New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-18
TAXATION BILLS AT ALBANY.
SIX MEASURES PRESENTED BY TIE JOINT
COMMITTEE.
THE MEMBERS BELIEVE THAT THEIR Sue
GEsTIONs, II ADOPTED. WILL AT ONCE IN
CREASE THE: STATE REVENUES OVER
.YpoM THE REGULAR CORRESPONDENT OF THE TRIBrrSEa
$1,000 oOo-ABsTRACT OF THE BILLS.


IRON THE REGULAR CORRESPONDENT OF THE TRIB'sEa
Albany. March little Senators green rib
bcns In The buttcnholes OF their coats todaS' anu
thus hono:ed st. P,tIfch's Day.
The Joint Committee on Taxation of The senate
ani Assembly appointed by The Legislature OF 1so2
which took evidence regarding the condition OF Ia"
taxation laws -Iogl; City and elsewhere In 'hr
state last fall and I'm the winter before the L"g'la-
tire met and teen continued their work with some
new members again in New York, made their report
today With the report the members Of the com
snittee submit six ills relating TO taxation
one II the notable features Of their report IS the
recognition OF the fact that the greater part OF
taxation in hi, state Is rcal and not state t'A"uoh
The committee say. however. that TIE puhlie are
ordinarily deceived about this matter, and therefore
suggest that measures be taken clearly TO separate
local from STATE taxes. Then the public VIII uh-
ders;an1 whom 10 lod responsible for heavy TAX
bills. This idea would b. carried ont by the PIs-
sage of bills raising the income Of the state By taxing
corporations aud imposing no local taxes for State
purposes. In this the only taxes wouli BE-
local and the people would have clear idea OF who
responsible If they were increased
The six bills OF course express Tie reforma'"ry
ideas OF the Committee on Taxation. No. I'm
poses "A tax annually of oneha.f OF per cent upon
all mortgages Of over 5000 value: No. provides
that reign corpora,iors doing bushes III
this State shall pay tax q per
ccnt upon their total capital employed in
this state: No. defines under what con
ditlons local may reduce The assessed Vnn'
ton of any real personal estate: No. am'hdS
the collateral Inheritance tax by extending lis pr
visions TO tax property bcqucathcd or DEVISED
to representatives in lieu Of commissions up The
yaIue Of such property over and abcvc the com
missions allowed by law No. imposes Il graduated
Inheritance tax, and No. includes express com
panics the provisions of the taxation law OF lee.-
In concluding their report the committee say
The committee believe that the direct revenues of the
State WILL II ther suggestions enacted ~ you. ana
meet with the executive sanction star' vita an annual
increase In tie State revenues Of over !i0JooOo Thl
believe will solve the question OF taxes Tor stdr puf
pos, onJ open the way for Intelligent reform upon thr
vital topics of taxation for local purposes We confess
considerable Of heart from the opinions al hs'
entertained by us when say that the proposition u rc
licvc personal property from TAXATION presents problem
which well satisfied worthy OF caicul study uu
to which we do feel fully warranted in giving our
present further than in the direction ietomrndea
The bills embrace the recommendations contained III
the report, as follows:
Impring a tax annually OF onc-hah Of per cent upon
all mortgage, Of 500 in TAG financial on'ci
in coca county whom such ta& - pall sh"Il ''''
annually turn the money, collected by him a. mofSr7c
taNc over to the State Con,rocs afcr deducilns corn
mission Of / per cent. No mortgage paving this tan
shall be othcrwe taxable for State local furl""'
Providing that every foreign corporation doing bust
ness in thi, shall, pay TN OF oneiehth OF per
Tn, business of the corporation done In this state bas
" it, entire business upon obtaining certificate o a
thoiity the Secretary OF state auth"lAhe IL W Wv
busincs, in this State Ike shall bo paid upon all
increases OF CAPITAL of such foreign corporations Inc
Controller nN the orcrnt Of capital IN which sh
tax hall paid In the manner ~ he iNc' '' '"N
to be paid by corporation for exercising CORPORA"
franchise foreign corporation which does not scu''
such a license cannot maintain any action or recover
Hereunder in Of the courts o! this s'atr
Providing that passage OF TINS act hcs'''
Or refusal pay any shall not be punishable a con
tempt, and fire and Imprisonment Tor any such "''P's
Is hereby abolished.
Defining under wIat conditions local assessors
duce the value OF any and personal ctae set forth
in assessment roll ard othc'w!s, defining their du's
In addition compensation now nNei by a" c'N
town assessor shall be entitled to expenses Incurred whe
engaged In the performance Of hi duties Every omission
Of duty BY all shall be misd mconor ana upon
conviction. shall dsquaiiy the person so conNct 'N'r
after from holding public Office or employment IN
place wherein the tcsatos last rcsiccd In any county
which the Will is prohatcd rhali be the place whore al
taxes shall levied and paid any property he'd uhoeI
tho Of the will.
Amending the collateral inheritance law b. extend
ing provision property bcqucathcd or de-
vised TO representatives lieu OF commissions upon the
value OF such property and above the commissions
allowed by law. Beneficial interest in any personal prop
crty thcrcrom shall u Tor IN Use
OF any father mother hu- and wife, chii brother 'tr
wife or widow OF a SON the husband OF daughter, o.
any child or children adopted such. or to any person
10 whom the deceased. for not less than ten years prior
IA death stood mutually acknowledged relation Of
parent or linca descendant bora In wcilock; IN
every such rotc shall DC III 500
| I'm 10 the amount Of 100000; all sums between
400 900 such shall b. a. every 800
OF the clear value OF such property and Oh ali
sums Of 100000 the shall BE- ~ 30 on evfy
500 OF the clear market value Of such property When
the beneficial interest real property or any nco"
thcrefrom shall pass above mentioned In the case Of
personal property in such the rate OF such N
| Of
such property provided tina: estate which may De-
valued at less sum $50 coo shall not b. subc TO
any such duty or tax all other the rat shall
be IS Oh each 400 OF the clear market value OF real
| ami personal property.
Including expess companies within the provisions OF