Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1913-01-23
SENATE DRAF rs
4 NEW TAX BILL
Committee of the Whole Would
Strike Out All after Sec
ton One

Nloitp,ii,I. Jan. 11.-TaNatiuu again oC-
.upiud the senate to-day. That body went
into comlLiuCc Of the whole this morning
ON II. 3H thc taxation bill. and after
debating IN" measure until past the noon
hour, took II up again Immediately after
r,a.scinulIug this afternoon Mr. McCucn
occupied the chair at both sessions
Tho committee at length voted To rec
urlnoud to the Senate the amendments
proposed which are that all after section
on. in tine bill be stricken out and the
ioiloUu.g inserted:
section % Notnlnu contained i'm this act
shall ho construed tn fax money dcnositcd
~ savings banks. savings institutions.
tiuu companies ~ SAVING b,nl, and
ti.r4t .,,tnnani,. lncotod Within This S,ot,
nor 70 tax money or securities received
hv a trust con,pnuy or savings bank and
trust company as trustee, under order of
court. or otherwise ON account Of which
such Ia nix or banking iu.ti.uti pays -
tax 10 the state: nor to taN money dc
positcd at interest in national banks in
this state Whcrcon the rate Of interest
exceeds two un, cont per aruum upon
which ~ tax is required to- b.. paid to
the state under the provisions Of chapter
81 OF the public statutes and amendments
thereof: nor to tax any of tho various
kinds Of personal property held ny OF ne
longing a. corporations associations or
persons, taxed direct to the state or
witch by reason Of taN paid I" the
state in lieu Of a tax ON such property
is not required to be ST IN the grand
IFS: pursUau SO section ~ OF the p""''
statutes. as amended '> 80 "' ~ ''' ct, -,
"' I'N' non 10 ''N aug
'""' 'nN".',. .,...,..a.
-, ,.,i -. Col
''' ~
u......., a,,...,. g., ,i,.,,,,..,,,
.,.,.i,,., -, ,t,, ,o> i,,,,.,,,od b,.
- 49,! 49,. .,,,u he 20. il, ,r,
A., ,,,., .,,,,.,,,c 80 , ,.si-
''' ,,.,. .;,,...,..
,. rr. di.trl,, ,,r..,.,fued l, ...-
49,, .,o 80 Emo n,rI,,. statutes nc amend
49,, -, .,,,,t,, 9 or 20 %, or tho ,,te If
1o1o. otherwise In the town where. th, coy
uorntion issuing such stock has It's priu-
cipal place of business.
So g. Section 52o Of the public stat
u'os is hereby amended 50 as to r,al a.
follows:
Section go IN apprasuG shares of
stock in national bank or other cprn"ra-
ton tho value of all its rcal and per-
sonal estate taxed to said corporation IN
this STATE ar elsewhere shall be deducted
rom the total appraised valu" Of al It's
shares Of stock, and the remaining value
only shall he apportioncd among II
shares to ascertain ti'r appraised NaIu'
thereof
Soc. - All persons making and nlHn'
out the tax inventories spcc'hcd IN sec
ton 536 of the public statutes as ''Houu
I'd by section y OF NO, ~ OF the a''S
l910. and section 50 of the pnhlc SthtutS
as amended by section OF No. 30 OF tn
acts of 1910. EXCEPT AZ other"lsc p'"NIh'"
shall therein state the total amount "
each item Of taxable persona estate h''l
toned in each OF the classes sp''lI'cu Il
this act; and such INVENTORIES Sha'l '"''
tain suita bic int"rrosdtori"s lh'r"I"r'
Sec. q. Books for the apStia'tS OF "u'
vidual lists of taxpayers ana Tor IN
grand lists required to "c iIed III inc Oh
flee of the town or city CLERK ana 'h
abstract Of the grand list returned l" i''
commissioner Of taxes 10y the Town "
city clerk shall contain, among "th'
things. appropriate columns and blank
for tho insertion therein by the lister
and town or city clerks respectively o
the appraised valuation OF tue Propert
taxed pursuant to the provisions OF III
net
Soc. :. Tax bills shall contain anon