Show Ill Tn Lau La i Among recent notable state stale legislation legislation legisla legisla- tion is 18 the direct Inheritance lax tax law that Is h now or on time tilt statute bool books of Massachusetts Mas 1 n a stale slate te that has ghen the subject and careful study The new law w is supplementary to the t on one taxing collateral Inheritances Inh only Ten years ago a tax commission recommended 1 recommended mended a 0 i direct inheritance tax lax of 5 G per Pl cent with certain exemptions The las l Massachusetts legislature that has lias just i iI I a adjourned ned practically accepted th time the re report report re- re 1 I port of a committee t in ht favor of a graduated Grad giad- tax on un direct Inheritances Collateral Col lol- lateral inheritances inheritance above 1000 except except ex ex- bequests to charitable religious 01 or educational Institutions will continue continuo continuo con con- to pa pay 5 per lieu I c cant nt ilm- ilm Direct ilmet et Inheritances In In- In by put pUIt parents or children lon with exemption for or 01 le Ie less s will pay from 1 to 5 per 11 CPU cent nt I graduated according according ac ac- cOI cording ln to amount Inheritances U by brother sister S nephew or 01 nl niece ce with 1000 exemption will pay a tax of lr from 3 to I 5 per c t cent nt the thC named last I rate for Cor an tut amount exceeding This iris new Massachusetts J law It is estimated es es- w will a add ll to tn the revenue nue of lIr the state slate in addition n to lo from the tho collateral inherItance lax and will viii relieve e taxpayers of ur half the he sum now collected as a general general gen gen- eral state stale tax Doth Both real and personal property will be to these inheritance in- in hel taxes laxon Massachusetts 1 has hus covered time the subject by Its Us is statutes 3 and n the vii whole li luus hu Lr acter conservatively Jy Under pro prolonged on elI I liberal exemption exemptions ex ex- emption wet WIlC decided d Oil on and In hum no case rase l 1 4 the tax on inheritances under I mind and over OOOO more than 3 I or 01 1 I 1 per cent the tho graduated scale for Cor smaller amounts being much leIS less |