Personal Property Tax on Trust Estates

Margiotti, Attorney General,

We have your request to be advised concerning the proper construction of the phrase “hereafter received” in section 3 of the Act of June 22, 1935, P. L. 414, known as the State Personal Property Tax Act.

The phrase in question occurs in that portion of the section which exempts property received from nonresidents by resident trustees for the use of nonresident beneficiaries from the tax of one mill imposed by the section for State purposes. The exact language in question is as follows:

“And provided further, Thai the provisions of this section shall not apply to…