6. Such Tax shall be at the rate of 5%

upon the clear market value of such property, except as other-
wise prescribed in the next section.
355



TAXABLE TRANSFERS — EXEMPTION — WHEN DUE



Revised Stat-
utes, Tax Law
(Laws of 1896,
oh. 908), § 221,
p. 3295, 9th ed.
Banks & Bros.
Revised Stat-
utes, Tax Law
(Laws of 1896,
ch. 908), 8 222,
p. 3296, 9tll ed.
Banks & Bros.
1896, as
amended by
Laws of 1897,
ch. 284.
2. EXCEPTIONS AND LIMITATIONS.
When the property or any beneficial interest therein
passes by any such Transfer to or for the use of any
Father, Mother, Husband, Wife, Child,
Brother, Sister, Wife of a Son, Widow of a
Son, Husband of a Daughter, or Child or
Children Adopted, of the decedent, grantor, donor
or vendor or to any person to whom any such dece-
dent, grantor, donor or vendor for not less than ten
years prior to such transfer stood in the mutually ac-
knowledged relation of a parent ; or to any Lineal
Descendant of such decedent, grantor, donor or
vendee born in lawful wedlock,
such transfer of property shall not be taxable under
this Act, unless it is personal property of the value

of. $10,000.00

or more, in which case it shall be taxable under this

Act at the rate of i^

upon the clear market value of such property.
3. EXEMPTION.
Any property devised or bequeathed to any person
who is a Bishop or to any Eeligious Corporation
is exempt from taxation.
WHEN DUE.
All taxes imposed by this article shall be due and pay-
able at the time of the transfer * * * or when
the persons or corporations beneficially entitled
thereto shall come into possession or enjoyment
thereof.
