COMPILED CODE - Iowa Legislature - State of Iowa

314
§§ 4704-a2-4704-a5. INHERITANCE TAX. Tit. XIV, Ch. 21.
8 2. When the property passes to societies or institutions within
9 this state incorporated for educational or religious purposes, or to
10 cemetery associations or societies within this state organized for pur-
11 poses of public charity, including humane societies.
12 3. When the property passes to public libraries or public art gal-
13 leries within this state, open to the use of the public and not operated
14 for gain, or to hospitals within this state, or to municipal corporations
15 for purely public purposes.
16 4. Bequests for the care and maintenance of the cemetery or
17 burial lot of the decedent or his family, and bequests not to exceed five
18 hundred dollars in any estate of a decedent for the performance of a
19 religious service or services by some person regularly ordained, au-
20 thorized or licensed by some religious society to perform such service,
21 which service or services are to be performed for or in behalf of the
22 testator or some person named in his last will.
[S„ '13, § 1481-al ; 39 G. A., ch. 38, § 3.]
SEC. 4704-aS. Liability for tax.
1 Any person becoming beneficially entitled to any property or
2 interest therein by any method of transfer as herein specified, and all
3 administrators, executors, referees, and trustees of estates or transfers
4 taxable under the provisions of this chapter, shall be respectively liable
5 for all such taxes to be paid by them respectively.
[C, '97, § 1467; S., '13, § 1481-a; 39 G. A., ch. 38, § 2]
SEC. 4704-a3. Accrual of tax—maturity—extension of time.
1 The tax hereby imposed shall be for the use of the state, shall
2 accrue at the death of the decedent owner, and said tax shall be paid
3 to the treasurer of state within eighteen months after the death of the
4 decedent owner except when otherwise provided in this chapter. When
5 in the opinion of the treasurer of state additional time should be
6 granted for payment to avoid hardship, said treasurer may extend the
7 period to a date not exceeding three years from date of death of dece-
8 dent, but in case of any such extension the tax shall bear six per cent
9 interest from the expiration of eighteen months from decedent's death.
[S., '13, § 1481-a; 39 G. A., ch. 38, § 2.]
SEC. 4704-a4. Lien of tax.
1 The tax shall be and remain a legal charge against and a lien upon
2 such estate, and any and all the'property thereof from the death of the
3 decedent owner until paid, provided that said lien shall not continue
4 longer than five years from the date such tax becomes due and payable ;
5 provided, further, such five year limitation shall not apply to estates or
6 beneficiaries embraced in paragraph two of section forty-seven hun-
7 dred four-a six of this supplement, in cases where decedent died prior
8 to the taking effect of this chapter.
[C, '97, § 1467; S., '13, § 1481-a; 39 G. A., ch. 38, § 2;
39 G. A., ch. 164, § 3.]
SEC. 4704-a5. Transfers in contemplation of death.
1 If the decedent makes a transfer of, or creates a trust with respect
2 to, any property in contemplation of his death, or intended to take
3 effect after his death (except in the case of a bona fide sale for a fair