Crittenden record-press. [volume] (Marion, Ky.) 1909-191?, 1917-08-16
The new KENTUCKY
80 TAX LAWS 80

There will be many changes In the
Kentucky Tar Laws. which 60 into
effect September lst. and taxpayers
should be deeply interested
Farmers viii be benefited by the
lower State tax rate on Lands and
improvements from 81 70 a. cent?
or each 500 valuation and on Live
stock from IS 10 10 cents Tor State
Purposes Bonds stocks Mortgage
and Accounts will be exempt from 10
cal taxation; as will also Agricultural
Implements; and Products grown
within the year are eremp, from all
taxation Money deposited In Bank
will be taxed at only ~ cents on
the 500. instead OF b5 as heretofore
This will result in . large saving 10
taxpayers, who have been listing their
property at q fair valuation.
Merchants will have only State
taxes to pay on their Notes and Ac'
counts at the rate OF 10 cents on
each 500 and 10 cents on Baak De
po.its. Other property, such ~ Real
Estate. Merchandise. etc. Ia subject
to State ,aI rate Of only 70 instead
OF 81 ceats.
Manufacturers are exempted iron
local taIss on their haehisery. Raw
Material and Product. Notss AID Ae
counts ssl will - taxed sss State
purposes osly o. such DrspsTty 81 "
cent? on the oloo ssd 10 cents %
Bank Dsposts. On oil 9iAsr Isss
ersy the State tai 10 ssiy ~ esas
on each oles aal the LEGAL tasss -
AIed IN the localities where their
business 10 conducted.
Bosds. Stocks, Mortgages. Meter
end Accounts are tAnbls ~ State
purposes only st 20 csats % the
500 and exempt iron LEGAL tAIatiso
The State TAI on Real Estate.
Household Gssls. hsreAsnliss. vsAt
cles asd other property owned By
indiv!duals las been reduced frsn
IS to 10 cents; . rsducties Of an
per cent.
Additional Revenue to justify the
reduction and Increase the State rev
enue 10 TO come from Bonds. ~Stochs
Notes and Accounts. Mineral AND
Timber Rights and Royalties and b,
equalization OF VIGOROUSLY under
valued assessments, and 10 each olan
OF property, No matter By whom
owned. Will be assessed and taIe<
uniformly, the advantage TO taxpayers
generally and the State at large will
be very great.
The State needs more revenue 70
meet the present dencit, and the idea
II to get more property to tai rather
than to impose more taIes on prop
erty now paying more than i,s share,
and under the new and more equitable
laws this can be accomplished.
The State Tar Commission 10 70
ins abou, the work In the right way
10 subject every kind Of property to
its fair share Of TAXATION and correct
the evils heretofore eIistiny whereby
many property owners paid more thss
their Jus, due and Others escaped
entirely The Comniisisu is endowed
with power to enforce the laws and
bring the delinauens to . sense Of
their responsibility and Obligation 10
the State. and every Taxpayer. A.
SCISSOR and Supervisor should aid In
securing for the State the successful
operation Of the rev laws, which are
fair and Just to all
Where accurate returns are mads
- Of September Let, the property
owners will 30 Immune from pa,
omissions sad dslinQusnts nay Be
proceeded against for ten years back,
90 there 10 every isducensst TO- CEN.
ply with such Just snt sQuabis laws,
and AZ the principles Involved are
worked gu, there will b further 70
auctions In the tas rates, Aad In time
the estlre exemption Of laat for State
purposes, a. IN other States where