Smyrna times., 1893-04-26
Legislative Notes.

4,,.I Inc bills have been passed chartering tn,
wilmington City Railway Co.. Whining
ton & Chester, st. Georges s. Kirkwoo3
odessa & MiddletOwn, Smyrna q Wood.
| companies. ' ic
The Dover Light, Heat and Power Com.
pany Charter was passed, its Operations
oelng restricted to Dover and work mns,
be commenced by it within one wear
IiI Inc Dill to place the appointment OF
,Wllmington's police commission in the
hands OF the resident judge, has become ,
to go. VIII nave
n Forelgn corporations doing business in
delaware, will have to paw a tax of s50
according acc to bill passed by the House on
Wednesday. N'' Oi'
The Burlington Medical CoronaDv has
9een chartered for the cure of chronic
The National Guard bill was killed in
' vde senate on THURSDAY by Unanimous
&C. me mouse Dill to regulate the sale
Orably. 0P'r'eu uhiaV-
Inc demands of the various farmer or.
sahiIzatlons OF the state for a revision of tbe
LAX laws, were complied with bv tho Houeo
on friday, and the Fulton bill which
@ .a1eS sOnds, mortgages, and similar invest
tho tIe MS Us was passed, but may be defeated bv
FOR several years the farmers have bean
crrr,otlng Ior change in the laws. and a
uni TnlIIhlSslon was appointed to consider tho
WnoIe question of taxation. Two reporte
oJ meIe made, one in favor of taxing bonds
gnu an. ~ mortgages, while the other declared
'"&G A. the present tax laws were e0uitahia
a. Heh the Fulton bill was brought nm in
eno mouse II was at once seen that tbe
Ilo,.n OoI: ooI:, rom hent and Sussex counties
tooI' tL soli1 IN It's favor. Speaker Whiteman
v1o.N UDoA me moor IN opposition to the bill He
EasPtIo EPtoPoseu an amendment by which New
castle county would be excluded from tbo
operation of the bill Kent and SnesaV
VoIed against the amendment. while ali tba
mem me III oers from New Castle voted in tbe
1VlllrIhatlYe; a. Then the bill went through
Nen AenI ana sussex voting for the bill and
@ New castle IN opposition. The bill now
goes to the Senate.
Inc Cooch bill, providing for the i'm
PiUTelnehI OF the public roads, was made n
law , by the Assembly.
The bill to change the Wilmington Tnsti-
tnte 1te INTO full library, and allowing the
City Council Of Wilmington to make an
appropriation for it, was passed by the
- Ei4ouse ana Will pass the Senate. The
senate passed the bill to allow absolutc
iiiquor dealers to sell in quantities more
than one quart.
Inc Dill appointing road commissioners
the Senate '0"'0u OS
The bill amending the charter of the
delaware pistillery Company was altered
ana passed by both houses The law tax.
ing Whlskey manufactured in this stata
~ cents gallon, was repealed, and here
AIer dlstlllerles, should any be established
!! !llu3t i pay an annual tax of 500 in addition
10 tne usual tax on manufa ctures.
a Jolht resolution was adopted appronri-
atlng 81, aOO Of the direct tax fund for bis
services as trustee Of the SO 600 rsfnndnd LA
10 the state by the United States Govern.
ment two years ago.
College. ''S'''" ''9i""are
SUMMARY or THE TAX BILL.
me no" phi taxing investments which
iha a9SSu Soe tne b0use and Is now pending in
III the 3&enaIe' wnich Is more moderate Than
.Io luton OH and nearly as lengthy.
oohds, Judgment bonds, promissory nofes
IecoghlZanoos, stocks, Except those notes
given TO merchants in the ordinary woy oc |
lrHoe ana those given for wages( and in
general, all evidences of income-bearinr, |
investments. These are assessed fa1 |
5ouhty ana school taxes School taxas ON |
'eal estate, are taxed on rental valne and !
.'le assessment OF investments for school /
purposes, provided for in this hill is ar.l |
agous thereto. For examnIe an s13nno |
mortgage the school tax would he layieT |
principle anu '''' VII the
Mortgages are to be assessed in addition |
~ =. the property on which they are laid |
mus nus. on $4,000 farm. morteogad Co.
% OCO, the farm will be assessed for tayo-
on ~ ~ 'ts oIitIrety without any deduction
or the mortgage. Ofcourse this will be
duplication of assessment but +bo 60
hing runs all through it. S'''''e
rms bill also contemplates tho tovo.;,,,
y u Investments held by residents even
VueH Such investments represent nronertv
ry. 3" eouh-
- NeIaWarean may own farm i'm Ala
'anla @ ana mold mortgage on an adjoining
I aIIL IIt IN lhe same state. Under this bill his
mortgage becomes assessable and
aXaDle, although his Alabama far,n i o,'t
# the purlieu of the Delaware taY notb a. Hu'
rer. Other Implications and incopSTn;.
les Will suggest themselve to every reflect
ng person. '0"eo'-
The bill provides the machinery for
scertainlng all these things, and severs
enaltles for making false returns. ar for
cruising or neglecting to make returns
seturhs are to be made to the county
There is provision that where less than
nc Iegal interest is charged on mortgages
&C., the debtor may arrange with tbe go go
or to pay the tax, provided the tax and
interest combined, do not exceed G ner
ent. Al stocks of educational. beneficial
uu charitable institutions, whether incor-
GRATED or not, from which an income ia
erlVed' are to be exempt from taxation.
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