The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1913-01-20
sENArE,s NEW TAX BILL
Leaves Only First Section Of orisi-
nal Measure.

nal Measure.
Montpelier, Jan. 17.-Taxation
again occupied the Senate today.
That body went into committee of
the whole this morning on H. 374, the
taxation bill, and after debating the
measure until past the noon hour,
took it up again Immediately after
reassembling this afternoon. Mr.,
McCuen occupied the chair at both
sessions.
The committee at length voted to
recommend to the Senate the amend
ments proposed which are that all
after section one in the bill be strick-
en- out and the following inserted:
Section 2. Nothing contained in
this act shall be construed to tax
money deposited in savings banks,
savings institutions, trust companies,
or savings banks and trust companies
located within this state, nor to tax
money or securities received by a
trust comapny or savings bank and
trust company as trustee under order
| of court, or otherwise, on account OF
which such bank or banking institu-
| ton pays a tax to the State; nor TO
| tax money deposited at interest In
national banks in this State wherein
| the rate of interest exceeds two per
cent. per annum upon which tax is
required to be paid to the state under
the provisions of chapter 81 of the
public statutes and amendments
thereof; nor to tax any OF the vari-
Gus kinds of personal property held
by or belonging TO corporations, as
sociations or persons, taxed direct to
the state, or which, by reason of a
tax paid TO the state in lieu of a tax
on such property, is not required to
be set in the grand list pursuant to
section 797 of the public statutes, as
amended by No 30 of the acts of
1908; nor to tax any property exempt
ed from taxation.
Sec. 3. Section 615 of the public
statutes is hereby amended so as to
read as follows:
Section Sis. Shares of stock in do
nestle corporation subject to the
tax imposed by section / of this act
shall be set in the grand list to the
owner thereof il resident of this
state, in the town, village, school, or
fire district prescribed by section $40
of the public statutes. as amended by
section of No 80 of the acts of
1910. otherwise in the town where
the corporation issuing such stock
has its principal place of business
Sec. 4. Section $50 of the public
statutes is hereby amended so as to
read as follows:
Section 500 In appraising shares
of stock in national bank or other
corporation, the value of all its real
and personal estate taxed TO said cor
poration in this state or elsewhere
shall be deducted from the total APP
praised value of all its shares of
stock, and the remaining value only
shall be apportioned among its shares
to ascertain the appraised value
thereof
Sec. 5. All persons making and
filling out the tax inventories specif-
ed in section $50 of the public sta
tutes. as amended by section IL of
No SO of the acts of 1910, and section
5S7 of the public statutes. as amended
by section of No IS of the acts of
1910. except as otherwise provided.
shall therein state the total amount OF
each item of taxable personal estate
mentioned In each of the classes
specified in this act; and such inven-
tories shall contain suitable interroga-
tories therefor
Sec. 8. Books for the abstracts of
individual lists of taxpayers and for
the grand lists required to be filed In
the office OF the town or city clerk,
and the abstract of the grand list re
turned to the commissioner of taxes
by the town or city clerk shall con-
tain. among other things, appropri-
ate columns and blanks for the inser-
ton therein, by the listers and town
or city clerks respectively of the
appraised valuation OF the property
taxed pursuant to the provisions of
this act.
Sec. z. Tax bills shall contain,
among other things. appropriate sep
arate columns showing one per cent
of the appraised valuation of all
property taxable under the provisions
of this act, and the amount of taxes
of each taxpayer thereon.
Sec. s. Personal estate not taxed
under section l of this act. and not
exempted under sec of this act,
shall be annually set in the abstract
of individual list and the grand list,
in separate columns set apart there
for, to the owner thereof in the town,
village, school or fire district where
such property is situated on the first
day of April, at one per cent of its
appraised valuation and shall be sub
ject to an annual tax of one hundred
cents on the dollar of such grand list
Sec. money loaned by any per
son, corporation or banking institu-
ton at a rate of interest not exceed
ing five per cent per annum, the nav.