Bugbee v. Mills

This is a proceeding by the comptroller, under the Transfer Inheritance Tax act (P.L. 1909 ch. 228 § 21), against the executors of the last will and testament of Frederick A. Canfield, deceased, and the trustees of Rutgers College, as legatee, under said will; for the collection of a tax of $3,390 assessed in respect of the testamentary transfers to the said legatee.

Two issues only are involved (a third raised by the answers of respondents was abandoned at the hearing). The respondents contend that the transfers to Rutgers College are exempt from taxation under the statute, by reason of the…