COMPILED CODE - Iowa Legislature - State of Iowa

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Tit. XIV, Ch. 21. INHERITANCE TAX. §§ 4728-4741.
SEC. 4728. Determination of value of annuities and life and term
estates—basis of computation—release of lien on remainders
and reversions.
1 The value of any annuity, deferred estate, or interest, or any
2 estate for life or term of years, subject to the inheritance tax, shall
3 be determined for the purpose of computing said tax by the rule of
4 standards of mortality and of value commonly used in actuaries' com-
5 bined experience tables as now provided by law. The taxable value
6 of annuities, life or term, deferred or future estates, shall be com-
7 puted at the rate of four per cent per annum of the appraised value
8 of the property in which such estate or interest exists or is founded.
9 Whenever it is desired to remove the lien of the inheritance tax on
10 remainders, reversions, or deferred estates, parties owning the bene-
11 ficial interest may pay at any time the said tax on the present worth
12 of such interests determined according to the rules herein fixed.
[S., '13, § 1481-al6; 39 G. A., ch. 38, § 10.]
SEC. 4731. Payment by executor or trustee.
[Repealed by 39 G. A., ch. 38, § 1.]
SEC. 4732. Payment to state.
[Repealed by 39 G. A., ch. 38, § 1.]
SEC. 4783. Collection.
[Repealed by 39 G. A., ch. 38, § 1.]
SEC. 4734. Settlements with executors or trustees.
[Repealed by 39 G. A., ch. 38, § 1.]
SEC. 4785. Order on final settlement void if taxes not paid—
recording of treasurer's receipt on lien book.
1 No final settlement of the account of any executor, administrator,
2 or trustee shall be accepted or allowed unless it shall show, and the
3 court shall find, that all taxes imposed by the provisions of this chap-
4 ter upon any property or interest therein, that is hereby made pay-
5 able by such executors, administrators or trustees, and to be settled
6 by said account, shall have been paid, and the receipt of the treasurer
7 of state for such tax shall be the proper voucher for such payment.
8 Any order contravening the provision of this section shall be void.
9 Upon the filing of such receipt showing payment of the tax, the clerk
10 shall record the same upon the inheritance tax lien book in his office.
[S., '13, § 1481-al9; 39 G. A., ch. 38, § 10.]
SEC. 4787. Jurisdiction of court.
[Repealed by 39 G. A., ch. 38, § 1.]
SEC. 4739. Executors or trustees.
[Repealed by 39 G. A., ch. 38, § 1.]
SEC. 4741. Legacies charged upon land.
[Repealed by 39 G. A., ch. 38, § 1.]
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