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Excerpt from Statutes Pertaining to the Succession Tax and Tax on Untaxed Property of Deceased Persons, 1921 Succession tax, law constitutional 76 C. 235. Nature of tax 76 C. 621; 77 C. 649. 91 C. 535; 92 C. 99.term, or annuity; when tenants for life or for limited term, or annuitants take jointly or concurrently and are in different classes, such proportion of the principal sum so given, de vised, or bequeathed shall be treated as gifts, devises, and bequests to the class to which the tenant for life or for limited term, or annuitant belongs as the income to which he is entitled is of the income of the whole sum. When the gift over at the expiration of any annuity, or estate for life [or limited term is exempt under section 1261, then the tax of the tenant for life or limited term, or annuitant shall be paid as hereinbefore provided, and at the expiration of such estate for life or limited term, or annuity, the state treasurer shall pay the amount of the tax on such exempted remainder without interest to the person or corporation entitled thereto. A11 taxes referred to in this section shall be paid out of the principal sum given, devised, or bequeathed, or from the fund set aside to produce an annuity the remaindermen and succeeding tenants for life or limited term, or annuitants shall be entitled to any exemption which has not been exhausted and shall not be liable for interest if the additional tax for which they are liable is paid within two months after the termination of the preceding estate for life or limited term, or annuity. The judge of the court of probate having jurisdiction of any estate so given, devised, or bequeathed shall certify to the state treasurer the termination of any annuity, tenancy for life or for limited term within ten days after the same has come to his knowledge. Rate of interest on overdue tax. Final account not to be accepted until tax is paid. About the Publisher Forgotten Books publishes hundreds of thousands of rare a