The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-06-24
STATE INCOME TAX BILL
EXEMPTION OF $4,000 A YEAR
FOR EVERYBODY.
On incomes Above mat Amsunt the TAS
h 70 hAREe Prom to q Per Cenf.-A
TeafOld Penalty Ter these VINO
Dont Tell and Are CauSht II II.

49, ~" Aaa nv AAa4MN ~ ~
ALhASI. June 2a.-Ths tentative draft
Of the State income laA bIli. which L.
being put In anAl shape ioF, lhtroduCtiOn
a. the special session az the Legislature
and which IL being considered BY the
Republican legislative leaders. proposes
an annual tar on the income Of persons
dOmiciled within the State Of New York
OF having their residence within the Stats
Tor period equal TO thrSs months In any
calendar year or becoming householder
In the State for a like period or having
an once or plAOe Of business In the Stats
for such a period Of time The tar y 10
b collected annually upon his or her net
income. whether suoh income shall be re-
ceived In his or her individual capacity
or az agent or trustee or executor or
administrator or guardian or a commit
tee or any other representative capacity.
The income Of every person up 20 q 500
Ia exempt from TAXATION under the bin
now receiving consideration. On all net
incomes above $500 annually on the
frst $1,000 thereof above the amount Of
the exemption there shall he paid In cash
a tax az the rate Of per cent: above
$1,000 and up 10 and including t25.OOO a
tax of per cent. above $4,000 up TO and
including 5000 a tar of 9 per cent
over $4,000 up 10 and including $40. 90
a tar Of per cent: over 10000 up %
and including S7OO 90 az the rate Of per
cent. and on all such incomes over the
sum Of s2OOOOO a tax oi 6 per cent.
Il h contemplated 20 have the law ad-
ministered through The state Comp
trOller's once. Return blanks viii be
furnished providing for the following tn
formation from oitizsns:
/ The name. occupation. residence and
business address Of the person 10 be
taxed: the full amount Of his or her Ia.
come derived from any profession ~
calling and whether such incume be
I Ia the way % salary. commissions. fees
or otherwise. and Il such income b. from
more than ons source the particular
amounts derived from each ~ such
sourCcs. Also the total amount 10 detail
81 all income reviewed from mortgages.
bonds. stocks. debsnturss. promisaory
notes or personal securities Of any sort
and from money owned or invested on
any other form Of security Or without
any security together with a detailed
statement ~ each o. such securities or
indebtedness OF moneys loaned. giving
ire name and the residence % the person
~ indebted OF Of corporation issuing
bonds or stocks aud the placs where the
said security Is at that tins actually
located Also any or all taxable income
from any source or sOuroes whatsoever
From the total oi such income shall
be Hitt'actei any amounts paid by he
person making such return during the
year on any ind 'btSdness contracted by
MIN, but the items u such indebtedness
and the names Of the persons or corpo-
rations % whom paid shall be- detailed in
the return 70 the officials The returns
thus furnished by citizens who ara -
be taxed shall b. deemed confidential
dOcIm snts and their contents shall not
h. disclosed except the gross amount Of
taxable income unless in the regular
course u judicial proceedings
The bill ralls for a corps Of special
agents who shall work throughout the
State In a confidential capacity 20 dis.
cover violations ~ tho law A person
making false return TO the taxing officials
10 deemed guilty Of perjury. and II a part
% a persons income IL wilfully omitted
from the return recovery shall be- had for
ten times the amount Of the tax which
would have been payable on such omitted
income. together with the cost of the
action.
The graduated inheritance tax bin.
expected 10 raise 1900 600 annually. WA-
introduced to-day by Senator Hill and
Assemblyman Merritt There we're only
three senators and seven Asssmblymen
nc iO-day's Legislative session. An Of the
Republican legislative leaders left town
this afternoon. but will be back here for
Monday nights session. although the
members generally are not expected back
before Wednesday and perhaps not until
Thursday night. when the next business
session 10 70 be held
The thirty day period permitted Gov
Hughes 10 finally dispose Of tho 0OO bills
left for his consideration when the rsg,l-
AR session Of the Legislature ended on
May q last expires on Saturday night.
Consequently IL 10 not believed Gov.
Hughes will have his talk with Theodore
Roosevelt NJ Oyster I.-y before Monday
at the earliest Gov. Hughes's friends
In the Legislature are n the opinion that
Col. Roosevelt will aid Gov. Hughes in
getting a direct nominations bin through
az the extra session 81 the Legislature
and that he will also favor Gov. Hughes's
suggestion Tor an amepded legislative
corruption Investigation resolution.
IN that event the Roosevelt Hughes
conference ~ Oyster Bay would have 20
take pACe by wednesday next. as the
Legislature expects 20 finish its session
NEXT Thursday 0r Friday and adjourn.
The Republican legislative leaders. from
Speaker wadsWorth down. declined 20
comment publicly On the coming ROoss-
welt Hughes conferences or IL eject on
the dOings Of the Legislature 90 tho
apscial session. When Gov. Hughes
talked With the newspaper men to-day
he declined % discuss the coming Oyster
hay oonferencs further than 70 say that
on Monday he had received q cordial In
vitation from Col. Roosevelt 10 visit him
at Oyster Bay. Gov Hughes said no date
for the Oonisrsn6s had - yet been st.
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