The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1919-03-26
STATE TAX LAWS
Continued from PAGE Onel


be ready al any and all times 20 pro,
ducc the written request 1ld to provo
tho date on which the same was lied
with you. You should not teceiv, or
file any written request after mid,
night OF April 20. s,..- ,rt
THE names Of the .enlalos Who Gle
these written requests should sppesr
In your abstract aud grand list In al.
phaheticai order. lie, ne say again
that the fact that von.Ga'y namo
now appears on your list as the own,
or of personal property, or OF rial es-
tate. or OF both, and thu FAC. that she
tlcs an inventory does not aothorilu
sou to set the poll OF uch feaielc IN
the grand list Of the own. Such poll
can only DC set In 'ee l!si npon her
written reques, fled w.'h you as pfo.
vided by law la'
''An Offset is that omolnt which IN
der the law may be deducted from
the total taxable personally owned by
taxpayer. II can never be deducted
from the realty. The amount OF the
offset to which taxpayer Is entitled
depends upon the amount OF his in
dcbtedness bearing per cent inter,
est. Tho maximum offset to which
any taxpayer is entitled is $1,000
but It may be less.
j ~ taxpayer claiming an offset
shall include in his inventory q
statement OF his Indebtedness on the
first day of April for which an offset
is claimed giving the name OF each
creditor, his postoffieo address, the
amount due, the date which such dcht
was contracted and the rate of inter
est, II any, on each debt; include n
his inventory statement of The
amount OF his stocks bonds and loan.
exempt from taxation by tho laws q
this state, and the amount OF his saw
ings deposited in all savings. banks
savings institutions and trust com
panics and savings departments O
national banks in this state and hi,
ordinary charges OF book account rel
resenting the purchase price Of tang
IDLE personal property on which II,
interest IL charged.
III he includes in his list OF indcbt
cdness debts owed by him to persons
residing without tho state, furnish L
the listers statement from cacl
creditor of such Indebtedness sub
scribed and sworn to by him in
form satisfactory to the listers; sub
NIT to examination under oath an
furnish additional proof II requires
so TO do by the listers. If taxpaye
claiming an offset does not compl
with the foregoing provisions, hi
claim for an offset cannot be conSid
cred No offset can he claimed or a
lowed on any Indebtedness whic
does not bear per cent interest
nor on debts on which no interest
payable or on which n rate OF interes
less than per cent per annum
payable; nor on any debt INQUIRE
subsequent TO the FIRST day OF Marc
In such year
r "a taxpayer who has been enable
TO borrow money at per cent ca lc,
. ser rate than the legal ratel, by reai
on OF the fact that such a loan to hir
is exempt from taxation when propo
. ~ evidenced has had the benefit G
. the offset feature OF the law. No OF
, set can be claimed or allowed unles
! based on an Indebtedness bearing
J pc, cen, interest
Taxes on lands owned by tn
8 state are payable in the town whcr
, they are situated.
Collateral security is taxable /
. th' ownef
: Follow the statutes carefully
, trying to legallze defective gran
: list
u Commercial deposits in nation,
/. banks are taxable
Lists OF soldiers and sailors shuu
he taken