Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-05-28
Schedules !. for Returns Pre-
pared BY the Assessor.
MANY CHANGES NOTED
STATEMENTS MUST BE FILED BY
FIRST OF AUGUST.
Heirlooms Are No Longer Exempt
From Taxation-Privilege Said
to Have Been Abused.

Hopewell H. Darne.lle, the District as
SCISSOR, has just prepared the schedules for
the return of personal property for the next
fiscal year and after the LIST of July he Will
announce that the schedules are ready for
| distribution to citizens of the District III
Is considered important that citizens OF
the District should not neglect to obtain
schedule and make their returns of per-
sonal property as required by law. last
year when the personal tax law went into
operation about 5000 residents of the Dis
tr.ct failed to make returns and penalty
of 20 per cent was added to their assess
ment.
In the schedules as prepared this year
several changes are noted. due TO the
amendments In the personal tax law. One
of the changes is in the date for the return
of the schedules Last year the limit was
fixed at August - In the future, how
ever. the returns must be filed not later
than the LIST of August. Under the law
which becomes effective July l next,
libra ries, school books. wearing apparel
ana family portraits will be exempt from
taxation. Heiilooms. however. are ex-
cuded from the list of articles exempt.
Under the former law heirlooms were NOT
taxed. but 1t was found that this provision
was abused. for many citizens classified
horses and carriages and other valuable
property which had been inherited as heir
looms.
Business Companies.
This year. under the new law business
companies which by reason of or in addi-
ton to Incorporation receive no special
franchise shall be assessed as individuals
conducting business in similar lines. Per-
sons or companies holding personal prop
erty in trust will be required to return
individual blank for each individual trust.
Companies furnishing abstracts of title
to real estate or those who insure real es-
tate titles must make affidavits as to the
amount of their surplus and undivided
profits on June 90 Incorporated savings
banks must report as to the amount OF
their gross earnings less the amount paid
as interest to their depositors for the year
ending on June 80 Building associations
will be required this year to make return
for their entire gross earnings, not alone
from business in the District, but wherever
it may be. The rate of taxation has been
reduced from to per centum.
On the schedules prepared by the District
assessor the phrase fair cash value" is
defined as "the actual judgment of the pub
lie expressed in the price which some
one will pay, and the highest price that
compunction, will pay at that time to get
that thing.
The Taxable Property.
The personal property in the District sub
ject to taxation is specified in the schedule
as follows:
Goods, wares and merchandise, or any
stock in trade The average stock carried
during the year ended June 30. 1904, at its
fair cash value, without deduction for any
debts due for same aOr any liabilities what
ever. Ger
Machinery, implements, fixtures, TOOLS In
struments, apparatus, all Office supplies and
furniture used in connection with business
! or profession. at their fair cash value, with
out deducting- for any debts due for the
same or any liabilities whatever.
Household and other belongings not held
for sale, such carpets, rugs, draperies,
tapestries, furniture, pictures Except fam
lily portraits), bric-a-brac, bronzes, stat
| uary. musical instruments, bedding. linen.
silver china, crockery, table ware, kitchen
utensils and all other belongings, at their
fair cash value. without deduction for any
debts due for the same or any liabilities
whatever.
An exemption to the value of 81 900 APP
plies where the household and other be-
longings are owned by the occupant of any
dwelling house or other place of abode. in
which such household and other belongings
may be located. One person only, the occu-
pant or head Of the household, is entitled
to the benefit of the exemption; and not
more than 81 600 in value may be exempt in
any abode. When the exemption applies
the amount only in excess of 81 600 should
be returned. The exemption clause does
not apply In the following cases. viz: To be-
lOng1ngS in houses rented furnished; to fur
niture and belongings In storage: to furni-
ture and belongings in the abode of some
one not the owner of said belongings; to
household and other belongings used In any
manner for profit or gain. In all such cases
the full value of the property is assessable
and must be returned at its fair cash value.
Horses and Other Animals.
Horses, mules. cattle, swine, sheep, dogs,
poultry and live stock of all kinds, at their
fair cash value. without deduction for any
debts due for the same or any liabilities
whatever.
,oI,;
riages, carts wagons and vehicles Of every
description, at their fair cash value, without
deduction for any debts due for the same
or any liabilities whatever
Harness and stable or vehicle storage SUD-
plies of all kinds.
Vessels and parts of vessels. ships. boats
and water craft of all kinds, with their
stores and appurtenances at their fair cash
value. without deduction for any debts due
for the same or any liabilities whatever
Hotel companies and the proprietors of
make affidavit of the fair cash value of their
furniture, without deduction for any debts
due for the same or any liabilities what
ever. 80 N-"t
Libraries conducted for private gain: A
sworn statement OF the fair ca sh value of
all books. pamphlets, furniture and all
tangible personal property shall be made,
Without deoucti0n Tor any debts due for the
same or any liabilities whatever
Schools, scientific institutions sanitari,1ms
hospitals and all other institutions conduct
ed Tor private gain: shall make return of the
fair cash value of all Of their tangible per-
sonal property without deduction for any
depts due for the same or any liabilities
whatever. =
National Banks.
National banks and all other Incorporated
banks and trust companies through their
presidents or cashiers shall make AFFIDAVIT
on or before the list day of August. as to
tne amount or Their gross earnings for the
year ended June 80, 1901
Gas. electric lighting and telephone COM
ps.nies, through their proper officer, shall
make afndavit on OF before the LIST day of
August. as to the amount of their gross
earnings for the year ended the Goth day
of June 1904. spa3}Rsf
Bonding. surety and guaranty companies
All companies who guarantee the fidelity of
any individual, such as bonding companies
shall make AFFIDAVIT of the amount of their
gross receipts in the, District of Columbia
for the year ended June 30, 1854
Companies who furnish abstracts of title
to real estate. or who insure real estate
titles shall make affidavit of the amount of
their gross receipts in the District of Co
lumbia for the year ended June 80, 1904
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