Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1916-02-09
WOULD TIGHTEN
new TAX LAW
State Released to Localities
Under Segregation
sl,675,o0o
INTANGIBLEs s72s,4s7
INTANGIBLEs s72s,4s7
Auditor Moore Reports That Total
State Revenue Now Reaches Sum
of S6.55S,sSO Sc

Richmond, Feb. 9-Changes in the
partial segregation system of taxa
tion now in force so as to produce
an increase in the annual revenues
Of the State amounting to approx
mately S1,OO0,000 are recommended
by the State Advisory Board on Tax
alton in it's report to the Senate and
House Finance Committees, made
public yesterday.
The board points out that under the
new system the State released 10
the localities in taxes on real estate
and tangible, personal property re-
venues amounting to Sl,6I5,0oO. TO
offset this loss, the increase in the
State revenue from taxes on intan-
bible, personal property is S72S,4ST, a
net loss of revenue to the State of
$946.513.
In order to meet the deficit that
must take place in the fiscal year be-
ginning March II, 1917, if additional
revenue is not provided for the State,
the board recommends the enactment
of amended tax laws, which will in
crease the income of the Common
wealth approximately s977000.
The boards report takes up in de-
tail the several sources from which
this increase is to be derived, under
taking to show, that. the amendments
recommended are in line with the gen
eral purpose Of the segregation plan
to bring about more uniform and
thorough assessments throughout the
Commonwealth. with the view of re-
ducing taxes.
If the boards suggestion are fol-
lowed by the General Assembly the
$4,000 aggregate increase will be
obtained from these sources: Mer-
chants license tax $250,O00; shares OF
bank stock, $4,000; capital in busl-
ness, 100000; franchise tax $4,000
intangiblcs yet to be discovered and
subjected to taxation including real
estate notes, 100000; income, s25,Oou
water, heat, light and power COM
panies, $4,000; normal increase in
revenue, including franchise tax on
public service corporations $250,O00.
The report was submitted to the
Joint committees on the House and
Senate at their sitting Thursday night
no action has as yet been taken by
either committee towards tn efraning
of bills to put the suggested changes
into effect.
An addendum to the boards report
prepared by State Auditor c. Lee
Moore estimates that the States re-
venues for the appropriation year end
ing February rs, 1917, based on tht
present tax. laws, will be; S6,65S,S ,SSO:3t
The estimated surplus on March !
1916, will be S3s2,663 60, making /
total of S7,O41. SAB SO that will bt
available for the expenditures of thu
appropriation year ending Februar!
%, 1917.
The Auditor estimates the disburse
ments of this year, based on the pres
cnt appropriations, at s7,113,OS1.3 81
This does not include any amount fo
Improvements at any hospital or in
stitution. Accordingly, he estimate
there will be deficit for the appro
priation year ending February %
1917. of S71.547.33.
at will be seen from the above,
concludes the auditor. "that the sur
plus and estimated receipts are no
| sufficient, by il.oof.3 30, 70 pay III
estimate, of disbursements, which es
innate is based on present approprla
tons including no amount for I'm
provements. The State has, however
in process of collection. taxes assess
ed for years prior to 1915 amountin
to 647,714.51, and I am unable
state at this time what per cent
these assessments will be collected
There will be litigation with respe'
j to some of these assessments and
would hardly be safe, in my opinion
to calculate on collecting, during tf
i first appropriation year, more tina
| 100000 Of these taxes, from whicl