In Re Settlement of Estate of Newberry

Given, Judge:

The question before the Court on this writ of error, granted to a judgment of the Circuit Court of Ohio County, affirming an assessment made by the State Tax Commissioner and appealed to the circuit court, pursuant to Code, 11-11-21, relates to the method adopted by the commissioner in the allowance of the exemptions provided in the applicable inheritance tax statutes. The market value of the estate presently involved, as determined by provisions of Code, 11-11-5, as amended, was $142,392.75. The taxpayer figured the tax due the State, under the statutes, as being $5,207.09,…