The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-01-29
Prepared With Very Close At
tention to Detail.
THEY HAVE FOUND
MANY NEW SUBJECTS.
Additional Money 10 Come from Rail-
roads and Insurance Companies,
and Annual Franchise Tax Is
Proposed for First Time.
Bills TO Be Pushed in
General Assembly.

The general revenue bill which was re-
3ceived from the printer yesterday is q
voluminous document, containing 16s
pages, and is the first general report to
have been made by any committee In
either house SO far. 1t was. or motion
of Chairman Boaz, set as a special order
for Monday next at 1890 P. NJ, when the
clerks Will have a great task giving 1t its
first reading.
One Of the most interesting Of the
many changes proposed Is that which
puts social clubs which keep liquor for
their members on tho same footing with
bar-rooms requiring them to pursue all
the usual methods for obtaining, liquor
licenses.
This section was not In the first draft
of the bill, and when 1t was discussed
at once begun to line up for battle.
WHAT IT PROVIDES.
The new section Of the bill on the SUBJ
ject rtads as follows:
ANY corporation chartered and or-,!
ganized as a. social club, which shall
desire to keep on hand Mt their club
house or other place Of meeting wines,
ardent spirits, malt liquors, or any n,ix-
sture thereof, alcoholic hltters or bitters
containing alcohol, or fruits preserved
In erdeEt sp'rtts, Ito 10 sold. directly serI
Indirectly, or given away to the members
OF such corporation. shall. pin or before
the thirtieth day Of April In each year,
pay to the treasurer of the county or.
corporation wherein the clubhouse or
other place OF meeting OF such corpo-
ration Is located. the license tax required
of retail liquor Dealers
A. bill was offered some time ago by
Hon. John Whitehead of Norfolk (by
.requesD, with the above end In view.
1t was referred to the Finance Commit
tee and may have suggested this new
departure in the general tax measure
Chairman Boaz and his colleagues have
realized from the start that they had
to seek new fields for gathering revenue
in order to meet the ten cent cut made
in State taxes by the Constitutional Con-
vention. And SO they went after many
new subjects and laid their hands rather
heavily upon some. It is thought, The
subject of insurance is one that will have
to come up with increased taxation. The
license tax is fixed at $500. and there Is
a specific levy of one and one-half per
cent,I1n per annum upon the gross re-
ceipts OF the companies doing business
In the State. In addition to this. the
Icounties, cities and towns are allowed
to lay local taxes and there are charter
fees. etc. as heretofore.
The tax upon railway. telegraph and
5SLeHn1DOaCE companies are rdlSeQ, and the
committee has reached out IN many 9TH
er directions.
FRANCHISE TAX.
For the first time, there Is to be levied.
an annual franchise tax. taking In the
following corporations
Every corporation, Joint stock company
or association. organized or formed un-
der, by, or pursuant to law In this State
except railway. canal. insurance. banking
and security companies, cemetery, re-
ligious and charitable associations. SHALL
In addition to the charter fee, tax on
property and income or receipts and IL
cense tax. and the registration fee pre-
scribed by law. pay into the treasury OF
the State on or before the first day OF
March of each and every yearsan annual
State franchise tax to be assessed by the
State Corporation Commission.
The reporting of the bill does not mean
that 1t will pass in is present form.
1t will be considered by sections in the
two Houses. and great many amend
nlents will likely be offered.
Some long sessions arc In sight, and
the consideration OF the bill will require
a great deal of time.
Chairman Boaz. however. hopes to get
1t through the House by the middle OF
February.