Dixon's Case

Opinion by

Baldrige, J.,

This appeal is from a decree entered by the court below sustaining exceptions to a supplemental assessment for personal property tax made by the Board of Revision of Taxes, under section 1 of the Act of June 17, 1913, P. L. 507 (72 PS §4821) as amended.

The facts, which are not in dispute, are as follows: On December 10,1928, the appellee, Charles Dixon, then a resident of New York City, under a deed of trust, transferred certain stocks and bonds to a New York trust company as trustee. This deed of trust stipulates that the settlor is to receive the net income for life,…