New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-11
COMMISSIONERS REPORT.
SEND INFORMATION TO ALBANY ON
WHICH FRANCHISES MAY BE TAXED.
STATE AUTHORITIES HAVE UNTIL APRIL
TO FILE VALUATIONS WITH LOCAL
DEPARTMENT.


The Tax Commissioners of this city have sent
TO the State Commissioners of Taxes and Assess
ments complete information en- which the fran
chises and other property OF corporations may DC
taxed real estate under the Franchise Tax
law. The State Commission will nave ul'
April 20 to file with the local Department the vaua-
lions OF the franchises TO be taxed. Meanwhile the
Legislature may make amendment to the Ia"
by which the power TO fix the valuations VIII DC
lodged with the local Department or may give an
increased appropriation to the State Commission
ers for clerical work connection with the prep
aration of lists of franchises to be taxed
About month ago Thomas Il. Feltrer, the presi-
dent of the local Tax Department, sent to the
State Commissioners a letter calling their atteh-
ton to the fact that the assessments for real
estate in this city closed on the first Mon
day in January and that after that day no as
sessments for real estate could be placed upon
the tax books of the city. He thought question:
might be raised as to the power Of the Commits
sioners to place the books the assessments 10
be made by the State Board under the Franchise
Tax law. ]. Newton Fiero. the counsel lot the
State Board, contended that the assessments were
not completed for the city until May l, and thaF
the State Board would have until ten days before
that date to file the franchise tax assessments Al
torney General Davies gave an opinion to that
effect and the State Board in reply to MI Fellher
stated that the franchise tax lists would not De
filed until April.
The State Board Is understood to be crippled
by lack of appropriation prepare the franchise
tax lists The sum of $4,000 appropriated
but that is said to be wholly insufficient IheITe
is talk of increasing the appropriation 10 S VUg
Mr. Feitner said the other day that me Se to
amend the law so as to give the power TO make tne
valuations Of franchises to the LOCAL DepaT tbIe
If that done he says, there Will De no trouDiie
about the collection OF the franchise tax In TINS
city this year. - ADa,,s
The local Department has placed on the books
all the real estate In the city to be taxed put
has deducted the real estate and other pTopte per-
OF corporations to be taxed under the new law
The amount OF assessed valuation so taken lr rs
the list of valuation Is more than 800,
100000 If the valuations of the local Deparo
are taken by the State Board ana the IRA
lists filed in time by the state B9 ga o., S
CITY will get the benefit of the tax on the SooO9VD
The Commissioners of Taxes and Assessments 40
not believe that there will be a failure TO ooilest
the taxes on the property of the corporations pc
cause there is time enough for the preparation
of the franchise tax lists. 1-.t.4aa
The report of the Joint legislative comm 6y
n Taxation is looked for with much interest," ~
the Tax Commissioners of the city. Mr. feitne-
said yesterday that he had not paid mucn aJt In
tion to the tax recommended tons of state ConToIieI
Morgan because he believed the Joint leglsa' I
committee would make the recommenaatlIrrthe OF
which tax legislation would be enacieq; ne Is ~
port of the committee to the Legislature Is ca
pected next week.