Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1913-08-22

represented in Senate and Assembly, do
enact as follows:
Section /. Section 4561a of the statutes
is amended to read: Section 4561a. The
taking, catching or killing of any mus
kellunge of less weight that eight
pounds round weight, or six pounds
dressed weight, or Of any sturgeon of less
imam twenty pounds round weight,
Is hereby prohibited. Any person
violating any of the provisions of this
section shall be guilty of a misdeamor
and upon conviction thereof shall be pun
lshed by a fine not exceeding five dollars
Section 2. This act shall take effect
and be in force from and after its pas
sage and application.
Approved July 81, 1913. Copy Law.
'O g cHAPrER 100 Laws A OF 1918 1915
AN ACT-To repeal section 10S7m-7;
1Os7m-2, subsection of section
1882, subsection (a), 90 and (e)
of section 10S7m-S, subsections (a),
Co and O Of section 1Os7m-4,
subdivisions (d) and (e) of sub
section l of section 1OS7m--5; to re-
peal subsection of section 10S7m
--6 and to create a new subsection
of section 1087m-6; to amend
subsection 1, subsection and sub
section of section 1087m-1O; and
to create a new subdivision of
section 1087m-22, of the statutes
relating to the income tax.
The people of the State of Wisconsin,
represented in Senate and Assembly.
Section l. Section 10S7m-7 of the
statutes is repealed
Section 2: Subsection . of section
10S7m-2 of the statutes is amended
term income, as used in this act,
shall include:
(a) All rent of real estate includ-
ing the estimated rental of residence
Nsol
CO All dividends derived from
stocks and all interest derived from
money loaned or invested in notes,
mortgages, bonds or other evidence of
debt of any kind whatsoever.
(c) All wages, salaries or fees de-
rived from services; provided, that
compensation to public officers for
public service shall not be computed
as part of the taxable income in
such cases where the taxation thereof
would be repugnant to the constitu-
ton.
(d) All profits derived from
the transaction of business or from
the sale of real estate or other capt.
tai assets; provided, that of the pro-
fits derived from the sale of real estate
or other capital assets acquired pre-
vious to January /, 1911, only such
between January /, 1911, and the date
of sale bears to the entire time be-
tween the date of acquisition and the
date of sale.
(e) All royalties derived from mines
or the possession or use of franchises
or legalized privileges of any kind.
(f) And all other gains profits or
income of any kind derived from any
source whatever except such as hereinaf-
ter exempted.
Section 3. Subsection Of section
1087m-2 of the statutes is amended
to read: (Section 1087m-2) 3. The tax
hall lNa Il
upon all income, not hereinafter eX-
empted, received by every person re-
siding within the state, and by every
nonresident of the state. upon such in
come as is derived from Is property
located or business transacted within
the state. In determining taxable
income rentals, royalties, and gains or
profit from the operation of any farm,
mine, or quarry shall follow the situs
of the property from which derived,
and income from personal service and
from land contracts, mortgages, stocks,
bonds and securities shall follow the
residence of the recipient. With respect
to other income persons engaged in
business within and without the state
shall be taxed only upon such income
as is derived from business transacted
and property located within the state,
which may be determined by an alloca-
ton and separate accounting for such
income when made in form and man
ner prescribed by the tax commission,
but otherwise shall be determined in
the manner specified in subdivision (e)
of subsection Z of section 1770b of the
statutes, as far as applicable.
Section 4. Subsections (a), CD and
(e) of section 10S7m-3 of the statutes
are amended to read: (Section 10S7m -
81 (a) Payments made within the year
for wages of employees and sal
aries of officers if reasonable in
amount, for services actually rendered
y 1" in producing such income; provid-
h.. .t~,I al
and amount paid each such en-
ployee or officer residing within this
state to whom a compensation of seveE3
hundred dollars or more shall have
been paid during the assessment year.
(Section 1087m-3) (b) Other ordin-
airy and necessary expense actually
paid within the year out of income in
the maintenance and operation of it's
business and property, including a rea-
sonable allowance for depreciation by
use wear and tear of property from
which the income is derived and in the
case Of mines and quarrieS an allow
ance for depletion of ores and other
natural deposits on the basis of their
actual original cost in cash or the
equivalent of cash; Il and including
also interest paid on it's bonded or
other Indebtedness to an amount OF
such Indebtedness not exceeding its
paid up capital stock outstanding ct
the close of the year; provided, that
the amount of such capital stock shall
in case exceed the clear value OF It's
assets over and above all Indebtedness
and liabilities.
(Section 1087m-3) (e) Dividends or
income received within the year from
stocks or interest in any copart-
nership, y corporation, joint stock
company or association, the income Of
which shall have been assessed under
the provisions Of this act; provided
that when only part of the income OF
the copartnership, corporation, joint
stock company or association from
which such dividend or income was re-
ceived shall have been assessed under
this act only corresponding part Of
such dividend or income shall be de-
Quoted; provided, further, that such
copartnership corporation, joint
stock company or association report
the name and address Of each
person owning stock or having such
interest i = and the amount of diVi-
bends or income paid such person dur
ing the assessment year.
Section 5. Subsection (a), Co and
ID of section 1087m--4 are amended
to read: (Section 1037m--4) (a)
Payments made within the year for
wages of employees and a reasonable
allowance for services Of copartners
or members OF a firm actually rendered
in producing such income. But no de-
auctions shall be made for any amount
paid for personal services unless there
be reported the name and address and
amount paid each such employee