Gearhart's Ex'r and Ex'x v. Howard, Etc.

Opinion op the Court by

Judge Dawson

Affirming.

This is an appeal from a judgment of the Franklin Circuit Court sustaining the ruling of the Department of Revenue to the effect that certain notes held by the personal representatives of George H. Gearhart are subject to inheritance taxes under the provisions of KRS 140.-010, which provides in part as follows:

“All real and personal property within the jurisdiction of this state and any interest therein belonging to inhabitants of this state * * # which shall pass by will * * * is subject to a tax upon the fair cash value as of the date of death of…