Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1913-07-16
FORMATI0N OF
TAX LAWS OF STATE
Auditor Moore's Tentative
!. Plan For Segregation.
of Taxation.
TAXPAYERS BENEFIT.
Speaks of Gross Inequalities of AS
sessment"- Plan May be Used BY
Legislature.

Richmond, Va, uly 16.-State Au.
ditor c. Lee Moore, has made public
a tentative plan for the segregation
of taxation which he has drafted and
which probably will be used as work.
ing basis for the Virginia Legisla-
ture Of 1914 to begin reformation of
the tax laws of the state.
Mr.. Moore's plan, which is COM
prehensive and readily understood, is
printed in pamphlet form and will be
distributed generally before the next
legislature meets so that the people
may become familiar with it.
Briefly summarized the benefits to
taxpayers under Mr.. Moores segre-
cation plan are as follows:
"No state income tax, probably
no county, city or town income tax.
"No state tax on bonds, notes, ETC.,
and only maximum rate of 77c
on 500 fair market value by the
county, city or town.
"No State, county, city or town tax
on depositors in state or national
bank, ETC., or on depositors with pri-
vate bankers.
: "Net amount of capital of merch-
ants, manufacturers, ETC., taxed by
county, city or town at maximum rate
of rs cents on $1O0 fair market value,
4 and state license tax on@merchants;
based on purchases, (as now) and
State license tax on manufacturers,
ETC., to be based on sales to be fixed
on an equitable basis.
"Fiduciary funds, ETC., not taeed by
state and only taxed by counties,
cities and towns at maximum rate of
rs cents on s100 fair market value.
"Stock of and deposits in bank,
etc, Estate and nationaD and capital,
ETC., of, and deposits with, private
bankers taxed to the banks and bank
ers only by state. Their real estate
tax only by county, city or town.
Gail other taxable stocks taxed only
by county, city or town at maximum
rate of Is cents on $500 fair market
value.
The State not to tax real estate and
tangible personal property, the same
to 5e taxed solely by the counties,
cities or towns; and if the true value
Of the real estate il assessed the re-
suit will be that in counties and
cities where the tax rate Estate,
county, city, town, etc., is now Sl.5o
and the value is 40 to SO per cent.
of the true value the conditions WI!
be reversed, making the tax rate %
cents on the S100 valuation instead Of
$3.50; and the assessed value OF the
real estate it's true value instead cf
40 or so per cent of its value, thus
accomplishing the much-to-be desired
result of having all property, real
and personal, bearing the same rate
oe taxation, viz: IS cents on each
500 fair market value. To do this
will not increase the taxes now paid
an real; estate, hut the same amount
of taxes will be uroduced By the
change in valuation and the reduced
rate. A farm or city !ot now valued
~ 81 900 assessed with taxes at the
rate of s1.50 pc rs1OO valuation pays
e1Eoo +oxes and the same fa,m OF
c;tv lot valued at its true value OF
$4,000 assessed with taxes! at the rate at,
Of rs cents per 500 valuation vii
nav SIS taxes, the same amount
which will be paid on $4,000 OF tan
chile or intangible properly,
"Under the teatati,e plan rr'pose'
the state will continue the same sup
port now provided for the public ire
schools, for public roads, for the pay
ment of pensions, will pay ;he cr'n''
raj charges, will pay the interest o.
the public debt and will pay into IN
sinking fund the sum required by 'a'
to carry out the terms of the deo
settlement.
"Should it be decided to prohibi
the manufacture, sale, ETC., of arden
spirits, malt liquors, ETC., the loss e
revenue to tt. Silt be made b
requiring tha ec.2atjcS and cities
levy, for the benefit of "oe state, ia
to exceed thrsa- sapSs',s of one mi
upon each siee efshe assessed vail
= ,q raa1 estat. aN;, y,arsural property