TAXATION AND REVENUE SYSTEMS—IOWA. 
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diction of the courts of this state, or, which, in the case 
of a resident decedent, was situated outside the state 
at the time of death, except real estate located outside 
the state and passing in fee, which shall pass by will, 
statutes of inheritance, by deed, grant, sale, gift, or 
transfer made in contemplation of death intended to 
take effect in possession or enjoyment after the death 
of the grantor, shall pay a tax of 5 per cent, except that 
property passing to aliens, nonresidents of the United 
States, shall be subject to a tax of 20 per cent of its 
true value; if foreign beneficiaries are brothers or sis 
ters of the decedent owner, the tax shall be 10 per cent. 
Exceptions.—When estate does not exceed $1,000 
after deducting the debts of decedent defined by the 
statute; when property passes to husband or wife, 
father, mother, lineal descendant, adopted child, or the 
lineal descendant of an adopted child of decedent; 
when passing to educational and religious societies or 
institutions, public libraries and art galleries, to or for 
public hospitals not operated for gain; or to societies 
within the state organized for public charity; cemetery 
associations, bequests for the care and maintenance of 
the cemetery or burial lot of decedent and his family, 
and bequests not to exceed $500 to or for the perform 
ance of a religious service for or in behalf of the dece 
dent or any person named in the will of such decedent; 
when property passes to a municipal or political cor 
poration within this state for purely public purposes. 
In each county the court appoints three resident 
freeholders annually to appraise the property subject 
to this tax and may also appoint special appraisers in 
any given case. 
The appraisement of estates in remainder or de 
ferred interests are not made until the determination 
of the prior estate, except on request of the parties in 
interest to remove the lien thereon. 
The appraised value shall always be the market 
value in the ordinary course of trade. 
The taxable value of annuities, life or term, deferred 
or future estates, is computed at the rate of 4 per cent 
per annum of the appraised value of the property in 
which such estate or interest exists, or is founded. 
The tax is paid to the state treasurer by the execu 
tors, and is a hen upon the estate until paid. No dis 
count is allowed for prompt payment, but, unless paid 
within 18 months, interest at the rate of 8 per cent is 
added from the death of the decedent. 
D. CORPORATION TAXES. 
In general, corporations are taxed under the general 
property tax, but a few are assessed by a state board 
on part of their property. The following, however, 
are differently taxed: 
Insurance companies, other than fraternal, beneficiary, and 
county mutual companies, are taxed upon their annual gross re 
ceipts (less return premiums in the case of fire companies) at the 
following rates: Foreign companies incorporated or owned outside 
of the United States, 2J per cent; foreign companies, United States, 
2^ per cent. Domestic fire insurance companies, 1 per cent of their 
premiums; other domestic insurance companies, 1 per cent in addi 
tion to taxes on stock. 
E. BUSINESS TAXES, LICENSES, AND FEES. 
The statutes authorize the manufacture and sale of 
intoxicating liquors upon the payment of a so-called 
mulct tax of $600 per annum, and provides that the 
revenues derived from this source shall be paid into 
the comity treasury, one-half to be credited to the 
general county fund and the remainder to be paid over 
to the municipality in which the business taxed is 
located. 
A tax of $300 per annum on the sale of cigarettes 
and on the maintenance of property used for immoral 
purposes is also provided for, to be distributed in the 
same manner as the liquor tax. 
Itinerant physicians, including osteopaths, $250 per annum; itin 
erant vendors of drugs, $100 per annum; peddlers, per county, on 
foot, $25; 1-horse conveyance, $50; 2-horse conveyance, $75. 
For examination of physicians, $10; for reciprocity fee (registra 
tion of certificate from another state), $50. 
For examination of pharmacists, $5; annual renewal of certificate, 
$1; registered pharmacists of other states, $10. 
For examination of dentists, $20; license for practitioners from 
another state, $25; certificate when going to another state, $5. 
For filing articles of incorporation, $25, and on each $1,000 over 
$10,000 capital, $1; increase of capital stock per $1,000, $1; a 
recording fee of 10 cents per 100 words, minimum recording fee, 
50 cents; amendments to articles of incorporation, if no increase 
of capital, $1; increasing capital, filing fee of $1 per $1,000. (The 
same fees are required of foreign corporations.) Farmers’ mutual 
cooperative creamery associations conducted on a purely coop 
erative plan, and corporations manufacturing sugar from beets 
grown in the state are exempt from the payment of these fees. 
All corporations, except banks and insurance companies, organ 
ized for pecuniary profit are required to pay an annual fee of $1 
to the secretary of state. 
Certified copies of census reports, $2. 
In addition to the fee required for organization of domestic cor 
porations, foreign corporations are required to pay to the secretary of 
state a fee of 10 cents per 100 words for recording the copy of incor 
poration, and a filing fee of $25 upon $10,000 or less of assets within 
the state and $1 for each $1,000 in excess of $10,000. 
Registration fees for motor vehicles are as follows: $8 for machine 
of 20 horsepower or less; 40 cents per horsepower for each in addi 
tion to 20 horsepower. After being licensed four years the fee shall 
be one-half the original fee. Electric motor vehicle, $15. Motor 
cycle or bicycle, $3; duplicate registration fee, $1 for motor vehicle. 
Change of ownership, $1. Dealers’ numbers, $15. Eighty-five per 
cent of such money to be apportioned among the counties. The 
fees are in lieu of all taxes, general and local. 
Insurance company fees: For filing application, etc., domestic 
companies, $10, foreign companies, $25; for permission to foreign 
companies, $2; for filing annual statement, etc., domestic com 
panies, $3, foreign companies, $20; for certificate of authority to 
agent, domestic companies, 50 cents, foreign companies, $2. 
Farmers’ institutes: Filing and examination of first application 
of any company and articles of incorporation, and issuing permis 
sion to do business, $10; filing application of foreign company, 
$25; permission of foreign company, $2; annual statement of foreign 
company, $2; agent of foreign company, $2; agent of domestic 
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