Guthrie v. Pittsburgh, Cincinnati & St. Louis Ry.

Citations

• 158 Pa. 433
• 27 A. 1052
• 1893 Pa. LEXIS 1608

Syllabus

<p>Taxation — Trusts—Bonds—Nonresidents—Wills—Act of 1891.</p> <p>A resident in the District of Columbia appointed by will as trustee of his estate a citizen and resident of Pennsylvania. The trustee kept the securities of the estate with a trust company in the city of Washington. The only beneficiary under the trust was the widow of the testator, who received a fixed annuity each year. The remainder of the income was given to persons residing in Pennsylvania. Among the securities of the estate were the bonds of a railroad corporation of Pennsylvania. Held, that the bonds were liable to the state tax under the act of June 8,1891, P. L. 229, and that the railroad company had a right to retain the amount of this tax from the interest on the bonds.</p>