The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1896-03-27

railroads sLull he taxed for county and mum
cipnl purposes as the property of individuals
No extra valuation is to be levied upoi
bridges over streams forming part OF tn
roadbed of any railroad or turnpike, but the
shall lie valued as any equal portion of th'
road is valued. Tunnels and subwuys are Il
ne assessed at their actual worth.
Bank and other stocks are to be taxed upon
the valuation of the tax commissioner fol
! 1906. and this valuation is to be sent to the as
SCISSORS. The valuation of stocks is t" he TT
turned by the assessors to the tax commits
siuner
Mortgage bonds of corporations are also
| subjected to taxation, according to the pro,
visions 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 the owner of the bonds.
| Nothing in the act shall repeal or modify
| the code relating to the taxation Of savings
| banks nor the act of 1892 relating TO the tax
ON distilled spirits.
The following are among the exemptions
from taxation:
nitcd States bonds on the property Of the
United States, the state or any county or city.
Houses used exclusively for public worship,
pur,onages. gravcyarlS, cemeteries not used
for profit.
Crops IN the hands of prod ucer or bis agent.
Tools Of mechanics worked 10y hand power.
Farm implements to the value of $500
Wearing apparel, except diamonds and
costly icwciry not habitually worn.
Fish IN possession of fishermen,
Hospitals and charitable institutions, edu
,.aiiona, institutions and ~ much As forty
acres attached thereto.
Personal property OF Il corporation in this
State whose shares are subject to taxation
The shares of railroads Incorporated in the
state which pay tax on gross receipts and
county and municipal tax.
Book accounts of merchants paying tax on
average value Of stock i'll trade and every
person engaged in commercial business shaii
pay tax on the average value Of his stock i'll
trade
The exemption of homestead or building
association shares was stricken out.
The president OF every corporation doing
business in the State must furnish to the
County Commissioners or Appeal Tax Court
a statement of real estate owned, and the val
uation of this real estate is deducted from the
total value of stock. rs at present. The shares
OF stock are TO be valued for county and mu-
nirjp.i purposes to the owner in the county
or the city in which lie resides. The tax on
shares owned 10y noE-residcuts shall for
county and municipal purposes be taxed
where the corporation is situated, and the tax
shall be collected from the corporations, aid
may he charged by the corporation to the
stock holder.
All steam railroads doing business in Mary
land shall be subject to the tax on gross re-
ceipls.
\ tax of 3 per cent. upon the revenues of
mort gagcS Is imposed -onc-fourth to go to the
State and three ourths 10 the county or city
or to be payable where the mortgage is record
ed. Provision is made for the manner of col
lecting this tax and penalties provided for its
evasion, the mortgage itself being subject to
sale for non-payment of taxes ard all cove
nantS 10y the mortgagOr to pay the tax 10 lie
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 mortgaged
The mortgage must make oath
that he has not and will not require the mort
aasor to pay the tax.
Clerks of the Circuit Court are to render lists |
of ali unrcaIiZcd mortgages.
There is to- be one assessor in each election
district of the State to he appointed by the |
County Commissioners. The election districts |
are grouped into assessment districts, for each |
of Inch there are two aSScSsurs AT large to be |
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 at |
large act in conjunction with the district asses
Sor in the several districts.
The County Commissioners act as boards OF |
control and review. For Baltimore city all the |
assessors are appointed hg the Governor. Each |
ward Is an assessment district and there is an |
assessor for each precinct in addition to the as
SCISSORS AT large. There are six boards of con-
troll and review for the city. and they are all |
appointed by tie Governor.
Tie assessors are to receive 81 day. The |
expenses of assessment are to he paid for hy |
the city and Coputics: Respectively.
The ..o.!l of rcassessment will begin on the |
first Tuesday Of June next and he completed |
by the first Tuesday of September The Cover |
nor may extend this time 20 the first Tuesday |
Of OGlobcF
This new assessment sEa!! not Eu used for |
taxation IN the year 1886.
whether Governor Lowndes will veto this |
bill OF not time and the Duke Of Wellington
will alone determine but we think the Duke |
have thp