The Bridgeport evening farmer., 1915-04-02
NOTED TAX EXPERT
 HOL LDS CONFERENCE WITH W. H. CORBlN
Btate Revenue Commission
 CT Is Recipient of Views ! of Renowned Specialist

EFaptferd AxriI Edwin Robert An Nerspn Sel7gnan, A. B., A. M, ILL. B., Rh D. L1E. D., of Columbia, Berlin, Heidelberg, Geneva and Paris univer- nlt1es, now professor of economies at roIurni1da Untxe1Ssity and a world re- nowned and internationally honored authority on taxation, tariffs. statis- eEos and Kindred pastmes, held the MentHr of the stage, yesterday areer- noon pr. Sel1gnan came to the hear 5 naersss4 the invitation of the Connecticut MEana6actuFers association and he nave an explanation of the tax and of mUrue Of the general principles of tax 2fien from tho proposed taxpayers point of view.
 The manufacturers presented their much talked of substitute for the ex- 0ess tax bill, which Dr. SeEgman ad- Enitted was of no economic value ex- n@rst as a nakeshift. The bill provides ADr tax to the state consisting of 10 her cent. Of the total tax of each cor RouGtion, the tax to apply only to man nGacfnrinx end mercantile corpora eHDns As the result of a carnpsdgn made by a special committee of the manufacturers association more than hoo ofacials and stockholders of af- Mected scprporations caune to the hear
 The ssubst1tuNe BM.
 The substitute bin spresenbed fs as
 Section i. Every corporation and rfoint stock company or association, Wherever incorporated, carrying on Business for profit in this state. all lhereinafner referred to under the name l<4erporataon, g except those excluded m Section 4 of this act, shall pay an nnza1Iy to the state treasurer for the suse of the state, in the years 1915 and E1916, as heEeAnafter set forth, as @ H. eenses fee for the use of it's corporate fEanchfses in this state, an amount equal to 10 per centum of the aggre- nate amount of the taUes locally. as- imessed levied and payable in accord lance with the last prior assessment lEst, upon its real estate and tangible personal property located in this state, but no sUch license fee shall be less dn any. one year than the sum of $15.
 Section 2- Such license fees shall be spayabIe by every corporation on the 18th day of July in each of the years 1ea5 and 1916, and payments thereof shall be accompanied with a certificate, under oath, Of it's treasurer. assistant treasurer, cashier or chief clerk, stat ing the total amount of such taxes as jgessed, levied and payable upon its real estate and tangible property locat- Eed in this state according to it's last iprior assessment list. If such tax shall mot be paid by the first day Of August next succeeding, the amount thereof shall bear interest from said 18th doys of July at the rate of eight per cen tz1m per annum until paid, provided
 
 7commencememt of legal proceedings for the recovery of such tax and at, the rate of 10 per centum per annum if made after the commencement Of such prooeedings.. Proceedings to col feet ts@s ust amount of such tax, if the same be not paid when due and pay able, sha11Sybe brought by the attorney general in the superior court of any county of Hartord.
 Section g. If any appeal shall be taken by any such corporation from action Of the board of relief Of any town or city of this state in reference to such assessment list, all proceed k2ngs for the colIecebon Of the license fee. hereby imposed shall be suspend led until the amount of said assess fment list shall have been determined Eby final judgment such appeal or withdrawal thereof, whereupon such license fee shall become due and pay able to the. state treasurer, as afore- ISaid VI
 Section 4. This act shall not apply to trust companies. insurance compa- n4es, banks savings banks existing under the laws of this state; banking associations organized under the laws of the United States and located with ; in this state: express companies car rying on business on steam or electric railroads or street railways: steam or electric railways or street railway cor porations: car corporations operating dining sleeping chairs parIor, or other tcars; telegraph, cable or telephone cor operations, or corporations the prfnci- Epal business of which is manufactur- ling, selling and distributing gas or 2 currents of electricity to be used for light, heat or motive power, or selling or distributing water for drinkine, power or public purposes.
 Section D. This act shall take effect Ion it's passage.
 ORTTTIARv