First National Bank v. Department of Revenue

Carlisle B. Roberts, Judge.

The plaintiff appealed from the defendant’s Order No. IH 74-6, dated September 5, 1974, imposing an inheritance tax deficiency under ORS 118.010, based on denial of a claim of credit for a charitable exemption under ORS 118.020.

The question before the court hinges on the ninth clause of the last will and testament of the decedent:

“All the rest, residue and remainder of my estate, whether real, personal or mixed, and wheresoever situated, I give, devise and bequeath unto [three named beneficiaries], * * * and a school, college or university student lomi fund to he…