The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-02-05
BREWER FAVORS
CUT IN TAX RATE
Bill Has Support of Governor
Stuart and Auditor
Moore.
MAKES STATE RATE 80 CENTS
Believes 1t Will Lead to More
Honest Assessment and
Further Reductions.
MAKES STATE RATE 80 CENTS

reduction in the State tax rate on
,taitE' personal property and intanEi-
pies from 30 cents on 800 to 80 cents
is proposed In bill introduced ves-
terdaE by Delegate II. L. Brewer. Jr..
chairman OF the House Committee on
Appropriations. Tho bill has the ap-
prevail OF Governor Stuart Speaker Cox
Auditor Moore and others, and it's
patron believes that 1t will be unan-
imously reported.
we have gone into this thing thor
ouThly." said Mr.. Brewer yesterday
rms Is no clap trap or fash In the
pan proposition. Members Of our com
mittce have debated tho matter at
length after considering all of the
petitions for appropriations. and We
have consulted Governor Stuart, who
approves Of the reduction.
Keep Good Faith with PcopIe.
we believe that IT Is matter of
good faith with the people of Virginia
The State has reached Il point where
there Is n balance in the treasury and
instead of seeking some way to spend
II we believe II is proper to return It
to tho people In the shape in n reduc-
ton OF the general rate OF taxation on
real and personal property Further
more, we believe that when this IL an
nounccd az the policy of the General
Assembly. the people will meet us more
than halfway. There will 10 faircr
assessments OF real estate and more
general returns OF personal property.
When all property In the State is
placed on the tax books at It's fair
value. there can be n stu further con-
siderable reduction in the rate OF taxa
ton"
Il am thoroughly in sympathy with
tho plan for reducing the State tax
rate" said Speaker Cox Yesterday. 1T
Is recommended by the Auditor OF Pub
lie Accounts. The patron has consulted
me in regard 90 this bill. and l am
heartily in favor OF IT."
Text of Bill.
The fun text Of the bill follows:
A bill.
To prescribe the tax rate upon lands
and the improvements thereon, and
tangible personal property, and in
tangible personal property. except
money, for state purposes, for tho wear
beginning February /. 1915, and each
year thereafter
!. BE it enacted b. the General AS
senbly Of Virginia that on all lands
ana the improvements thereon. and on
all tangible personal property not
exempt from taxation by the Consti-
tuition OF the Commonwealth, the rate
OF state taxation for the year begin
ming February l, 1915, and each wear
thereafter, shall be Is cents on every
Sloo OF the assessed value thereof the
proceeds of which shall be applied to
the expenses of the government and
tho indebtedness of tho State; and the
further tax Of 20 cents on every 500
or the assessed value thereof, the pro-
ceeds OF which shall be applied to the
support of the public free schools of
the state; and the further tax of &
cents on every s1cO OF the assessed
value thereof, throcepee ETAOIN
shall be applied 10 the payment of
pensions.
2. BE II further enacted by the Cen
eral Assembly of Virginia that on all
Intangible personal property not
exempt from taxation under the Con-
stitution Of the Commonwealth (eycept
money on deposit with any bank or
other corporation, or firm, or person.
or In the possession or under the con
troll or the owner, whether such money
be actually In or out Of this State, and
belonging TO citizen of this State,
which item Of personal property has
been. by act approved January %, 1914.
segregated for taxation by the state
alone, and the rate of taxation thereon
has been iiXcd by the said acD. the
rate of State taxation for the year be-
ginning February l. 1915, and each
year thereafter. shall be 20 cents on
every 500 of the assessed value there
of, the proceeds of which shall be APP
piled to the expenses OF the govern
ment and Indebtedness OF the State,
and the further tax of 10 cents on
every 500 oe the assessed value
thereof, the proceeds OF which shall be
applied to the support of the public
free schools OF the State.