INHERITANCE TAX ON EMP. SAL. AG.


31 Pa. D. & C. 2d 82 (1963)

Inheritance Tax on Employe Salary Agreements

Common Pleas Court of Philadelphia County, Pennsylvania.

September 27, 1963.


VINCENT X. YAKOWICZ, Deputy Attorney General, September 27, 1963.

You have requested our opinion with respect to the taxability of the commuted value of monthly payments to be made to the decedent's widow in conformity with a Salary Agreement executed by and between James W. Foxall, decedent, and Mushroom Transportation Company, Inc.

The decedent died on August 8, 1962, while the contract was in full force...

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