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Show OPINION REGARDING INHERITANCE TAX Salt Lake, Jan. 15. Inheritance tax- ALW es are a lien on a man's property at H the time of his death and the statute vLLW Is operative at that time, according to VLLW an opinion given by Attorney General LL A. R. Barnes yesterday to C. A. Glaz- H ier, administrator of the estate of jH George M. Smoot of Provo. jLL A check for $1158.64 was given to l the state treasurer by the admlnlstrat- uLLW or yesterday, in payment of tho in- jH hcrltance tax on the Smoot estate. It H was the question as to whether the H check Bhould be for this amount or LL for $699, that drew the opinion (from LL the attorney general. H Mr. Smoot, a brother of United jH States Senator Reed Smoot, died Jan- WLM uary 17 last year. Last winter the mLM legislature amended tho inheritance IH tax law, the amendment becoming ef- H fectlve shortly before the Smoot es H tate was appraised and probated. H Under the old inheritance tax law LL the fee was a straight 5 per cent on LL everything above the first $10,000 of H the estate, which was exempt. The JLLM last legislature amended the law to LL provide a tax of but 3 per cent on es- LL tates up to $25,000 and 5 per cent oh 1 amounts over $25,000. LL The George Smoot estate was ap- H praised at about $33,000. The first LM $10,000 was exempt, leaving $23,000 H taxable under the Inheritance law. Bo- LL fore the law was amended this vould LL bo a 5" per cent tax, amounting to LL $1158.64. Under tho amended law it H would bo 3 per cent, amounting to H $699. Attorneys for the estate claim- 1 od that the estato should come under H tho amended law, as the estate wus H not probated until tho amendment LL went Into effect The attorney gen- H eral hold that the estato should re- 1 mlt under the law operating at tho H time of Mr. Smoot's death. In accord- vLM ance with this opinion the estate has H remitted for the larger tax. H This was the first case to bring up H this question. LL oo LL Read the Classified Ads. LL Read the Classified Ads. LLl Read thr 'Massif led Adfl. LL Read the Classified Ads. H January 1916, at tho hour of 12 LM o'clock. Noon, to pay delinquent as- H sessments thereon, together with the H costs of advertising and expense of H Tho numbers of Certificates of LL stock issued to II. L. Griffin, H. E. H Palmer, J. P. O'Neill and Winslow H Fnrr, each respectively as named H above, are unknown, and the stock is- H sued to H. L. Griffin and H. E, Pal- H mer will be sold subject to a lien of H the corporation upon the stock to se- 1 cure tho payment of two -notes for H 'o. of No. of Par JLLw i'f'e. Shares Valuo Amount -MU 5500 1.00 $550.00 H 5500 1.00 550.00 H 1000 1.00 100.00 -M 1500 1.00 150.00 -M 9 875 1.00 -87.50 H 4 1000 1.00 100.00 -W 2000 1.00 200.00 V-W-W 3 4000 1.00 400.00 ' H ) 4000 1.00 400.00 H Four Hundred and Sixty-two ($462.00) H Dollars each, given as part .payment H of the subscription price of the stock. IH By resolution of the Board of Direc- jH tors of date Decomber 31, 1915 the H time of sale upon delinquent stock H was extended from January 10, 1916, H to January 25, 1916, at 12 o'clock. H (Signed) E. A. STRATFORD, , H Secretary pro tern, of the Farr Do- H volopment Company. ,. H Location of Office: 411 First H tional Bank Building, Ogden, man. H |