The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-08

real estate interests will be relieved Of
millions OF dollars VI taxes each year,
In the opinion Of Martin SAKE. president
OF the State Tax Commission. II the
constitutional convention will incor-
poratc in the constitution the princi-
Piles of taxation favored by the conven-
ton committee on taxation. Of which Mr..
SAKE Is chairman.
The tax article reported from the SAKE
committee would establish a centralized
control system OF taxation In this
State such as exists in Ohio, Massa-
chusetts. Indiana, Texas. Kansas, Mis-
souri,. Illinois and Michigan.
Under the provisions OF this article
personal property could &c reached more
effectively through the operations OF the
State Tax Commission. in the opinion
Of President SAKE.
The State now receives a revenue of
about $1,000, 900 n year from the Sc
cured cebt tax law. and under this tax
article the state Tax Comm ssion could
substitute a coupon stamp tax which
would reach So many additional millions
OF untsxcd bonds that the direct State
tax on real estate probably could be
wiped out and the local taxes on real
estate materially reduced.
Personal property now pays about
0iV'VVNsNN' III lANtf lV -NtW loIh STATE,
where there Is no centralized control,
while in states wheIe these g a GEN.
tralized control like Ohio personal prop
erty pays an annual tax OF s20.4 900 ;
Massachusetts, SIS. 900. 200. and Indiana,
e15. 900. 600. The amount of personal
property on the tax rolls In this State
10 s4g4,00 900. and II the assessmen; of
personal property by locll assessors
could be controlled and supervised By
the State Tax Comm ssion this amount
II Is estimated. wOuli he ten times more.
Or $4,000, coo. 900. In Ohio the amount
OF personal property taxed is s2I35.-
100000. In Michigan the amount s
$+29. Oo0. 600. or S.. 900. 900 more than In
New York State. Before centr tlizcd con-
troll in Kansas he amount Of personal
property taxed In 1909 was s62 600. 600
and now q Is s6l7. 900. 900 IN Magsl-
chuset:s $3.50. 600, goo In 1902 and 81 =
032,000,000 now In Illinois s32O. 900, 900
In 1902 and O.CO0. 900 now. IL
States where thc,e H. centralized con-
troll personal rr lpcity Is assessed To-
caNy through the supervision OF the
State buatd.
When nc law rcorr mining tic state
n Comm ~ on WIS p,nling In the
last Leg stature Gov. Waitmln could not
get II throIEI tho Legislature until he
consented to the elimination Of the pro-
vision which too, away from local as-
ecssoip thru { tNr 50 t. lie rSacii.i-
ment OF real and rcrsonll taxes by es-
tPbl.siIln; this central control In tac
STATE t. 49," -f O. u " ''r- n
that this piov's',n w?s urrcnat'tui4oral
becausr the L. 80 ,rs.stnr, wl on.
eti.ut onpl oHi.r"' and t., 'S, rasrytrr
of property aio'd be r. Il hv oil rin =
elected or locally apo ntcd II IS 90
NEE; this situation that this cent.a !zc !
con'roi prove ou 90 IN ofpor.tcJ in tn
proposed rev 'tN rf''''r nd z ' -
inserted in the constitution the Safe
TaN Comm - o. bore, - I toIt br. ne
nearly all CT the porscnll p;orer;y on
the State and 10 al iuN rolls by Glass;
Tying II and fl iyr 'ow r'tcs OF taxa
ton on the d~''crcit c'a sseG according
70 the extent that thry can stand the
burden w.thou; DR. wing the securities
out OF the state. II - argued mat
there o be- NOTHING in1uis'tor al IN
a coupon stamp IT,. .hog' would also
be n lass fcat'On Of tlng b." personal
property with 'ow rates of tlvnt on
which would not be f.l' 20 much by
individual interests. tNrs do ne away
with deductions FOR drbt IN TIE pay
ment of persona! tay,s.
The new tax article H':o gives the
Etate Tan Comm'rs'on the r'r't % re-
view the work OF local assessors. and
n ii is ADOPTED by the Constitutional
convention 1t would enable the state
commission TO ma&e up to New York
city real estate owners whose property
Is assessed ut near v full value H. j,"k-
Ing up the perccntaG, Of value up
State to nearly full value whore now
II averages about 20 per cent. Of fun
value.
The constitutional convention has
discussed th's tax article Toy two days
and the Now Yorl; city Members have
not given Chairman SAKE the aid taat