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Sign up freeThe Milwaukee Leader
Milwaukee, Milwaukee County, Wisconsin
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Heirs of Henry C. Frick's $145 million estate challenge Pennsylvania's inheritance tax law in U.S. Supreme Court, seeking to avoid $1.5 million in taxes on properties including a $13 million New York art collection. Pennsylvania Senators Pepper and Reed argue opposing sides.
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WASHINGTON— The $145,000,000 estate of the late Henry C. Frick, steel, coal and railroad magnate, was before the supreme court Friday in a suit brought by heirs against the Pennsylvania inheritance tax law.
An unusual feature was the appearance of Pennsylvania's senators on opposing sides, Senator Pepper representing the Frick heirs and Senator Reed supporting the state.
Validity of the Pennsylvania statute is involved directly in the suit, the Frick heirs endeavoring to set aside inheritance taxes amounting to about $1,500,000, including taxes imposed by Pennsylvania on the Frick art collection in New York, valued at over $13,000,000, as well as property in other states.
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Domestic News Details
Primary Location
Washington
Event Date
Friday
Key Persons
Outcome
heirs endeavoring to set aside inheritance taxes amounting to about $1,500,000, including taxes imposed by pennsylvania on the frick art collection in new york, valued at over $13,000,000, as well as property in other states
Event Details
The $145,000,000 estate of the late Henry C. Frick, steel, coal and railroad magnate, was before the supreme court in a suit brought by heirs against the Pennsylvania inheritance tax law. An unusual feature was the appearance of Pennsylvania's senators on opposing sides, Senator Pepper representing the Frick heirs and Senator Reed supporting the state. Validity of the Pennsylvania statute is involved directly in the suit.