The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-03-04

10 hlitnu II ntihit Hh fArHhht Ntit
futile. The bill passed by a vote OF
81 to II. the Democrats voting no.
There was no speechmaking on this
bill. The floor amendments agreed on
In the Republican caucus were the
only amendments passed.
Amendments to Commission Bill.
These amendments adopted by the
house before the passage Of the bill
are as follows;
Amend Section 3 by inserting after
the pariod after the word law in
line 10 page 8 Of printed bill the fol-
lowing:
1T shall be the duiy Of said tax
commission to divide the state INTO
five tax districts. M OF which shall
be assigned 20 each commissioner,
who shall. aner giving ten days no
tice thereof visit each county in his
district FOR the purpose Of hearing all
appeals arising In each county In his
district and the chairmen Of the board
Of county commissioners Of each
county shall meet with such commits
! sioner and give him such information
as may be In his power. After hear
ing the evidence such commissioner
shall rcport. the same to the state tax
commission for final decision; but
nothing herein shall be construed to
prevent any party to such appeal from
appearing before the fun commission
and producing such evidence as he
may wish to present.
2. strike out Section II, Of the
printed bill aud insert In lieu thereof
the following:
Section ~. An exemption from
taxation In the sum of 5000 shall oe
allowed and deducted by the asses
sor from each hea. of the family.
whether the exemption is claimed or
: not. In accordance with the provisions
| OF the constitution. widows having
| children shall he recognized as heads
OF families for the purpose of this
act.
All acts and parts of acts In con-
nict with this act are hereby repealed.
Tie Min Tax Biil.
The next hill To be taken up was
the mine tax bill, House Bill 3S2.
The substance 81 this bill was print
ed In the Herald on Wednesday. II
vas passed practically without amend
ment after Judge Hewitt had moved
that the reading Ia fun be dispensed
with as "a wholly unnecessary pro-
Ccdutc.
Mr.. Mulicns moved the passage Of
The bill. lie said ne had understood
that IL contained something for Bot
or Bill but that since It did not he
found Il actually proposed to tax coal,
and wanted to see II pass.
The bill, IL will be recalled, pro-
yides for a tax on the output Of pro-
ducing mines and that other mining
property shall be taxed as agricul'
tural and grains lands are taxed on
a strictly surface value basis.
written bN the Lobby,
Representative Tharp voiced th'
feeling Of the minority and OF a mum
her OF the majority when he said tina
tho bHl he knew came from the lobby
and not from the membership Of the
house: that this bill came from th'
same source and that he could not
vote Tor IT,.
The mine tax bin passed by n vote
Of - to s, several Democrats Notint
for IL on the ground that II Is bette'
than not taXing mines at all, as J.
was said Is now h case
The inheritance tax and intangible
property tax bills were passed at th'
night session.
The Inheritance tny bill was sum
married. by the Herald several week.
'%aeo. IL ia a graduated tax, and tins
rates vary from one 10 ave per cent
the lowest on amounts M to S2dO'Oo'
end the highest on amounts In excess
OF $500, 600.
The intangible property tax, the
rTiy one OF the measures which ma
not been generally discussed Is a'
fpllowsl
BE II enacted by the legislature ol
the state Of New Mexico:
Section /. As used IN this act th'
term intangible Personal Property
Moneys and credits, shall include'
Bonds. notes. certificates Of deposit
certificates of Indebtedness, and al
other evidences of debt in whatever
form made ct issued by any person
nrm, corporation, or asagciaiion' pun.
lie or private, of any state or county
except the United states, the state o.
New Mexico. and any county, munlc.
ipality or district Of this state; Al
claims and demands, howeNe eNi
denced. whether ecnred ny mortsas'
deed Of trust. Judgment or otherwise
or not secured AN shares of stock OF
other evidences 81 interest In or par
tIcipation In the property or profits O
any corporation, joint stock compan'
or association for profit, not organized
under the laws of New Mexico;
All credits and all amounts o
money ar It's equivalent due or owin'
To any owner thereof, subject to AK
! alton hereunder, whether on open &C
counts or otherwise;
! An money on deposit with an
bank, corporation, nrm or person o
In the possession or under the contro
I OF the owner. whether such none
be actually Ina or out OF this state
: sec. .. Al Intangible persona
n-ronerfv moneva or credits belOngin