Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1919-08-29

lars or any part thereof, three per
cent;
lei On the eighth one thousand dol
lars or any part thereof, three and one
half per cent;
III On the ninth one thousand dol
lars or any part thereof. four per cent;
(g) On the tenth one thousand dollars
or any part thereof, four and one-half
per cent;
(hl On the eleventh one Thousand
dollars or any part thereof, five per
cent:
ID On the twelfth one thousand dol
lars or any part thereof, five and one
half per cent;
CD On any sum taxable as income in
excess of twelve thousand dollars, six
per cent
(2) In addition to the normal tax inn
posed by section 1o87m-6 of the stat
utes, there shall be levied, collected
and paid upon the incomes of corpora
tions. joint stock companies or associ-
ations, except as otherwise provided
by law, surtax on taxable income
computed at the following rates to-
wit:
On the first one thousand dollars or
any part thereof, two per cent; on the
second one thousand dollars or any
part thereof, two and one half per
cent;
On the third one thousand dollars or
any part thereof, three per cent;
On the fourth one thousand dollars
or any part thereof, three and one-half
per cent;
On the fifth one thousand dollars or
any part thereof, four per cent;
On the sixth one thousand dollars or
any part thereof five per cent;
On the seventh one thousand dollars
or any part thereof, six per cent;
On all taxable income in excess of
seven thousand dollars, six per cent
| (S) In computing the tax upon in
come of corporations, joint stock COM
panies or associations, there shall be
deducted, before such tax is computed,
from the net income an amount equal
to six per cent of it's capital stock, sur
plus and undivided profits.
/ (4) The surtax provided for herein
shall be upon the income received dur
ing the year ending December 81, 1918,
and shall be returned, assessed and
collected in the same manner and at
the same time as is provided for there
turn, assessment and payment of the
normal income tax provided for under
sections 1087m-1 to 1087m-3o, both in
elusive, except as otherwise herein
provided.
o. Deductions and exemptions as are
provided by law in the assessment of
the normal income tax under section
10S7m-6 shall be the same with respect
to the assessment of this surtax, but
said deductions and exemptions shall
not be additional thereto and shall only
only be made once.
! (6) In the collection of said surtax
the tax collector shall give his separate
receipt therefor and there shall be no
offset upon the personal property tax,
and section 10S7m-26 shall not apply to
said surtax.
/ (7) The whole amount collected as
surtax shall, through the same chan
nels as other income taxes are paid be
paid into the state treasury, and sec
tion 1Os7m-23 of the statutes shall not
apply to said surtax. The amount so
paid into the state treasury shall be
set apart for the service recognition
fund.
~ The service recognition board
shall estimate or cause to be estimated
the amount which may be collected
under this section and determine, as
nearly as practicable the balance need
ed for said fund, which balance shall
be raised by taxation or bond issue as
provided by section of this act.
Section 8. There is appropriated from
the service recognition fnnd in the state
- r.