Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1915-02-19

TAXATION UNIFCj,AI
State Surrenders S476.O0O to Counnes,
Cities and Tcwns-Schcme Wul
Tax Hidden Property.
.MiAi,3 S

:@iaa
Richmond, Va. Feb. l9-The bill
, Seercgating intangible personal pro-
perty Of the State, recassifyirg sclle-
dule c Of the Tax law and fixing rhe
rate for State purposes at 50 cents
on the Sl00 was signed by Gove,mur
Stuart yesterday making five Of the
; Tax Reform bills that have received
i'his approval.
Governor Stuart and Auditor c.
Lee Morre are greatly pleased with
the net results which have ATTENDED
efforts to have taxes reduced and to
make a step in the direction of max
; ing the burden Of taxation Uniform.
They have been working for rna
segregation plan for sometime. md
with il enacted they sec that he
State rate on real estate, tangible
: nroperty-horses, cattle, sheep. frc-
niturc. books, musical instruments
and the iike--has been cut frQas
thirty five cents on the 500 10 ZEN
cents. This sum is Tor school plr-
poses.
Not that alone, but the rate on N.
tangible property stocks, horEs,
notcs and other evidences OF debt
has been cut half in Two. That class
Of property has heretofore been isXaf
in Richmond at the rate OF s.. IL ;or
State and local purposes. Hereafter
the rate II that for the State is i,X-
eG III sixty five cents on eacn so
while the counties and towns have
the right If they so desire, Of rIac-
ing tax of not exceeding thir;v
cents for road purposes. Cities hHre
the right to make levy Of the same
amount Tor general purposea.
The State surrenders $4I6,UOu 10
the counties cities and towns IL no
shane of taxes on the physical prop
erty Of steam GoadS--rracks, St2;t"l
warehouses and the like. That al
goes TO the localities, eXceD; 49,
there is retained on this property ti:r
ten cents for school purposes. '!'':
localities vested with power TO mac
assessments can add 10 their levy t"r
this year the twenty-five cents which
the State surrendered or that class Il
property.
The scheme will serve 20 place r..
es on classes Of property which h&H2
heretofore escaped. For Instance, -
tanyiblcs have been almost al u
known quantity. This is made pI;
py the excellent work that has he
done by some Of the examiners Of
records in the recent past, when t!.r;'
have unearthed estates which haze
long been silent when the tax iitah
came around They have poured sev~
eral hundred thousand dollars into
the States treasury and that Of the
counties and cities.
Here is the best way to illustrate
the tax on intangibles: A woman
living in the country inherits $4,000
in bonds at the death Of her nus
band. She will have to pay taxes oH
that at the State rate Of sixty i've
cents on each 500. The county may,
if it sees fit, impose tax of not eN-
ceeding thirty cents on the properly
for local purposes. That makes i
total of ninety fVe cents. Say the
rate under the old plan of taxation
for the county was 81 10 and that IS
4 little lower than the average county
rate. The State rate was thirty i've
cents. That would make s1.45. The
rate for each thousand would hare
becn total Of St4.50. Under tiIe
new law the tax cannot exceed -. -
for each $1,000. That may be 20
arranged as not to exceed So, aH1
unless the county levies the tax u
thirty cents the tax will be only
sixty cents on each 800 or S. on
each $1,000.