The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-08-20

S100,000.00o had been invested there. He
! said there had been a s., 900 increase
! in tax values, notwithstanding immense
quantities of property acquired by the
government had been taken off the tax
books.
TO VOTE FOR EXEMPTION
Senator Talley, of Jackson, says he
! finds that he. like other men, is selfish,
and when the Muscle Shoals development
is mentioned he must vote for the e.
| emptions
| Senator Espy withdrew his amendment,
and on the adoption of the committee
amendment Senator Phillips called for
| yea and nay vote, which resulted as
! follows:
For exemption: Acker. Baker, Beale,
| BEDSIDE, Briscoe Brown. Carmicha Ell,
Cowan Craft Ellis, Espy Evins Grif-
| fifth. Gunter. Kelly, Reith, Miller Me
! Dowell Rogers of Sumter, Sims, Smith
of Coosa. Smith of Lawrence. Tally,
%.
Against exemption: Harper of
Shelby. Huddleston, Morris, Nance,
Phillips, Priesthood and West. Tai
ly. I.
Senator Carmichael offered en-
amendment exempting for 10 years
the buildings, machinery, appliances
tand capital stock of individuals or
corporations operating air nitrate
plants now built. The amendment was
| adopted
The clauses exempting waterpower
companies, cyanide plants. cotton
mills and other Industrial plants.
which the house struck out of the
| original bill, were restored
Senator Prestwood of Covington Ct
! fered an amendment levying a tax of
SIS cents on the 800 on solvent
credits and written evidences of debts
| his vol, i
the recording tax on mortgages 10
| debts and obligations that do not hsye
| to be recorded under the law. He in
sisted that if this kind of property
! were taxed it would not be necessary
to pursue the new modes of taxation
which have aroused so much opposi-
| ton throughout tho state and which
| have been denounced az class legis,a
| ton.
Senator Acl1er opposed the amend
ment, declaring it wouh apply only
to loans made by state hanks ana
would have to be paid on, short time,
| terms National banks could NOV be
REQUIRED to pay the tax. Senator Acker
said. and 1T would, therefore, work a
| hardship on the state bank and the
borrower.
Senator Morris of Dale said if the
tax would come out of the lender he
to be paid by the borrower he op-
| posed it,
The amendment was tabled by vote
| of 20 for to 7 against on motion of
Senator Acker whereupon an amend
ment recommended by the finance and
taxation committee. exempting from
taxation all property owned by
churches. educational and charitable in
stitutions. except that which is leased
or rented for nrofit. was adopted
DOCKET FEE ADOPTED
An amendment providing for the
taxing of docket fee of So, to be col
lected as other costs, in each case filed
in circuit court of the state, was
adopted. The money thus raised will be
paid into the state treasury as partial
reimbursement for increased salaries
of circuit and supreme court judges and
judges of the court of appeals
! An amendment providing for the pay
ment of the corporation franchise tax
TO the state board of equalization and
by it turned over two-thirds to the
state treasury and one-third to the
| treasury of the county or counties in
which the corporation is located or
does business was adopted. This
amendment Senator Acker explained,
will make the franchise uniform
throughout the state. and prevent cor
porations paying where the tax is low
est.
The penalty for failure to pay the
franchise tax within 80 days after it
is due was reduced from 10 to per
cent by amendment recommended by
the finance and taxation committee.
By an amendment the tax assessor
and tax collector will not be required
to visit every precinct in the county
or to post notices of same as provided
under existing law. 1t is left optional
with the county boards of revenue or
for the assessors and collectors to at
tend.
Foreign land loan companies. by an
amendment, are exempted from tax on
incomes derived from loans secured by
r mortgage, provided the loan is made
: at 8 per cent or less, including all COM
! missions and charges.
Domestic and foreign life insurance
A companies, by an amendment, are ex-
empted from payment of income tax.
EXCESS PROFITS ELIMIN ATED
The excess profits chapter wa.
! stricken out by unanimous vote.
! Gasoline filling stations located
. outside of municipalities are exempted
from the payment of license, while
those with two or more pumps must
pay $40.
Billposters. by paying an annual
state license of $500, may operate In
any county without additional license
but must obtain owners consent 20
post bills on private property.
| The license on commercial agencies
was reduced from, $500 to $500.
| The license on express companies
u H.. diva cod