Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1909-06-02
INSURANCE TAX
BILL GOES OVER
FAiRCHlLD MEASURE REFERRED
TO INCOME TAX COMMITTEE
AT SPECIAL SESSION.
SENATE KILLS LAST OF SPRING
DUCK SHOOTING PRO-
POSALS.
Madison, May IS.

The Fairchild insurance taxation
Northwestern Mutual Life Insurance
company, provided a hard fight in the
senate yesterday morning, but was re
ferred to the special committee on in
come taxation to be appointed for the
extra session of the legislature to be
held next winter on motion of Sen
ator Owen.
Senator Whitehead in speaking for
the bill, said at first blush it would
appear to be a shame TO propose tax
of 10 per cent. on life insurance
company, as was done by the substi-
tute bill reported for passage, but
inasmuch as this was a reduction from
the present rate, 1913 per cent,
through the present system of taxation
on the gross income of the company
be favored it. The bill provided for
the gradual reduction, year by year,
in this rate until it had come down to
the average of other states. Outside
of Wisconsin the highest rate was 21a
per cent. of the premium receipts,
while here it was per cent. on the
gross income receipts.
After Senator Owen had admitted
that the present system of life insur-
ance taxation appeared to be unfair
and had moved the reference of the
bill to the special committee for in
vestigation and study, Senator Lock
uey said he belonged to the "show
me" class, that no one pretended to
know an absolutely scientific method
of life insurance taxation, or if they
did they had succeeded in concealing
the fact from members of the senate.
ceived by certain senators from in
dignant policyholders and said the
same game was tried on him two
years ago, and he then gave notice
that he should vote as he chose and
he wished to repeat the assurance az
this time.
After long diicussion of retalia-
tory statutes by Senators Hudnall,
Lockney, Sanborn, Husting and Cay
lord, and mention of the state of the
reduction in life insurance taxation
upon it, the senate voted, IA to Is, to
refer the bill to the committee in &C.
cordance with Senator Owens mo-
ton. The vote was as follows:
Ayes Senators Barker, Bodenstab,
Browne, Donald, Fridd, Gaylord, Hazel.
wood, Kleczka, Marsh, Martin, Owen,
Pearson, Sanborn, and Thomas-14.
Nays-Senators Bird, Bishop, Braz-
eau, Burke, Hudnall, Husting, Lehr,
Lockney, Page, Randolph, Stout,
Whitehead and Wright-13.
During the morning session, the
senate refused to non-concur in the
Egan bill for the publication of ar
ticles of Incorporation, by vote of
Is to 8, and ordered it to third read
ing. The Thomas bill, providing that
the next normal school to be estab-
lished shall be located at Eau Claire,
and the committee bill, requiring Of
fetal expenses and compensation to be
paid through the state treasury, were
passed, while the Husting spring
shooting bill was killed, putting
final end to such measures in this
Senator Sanborn sent to the desk
and had read telegram from A. C.
Kinds, clerk of the speaker of the
house of representatives Washington,
stating that either house of congress
may recall its own bills from a Joint
committee, the point at issue in the
senate Wednesday.