Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1913-08-29


be oy me tar commission. but otherwise shall
~ determined in the manner specified in subdivision
% Iar as applicable.
geuon Subsections tai (b) and lei Of section
1Soo.IeS o. the statutes are amended TO read
v sese1 s los4m-3) la Payments made within the
year for wages Of employees and salaries Of
act,,al1 reasonable in amount, for services
provided, there be repArted the name address and
amount paid each such employee or officer
rGslang within this to whom compensation
- seven hundred dollars or more shall have been
paia curing the assessment year
lsecuen l0S7m-3) Obi other ordinary and neces-
HaaS expenses actually paid within the year OF
income In the maintenance and operation of its bust
ess ana property. including reasonable allowance
fro, by USE wear and tear Of property
ao "nicn the Income Is derived and in the Of
n,es ana 1uaries allowance for depletion Of ores
anu o1ner natural deposits the basis Of their
aeea or glna cost in cash the equivalent Of cash:
and including also interest paid on its
nonuea or other Indebtedness to an amount Of such
Indebtedness not exceeding its paid up capital stock
outstanding at the close of the YEAR provided that
u,e amount OF such capital stock shall In case
al ~, tne clear value of its assets over and above
- 70 snue e and liabilities.
Noecuon lOS7m-S) lei Dividends or income re-
"itnn the year from stocks or interest In any
Stock company association, the income Of which
sil nave been assessed under the provisions Of this
az, PROVIDED that when only part of the income
- .le copartnership corporation, joint stock COM
pany or association from which such dividend in
come was received shall have under the
acL only corresponding part Of such dividend or
income Snail DO deducted; provided further that such
copartnership corporation Joint stock com
dress Of each : person owning stocks or hav-
ing such interest and tha amount Of diyi-
bends or income paid such person during the as
Section 5. subsections (aI. tc) and a. Of section
otm-4 are amended to read: (Section 1087m-4)
al Payments made within the year for
wees OF employees and reasonable allowance for
services OF copartners members Of firm actually
rendered In producing such income But no deduc-
IONS snail be made for any amount paid for per-
sonal services unless there be reported the name
and address and amount paid each such
employee or copartner to whom a Of
seven hundred dollars or more shall have been paid
during the assessment year.
| aal The ordinary and necessary expenses actual
" paid within the year In carrying on the profes-
sion occupation or bushes from which the income Is
oerved: including reasonable allowance for de-
from which the income is derived. and In the Of
mines and quarres an allowance for depletion Of ores
and other natural deposits the basis Of their ac-
tual original cost in cash the equivalent Of cash.
| (Section l0S7m-4) (c) Dividends or incomes re-
celVed BY any person from interest in any
copartnership, corporation. joint stock com
pany OF association. the income Of which shall have
Deen assessed under the provisions Of this act; pro-
vded that when only part Of the income Of any CO.
partnership corporation Joint stock company
cation shall have been assessed under this only
corresponding part Of the dividends or income re-
thor that ssid y anu plosaueu, .ur
| Joint stock company association report : '
ine name and address Of each person own
ing Stock or having such interest and the
amount CT dividends income paid such person dur
| ing the assessment year.
| tSectlon 1087m-D ~ All inheritances devices
and bequests received during the year - which
are subject to and have complied with the inheritance
| tax laws Of this state
! Section g. Subdivisions (d) and (e) Of subsection
Of section 10S7m-5 are amended to read: (Sec-
ton loS7m-5) l. td) For each additional person.
who Is actually supported by and entirely de-
pendent upon the taxpayer for his support. hun
dred dollars.
ton shall not apply to incomes derived from
within the state by nonresdents thereof to
copartnerships. corporations. Joint stock
companies nor associations In computing said ex-
empions and the amounts Of taxes payable BY
residing together as members Of a family. ;
| the income Of = the wife = and the
income Of each child under eighteen years Of age shall
be added to that Of the husband father, II he
be not living to that OF the head Of the family and
assessed to him. The taxes levied thereon shall be
payable by such husband head Of the family. but
not paid by him may be enforced against any per-
son whose income is included in the assessment
| Section Z. Subsection Of section 1OS7m-e Of the
| Section g. There Is added to section lo87m-e Of
1 the statutes new subsection to read (Section
lOS7m-e) q The taxes to be assessed. levied and
companies or associations, after making such deiuc-
tins and exemptions hereinbefore allowed shall be
computed at the following rates. to-wft:
On the first $1,000 Of taxable income or any part
| thereof 296;
! On the second 81. 900 or any part thereof 2Meo;
On the third $1,000 or any part thereof, 39o
On the fourth $1,000 or any part thereof. 31zTo;
On the fifth $1,000 or any part thereof. 40;
| On the seventh $1,000 any part thereof. SO:
| On all taxable income in excess Of $1,000. so.
! Section 8. Subsection l. subsection and subsec-
ton of section 1087m1O Of the statutes amend
| ed to read:
! (Section 1OSTm-l0) l. The state tax commission
and the assessors OF incomes shall annually on the
first day Of January. thereafter as prac-
ticabe proceed to hereinafter provided
income received during the preceding calendar year
liable to taxation under the provisions Of this act
Liability to taxation for income which follows the
residence Of the recipient the case OF persons
! Ing into ont shall he determined nv
the residence Of such the thrtyrst day Of
December OF the income year. and liability to taxation
like income in the Of corporations which
been created dissolved before shall be
determined by the status Of such corporation the
date. The assessment Of corporations. Joint
stock companies and associations shall by the
state tax commission. and the Of persons
other than corporations Joint stock companies and
associations shall be by the county Of in
comes.
Section 1os7m-1O) 4 Whenever in the judg-
met OF the assessor OF incomes In his dis
trct other than corporation. Joint company
or association shall be subject to meme tax under
the provisions Of this act he shall require such per-
son to make report at such time and In such
and form the commission may prescribe, speed
tying particularly among other items the amount Of
income received from services unsecured notes mort
cages bonds. stocks and real estate the amount Of
income received by his wife and each child under
eighteen years Of residing together with him es
members Of the family and such other IN
formation the commission shall deem necessary TO
enforce the provisions Of this act
fSection 1OS7m--10) s. Every guardian. trustee.
executor administrator, agent receiver, and every
other corporation acting In q ddu0ary
capacity shall make and render to the Of In
comes Of the district IN which such representative
Sides a verified list return Of the amount
OF income received by him for such person
ward beneficiary together with all income received
by che ward. beneficiary. deceased incompetent per-
SON whom he represents succeeds during the year
covered by the return and shall be liable to
and taxation therefor. subject to the deductions
and exemptions provided IN this chapter: provided,
that such deductions or exemptions have not been
claimed by for such ward or beneficiary in
another capacity. The return made shall be signed
by the person rendering 1t, and b. the president
secretary thereof. If corporation Every person sub
under this subdivision shall have all Of tbs remedies
against or paid by him in such capacity prescribed
BY section 1044a Of the statutes
Section 10. There is added TO section 10S7m-22 Of
the statutes subsection TO read (Sect1on 10s7m
-22 8. In tho return Of delinquent income taxes
as required by the entire amount Of each such
delinquent income shall be returned to the coun
ty treasurer without division or apporionment AL
laws Including the provisions Of any city charter
conflict with this subsection hereby repealed.
Section IL This act shall take effect upon passage
and publication and shall apply to the Of
incomes made during the year 1913 and thereafter:
provided, that sections and shall not be aDpn-
cable any assessment made prior to the 1914
Approved July 81. 1913
No &4o 81 Published August l. 1913
CHAPTER 77I. LAWS OF 1873
An ACT To amend sections 2020 and 2024-6S Of
the statutes, relating to the commissioner q bank
ing and mutual savings banks.