public art galleries, public hospitals within this State, or to municipal corporations for public purposes; nor is any tax imposed on bequests made for the care and maintenance of the cemetery or burial lot of decedent, or his family, or on bequests not exceeding $500 for religious services for the testator, or for any person named in the will. (7308, 7812-d1) Classification of beneficiaries.-The beneficiaries under this act are classified as follows: Class 1: Wife, husband, father, mother, child, lineal descendant, adopted child, or illegitimate child entitled to inherit, of decedent. Class 2: Brother, sister, son-in-law, daughterin-law, or step-children, of decedent. Class 3: All persons not included in classes 1 and 2. Class 4: Societies, associations, and institutions of other States or countries organized for charitable, educational, or religious purposes; cemetery associations and humane societies of other States; resident trustees for uses without this State. Class 5: Domestic and foreign corporations organized for profit. Class 6: Heirs, devisees, and others mentioned in class 1, and brothers and sisters of decedent, but who are aliens and nonresidents of the United States. Class 7: Other alien nonresident heirs or devisees. (7313, 7315) Rates. The amounts passing to the individual beneficiaries, in excess of the exemptions allowed, are taxed at the following rates: (7313) Classes 4 and 6 pay a flat rate of 10 percent on the entire amount passing. Payment of tax; interest. This tax accrues at the death of the decedent owner and is payable to the State treasurer within 18 months of such death, unless an extension of time, not exceeding 3 years, is granted, in which event interest is charged at the rate of 6 percent per annum from expiration of 18 months from decedent's death. (7310) Tax lien. This tax is a legal charge against and a lien upon decedent's estate, and any and all property of decedent owner until paid, but said lien does not continue longer than 5 years from the date the tax becomes due. (7311) Disposition of proceeds. The tax imposed under these provisions is for the use of the State. (7310) Administration of act. The provisions of this law are administered by the State treasurer. (7370) Source of information.-Chapter 351, Code of 1935. Estate Tax Tax imposed. In addition to the inheritance tax imposed under the provisions of the preceding paragraphs, an estate tax is imposed, for general State purposes, upon the transfer of the net estate of every decedent being a resident of, or owning property in, this State, except as otherwise provided. (7397-C1) Taxable transfers.-This tax is imposed upon the transfer of the total net estate of every decedent, and upon the net personal estate of every decedent, whose estate is subject to the jurisdiction of this State. (7397-C4) Rates. The rates imposed by this act are equal to 80 percent of the rates imposed by the Federal estate tax act, or 80 percent of the Federal rates shown herein on page 7. (7397-C2) Credit allowed. This estate tax is credited with the amount of any estate, inheritance, legacy, or succession taxes actually paid to any State or Territory in the United States, in respect of any property included in the gross estate, including the amount paid to this State as inheritance taxes; but in no case is a tax collected which, together with the credits allowed by this State, exceeds the maximum credit allowed by the Federal estate tax act for any estate, inheritance, legacy, or succession taxes paid to any State or Territory of the United States. (7397-C2) Payment of tax. This estate tax is payable to the State treasurer within 18 months from the death of the decedent. (7397-C6) Disposition of proceeds. The proceeds of this tax are paid into the general fund of the State. (7397-07) Inheritance tax provisions applicable. All provisions of law applicable to the inheritance tax of this State with respect to the determination, imposition, payment, and collection of such tax are also applicable to the provisions of this estate tax, except as otherwise provided. (7397-C12) Source of information. Chapter 351-C1, Code of 1935. KANSAS INHERITANCE AND ESTATE TAXES Tax imposed. All property, corporeal or incorporeal, and any interest therein, whether belonging to inhabitants of this State or not, and which passes or is transferred as hereinafter mentioned is subject to an inheritance tax. (79-1501) Transfers taxable. The property taxable under this act includes that which passes by will or by the laws regulating intestate succession, or by deed, grant, or gift made in contemplation of death, or made or intended to take effect in possession or enjoyment after the death of the grantor, to any person, absolutely or in trust, except in case of a bona fide purchase, and except that which is exempt as hereinafter shown. (79-1501) Same. Whenever any person exercises a power of appointment derived from any disposition of property, such appointment when made is deemed to be a disposition of property by the person exercising such power, taxable under the provisions of this act, in the same manner as though the property to which such appointment relates belonged absolutely to the donee of such power, and had been bequeathed or devised by the donee by will; and whenever any person possessing such power of appointment so derived fails or omits to exercise the same within the time provided therefor, in whole or in part, a disposition of property taxable is deemed to take place to the extent of such omission or failure in the same manner as though the persons or corporations thereby becoming entitled to the possession or enjoyment of the property to which such power related had succeeded thereto by a will of the donee of the power failing to exercise such power taking effect at the time of such omission or failure. (79-1520) Additional estate tax.-In the event the total of the inheritance taxes imposed upon the several interests and property comprising the estate of the decedent by the inheritance tax law of this State does not equal 80 percent of the amount of the tax imposed upon the value of the net estate of said decedent under the Federal estate tax act, an additional tax is then imposed upon the value of the net estate of said decedent equal to the difference between the total of such inheritance tax of this State and 80 percent of said Federal estate tax. (79-1501a) Exemptions. The following transfers are exempt from this inheritance tax: Transfers of property to or for the use of literary, educational, scientific, religious, benevolent, and charitable societies and institutions, but only if such use entitles the property so passing to be exempt from taxation; and transfers to or for the use of the State, a county, or a municipality for public purposes. Individual beneficiaries are allowed the following exemptions: Class A: Wife, ? The provisions of law relating to this tax are shown on p. 7. 2 $75,000; each other member of this class, $15,000. Class B: $5,000. No tax is imposed on transfers of $200 or less. (79-1501) Classification of beneficiaries.-The beneficiaries under this act are classified as follows: Class A: Husband, wife, lineal ancestors, lineal descendants, adopted child or lineal descendants thereof, wife or widow of a son or husband of a daughter, of decedent. Class B: Brothers and sisters of decedent. Class C: All others. (79-1501) Rates of tax.-Upon the value of shares succeeded to by members of the several classes in excess of the exemptions allowed, the following rates of tax are imposed: (79–1501) Exception to above schedule. Upon the share of the estate passing to the wife, only one-half of the foregoing rates are charged. (791501) Payment of tax; interest. Except as otherwise provided all taxes imposed hereunder are payable to the county treasurer of the county in which is situated the probate court having jurisdiction, at the expiration of 1 year after the executors, administrators, or trustees give bond; but if legacies or distributive shares are paid or delivered within the 1 year, the taxes thereon are payable at the same time. If property is transferred by deed, grant, or gift made in contemplation of death, the tax is due at the time of the transfer. If the taxes are not paid when due, interest at the legal rate is charged from the time the same became payable. (79-1502) Tax lien.-Property of which a decedent died seized or possessed, subject to taxes as aforesaid, and all property acquired in substitution therefor, is charged with a lien for all taxes and interest thereon which are or may become due on such property; but said lien may not affect any personal property after the same has been disposed of for value. (79-1502) Disposition of proceeds.-All taxes levied under this act, less collection expenses, are paid into the general revenue fund of the State. (79-1527) Administration of act.-The inheritance tax commission is charged with the duty of administering this law. (74-2407) Sources of information. Chapter 74, Article 24, and Chapter 79, Article 15, General Statutes of Kansas, 1935. 132222-39-4 KENTUCKY INHERITANCE AND ESTATE TAXES Tax imposed. A tax is imposed, for the uses of the Commonwealth, upon transfers of property as hereinafter shown. This tax is computed upon the fair cash value of the property as of the date of the death of the grantor or donor thereof in excess of the exemptions granted and at the rates hereinafter prescribed; and it is imposed when any person or corporation becomes beneficially entitled, in possession or expectancy, to any property or the income thereof, by any such transfer. (4281a-12) Transfers taxable. The following property is subject to this tax: All property within the jurisdiction of this State, real or personal, and any interest therein, belonging to inhabitants of the State, and all tangible personal property wherever situated belonging to inhabitants of the State not having acquired a situs for purposes of taxation outside of the State, and all intangible property of whatsoever nature belonging to persons domiciled in this State, and all intangible property of whatsoever nature having acquired a business situs in this State and belonging to nonresidents thereof, and all real property or interest therein within the State and all tangible personal property having acquired a situs in this State and not taxable elsewhere belonging to persons who are not inhabitants of the State, and which property passes by will, or by the laws regulating intestate succession, or by deed, grant, bargain, sale, or gift, made in contemplation of death, or made or intended to take effect in possession or enjoyment at or after the death of the grantor or donor, absolutely or in trust, to any person or to any body politic or corporate, in trust or otherwise, or by reason whereof any such person or body becomes beneficially entitled in possession or expectancy, thereto or to the income thereof. (4281a-12) Same. The taxable transfers also include those made within 3 years prior to the death of the grantor, vendor, or donor of a material part of his estate, or in the nature of a final disposition or distribution thereof, and without adequate valuable consideration. A power of appointment derived from any disposition of property is deemed a taxable transfer when made in the same manner as though the property to which such appointment related belonged absolutely to the donee of such power and had been bequeathed or devised by him by will; and whenever any person possessing such a power so derived omits or fails to exercise the same in whole or in part, within the time provided therefor, a taxable transfer is deemed to take place to the person receiving such property as a result of such omission or failure, to the same extent that such property would have been subject to taxation if it had passed under the will of the donee of such power. (4281a-13, 4281a-14) Same. Whenever any property, real or personal, held in the joint names of two or more persons, is transferred upon the death of one of such persons under the doctrine of survivorship, the right of the survivor is deemed a taxable transfer to the extent of one-half or other |