Cumberland Municipal Court. Cumberland Municipal Court is held on the 3rd Wednesday of the month starting at 1:00 pm with the Honorable Katherine Ault presiding. COURT DATE: The Date on your citation is the date in which your citation will process through the Court. This Date is your opportunity to enter a plea to the charge.
Real Property Transfer Tax (7551) In addition, a supplemental tax at the rate of $1.50 per $500.00 of the transfer price, or fraction thereof, shall be imposed on transfers taking place on or after April 1, 2008, for the purpose of providing financial assistance to the Chicago Transit Authority (âCTAâ).
Direct vs. Indirect Skips. The taxation of a GST depends on whether the transfer is a direct or an indirect skip. A direct skip is a property transfer made to a skip person that is subject to an estate or gift tax. An example of a direct skip would be a grandmother gifting property to a grandchild.The transferor, or his or her estate, is responsible for paying the GST tax for direct skips.any people use a grandchild as a skip person, but a skip person does not have to be a family member. Any individual other than a spouse or ex-spouse is eligible to receive a generation skipping transfer as long as they are at least 37.5 years younger than the transferor.