Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-06-13
PERSONAL PROPERTY TAX.
Provisions Of the Amendment Added
by Committee


ing for taxation of personal property in the
District of Columbia, in effect, follows:
That the Commissioners of the District of
Columbia be directed to appoint, to take
effect July 1, 1902, two competent persons,
at annual salaries of $1,000 each, who, with
the assessor of the District OF Columbia
as chairman, shall compose board of per-
sonal-tax appraisers for said District Of Co.
lumbia. Said appraisers shall have been
bona f1de residents of the District of Co.
lumbia for at least five years prior to the
date of their appointment, and, under the
direction and supervision of the said as
SCISSOR. they shall assess personal property
in said District as follows:
Bank Schedules.
That hereafter the assessor of the District
of Columbia, or his successor in office, shall
annually cause to be prepared a printed
blank schedule of all tangible personal
property and all general merchandise or
stock in trade, owned or held in trust or
otherwise, subject to taxation under the
provisions of this section, and of the classes
of corporations and companies to be as
sessed, together with the rate of tax pre-
scrbed to which shall be appended an
afndaVit in blank setting forth that the
foregoing presents full and true statement
of all such personal property, taxable cap
ltal or other basis of assessment, or either,
DIS lHe case may De. w hen SAID schedule Is
ready for delivery notice thereof shall be
given by the assessor by advertisement for
three successive secular days in one or
more of the daily newspapers published in
said District, and copy of said schedule
snail be delivered to any citizen applying
therefor at the Office of the assessor. Every
person, association, corporation, firm or
company in said District liable to taxation
hereunder, and every association, company,
executor, administrator, guardian or trus-
tee holding personal property in trust liable
to taxation hereunder, shall, fill out the
proper blanks in said schedule with a fun
and true statement; and the address in the
District of Columbia of the pAr-
son, corporation or company making
affidavit shall in each case be given, and
thereupon said board of personal tax ap-
praiserS or any one Of the members there
of, shall assess said property at its fair
cash value and enter the same in the
columns upon said blanks provided for that
purpose. and the amount thus ascertained
shall be entered upon the books for taxa
tion for the fiscal year beginning July l.
1902 and each fiscal year thereafter Pro-
vided, That If any person shall fail to make
and deliver to the assessor within thirty
days after the date of the last advertise
ment of the notice. the Schedule of his per-
sonal property, then the board of personal
tax appraisers hereinbefore provided for
shall without delay, from the best infor-
nation they can procure, make an assess
ment against such person, to which they
shall add per centum thereof
When Schedules Are Incomplete.
That if the said board of personal-tax
appraisers be not satisfied as to the cor
rectness of the return of personal property
made by any person, said board may reject
said return, and may, from the best infor-
nation they can procure, by making
such an examination of the personal prop
erty as may be practicable, assess the
same in such amount as may seem Just
and in all such there ba1 ha iubt
OF appeal from the action taken by said
appraisers to the board of personal-tax ap-
peals, hereinafter provided for. That If any
person shall make a false affidavit touching
the matters herein provided for he shall
be deemed guilty of perjury, and upon con-
viction thereof shall be subject to the
penalties for that offense now provided by
section S5S of the code of the District of
Columbia.
Rates of Taxation.
Par. g On all tangible personal property
assessed at a fair cash value lover and
above the exemptions provided In this sec
tion), including vessels, ships, boats, TOOLS
implements, horses and other animals, car
riages, wagons and other vehicles, there
shall be paid to the collector of taxes of the
District of Columbia ~ per centum on the
assessed value thereof.
Par. 3. Dealers In general merchandise of
every description shall pay to the collector
of taxes of the District of Columbia 1ls per
centum on the average stock in trade for
the preceding year.
Par. f. Hotel companies and the proprie-
tors of hotels shall pay to the collector of
taxes Of the District of Columbia 11a per
centum on the assessed value of their fur
niture.
Par. 8. Each national bank as the trustee
Of its stockholders, through its president
or cashier, and all other Incorporated banks
and trust companies in the District Of Co.
lumbia through their presidents or cashiers,
and all oil af~t1 1;~t,fi i,,rr
companies, through their proper officers
shall make affidavit to the board of per-
sonal tax appraisers on or before the first
day Of August in each year as to the
amount of their gross earnings for the pre-
ceding year ending the thirtieth day of
June. and shall pay to the collector of
taxes of the District of Columbia four per
centum per annum on such gross earnings
Taxes on Real Estate.
The real estate owned by each national
or other incorporated bank, and each trust
gas, electric lighting and telephone COM
pany in the District Of Columbia shall be
taxed other real estate in said Dis
trict.
Provided, That street railroad companies
shall continue to pay the per centum
per annum on their gross receipts
listing law, and insurance companies
shall continue to pay the 11s per
centum on premium receipts. as provided
by section $50 of the code of the District of
Columbia.
All companies who guarantee the fidelity
OF any individual or individuals, such as
bonding companies. shall pay to the collect
or Of taxes Of the District of Columbia IL
per centum Of their gross receipts in the
District Of Columbia.
Savings banks paying interest to their de-
positors shall, through their president or
cashier make affidavit to the board of per-
sonal tax appraisers on or before the 18th
day Of july in each year as to the amount
Of their surplus and undivided profits and
shall pay to the collector of taxes of the
District Of Columbia a sum equal to IL
per centum on the amount of their surplus
and undivided profits the Both day of
June preceding.
General Corporation Assessments.
The capital stock of all corporations,
other than those herein provided for, or
ganized in the District of Columbia or un-
der the laws of any of the states or terri
tories of the United States chiefly for the
purpose of and transacting business with:
In the District of Columbia except those