The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1912-10-31
TAX LEGISLATION
Rabbit Bill Subject of Much Discus
sion at the Capitol.


interest attaches to the subject of tax
legislation, which seems likely to
dominate the weeks lawmaking at
the capitol.
Analysis of the talk in the Hobbies
would seem TO show that on the tax
question, as at former sessions, near
ly every man has his own very def
mite and at times rather unique opin-
ion regarding taxation matters Al
ready there are before the Legisla-
ture several bills of the fiat rate or
intangible type, none of which would
seem to conform wholly to the prom
Uses in the party platform, or that
would give the relief promised, should
they become laws. Some of these
have the disadvantage of being quite
elaborate and somewhat too tbeor ETH
ca! to appeal strongly to the average
hardheaded Vermont legislator
The bill, which, in the discussions
thus far heard in the Hobbies, seems
to have met with the most favor in
this connection, is the tax exemption
measure introduced in the Senate
Windham, which provides for exemp-
ton from taxation of all loans made
on Vermont real estate at the rate
of interest of five per cent. or less.
This measure promises, according
to its advocates, to be of much bene-
fit in the future development of Yer
mont and especially for farming sec
tons, the rural communities, the ag-
ricultural interest and the small
manufacturers throughout the State,
who need additional money at low
er rate of interest Should this
measure become law, its intent and
probable result, its supporters say,
would be to retain Vermont money in
Vermont, making it much easier for
the Vermont farmer to borrow
money with which to improve and
develop lbs farm. the professional
man, the clerk and the laboring man
to borrow money with which TO build
their own homes. the manufacturer
to further develop his business and
TO improve his conditions and in
crease his employment of laboring
men.
A law very similar in its provisions
has been in successful operation in
New Hampshire for the past two
years, and in Massachusetts for a
considerable longer period. Its effect
in these States has been very bene-
fetal and far-reaching.
This is one of the measures so
strongly advocated by Governor Flet
cher from the platform during the re-
cent State campaign.
Another commendable feature is
that brought out by Senator Babbitt
in an interview this afternoon, in ,he
fact that it practically does away
with the so-called double taxation,
which has for a generation been one
of the greatest burdens of our present
system of taxation, and which has
been more censured and condemned
by the average taxpayer than any
other feature of Vermont's present
taxation laws.
Senator Babbitt said further that
he believed that his bill would go far
towards keeping Vermont boys and
girls at home in Vermont shops, and
on Vermont farms, engaged in her
varied interests. taking advantage OF
and benefiting by the greatly added
opportunities which this measure
would afford.
Towns to Be Examined.
Montpelier, Oct 29.-The joint
special committee, appointed under a
| joint resolution to select not to ex
coed 30 towns in which the tax com
m.--'C--r shall procure data gc,G.-E-
to t-g2t-n OF personal pTcDerty, c2d
the amount of deductions CLAIM I'd
on account of debts owing. mas
DESIGNATED the following cities and
| towns.
| Barton, Jamaica
Bellows Falls, Montgomery,
Belyidere, Montpelier,
Bennington, Proctor,
Bolton, Readsboro,
| Brandon, Randolph,
| Burlington, Royalton,
Clarendon. st. Johnsbury,
East Haven. Stowe,
Ferrisburg, Stratton,
Goshen, Waitsneld
CRANKY, Walden.
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