The Washington times., 1902-01-08
DRAFT OF THE PROPOSED PERSONAL TAX
LAW FOR DISTRICT PROPERTY OWNERS.

the person, corporation or company MAX
ing affidavit shall in each case be given
| below his, its or their signature and
thereupon said Board of Personal Tax
Appraisers, or any one of the members
thereof. shall assess said property at its
| fair cash value and enter the same in
the columns upon said blanks provided
Tor that purpose, and the amount thus
ascertained shall be entered upon the
| books for taxation for the fiscal year be-
ginning July 1.
Appraisers to Assess.
/, Provided further. That if the said
| corporation. company, administrator, ex-
| ecutor. guardian or trustee shall fail to
make and deliver to the Assessor or one
OF the said appraisers, within thirty days
| AFTER the last advertisement Of the no
tice hereinbefore required, the schedule
OF his or Its said personal property
owned held in trust or otherwise, as pro-
vided for-in this section, then the said
| board OF Personal Tax Appraisers herein
| before provided for, shall, without DELAY,
| from the best information they can pro-
| cure, make an assessment against such
| person, hrm, association, corporation,
| company, administrator, executor, guar
dian, or trustee, TO which they shall add
per centum thereof
Right to Reject Returns.
Provided further, That IL the said
Board of Personal Tax Appraisers be not
SATISFIED as to the correctness of the re-
turn OF personal property made by any
person, hrm, association, corporation,
company. administrator, executor guar
dian, or trustee, said board may reject
said return. and said board, or any one
OF the members thereof, may, from the
pest information he or they can procure
or by making such an examination of the
personal property as may be practicable
assess the same in such amount as may
10 MIN or them seem just; and notice of
the rejection of the sworn return shall be
gwen III said return, and in all such cases
there shall be right of appeal from the
action taken by said appraisers to the
board OF Personal Tax Appeals herein
after provided for or to their successors
IN ONCE. within fifteen days after delivery
OF SAID notice Of rejection as aforesaid;
and the action OF said Board of Personal
Tax Appeals shall be final.
False Anidavits.
And provided further, That II any
person, firm, association. corporation,
dian or trustee shall make false affi-
daNit touching the matters herein pro-
vifed for, he or they shall be deemed
guilty of perjury, and upon conviction
thereof, shall be subject to the penalties
Tor that offence now provided by section
SoS of the Code Of the District of Co.
lumbia.
business Houses and Banks.
in nf
every description shall pay to the Col
lector of Taxes of the District of Colum-
bia an amount equal to $40 per 1000 on
the average stock in trade for the pre-
ceding year.
Each national bank. as the trustee of
its stockholders, through its president or
cashier, and savings banks, private banks
and bankers, through their proper Off
GERS, shall make affidavit as to its and
their gross earnings for the preceding
year, ending June 80, each year to the
Board OF Personal Tax Appraisers. on or
before the 18th day of July in each year
and shall pay to the Collector of Taxes
of the District of Columbia sum equal
to " per cent of its aud their gross
earnings as aforesaid.
Tax on Hotels.
Companies not incorporated, such IS
hotel companies, and proprietors of ho-
tells, shall pay sum equal to $40 per
81 600 on the assessed valuation of their
furniture, in lieu of license on rooms.
miscellaneous Companies.
Express companies, parcel delivery
companies, ice companies title COM
panies and building associations. not in
corporated, through their respective
president, secretary or treasurer, shall |
make affidavit as to it's or their gross
80. to the Board of Personal Tax Apprais
ers, or before the 18th day of
July in each year, and shall pay to the
Collector of Taxes of the District of Co.
lumbia a sum equal IL per centum of its
and their gross earnings aforesaid.
All other Corporations.
THE capital stock of all corporations,
other than those herein otherwise provid-
ed for. organized in the District of Column |
bia or under the laws OF any of the States |
or Territories of the United States. chiefly |
for the purpose of and transacting busi |
ness within the District of Columbia, ex- |
cept those exempted by the laws relating |
to the District of Columbia, shall be ap- |
praised in bulk at its fair cash value by |
the Board of Personal Tax Appraisers
and the corporations issuing the same |
shall be liable for the tax thereon ac- |
cording to such value. and shall pay to |
the Collector of Taxes of the District of |
Columbia sum equal to so per 81, 900 on
the assessed valuation thereon; but from |
the assessed valuation of said capital I
stock shall first be deducted the value of |
any and all real estate owned by any |
such corporation in said District which |
real estate shall be separately taxed |
against said corporation.
Laws Not Affected.
Provided, That nothing in this act con-
tanned shall be in any way construed to
affect the laws in relation to the tax on
street railroad companies or the act of |
Congress, approved October /, 1880, for
the incorpora tion of trust, loan and mort
gage companies, or section $50 of the code
of the District of Columbia.
Personal property, not in said District
Mn r