The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-03-27
UPPER MARLBOROUGH MARYLAND MARCH e. 1885,
The New Assessment Bill.

The new assessment bill, which follows
closely upon the line of the famous Hayes
bill of two years ago passed both houses
of the General Assembly Tuesday, and
was placed in the hands of the Governor
before midnight. The bill that is now be-
fore the Governor is a compromise meas
urc between the Bankard House bill and
the Herring Senate bill aged upon by the
conference committee of the House and
Senate. 1t is thought more than likely
that the Governor will atfiX his signature
to the bill at an early date as he has al
ready expressed himself as rather in favor
of it.
SOME OF ITS FEATURES.
Shares of stocks are assessed to the
owners where they reside.
All personal property in which any res
ilent of the State has an equitable inter
est with the legal title to the same in some
other person or corporation who is anon
resident is also subject to taxation in this
State. As are all bonds issued by any
State or Territory, bonds of corporations,
private securities, real property and the
personal property not having capital
stock divided into shares.
Bank and other stocks are to be taxed
upon the valuation of the tax commission
er for 1896, and this valuation is to be sent
to the assessors The valuation of stocks
is to be returned by the assessors to the
tax commissioner.
Mortgage bonds of corporations are al
so subjected to taxation, according to the
provisions of the bill, and the tax on bonds
issued by corporations which promise to
pay such tax shall be collected from the
company and not from owner of the bonds.
-
The following are among the exempt
ions from taxation:
United States bonds or the property of
the United States, the State or any county
or city
Houses used exclusively for public wor-
ship parsonages, grave yards, cemeteries
not used for profit.
Crops in the hands of producer or his
agent.
Tools of mechanics worked by hand
power.
Farm implements to the value of $500
Wearing apparel. except diamonds and
costly jewerly not habitually worn
Hospitals and charitable institutions.
eIuc,t;,n,l institutions and ~. ,,,,oL a.,
forty acres attached thereto
Book accounts of merchants paving tax
on average value of stock in trade
and every person engaged in commercial
business shall pay tax on the avera re val
ne of his stock in trade
The exemption of homestead or building
association shares was stricken out.
~
y tax OF per cent. upon the revenues
of mort ageS is imposed-one- fourth to 90
to the State and three fourths to the coun-
~ or city or to be PAYABLE where the
mortgag is recorded. Provision is made
for the manner of collecting this tax and
penalties provided for its evasion. the
mortgage itself being subject to sale for
ii'ii- pa VI tdNcS all GOV cIltHtS
by the mortTa to pay the tax to be null
and void. Where the mortgagOr has to
pay the tax on existing mortgages he is to
get credit when he pays taxes on the
mort gagged property. The mort ga gee
must make oath that he has not and will
not require the mort gOr to pay the tax
Clerks of the Circuit Court are to render
lists of all un realized mort cages
There is to he one assessor in each
election district of the State to be appoint
ed by the county commissioners. The cleo
ton districts are grouped into assessment
districts, for each of which there are two
assessors at large to he appointed by the
Governor. by and with the advice and
consent of the Senate One is to represent
each party and to be selected by the
Governor from three names furnished to
him by party committees These two
assessors al large act in con JUNCTION with
the district assessor in the several dis
tricts. The assessors are to receive 81 Il:
day. The expenses of assessment are to
be paid for by the city and counties, respec-
lively.
The work of reaSSeSsment will begin on
the first Tuesday of June next and be
completed by the first Tuesday of Septem-
Der. The Governor may extend this time
to the first Tuesday of October.