COMPILED CODE - Iowa Legislature - State of Iowa

317
Tit XIV, Ch. 21. INHERITANCE TAX. §§ 4705-4706.
11 made for the purpose of assessing the inheritance tax, the statutory fee
12 of executors, administrators, or trustees estimated upon the appraised
13 value of the property, the amount paid by the executor or administra-
14 tor for a bond, the attorney fee in a reasonable amount to be approved
15 by the court for the ordinary probate proceedings in said estate, and
16 no other sum ; provided, however, that the debt of such decedent owing
17 for or secured by property outside of this state, shall not be deducted
18 from estimating the tax, except when the property for which the debt
19 is owing or by which it is secured, is subject to the tax imposed by this
20 chapter, or when the foreign debt exceeds the value of the property
21 securing it or for which it was contracted, when the excess may be de-
22 ducted provided that satisfactory proof of the value of the foreign
23 property and the amount of such debt is furnished to the treasurer of
24 state.
25 Said debts shall not be deducted unless the same are approved and
26 allowed by the court, within eighteen months from the death of the
27 decedent, unless otherwise ordered by the judge or court of the proper
28 county.
29 2. From the estate of such decedent who at the time of his death
30 is domiciled outside of this state, the state treasurer shall deduct such
31 debts and expenses as are chargeable to the property under the laws
32 of this state, provided that in the event that the executor, administra-
33 tor, or trustee of such foreign estate files with the clerk of the court
34 having ancillary jurisdiction and with the treasurer of state, or with
35 the treasurer of state in case there is no administration of the estate
36 within this state, a duly certified statement exhibiting the true market
37 value of the entire estate of the decedent owner, and the indebtedness
38 for which the said estate has been adjudged liable, which statement
39 shall be duly attested by the judge of the court having original juris-
40 diction, the beneficiaries of the said estate shall then be entitled to
41 have deducted such proportion of the said indebtedness of the decedent
42 from the value of the property as the value of the property within this
43 state bears to the value of the entire estate.
44 3. An amount equal to the value at the time of the decedent's death
45 of any property, real, personal or mixed, which can be identified as
46 having been received by the decedent as a share in the estate of any
47 person who died within two years prior to the death of the decedent,
48 or which can be identified as having been acquired by the decedent
49 in exchange for property so received, if an estate tax under this chapter
50 was collected from such estate, and if such property is included in dece-
51 dent's gross estate.
[S., '13, § 1481-a2; 39 G. A., ch. 38, § 5.]
SEC. 4705. Exceptions.
[Repealed by 39 G. A., ch. 38, § 3, and a substitute enacted in lieu
thereof, which substitute, for the purpose of logical arrangement,
appears as section 4704-al of this supplement.]
SEC. 4706. Inheritance tax and lien book.
1 The clerk of the district court in and for each county shall pro-
2 vide and keep a suitable book, substantially bound and suitably ruled,
3 to be known as the inheritance tax and lien book, in which shall be kept
4 a full and accurate record of all proceedings in cases where property is
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