The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-03-29

for each month or fraction thereof ID
added to the tax
The form upon which returns are "a
be made, as Mr.. Judson says, has no,
been completed, but II Is to be made al
simple as possible.
1T will in no way be as comprehen-
sive az the Federal return" he declared
il undoubtedly will be n one page
return. to be issued by the state Tax
Comm ssion. The questions to be asked
probably will be as follows:
What amount did you pay to the
Federal Government
Are you n state officer or employee p
What amount OF dividends did yor
receive from stock In corporations, either
domestic or foreign"
The FIRST question will indicate tht
amount OF tax required to be paid &c
the State. The second question will take
care of the Increased amount that STATE
officers and employees will have to pay
and the third question will show tn,
amount to be paid on dividends declared
on stock The exemption questions viii
be about AZ follows:
Are you married or SINGER
How many persons under Is years Of
age are depending solely upon you fol
| support7'
Payable 60 Comptroller.
How many persons physically oil
mentally incapacitated are wholly de-
pendent upon you for supportr'
From these questions the taxpayer viii
be able to compute the amount OF tai
that he or she must pay the State.
The bill provides that the State Ia,
Commission shall administer tho tax
Power II given to appoint necessary
agentA who presumably will be located
In judicial districts. The tax 10 TO b,
paid to the State Comptroller in Albany
Fifty per cent OF the amount col
lected will be returned to the localitie,
upon the basis OF the actual and moi
equalizsd assessed valuation.
The returning Of the tax upon ths
actual assessed valuation" Mr.. Judsor
declared. will have q much different
effect than II returned on the equalixet
assessed value. At the present time q
great many counties are not assessing
anywhere near full value and BY return
ing II upon this basis they will be en-.
Outraged to raise their valuations"
Personal Property Tar
The committees personal property In,
bin levies an annual tax OF Ave mill
on each dollar of full value OF al
tangible personal property owned OF
controlled by an Individual or partner
ship and situated within the State II
cxoess Of $1,000. the tar to be lsviet
and collected in each town and city ant
| to take the place Of the existing Per
sonal property tax.
Tangible personal property" 10 de
nned to mean corporal personal prop
erty. such as machinery. tools. nipple
! ments and goods, wares and merchan
disc. and shall not be taken to NEAR
| money, deposits in banks. shares o.
stock. bonds, notes, credits or evidences
of an interest in property and evidences
OF debt. Deductions OF debts In no
allowed. The act takes effect August
1919.
Tho corporation tax bill says tn,
| term personal property" for the pur
pose OF exemption from assessment
thereon locally shall not include boilers
ventifating apparatus. elevators. plumb
ing. heating, lighting and power gener
ating apparatus, shafting pther thar
counter shafting equipment for the dis
| tribution OF heat. light. power. gases ant
liquids, nor any equipment consisting
of structures or erections to the operation
Of which machinery Is not essential.