The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-02-06
GREEN CLAY INTRODUCES
SUBSTITUTE TAX BILL.
1t Is Reported Favorably by the
House Committee on Joint and
Concurrent Resolutions.


| REPUBLIC SPECIAL.
Jefferson City. No.. Feb. 5.-Representa-
tive Green Clay Of Audrain County has pre-
! pared and introduced a substitute to his
previous joint and concurrent resolution re-
lating to the separation of local and State
| taxes. The substitute has a favorable re-
port from the House Committee on Joint
| and Concurrent Resolutions and from pres
ent indications probably will be the revenue
measure 1sea a,s to receive most attention during
! 1t is predicted that the State Tax Com
| mission will not recommend any specific
eral Assembly The Views of the members
are different. and thus make the difficulty
Of reaching "a definite agreement great.
be left to the Assembly to take any action
| it chooses. 1t is probable that the Clay
substitute will be the only recommendation
| tion produce the suggestions made by differ
ent IT. members Of the commission.
The, The substitute substitute; OF Mr.; Clay. If adopted.
present basis Of assessment and valuation.
about $l75.eO0 by allowing the State to re-
ceive all revenue from assessment of fran
chises and other fixed fees, etc. The cities
would be small losers. but would have their
assessment raised. IL the local boards SO de-
crees. to 12o.cents instead Of lis as Is the
ment was passed reducing sinking and in
terest fund assessments from 10 to cents
Every locality could raise its valuation Of
property as high as 1t pleased. without hav-
ing the State take its share of the in
creased revenue. as is the present system
The committee substitute for Mr. Claws
previous resolution Is as follows:
HOUSE BILL SUBSTITUTE.
Substitute for joint and concurrent resolutions
Of the an s0 the he anssd
Be sy he 81
Ta. @ sRe ts S be he'd tho
fed voters Of the State Of Missouri tn. 'n foowine
Section j: That article ten 40 of the consti-
tuition .S Of the State Of Missouri be and the same
, after the first day Of January, A. D. 1907 by re-
e ad G arse ss "a S
in in Wep, er sns fSTe. r9r % sT sections which
Sec The a power = . ''!E~'; .ss corporation. and
corporate cor e, property including franchises. shall
and the BY s sst av Of the e
January A Al. p 1907 no tax or revenue for State
or other than from taxes up pny
IN anshse, snd ss
foreign insurance companies. license and In
oreures State inspection fees and fees of pu
lie otfeers except as is provided in section Of
The Or Saqss of said
nG S lieu Or Of % the State taxes be-
Provided. said State taxes when levied upon
rate of the ad valorern taxes for county munich
pal and school purposes throughout the State.
Sec. The State tax when levied ad vaiorem
on the property and franchises Of such corpora
JanuaTy 1so, M shall Z, be at the approximste
county. municipal. school or other purposes in the
State. as estimated by the Board Of Tax Com
missioners. provided the tax necessary to pay
any bonded debt Of the State and the interest
thereon dncludinG certificates Of Indebtedness Is
school purposes. shall; in the discretion Of the
preperty Of the state. ineiudng 'Iss he .s.sssed
valuations by the Board Of Tax Commissioners
Sec: II. Taxes for county. city. town and
school purposes may be levied on all subjects and
two q Of this article. but the valuation Of
property therefor shall not exceed The valuation