Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-02-12
THE SENATE

The senate yesterday afternoon con-
currcu III the resolution as amended
by the House providing that the I.egis-
!htur" adjourn tonight, instead Of Sat
urday night. and that after recess
OF three weeks the General Assembly
r"convene on March S, to complete It's
work OF tax reform
The Senate convened yesterday morn
ING at 1920 o'clock. and was called to
order by ACKNOWLEDGEMENTS Ellyson
the opening prayer was offered by Rev
J. ~ Smoot. pastor OF Centenary
Methodist Church
Inc senate concurred in the House
joint resolution providing that all cor
rcspondence and records OF the former
Tax Commission az compiled during tho
Investigations last summer be made q
part OF the records OF the Legislative
rcfcgence bureau
SENATE ADOPTS
ADVISORY BOARD HILL.
After brief debate the Senate con-
CURED In the amendments to Senate
Oh! NO. 90. as reported from the con-
ference committee and the measure
"as adopted by vote Of ~ to O. The
ol!i provides for the establishment OF
"a central advisory board fixes the
duties and powers OF the board and
aiso describes the authority OF the
local boards OF review. Senate bill
No 90, az amended. combined with
itousc biI No y, the Weaver Buchanan
segregation measure. embodles the
prlncipl" idea OF the new tax law.
Inc Senate yesterday afternoon by
q vote q! IS 10 passed House bill
40 81 scgrcgatinG the tax on rolling
STOCK OF steam railways to the state
me bi!l offered by Senator Andrews
OF Roanoke. appropriating $4,000 with
which TO reimburse the Radford normal
schoo! board for expenses incurred in
N ar GlI..
passed by the Senate
y local bill. authorizing special
election 10 be called in the town M
Waynesboro for the purpose OF voting
on me stock lay, was passed in the
"ENDENBtRG WANTS HIGHER
ASSESSMENT OF RAILROADS
Senator Wcndcnbure, Of Henrico.
made vigorous speech Yesterday In
behat OF his bill TO make uniform for
the purpose of local as well as State
assessments and taxation steam rail-
way property and to abolish the State
franchise thereon" Senator walker
or Northumberland. and Senator Buch-
anan. of Smyth. expressed the opinion
mat the bill conflicts with provisions
of the tax bill just adopted and n
vote on the measure was deferred.
Senator Wcndcnburg contends that the
state loses an enormous sum each year
because railroad properties are assessed
far below actual value
All efforts made In the Senate YES
terday TO bring up for considera ton
Senate bill No. 90. relating to the tax
on bank stock, We're without avail The
hi!l cmbodies the recommendation of
the former Tax Commission that "A uni
form tax rate Of Sl.35 be levied on
the 500 of the book value of bank
stock OF this amount the bill provides
that 30 cents. which is the present
state tax, be retained by the State. and
that 81 be returned TO the locality
where the bank is situated. The COM
mission expressed the opinion in it's
difference between the tax on bank
stock and that on the securities OF
other corporations. is by no means ex-
cessive II II be regarded In compari-
son with the property and franchise
taxes paid by other corporations.
NIGHT SESSION LASTS
JUST SIX MINUTES
Just before the chair was vacated
last night at o'clock the Senate voted
10 suspend the rules and to consider
Senate bill No. 90 at the night session.
When the chair was resumed at $40
o'clock parliamentary skirmish
lasting FIVE minutes brought the night
session to close. Senator West. Of
suffolk. who vigorously opposed con-
slderation OF Senate Bill No 20, made
The motion TO adjourn. Senator Can
non of Richmond. and others were ac-
tive In the hight to have the bank stock
tax bill considered yesterday. If the
bill is passed II will mean n material
loss OF revenue to some localities and