In re the Estate of Schinasi

Foley, S.

This is an appeal by the executors of the above-named decedent from the report of the appraiser and the order assessing tax entered thereon on August 25, 1930, on the following grounds: (1) That the order erroneously assessed a tax on the sum of $1,000,000, whereas, under the terms of the will of the decedent, the gift is a charitable bequest and exempt from transfer tax under section 221 of the Tax Law (as amd. by Laws of 1928, chap. 844); *442(2) that the secondary life estates in one-third of the residuary to the daughters of the decedent have been taxed at the rate of four per cent,…