Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1919-08-15

by section lO87m-6 of the statutes, there shall
be levied, collected and paid upon the incomes
of corporations. joint stock companies or assoc
ciations 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.
81 In computing the tax upon income of cor
porations, joint stock companies or associa-
tions, 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.
az The surtax provided for herein shall be
upon the income received during the year end
ing December 81, 1918, and shall be returned,
assessed and collected in the same manner and
at the same time as is provided for the return,
assessment of the normal income tax provided
for under sections lO87m-l to 1OS7m- 30, both
inclusive, except as otherwise herein provi-
ded.
(5) Deductions and exemptions as are provi-
ded by law in the assessment Of the normal in
come tax under section 1087m-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
be made once.
t6l In the collection Of said surtax the tax
collector shall give his separate receipt there
for and there shall be no Offset upon the per-
sonal property tax. and section 1O87m-26 shall
not apply to said surtax
"a The whole amount collected as surtax
shall, through the same channels as other in
come taxes are paid, be paid into the state
treasury, and section lOS7m- 90 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
1877 The service recognition board shall esti-
mate or caused to be estimated the amount
which may be collected under this section and
determine as nearly as practicable, the bal
ance needed for said fund, which balance shall
be raised by taxation or bond issues as provid-
ed by section of this act.
SECTION g. There is appropriated from
the service recognition fund in the state treas
ury to the service recognition board:
"a Such sums as may be necessary to pay
each soldier, sailor, marine or nurse, including
Red Cross nurses, who served in the armed
forces of the United States during the war
against Germany and Austria and who at the
time Of his or her Induction into the service
was a.resident of Wisconsin, a sum not exceed
ing ten dollars for each month of service, with
minimum of fifty dollars
10 Such sums as may be necessary to cover
the cost Of administering this act.
SECTION 8. A special election shall be held
on Tuesday, September 2, 1919, at which the
following question shall be submitted
''Shall there be levied in the year 1919, mill
tax Of not to exceed three mills on the dollar
and an income tax sufficient to raise aggre-
gate sum of approximately fifteen million dol
lars to heIpaid by the state to Wisconsin sol
diers, sailors, marines and nurses as stated in
chapter 667 of the laws of 1892
SECTION TO- Such special electlon shall be
conducted, held and noticed and the ballots to
be used thereat shall be- prepared printed and
distributed and the ballots cast thereat shall
be counted, canvassed and returned in the same
manner as is by law provided in the case Of
the submission Of a proposed constitutional
amendment to vote of the people. The state
board OF canvassers shall not meet to canvass
such election returns. The secretary of state
shall within ten days after the receipt Of the
returns from the different county clerks can
vass, certify, record and publish as in the case
of constitutional amendment the number of
ballots cast in favor of such proposed recogni-
ton and the number of ballots cast against
such proposed recognition.
SECTION H. If a majority of the votes
cast at such special election are in favor OF the
recognition of Wisconsin soldiers, sailors, mar
ines and nurses as provided upon such ballots.
then the necessary taxes shall be levied in the
year 1919.
SECTION IL. This act shall take effect up
on passage and publication.
Approved July 26, 1919.
Published July 80, 1919.
State of Wisconsin, 60
Department of State.
/, MERLIN HULL, Secretary of State of
the State of Wisconsin, do hereby certify that
| the above and foregoing is a true copy of Chap
ter 667, Laws of 1919, and that same has been
compared by me with the original enrolled act
now on file in this department.
further certify that if the result OF said
referendum election is in favor of the ratifica-
ton Of the above law it will provide a payment
of Ten Dollars per month to each Wisconsin
soldier, sailor, marine and nurse. for each