Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-06-13

/ ana snail pay to the collector OF taxes OF
I the District of Columbia q sum equal to
| one and one-half per centum on the as
| sessed valuation thereof: but from the as
seSSed valuation Of such capital stock shall
first be deducted the value of any and all
real estate owned by such corporation In
| said District, which real estate shall be
separately taxed against said corporation.
Provided, That nothing in this act con-
tanned shall be construed to include news
paper. real estate and mercantile COM
panies, which by reason of Incorporation
receive no special franchise or privilege;
but all such corporations shall be rated,
assessed and taxed as individuals conduct
Ing business in similar lines are rated. as
sessed and taxed.
Property Which Is Exempt
The following personal property shall be
exempt from taxation:
First. The personal property of all L.
brary, benevolent, charitable and scientific
institutions incorporated under the laws Of
the United States or Of the District OF CO.
lumbia.
Second. Libraries, school books, wearing
apparel. articles Of personal adornment all
family portraits, heirlooms and art collec-
tons.
Third. Household property and other be-
longings In use In any dwelling house of
the value of 81 600.
That said two appraisers hereinbefore
provided for, with the assessor of the Dis
trict of Columbia as chairman shall COM
pose board Of personal tax appeals, and
shall convene on the 18th day Of Novem-
ber 1t shall be the duty Of the board Of
personal tax appeals, between the date Of
converting and December 10 of each year,
to hear appeals made by any person or per-
sons against the assessments made by the
board of personal tax appraisers and to
impartialy equalize the value Of said per-
sonal property as a basis for assessment.
When Taxes Are Not Paid.
That when the taxes on personal property
due and payable in each year shall not be
paid on or before the list day of June, then
the collector Of taxes Of the District Of Co
ltrnbia may distrain sufficient goods and
chattels found within the District of Column
bia and belonging to the person charged
with such tax to pay the taxes remaining
due, under the provisions Of this law from
such person, together with the penalty
thereon and the costs that may accrue; and
for want of such goods and chattels said
collector OF taxes may levy upon and sell
at auction the estate and interest of such
person In any parcel Of land in said Dis
trict.
Said collector shall report in detail, in
writing, every distraint and sale Of per-
sonal property to the Commissioners Of the
District Of Columbia or their successors in
office, and his accounts in respect to every
such distraint or sale shall forthwith be
submitted to the auditor Of the District Of
surplus resulting from such sale over and
above such taxes, costs and expenses shall
be paid into the treasury, and upon being
claimed by the owner owners Of the
goods and chattels aforesaid shall be paid
to him or them upon the certificate of the
collector Of taxes, stating in full the
amount Of such excess.
Collectible With Taxes on Real Estate.
That all taxes levied under the foregoing
provisions Of this section shall be due,
payable and collectible at the same time
and times as the general tax on real estate
in said District, and shall be subject to the
same penalties for non-payment thereof un-
til distraint or sale as hereinbefore pro-
vided.
That private banks or bankers not in
corporated shall pay tax of $500 per an
mum. Every person, firm company or as
ISOLATION not incorporated having a place
Of business where credits are opened by
the deposit or collection Of moneys or cur
rency subject to be paid or RENTED upon
draft check or order, or where money is
advanced or loaned stocks. bonds, bull
lion, bills of exchange or promissory notes
or where stocks, bonds. bills Of exchange
or promissory notes are received for dis
count for sale, shall be regarded as a
private bank or banker.
Brokers and Bankers
General brokers shall pay a tax of 800
q
or association not incorporated Except in
surance and real estate brokers acting as
such) that solicits business from the general
public by advertisement or otherwise, and
that purchases, sells, or negotiates for 9TH
ers securities, shares, stocks, bonds, ex-
change, bullion, coin, money, bank notes,
or promlssory notes, or that dc ais In futures
on market quotations of prices or values
on merchandise, shares. stocks, bonds, or
other securities, or accepts margins on
prices or values of said shares, stocks.
bonds. merchandise. or securities, shall be
deemed a general broker: Provided, That
the Washington stock exchange, through
Its president or treasurer, shall pay to the
collector of taxes Of the District Of CO.
lumbia sum equal to $500 per annum In
lieu Of tax on the members thereof: Pro-
vided further, That any broker who Is a
member of a regularly organized stock ex
change located outside of the District Of
Columbia and transacting a brokerage
business therein. shall pay sum equal to
800 per annum to the collector of taxes of
the District of Columbia: And be it further
provided, That If any person firm shall
have paid the tax in this section provided
for banks and bankers, such person or firm
shall not again be taxed as broker or
brokers'
Par. Is. Note brokers shall pay a tax Of
$500 per Annum Every person, firm, COM
pany or association not Incorporated lex
cept private banks and bankers) that loans
money on promissory notes without real
estate or collateral security or advances
money on personal property as security
without possession of said personal proper
ty shall be deemed note broker.
Par. 16. The taxes for said private banks
and bankers. general brokers, and note
brokers shall be paid to the collector Of
taxes of the District Of Columbia and
shall date from the first day of July in each
year and expire the Both day of June
following. Said taxes shall date from the
first day Of the month in which the liability
begins. and payment shall be made for q
proportionate amount.
Par. IT. Any person or persons violating
any of the provisions Of this section shall
be liable to a penalty Of not exceeding $500
for each offense, said penalty to be imposed,
upon conviction in the Police Court Of the
District Of Columbia, as other fines and
penalties are imposed. and said court is
hereby invested with Jurisdiction thereof;
and in default OF the payment Of said pen
atty the person or persons 50 convicted
shall be imprisoned. In the discretion Of the
court, not exceeding six months.
To Carry Out Provisions.
Par. 10. That the Commissioners of the
District of Columbia be, and they are here
by. authorized and directed to appoint q