The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-02-08
Under the Dome.

ample time VIII De given Tor It's 1ull ulS-
cussion and consideration before the rush
of the closing days OF the session. The
subcommittee of the Senate and House
Finance Committees, which has been
preparing this BILL will report the same
tomorrow afternoon to joint meeting of
the Senate and House Committees. This
subcommittee has been industrtously
engaged In the preparation of this bill,
working on it both by day and late at
night.
In an interview with Senator London
chairman of this subcommittee. the
News and Observer is enabled to give its
readers the changes proposed by that
committee in the new revenue bill, which
are as follows:
The section of the present revenue bill
relating to bank taxation and reports
from corporations will be taken from the
revenue act and placed where it proper
ly belong in the Machinery Act Sew
eral changes in this section are proposed,
but will not be definitely determined
untils the Machinery Act is considered.
In schedule AA, relating to the inherit
ance tax, only one change is proposed
and that places an adopted child in the
same position as the lineai issue, thus
making the rate of inheritance tax the
same.
The change proposed in the income tax
does not require persons to list their in
comes which do not exceed $1,000, the
ameuntfexempted.
In schedule B, the first change propos-
ed strikes out of section 80 the proviso
allowing the license tax to be pro-rated
for such parts of the year as it is used.
Sescton 80, imposing the tax in circuses
etc, is amended so as to prevent cir
cuses from avoiding as many have done,
the tax therein imposed. The change i'm
Loses tax 5000 day on every circus to
which the price of admission, including
a reserved seat, does not exceed fifty
cents.
The license tax is repealed on num-
Der of vocations, such as auctioneers.
dealers is fresh meats, wood dealers, junk
dealers, ETC. The tax on horse dealers
is reduced from s25 to SIS, to be paid to
the State Treasurer. Dealers of clocks.
stoves and ranges must pay tax of 800
instead of $50 as heretofore.
Section so, relating to pawn brokers, is
amended to read "This section shall
apply to all persons, firms or corpora
money and holding the same by chattel
mortgage, pledge or otherwise and who
charge more than the legal rate of in
terest." In section 81, relating to ped
dlers persons who sell books, periodicals
and printed music are exempted from
the peddlers license tax.
The tax on lightning-rod agents IS in
creased from $40 to $50.
l. ,l,a ,1nf
to tax those charging not over $1.00 a
day
The tax on oil tanks is increased from
$40 to 800 and tax OF IS Is levied upon
each delivery wagon of oil.
Section 20. relating to liquor Dealers
is amended so as to increase the tax
therein levied from $50 to $3.50, from 500
to 5000 and from $25 to $50.
The Merchants Special License Tax
of 81 90 is repealed and their tax on their
gross sales is changed so as to be fifty
cents on sales of $1,000 Or less and on all
sales oyer 81 900 or an 'ctional part
thereof. fifty cents for each $1,000 or
the fractional part thereof. This change
will impose a muck less tax on small
merchants and "a larger tax on merchants
who sell over $1,000,
The tax on emm Sgrant agents is in
creased from $25 to san for the State and
500 in each county.
Section 81, relating to the tax on cor
porations, is amended SO as to add there
to the words mo county, city or town
shall have the power to levy franchise
tax under this section"
The rate of taxation upon poll nd
property has not yet been definitely fix
ed, but will probably be same as here
tofore.
The tax on cigarettes, express compa-
MES and telegraph companies will be in
creased and tax will be levied upon
whiskey. which it is hoped will add
largely to the States revenue.
The sub committee. which has been
preparing the revenue act, will now be-
gin their work upon the machinery act in
which many important changes are pros
posed.
This sub committee in framing the rev.
enue act. have allowed full opportunity
TO all persons to be heard who desired
anv changes in existing revenue act. but
very few have availed themselves OF that
opportunity, thus showing that the pres
ent revenue act, which was so severely
criticised when enacted, has not been as
oppressive as at first stated.
The proposed changes will be consid-
cred bv the full committee this week
when opportunity again will be presented
IN all who wish to be heard with refer
ence TO anv schedule in the bill.
Isaac A. Murchison, city attorney or
Fayetteville. has been in Raleigh in the
interest of the bill to authorize Fayette-
Vile to issue $4,000 in bonds in add
ton to the $50, 900 authorized by the last
Legislature the WHOLE amount to De USED
in the purchase of water works and the
construction of a sewerage system ray
etteville does we'll to own its water sup
ply.
The people seem to be in earnest abou'
this matter, and it is gratifying to know
that the cause of temperance has more
advocates in Williamson than for any
time Observation-Disclosures Enterprise.
The Watauga Democrat does not like
at all a bill introduced by the Repupil-
can member from that county, and II
saws: