The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-03-24
RAISES NEARLY ST, 700, 600
The Taxes Upon the Many Occupa-
tions of the People.
THE INHERITANCE AND THE INCOME TAX
The New Features of the Bill as it Comes From
the General Assembly. Its Provisions
Mean There VIII b. no Deficit
in the State Treasury.

IN Inc Stale treasury.
1t is. estimated by Representatives Viii
lard, of New Hanover, and Page, of Mont
gomery, that the Revenue bill of 1901 will
bring to the State Treasury about ont
million seven hunred thousand dollars
This money is to be expended for the
conduct of the State Government, the ap
preparations to charitable and penal in.
stitutions, the interest on the four per.
cent consolidated debt of the State anC
for other specific appropriations made BY
law.
The necessary funds are to be raised
by the levying and collection of the fol-
lowing taxes:
SCEDULE A.
tween the ages of q and 50--For educa-
ton and support of the poor, $1.29.
Ad Valorem Tax-On each $10O valuation
OF all property required to be listed by
iaw-Fcr State purposes, q cents; for
pensions, cents, for public schools, Is
cents; total 43 cents
No municipal corporation allowed to
impose tax more than ! per cent on real
and personal property, except by authori-
ty of the General Assembly.
Inheritance Tax.
When legacy is from $4,000 to 5000
When beneficiary is lineal issue, lincal
ancestor, brother or sister of the deceased,
on every 500 given, IS cents.
When beneficiary is descendant of
brother or sister of deceased, on every
500 given, $1.50.
When beneficiary is brother or sister
father or mother of deceased, or descend
ant of these, on every 800 given, $500.
When beneficiary is brother or sister
of grandfather or grandmother Of de-
ceased or descendant of these, on every
500 given, $500.
When beneficiary is of other relation
ship or stranger in blood to the deceased.
on every 500 given, $500.
cmption-Property passing to hus-
band or wife or for charitable or educa-
tional purposes is exempt from this tax.
When legacy is between five and ten
thousand dollars, the tax as above is to
be multiplied by one and one half. From
ten to twenty-five thousand, multiply By
two. From twenty-five to fifty thousand
multiply by two and one-half. All above
fifty thousand to be multiplied by three
provisions for collection.)
Income Tax-On all excess of gross in
come over legal exemption, l per cent
Exemption on property already taxed, OF
incomes less than one thousand dollars
No inheritance or income tax to be levied
by any city, town. township or county.
crIIrTaIYT ~ ID
Theatres. Exhibitions for profit, city
Of more than ten thousand inhabitants
per year, $4,000; between five and ter
thousand. per year, 100000; between
twenty-five hundred and five thousand
per year, $4,000; between one thousand
end twenty-five hundred, per year
$500; Less than one thousand, per year
$t5C0. Half of above to State and hal
to county.
Travelling Theatrical Companies.-lr
unlicensed hall, each performance, $1,000
Circuses, Menageries, Etc.-Circus, OF
circus and menagerie, each day, 100000
side show, EACH each day, $4,000; othel
shows, where animals are exhibited, OF
trapezo or juggling performances given
each day. $4,000. Power is given count!
commissioner to fix tax not less thar
above or more than one thousand dollars
All exhibitions or entertainments solel,
fer religious, charitable or educationa
objects are exempt.
Attorneys, Physicians, Dentists, Ocul
lists, Opticians-Annual tax, $500. M
city allowed to levy additional tax.
Auctioneers.-All auctioneers VIII
charge for service: In city or town o
fifteen thousand or more inhabitants, an
nual tax $4,000; between ten and ffteel
thousand inhabitants, $1,000; between fiv
and ten thousand inhabitants, $1,000; be
tween one and five thousand, $500.
Real Estate and Rent Collecting Agents
Also all persons who draw deeds an
contracts or assume TO attend to othe
legal business fer compensation: Sam
as auctioneers.
Dealers in Fresh Meats.-For each plac
Of business, same as auctioneers. Not t
amply to farmers vending their oW
products. and without regular place c
business.
Wood and Coal Dealers. Wholesale Q
retail, same as auctioneers. Not to az
ply to those who sell less than 100 cord
of wood a year, or to persons who Gu
and haul their own timber.
Photographers, Lumber Dealers, Under
takers, Laundries Except steam, half
tax on auctioneers.
Steam Laundry as auctioneer'
Collection Agencies and Dealers
Second hand Clothing Annual license ia
of $500.
Junk Dealers Same as auctioneers.
Horse Dealers.-All who buy or sell a
a business, annual tax of $500. No ia
to the county
Peddlers Of Clocks, Stoves, Ranges
For each county in which they peddl,
annual tax of $4,000. No tax to town Z
county.
Peddlers of Eyeglasses or Spectacles.-
For each county in which they peddl
annual tax Of $1,000. No tax to town {
county
Bicycle Dealers.--All dealers in bicl
eles or bicycle supplies in cities of 12.0'
or over, annual tax of $1,000; less tina
1900, annual tax of $500. Not to app
to persons repairing bicycles exclusivel
Dealers in Theatre Tickets-To all dea