The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-02-28
TAXATION ~ SOrTH CAROLINA.
4 Biil Imposing License Fees on All Kinds or
iiusincss-i Proposed Income Ta,.

COLUMBIA, :. C.. Feb. re" Every person.
firm, company, or corporation engaged, or in.
tending Ia engage, in business in this State shall
obtain on or before May |, 1897, "A license.
Every person. Arm, company, or corporation
commencing business after May | shall obtain IA
license"
Tina, is the frs, section of a bin which is being
discussed from day today !nthc Iegislaturcn as a
special order, and Is receiving the attention OF
the public. 1t is one Of the three special revenue
bills introduced by the administration. II covers
every imaginable trade. profession, or occIIpa.
patton except farming, from that OF washer.
woman, taxed ~ II year. tn express and Pullman
ear companies, taxed $500 n year each. Circuscs.
exclusive OF country and city licenses, must may
the Stat" $500. Lightning ROD agents and clock
%peddlcrs canno; do business except under
n 800 license. Newspapers ar" taxed ~
On each 1000 circulation. Banks will he
required to pay ~ for each 10000 OF capital.
surplus, and undivided profits. \ grcut numho
OF Iili's o!, business are taxed according 10 the
number ut inhabitants Of the town In " which thuN
ARE conducted, aud merchants are required to
rny, taxes according To their sales. Application
Tor licenses must he mad" IL the county auditors.
nbeyrd, and penalties are proyidud FOR attempts
To nvRdc ia provisions.
The income AK bill is also being considered
ana yin ~ al wohnbllily he passed. Its first
THAT from and after Ian. /. ls9s, there shall
be annually assessed, levied. aud collected mon
the. gains, grOsS profits, and income receive cd
during the preceding calendar wear hN every
ciliz"n OF this state, whether such gains, profits,
~ income he derived from amy kind OF urnnrr;y'
rcnis, dividends, or salaries, Or from uny trade.
employment or vocation carried ON in this Stale.
OF IiOin any other source whatever, u tax of 1 MGR
cent INN M derived over and above ~, 800 md mn
70 Sa,OoO; ] y per cchtum on 50 ,O0OHnd Ovcruptu
Kt,1Oo; = per ccntuIn on ~. 800 ana over, IN TO
TlO,uOO; 2t2 per ccntum on $4,000 aud over. IN
10 Slb,OOO; = per Centum ON .El5, 900 and over.
ana "a ike tax shall be- assrGScd, levied, and col.
lccted annually upon the gains, profits, and in
comes from all property owned, and every bust
ness, trade or profession carried on in this State
by persons residing without this State, excepting
such corporations as are hereinafter cNCcptcd:
provided, that In estimating the gains, profit
and income there shall not bc included interest
upon. such bonds and securities OF this State or
the l. nlted States the principal and IntCrcSt OF
which arr, by the law for their Issue exempt from
taxation"
The third special revenue bill provides for
raising the, LICENSE of certain companies. The
burden falls heaviest on insurance people. Ii
provides that In addition to the license leo now
charged, every foreign insurance company OF
whatever class, not Incorporated under ihu laws
or this state, except benevolent institutions
operating under the grand lodge system, shall
Do required to pay to the state Treasurer, quar-.
terly, Hs an additional license fee, an amount
equal TO One'half of ! per cent. on the gross In.
come or gross receipts which the company has
collected during the three months preceding.
A refusal to comply or an evasion OF the law
VIII DO punished by a forfeiture Of the right TO do
business In this State.