Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1915-03-15
SPECIAL SESSION
COMES TO CLOSE
General Assembly of Vir-
ginia Adjourns Satur-
day Afternoon
PASS ALL TAX BILLS
House Of Delegates Disapproycs Of
Method of Corporation Commission
III Taxing Roads.

III Taxing Roads.
Richmond. March 15-On:y tn,
signature Of Governor Henry G.
Stuart is necessary to make y..:e re
: volution Of the tax system. unde.
which Virginia's government ha!
been conducted since it became
Commonwealth, an accomplished fact
The special session Of the Genera
Assembly, called into being by the
Governor. 20 revise the tan systern o
the State adjourned Saturday after
noon, and all the tax bills and mas
Of others are in the hands of tho
Governor. All the bills affecting thc
tax system and most Of those sup.
Elementary thereto carry emergency
clauses and become effective as soor
"a signed. The House will remain
in session constructively for six day,
to allow Governor Stuart to sign
The bills.
At the end of that time The new
system will be in force.
BY an overwhelming vote tho
House of Delegates Saturday expires
sed its disapproval Of the method of
taxing railroad property employed
by State Corporation Coommission.
The House went on record to the e.
feet that. in it's judgement. railway
property is under assessed foy taxa
tor and that the Estate Corporation
Commission has misconstrueh the
meaning" Of those sections OF The
State Constitution providing FOR the
assessment Of railway property.
The resolution putting the House
on record was offered just after The
morning hour hy Delegate Page OF
!AlbcrmarIe. II is in line with the
fight To increase railway taxes begun
several days ago by Delegate O. l..
Stcarnes, of Roanoke.
.In brief the resolution expresses
tie hcpe that the State Corporation
Commission will value railway tights
Of way and other realty belonging to
railway inst as the real estate o?
individuals is valued.
Under the provisions Of the seq
rcgation plan. counties and cities
lose the local taxes on rolling stoct;
and intangibles. which means that
the tlocal) real estate tax rates will
have TO be, in many localities. in-
creased.
II is the sense Of the House thar
railway property (real estate) should
be assessed on the same basis as that
On which adjoining property is as,
sessed.
If the State Corporation Commis-
sion follows the suggestion of the
House. which is in the nature cf .
yelled command, railway taxes will
he considerably Increased.
The Big Four" segregation bills.
are as follows:
An act TO segregate intangible
pronerty, insurance companies and
railing stock OF railroads TO the
State for the purposes of taxation
and TO segregate for purposes OF
State taxation real estate and in
tangible personal property.
An act creating d State Tax Com.
mission. composed Of the Auditor
or Public Accounts, chairman of the
State Corporation Commission and
5he Governor. to serve without pay
and local boards Of review of as
seSsments.
An act specifically segregatine
the rolling stock of railroads to tht
State for purposes Of taxation, ant
fixing the rate Of taxation.
An act specif ally segregating in
taneible property to the State, ant
fixing the rate at sixty-fve cents
On the 500 of assessed valuation.
The General Assembly also pass
ed the amended income tax bill!
exempting incomes up to $1,000 in
stead Of up to $4,000, and nunbe
! of bills making the State revenu
laws conform to the new system o
taxation.
| All the important revenue mea