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New York Trust Co. v. Eisner, 256 U.S. 345 (1921)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
New York Trust Co. v. Eisner, 256 U.S. 345 (1921)
New York Trust Company v. Eisner No. 286 Argued April 25, 26, 1921 Decided May 16, 1921 256 U.S. 345
ERROR TO THE DISTRICT COURT OF THE UNITED STATES
FOR THE SOUTHERN DISTRICT OF NEW YORK
Syllabus
1. The Act of September 8, 1916, c. 463, Title II, § 201 et seq., 39 Stat. 777, imposes a tax on the transfer of the net estate of every decedent, graduated according to the value as ascertained by deducting, in the case of a resident, from the gross estate, funeral, administration and other expenses and charges, and a specified exemption; the tax is due in one year from the decedent’s death, is payable primarily by the personal representative, and is made a lien upon the gross estate except such part as is paid out for allowed charges, etc. Held, an indirect tax, not requiring apportionment, and not an unconstitutional interference with the rights of the states to regulate descent and distribution. P. 348. Knowlton v. Moore, 178 U.S. 41.
2. That the tax may occasion inequalities in amounts received by beneficiaries does not affect its validity. P. 349.
3. "Charges against the estate," deductible under § 203 of the act in computing net value, affect the estate as a whole, and therefore do not include state inheritance and succession taxes on the shares of individual beneficiaries. P. 350.
263 F. 620 affirmed.
The case is stated in the opinion.
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Chicago: U.S. Supreme Court, "Syllabus," New York Trust Co. v. Eisner, 256 U.S. 345 (1921) in 256 U.S. 345 256 U.S. 346. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=AYPUJ9WPP5RQH6U.
MLA: U.S. Supreme Court. "Syllabus." New York Trust Co. v. Eisner, 256 U.S. 345 (1921), in 256 U.S. 345, page 256 U.S. 346. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=AYPUJ9WPP5RQH6U.
Harvard: U.S. Supreme Court, 'Syllabus' in New York Trust Co. v. Eisner, 256 U.S. 345 (1921). cited in 1921, 256 U.S. 345, pp.256 U.S. 346. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=AYPUJ9WPP5RQH6U.
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