New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-23
METHODS OF TAXATION

WHAT THE COMMITTEES AgE DOING-A BILL TO
TAX TIE BDND> or ClIIEs,. TONES AND CoCS-
TIrs--oIHER MtrTiR RS
ITRoN the REGULAR CORRESPONDENT OF THE TRIBUSH ]
ALBANY, March 22.-rhe Governors Tax
Commission working steadily 20 is task OF revising
the taxation laws OF the STATE. From time 20 line the
JOINT Committee on Taxation Of the Legislature sub
mts To- lis inspection any important bill that may be
introduced IN the Legislature on he subject.
Mi steele OF the Tax Committee, has conceived the
idea that the State should tax the bonds Of - cites
town. villages and counties. To carry thit purpose
he has drawn NJ the bill given below which tonight he
submitted TO the Tax Committee. The bl'l WIS taen
sent tu the Tx Commission Ia view Of the inn ortanco
Of tine bill, IL "a given IN full
SECTION l. The moncyed obligations of overy village
town city AMI county o. his state whether In the
OF bonds or erwi-e, ~ba unless expressly exempted
~ law. be included the DeFs'... be- a,-
srgsed and taxed IN such village. town, city and comfy
Tie amount obi gat sna be placed uUou
as-e-sment-;o OF such village. uwn city county aud
the knd OF Obligation shall he sIech H. Win the amouht
Of each Kind opposite, In Similar manner 10 that
now prescribed by law for lands 81 nOn-resdents.
q When Il shall appear by the return ~ any Of
ncer authorized by law 10 receive taxes male accord.
mg TO law To- county treasurer 10 the chamberlain
Of city, that the tax or any part thereof i'm
posed under TINS act remains unpaid. snch trcasurr
or cham pcflan shall, otter the expiration of
twenty d ys from the time Of receiving such Pc
turn. issue. IN duplicate, certificate specifying the
amount Of tax uncOlccted and the rate OF taxation on
each KIND OF Obligation mentioned In sail return. Such
icaie sAa, De- a"fu evidence 81 money pad 10 mi
and benefit Of the uwuers holders Of -uru
OBLIGATIONS. ana The amount specified In such cefn
cate shall De legal and valid spton aud c0unrr-ca
payment upon heinicrc,t principal due become
due upon shd ObigatOIa. one OF said ccrrhratea sa
be- flea the OIL O the clerk Of the county where SAID
rsurer or chambar1in resides, and the OGer shall
delivered 10 IN officer or party, n known, through
whom 10 whom The payment o, said Interest prln
clpal j. 20 be made.
Sec g. This snail take cfF ct the first day Of Jan
uary. eighteen hun ircd and rIghtvtWO.
The following resolution IN The same line OF taxation
introduced by Senator For ter adopted by un4u
nous vote by the Senate to-day:
RcsOiDcd That the clerks o. the Boards Of Superynrs
OF the several counties Of this State excepting tho
Comfy OF NewN ork, be- and they hereby requested
to IN Orm Inc Senate:
F,TS-1hc total assessment for personai property I'm
their respective counties FOR the years 1870, 1871 1873
1879 aud 1880.
Hecond-WLar was the amount Of such assessments
against corporations.
Thrd-What the state tax each OF such years was
Oh such personal property assessment
IOuTth-What the city, town and county tax on such
assessment for personal estate Was IN each OF such
years
The bill recently introduced IN the Assembly
at the suggestion OF the New-York Board Of Police ell
largng the scope Of the laws creating police pension
fund introduced IN the scnnt' to-day by Senator
Forster Ii provides that the widows and Orphans of de-
ceased polio shall receive 1900 pensOn yearly thai
disabled policemen may receive the same amount aud
that tpOcemen who, after twenty years service
leave IA" force shall receive pension at least one-a
In amount OF their salaries.