The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-03-01
Especial to the Messenger

provides a tax of q cents for state, 4
for pensions and Is for schools.
In cas- n corporation fails to make
returns and pay it's axes it's valua-
ton shall be estimated and an account
made for the taxes, penalty and inter-
est from which there shall be no right
of appeal.
No property in the state belonging
TO any foreign corporation is to be ex-
empt from taxation.
All corporation taxes are payable to
the state treasurer direct.
Clerks of court are agents Of the
state for collection of inheritance tax
and are liable on their bonds for it.
The theatre tax for Wilmington is
$500. Theatrical companies are taxed
SIC, circuses 5000, doctors, dentists and
lawyers So. No additional license tax
to be levied on them. A~uctioneers,
real estate agents, junk dealers, butch
ers, wood and coal dealers, $40 for a
place the size of Wilmington; photog-
raphers, lumber dealers. COLLECTION
agencies, I%aundries, undertakers, deal
ers in second hand clothing, mer-
chaRdise brokers SO; shipbrokers and
steam laundrieS $40; livery stables 0O
cents for ach horse or mule kept;
sewing machines $3.50; peddlers on foot
$40 for each county, with teams $50;
state or private banks $3.50 on each
81 0 ( capital; slot machines gam
bling) 800, those with fixed returns
$3.50; d~ispensaries % per cent of net
profits; social clubs which sell or give
liquor, 81 for each member.
Boards of county commissioners
may" grant liquor licenses. Cigarette
manufacturers are X u cent per
LOCO: retailers 50 annually; dealers
in pistols so.
The merchants tax is: Retail, ~
license and 5 cents on each $1,000 of
gross business transacted; wholesale,
So license and 212 cents on each SlOV OF
gross business transacted.
The privilege a on railways whose
gross earnings are 81 900 per mile is
50 per mile; up to $4,000, So per mile;
up to So, 900. 81 per mile, over $4,000, 80
per mile. No other tax under this sec
ton is to be collected.
Express and telegraph companies
pay = per cen
The franchise tax (annuaD on cor
porations railways, banks, banking
and loan associations. insurance, tele-
graph. express and telephone compa-
nies) is from s. on S25, 600 paid in up
to $500 on 81, 600, 900.
Your correspondent obtained a proof
of the bill and sends the following
sections:
BUILDING AND LOAN ASSOCIA-
TONS.
The secretary of each building and
loan association, organized and con-
, Quoting business in this state, Shall
list for taxation on the first Monday
in June each year the shares at the ac~
N.1oI v-alrrn nc ShnyCn nv the hooks He
shall deduct from such valuation the
actual value of the shares upon which
the association has made real estate
loans, and which have been pledged
as security therefor. 1t is expressly
provided hat the secretary of each as
ISOLATION shall show in detail or by Sc
ries on the tax list the actual value
of all shares and the actual value of
the shares upon which real estate
leans have been made, and which nave
been pledged to the association as Sc
curity therefor. The secretary shall
pay to the state treasurer by h LIST
day of July in each year the state tax
and to the sheriff or tax collector of
the county in which the association is
located, the county and school tax by
the 18th day of September in each
year. No other tax or assessment
III be levied on the association or
shares therein.
INHERITANCE TAX.
From and after the passage of this
act all personal property, of whatever
kind and natures, which shall pass by
will, or by the interstate laws of the
state from any person who may die,
seized or possessed of the same while
q resident of the state, whether the
person or persons dying seized thereof
be domiciled within or out of the state
80 1AAD1N-E ~@X - .A-sI@~N - =
the state at the time of death, such
property or any part thereof within
the state, or any interest therein or
income therefrom, which shall be
transferred by deed, grant, sale or
gift, made in contemplation of death
of the grantor, ~bargainor, donor, or
aSSignor, or intended to take effect in
= possession or enjoyment after such
death, to any person or persons or to
bodies corporate or polite in trust or
otherwise. or by reason whereof any
person or body corporate or polite
shall become bepeficiarily entitled in
possession, or expectancy to any prop
erty, or income thereof, shall be and
hereby is made subject to tax for the
benefit of the state as follows: Where
the whole amount of the legacy or dis
tributive share of personal property
shall exceed in value $4,000 and not ex-
coed $4,000 the tax shall be-: First,
where the person or persons entitled
to any beneficial interest in such prop
erty shall be a lineal issue, or lineal
ancestor, or brother or sister to the
person who died possessed of such
property Is aforesaid, at the rate of
IS cents for every 500 of clear value
of such interest in such property;
second. where the person or persons
entitled to any beneficial interest in
such property shall be a descendant
of a brother or sister of the person Who
died possessed, at the rate of S1.50 for
every 500 of clear value OF such inter
est; third, where the person or persons
entitled to any beneficial interest in
such property shall be a brother or sis
ter of the father or mother or a des-
cendant of a brother or sister of the
father or mother of the person who
died possessed as aforesaid. at the rate
OF s. % for each and euerv S1nn of cIear