The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-02-25
DIGEST of Work of Finance
Committee.
NO GREAT CHANGES
Particulars in Which the Law as to
Taxes And Their Collection is
Deemed to Need Revision BY
the Sub. Committee. Mer-
chant Tax.

CttdHH lax
The work Of the Committee on FL
nance in revising the Revenue and
Machinery Acts of 1903 for recon-
mendation for passage by the General
Assembly has been concluded and the
bills will be promptly reported TO the
body.
There are comparatively few
changes in the law. One section only,
that providing merchants tax mas
been repealed.
The substance of changes made in
the various sections by ghe committee
will be found below:
Some changes of Importance are as
follows:
Section IS of the Revenue Act. hav-
ing reference to the inheritance tax
Is amended so as to make 1t the duty
of the solicitor 10 sue for the tax IN
cases where it is not paid by the exec
utor.
Section "a as to incomes is amended
by adding to fees in such section
the words land commissions, with
the proviso that the latter term DO
not include commissions iron the
sale OF leaf tobacco. cotton and other
farm products.
In Schedule "B", section &c it is
provided that license taxes shall be
personal privilege and not transfer
able and unless otherwise provided
for shall he collected in each county
where business is done.
Section So as TO horse dealers Is
changed TO include livery stable Keep
crs who deal in horses or mules ana
who must pay tax as horsedeaiefs as
we'll as llverymen. the tax being $50.
Section AZ as TO sewing machines is
amended so as to not require license
dealer shall furnish the Treasurer
with q written statement of the kinds
of machines sold with application for
license.
Section "A as to peddlers is amend
ed so as to include sellers of medicines
or drugs and SO as TO raise the tax
from ten dollars TO twenty-five on
foot peddlers and from thirty to fifty
dollars on peddlers who have convey
ances In addition TO the power OF
the board of commissioners to exempt
poor and infir9n persons the words
land Confede. ate Soldier" are .in-
Guided
Section 40 cotton cempresses-fs
changed to n Ike the tax instead Of
one dollar pr thousand bales $50.
for each com press.
Section 59-dealers in futures-is
changed so as to make the taxes $500
in towns of less than five thousand.
less than 10000. $500, in towns of
more than 10000 and less than IT,
900, and $500 i'm towns of more than
$1,000 population. WarehOuSemen.
brokers, etc, who sell for actual deliv
cry are exempted as before from the
provisions of the section unless they
carry on q future business in con-
nection with their regular occupation.
Section 61-dealers in rice beer.
indicated bitters, etc.-is made to
include checkers" after schiedam
schnapps.
Section Gs-grain distilleries-is
amended so as to make the tax dou-
BILE on each class of distilIery, to-wit:
three and less than six bushels capac-
ity, $50; six and less than twelve.
500: twelve and less than twenty
four, $50; twenty-four and less than
forty-eght, $3.50; forty-eight or more.
$500.
Section 67-the Merchants tax-s
repealed.
Section 70--pianos and organs--is
changed so as to permit dealers to
have an unlimited number of agents
whom they may license at one dollar
each after obtaining general license
to do business, and also making the IL
cenSe yearly to be obtained in July.
Section T8-prviiege tax on rail-
roads is amended to require the re-
ports of gross earnings to be furn-
ished to the State Auditor on the 18th
of August instead of July as hereto
fore.
Sections so and 81 with respect to
express and telegraph companies are
changed so as TO make the tax instead
of two dollars for every mile of rail-
way over which business is done in
the State and twenty-five cents for
each mile of wire owned, 1-2 per
cent upon gross incomes from oLs,-
ness within the State, such tax to be
annual and payable in quarterly in
staiIments.
Section 6, subsection 4, of the Ma
chinery Act is amended SO as not to
require one of the Corporation Com
mission to visit each county once a.
year as heretofore. but only at such
times as they may consider neces-
sary.
In Section 12-regarding the APP
pointment Of list takers for the respec-
tive townships it is provided that the
list takers appointed shall have been
n resident and Il free-holder of the
township for not less than one year.
Section 26 as to the listing of polls
and personal property now reads as
follows:
All taxable polls and all personal
property shall be listed in the town
ship in which the person so charged
resides on the first day of June, sub
jcct To the following exceptions:
Cd Such shares of stock as are di-
rected TO be listed otherwise by this
act.
go All goods and chattels situa-
ted i'm some township, town or city.
other than where the owner resides,
shall be listed i'm the township, town
or city where situated and not else
where-if the owner or person having
control there-hres or occupies Il
store. mill, dockyard. piling ground.
place for sale of property, shop, office.
mine. farm, place OF storage, manu-
factory, or warehouse therein for use
in connection with such goods and
chattels.
Provided. that this does not apply