New York Surrogate's Court March 15, 1890 (In re the Estate of Peck)

The Surrogate.

The first question to be consid*202ered is whether the bequests of $500 are subject to the tax. By the first section of the act (chap. 713, Laws of 1887), it is provided that the estate bequeathed to any person or corporation, not exempt, “shall be and is subject to a tax of five dollars on every hundred dollars of the clear market value of such property,.....