City Bank Farmers Trust Co. v. Martin

Buchanan, Vice-Ordinary.

As set forth in the prior (unreported) conclusions filed herein, — it was determined on the original hearing that the tax under review should be affirmed,- — that (1) the transfer inler vivos was taxable as having been made in contempla tion of death; (2) the assessment of that tax was properly made, under the statute, on the basis of the valuation of the property transferred as of the date of the transfer; (3) that the statutory provision to that effect was valid and constitutional; and (4) that there was no deduction to be made from the taxable value of said property…