New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-04-27
AT THE STATE CAPITAL.
REFORMING THE TAXATION LAWS.

AssEMBLY-A BILL PREPARED bi HE o-''
IT'S PROVISIONS IN FULL.
frpow rur Ryor1AR CORRESPONDENT THE TRIBUSE.l
ALBANY. April 2G.-In the Senate and AS
sembly to-day the consideration OF the various bs re-
forming the taxation laws WAS begun The CHIEF hi OF
the day was that defining the term lands USED 10
the Revised Statutes. The Governors Commission ana
the Joint Committee on Taxation agreed that under the
term lands as used in taxation laws should be In
clnded all kinds Of railroads, telegraphs and mains
The street railway companies OF NeW-lorK nave
had agents here for several weeks striving in vain TO get
themselves exempted from being included in the term
lands. The bill passed in the Senate by unanl-
nous vote and as fOllOws:
SECTION l. Section two OF title Of chapter thirteen
of part OF the Revised Statutes Is hereby aheueu
TO read follows .,
SIC 9 The term land" ms used in this chapter shall
lie construed include the land itsef above and under
water an oialhgs ana SIner eTced mon under
above affixed TO the same all wharNes ana leIs'
cranagc or dockage thereon all bridges all telegraph
lines, wires. poles and appurtenances all surface, UNI
substrucures and superStrueres tracks ana the iron
thereon; branches, switches and other hxt9 1f1
permitted or authorized to he made, lalu
or placed in. upon, above or under any pubic
private road. street or grounds all mains and pipes
and tanks laid placed in, upon above or under any
public private street place all trees and under
wood growing upon lands ana all mines ntr , b
longing to the State The terms real estate ana reai
property whenever they In this chapter sha ne
land thus defined.
section This act shall take effect Immediately
The Co ernors Tax Commission framed a bill which
was passed by the Senate to-day by vote OF 20 TO L
given by Senator Astor-eXempting from all state ana
local vessels registered in part Of the state
owned by American citizens or corporations organized
under the of the State OF NewYork and engaged In
ocean between any port in the United States
and any foreign port The bill also exempts for a
limited period the capital stock franchise and earnings
OF such corporations from taxation for state and local
purposes.
Senator wendover's bill declaring that tax shall
hereafter assessed upon the capital or franchise OF
any trust company also passed by the Senate, to-
day The bill is simply designed TO place trust companies
on level regarding taxation banks or bank
ing associations
The Assembly debated throughout its session to-day
Mr. Stceles bill to increase the taxation OF personal
property. 1t has the title "to provide for the equaza
tion Of assessment and taxation and to reduce taxation
on real estate" Mr.. steele is member OF the JOINT
Committee Taxation but his bill does not have the
approval OF the Governors Taxation COnms~lo ms
bill provides that all lands and all personal estate
shall be taxed at the full value But ndebtedncss, duly
verified by the taxpayer and certified to by the Col
lector shall be received setoh to the interest or
In support Of this measure Mr.. Steele made long
argument. which satirizcd aftcrward by Mr. Trim.
BILE, of Now-YOrk. in the remark " Mr.. Speaker read
this bill through carefully, and couldn't understand 1t
and that have listened 10 Mr. steele's speech am
convinced that he doesn't understand H." Mr. steele
defended the provisions Of his bill al length.
EXSpeakcr Alvord earnestly opposed the hil. lie
!
unconstitutional Mr.. Hamilton and others also ol-
posed the bill hut 1t favoraby regarded by the As
sCnlDly and finally ordered to a third reading.
BILL PROPOSED BY THE BANKS.
The Joint Committee on Taxation listened 10 argu-
menis tonight In or OF amending the taxation laws
far they apply TO banks The banks OF Newiork City
were represented by General NJ H. swayne and Julian
Davies, and those Of Albany by Matthew Hale After
stating objections the present laws they presented the
following proposed BILL which, they said would be salts
factory to the banks:
SECTION l. No tax shall he assessed upon the capital.
franchises aud business OF any bank or bank.ng
state or OF the United states, and located within
this but the shares ~ all such banks or banking
sociations shall be subject 10 assessment and taxation by
including them the general valuation Of the personal
property OF the holder OF such shares In the
holder or owner Ia taxable nhabitant IN the same
manner at the rates, and subject 70 the same de
the hands OF individual citizens Is subject and entitled
SIC ~" 3 The real estate Of all such banks banking
associations shall be assessed and taxed IN thu Same
manner and the according 10 values all
other real estate but in the assessment Of The shares OF
such banks banking associations ratablc allowance
deduction shall be made from the value OF such shares
for the value Of such real estate.
SIC. 3. The shares in such banks or banking asso-
caiiOns owned by non residents OF this state snail be
assessed and taxed a The city or town WHERE such bank
or banking association Is located and not elsewhere
SIC. l. When the owner OF stock IN any bank or
banking association organized uuuef tht li"H OF thi1
state or OF the United states shall not reside Ia this state
the Collector and County Treasurer shuI respectively
have the powers 10 collecting the Tax 10 be ar
sessed by this act "a they nave ny h" "heh the person
assessed has removed from the town. ward OF county IN
which the assessment was made. Aud the
County Treasurer, Receiver Of Taxes or other
officer authorized receive such tax from
the Collector may all. either Of them, have
an action collect the from the avas OF the sfc 81
his shares OF stock The tax the share or shares Of
said stock shall be and remain lien thereon TIL the pay
ment OF said tax.
assess ID under section OF this act and III additional 10
any other law OF this state not in conflict with the Con
stiution of the United states relative 10 The imposition
OF assessment and collection Of taxes II shall be the duty
lanlf
officer officers thereof after the levy Of said taXcr To
retain much OF any dividend or dividends belonging
10 the stockholders shall be essary 10 pay
any taxes assessed I'm pursuance OF Section until u
shall be made appear TO such officer or officers that
such taxes have been paid.
SIC. o. Chapter j9G Of the Laws OF ESQ 40 Tar a.
relates to the shares OF banks or banking associations
located wit hin this state and all acts and parts OF acts i'll
consistent with this act are hereby repealed.
SEC. T. This act shall take effect immediately.
The committee took the bill, listened to explanation
OF it's features by the counsel OF the banks and then ad
{ntlr4r