Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-03-27
NEW BATTLE ON
BANK TAX BILL
Republicans Not Satisfied With
Clause Exempting Real
Estate Holdings.
Especial to the Evening star.I


TRENTON. March 27.-Although a
compromise has been effected on the
Pierce bank tax bill, there will be a
conflict on it when il comes up for
action in the House Monday night.
1t has developed that the Repub-
hcans are not at all satisfied with
the proposed amendment which,
while setting the rate of taxation at
4 three-quarters of one per cent. would
deduct the amount of real estate
holdings from the total amount of
capital surplus and undivided profits
owned by each bank. Assemblyman
Hates has set of amendments which
would make the amount of local tax
paid on real estate held by each bank
exempt
The two provisions are very differ
ent in the sum each bank would have
TO pay. A bank with capital, surplus
Z and undivided profits of 100000
would, under the Hates amendment,
nave to pay $500 on $50, 900 worth of
& real estate, where the local tax Is two
per cent.
Mr.. Hates would have this sum
deducted from the bank tax of $1,500
at three-fourths of / per cent. and
!. would pay altogether $780, the real
NSS--HG DAlll6 6illlGly tA6iuDItu. by
the Governors amendment the eX-
emptionh would be in the same case
part of the capital equal in amount
to the value of the real estate hold
ings, and the banks would pay a
capital tax on $4,000, or $1,275. This
Z sum, added to the local tax of $500,
unchanged, would total $1,S75, or 1915
more than the same bank would pay
IN taxes under the Hates amendment.
House Morning Session.
Details of the House morning ses-
sion We're as follows:
Bills on Second Reading-House
552, 597, 744, 743, AIS, SO, 297, 400, 401,
407, All, 472, OF, sol, 594, $40, 636, 1853,
SO. Senate 144 211. 142, 261, 1893, $50,
2SS, 221, 1926, 259. These, with Senate
amendments-House 205, 81, 226. Ais.
Bills Passed.
House 621, Mr. Byrne-Regulates the
pension fund of police departments
in first class cities.
House 5S4, Mr. Linton-Forbids the
pollution of public water supplies.
House asa, Mr.. Mulligan-Changes
the name of Frank r. Puecarelli, of
Jersey City, to that of Frank r.
Purcell.
I1OuSe 0oJ, MT. oIeNGnS-l he cape
May street paving bill.
House 473, Mr.. Dobbins-Amends
the conveyance act.
House 90, Mr.. Rowe-Regulates the
condemnation of land.
House 1873, Mr.. Rowe-Regulates the
legal commitment of hayward
females
House SIS, Mr.. Burton-Establishe
q proper method for the issuing or
municipal bonds.
Senate 202, Senator Marten-Places
employees of municipalities on a
salary basis.
House 537, Mr.. Rowe-Regulates the
establishment of branch banks by
trust companies.
House 697 Mr.. Fish-Adds the as
sistant secretary of state to the Of
ficials who are to ride free on the
railroads.
House 22O Mr.. Long-Permits bor-
oughs to regulate by ordinance the
discharge of firemen.
Bills Lost.
House 456, Mr.. Notwithstanding
the Walsh commission act: lost, to
30. A motion to reconsider was lost,
Is to 20.
Recess until 2:15 p. m.
House Afternoon Session.
The House in the afternoon session
passed the following bills and then
adjourned for the week:
House 594, Mr.. J. f. A. Griffin
Amends the employers liability act.
House 252, Mr.. Barradale with
Senate dments)-Regulates the
making of house connections for
water.
House So, Mr.. Moore with Senate
amendments)-R the grant,
ing of letters of administration.
House 225, Mr.. Hammond-The
Trenton public slaughter house bill.
House $3.50, Mr.. Kates-Regulates the
issuing of temporary certificates for
'~nnieipal improvements.
House "a, Mr.. Moore-The Mercer
county court interpreter bill.
Senate ia, Senator Read-Validates