Morning journal and courier., 1881-03-29
Act Relating to Taxation.

Important Changes ProPOsed-Radical a al
 Alterations in the Present Law.
 One of the most important acts of the
 present session of the General Assembly will
 be that on the calendar of the House to-day,
 which is an amendment of various acts rela-
 ting to taxation. Among the more impor-
 tant provisions are the following: Section fourteen of chapter one, title twelve, page
 152 of the General Statutes is amended to
 read as follows: Personal property in this
 State or elsewhere, not exempt by this title,
 shall for the purpose of taxation include all
 notes, bonds and stocks (not issued by the
 United States), moneys, credits, choses in
 action, and all vessels, goods; chattels or eff
 fects, or any interest therein; and such
 property, belonging to any resident in this
 State, shall be set in his list in the town
 wherein he resides, at it's then actual value,
 except when otherwise provided. Section
 21 of said chapter is amended as follows:
 The cashiers or secretaries of all corpora
 tions, whose stock is liable to taxation, shall,
 on or before the first day of October, annu-
 ally, inform the assessors of each town of the
 names of the stockholders residing therein,
 and the amount of stock owned by each, as
 on the first day of the preceding September,
 50 far as the residence of such stockholders
 shall be known to such cashiers or secreta-
 ries, and it's market value on said last-men-
 tioned day; and any such cashier or secreta- ry, who shall neglect to furnish
 such information to the assessors
 of any town where said stock is liable to be taxed, shall forfeit fifty dollars
 to such town but putting letter into the
 postoffice containing such information, post age paid, addressed to the assessors of any town where such owner resides, shall be compliance with the provisions of this sec tion. Section 29 of said chapter provides that the interest of any trading, mercantile, manufacturing or mechanical business shall
 be assessed in the company or corporate name in the town. city or borough where the
 business is carried on; and the list of any business shall be given in by the person hav- ing charge thereof, residing in the town, city or borough when the owner or owners do not reside therein. The average amount of goods kept on hand for sale during the year, previous to the first day of September, shall be the rule of assessment and taxation but merchants shall also be liable to be assessed for any amount due them from responsible persons beyond their liabilities and any merchant may have a deduction from his list for debts owing by him, in the same man ner and to the same extent as hereinafter provided.
 Section eleven of chapter two is amended so that collectors may execute their tax warrants in any town, at any time. though after the expiration of the time limited for the collec- ton of the tax, and after they shall have set tied their rate-bills with their respective con- and shall have the same powers as sheriffs in executing their office. Section twelve of said chapter two is amended by add ing thereto the following: Taxes shall be deemed to become due on the first day on which the collector thereof, according to the terms of the notice above provided for, is ready to receive them. The estate of any | person in any portion of real estate which is | by law set in his list for taxation shall be sub- ject to a lien for that part of his taxes which | is laid upon the valuation of said real estate | as found in said list when finally completed, l which lien shall continue from the first day | of September in the year in which said list was | made until one year after said taxes become l 1ue, and during it's continuance shall take precedence of all mortgages, attachments | md liens purporting to cover or affect said | ,state.
 Section eighteen of chapter 2 is amended | 70 read as follows: When any person com- nitted to jail by the collector for non-pay- nent of any tax shall be poor and unable to 'ay it, he may apply to take the poor debt ,r's oath, giving the requisite notice to the + Mayor, Warden, or one of the Selectmen or committee of the community, laying such ax, and if admitted to take such oath, the community shall pay such collector the | mount of the tax, and the costs occasioned ,y the commitment therefor, if made within light months after the time when such tax | became payable, provided application for the of said tax was duly made by the | before said commitment and re- used. 's~ ssf' r2s>fi3ss 7-4 Ta
 Section nineteen of said chapter two is Imended to read as follows: The provi- ions of thefpreeedingssect of this chap er and of all amendments thereto, shall not Ipply to the time and mode of payment and | ,ollection of taxes in the town or city of New Haven, the New Haven city school district, ,r the town or city of Hartford, except so ar as respects the mode of levying upon, idvertising and selling real estate. Any as- esor member of the board of relief select | nan, committee or collector who shall do any unlawful act, or omit to do any necessary ct connected with the levy, assessment or I collection of any tax, shall forfeit five dollars 0 the person aggrieved thereby, and any col ector who shall charge or receive any illegal ees shall, in addition to said sum of five lollars, also forfeit double the amount of uch illegal fees to the person aggrieved. Chapter twenty-seven of the acts of 1875 $ amended to read as follows: Money loaned m interest with an agreement that the bor- ower shall pay the taxes thereon, and SC. ured by a mortgage of real estate in this le of the land mortgaged, as valued and set n the assessment list of the town where it is ituated, shall be exempt from taxation and he excess of any such loan over such valua- ion shall be assessed and taxed in the town rhers the lender resides, in the same manner s other money or interest; provided, how yer, that this act shall not be construed to xempt any savings bank from the payment f it's direct tax to the State. Chapters thirty-four of the acts of 1875, inc and sixty of the acts of 1871. sixty-two,I ixty-seyen and Seyenty-three of the acts of s79 are hereby repealed A desirable saloon is offered for rent by acob Heller this morning in our advertising alumns @