Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1915-02-05

THE VOTE WAS 2S TO il
Vote on Modified Bill 33 TO 6-~Housa
Of Delegates Engaged on Private
Matters Today.

Richmond, Feb. 5.-The Senate
this afternoon passed the seercea-
tion tax bill by vote of IS to IL
! The modified commission bill was
also passed, the vote being 33 to &
! The House devoted today 70 LOCAL
! bills.
These bills having now passed both
houses, are ready TO go to the &c
ernor for his signature when th:v
f.. will become las.
Under operation of the Weaver
Buchanan bill, as it stands with me
Tavenner amendment added, the
State government will derive its re-
venue from the following sources:
/. Taxes on the rolling stock fcn-
gines and cars} of steam railroads,
1T the probable rate of SLIGO on the
200 Of assessed value.
2. Taxes OF intangible personal
property owned by citizens oil Viz
ginia. including stocks, bonds other
evidences Of debt, securities in the
bands OF courts awaiting settlement
Of suits, and securities i'll the hands
# executors, administrators and
guardians, At the rate Of 70 cents on
the 500 of face value
3 License taxes on insurance con-
panieS doing business in this State,
at about the same rates as now
prevail.
/. Taxes on money on deposit III
hanlS, al a, rate yet. to DC fixed at
me present session.
=. Franchise taxes on public ser
vice corporations, license taxes sad
numerous other items which nave
ior years been segregated for State
purposes.
&. A tax Of 10 cents on the SiGo
1i assessed value OF all real estate
and tangible personal property, for
ihc support Of the public free
schools.
Cities and counties will derive
heir revenue from the following
@ources:
3. All taxes on real estate eSeer7
for the 10 cents school tax above
referred to. The State rate Of 80
cents On the $500 is thus reduced to
20 cents, and localities will have the
t.eneft of the difference Of % cent
on the sl0O Of valuation.
h. All taxes on tangible personal
property. such as live stock auton'"
niles. carriages, iewelry and houSt-
hold goods, except for the 10 CENTS
school tax already defined.
G. All city and town and eornt'
license taxes on business Of all KINDS
AS at present collected: except on II
.urance companies.
d. Cities, counties and to~aS 'AsJ
at their option, impose local faE
not TO exceed 80 cents on The sl9'
II value of intangible personal PFC.
nertv. such as stocks, bonds 3nd
chooses in action, in addition to the
State tax Of 70 cents, making 'he
lotaI tax in localities which desire
10 avail themselves Of this provision,
of no+ more than 81 on the 500 "t
v,lue of this class Of property.
BY the provisions Of the Senate
Finance Committees substitute 10f
! various Senate bills. there will ne an
oxoficio State Tax Board composed
oi the Governor, the Auditor OF
Public Accounts and member OF the
| state Corporation Commission, with
out compensation, with purely ad-
visorv powers and ia cost Of no:
more than $4,000 per year: for the
employment Of clerks.
!! There will also be local boards OF
!; eoualization for the purpose OF re-
viewing the assessments made WITH
in their own counties and cities, and
J of bringing to light and placing on
the tax baoks those items. OF intan-
..gible properly not heretofore given
= in for taxation.