Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1919-08-14

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 dol
lars or any part thereof, six per
cent;
On all taxable incomes in excess
of seven thousand dollars, six per
cent.
60 In computing the tax upon in
come of corporations, joint stock
companies 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, surplus and undivided
profits.
in shall be upon the income re-
ceived during the year ending De-
cember 81, 1918, and shall be re-
turned, assessed and collected in the
same manner and at the same time
as is provided for the return, as
sessment and payment of the nor
NAL income tax provided for under
sections 1O87m-1 to 108730, both in
elusive, except as otherwise herein
provided.
81 Deductions and exemptions as
are provided by law in the assess
ment of the normal income tax I'M
der section 1087m-6 shall be the
same with respect to the assessment
of this surtax, but said deductions
and exemptions shall not be addi-
tional thereto and shall only be
made once.
co In the collection of said sur
tax the tax collector shall give his
separate receipt therefor and there
shall be no offset upon the personal
property tax, and section 1087m-26
shall not apply to said surtax.
CD The whole amount collected
as surtaX shall, through the same
channels as other income taxes are
paid, be paid into the state treasury,
and section 1O87m-23 of the statutes
shall not Apply to said surtax. The
int clio to
ury shall be set apart for the service
recognition fund.
60 The service recognition board
shall estimate or cause to be eSti-
mated the amount which may be col
lected under this section and deter
mine, as nearly as practicable, the
balance needed for said fund, which
balance shall be raised by taxation
or bond issues as provided by sec
ton 2 of this act.
SECTION (8). There is appropri-
fund in the state treasury to the SER
vice recognition board;
CD Such sums as may be neces-
sary to pay each soldier, sailor, ma
rine or nurse, including Red Cross
nurses, who served in the armed
forces of the United States during
the war against Germany and Aus
tria, and who at the time Of his or
her induction into the service was
resident of Wisconsin, sum not ex-
ceeding ten dollars for each month
of service, with a minimum Of fifty
dollars.
(2) Such sums as may be neces-
sary to cover the cost OF admins
tering this act.
SECTION 9. A special election
shall be held on Tuesday, September
2. 1919, at which the following ques-
ton shall be submitted: Shall
there be levied in the year 1919, a
mill tax of not to exceed three mills
on the dollar and an income tax suf-
ficient to raise an aggregate sum OF
approximately fifteen million dollars
to be paid by the state to Wisconsin
soldiers, sailors, marines and nurses
as stated in chapter GET of the laws
of 1912"
SECTION 10. Such special cleo
ton shall be conducted, held and
noticed and the ballots to be uSeo
thereat shall be prepared, printed
and distributed and the ballots cast
thereat shall he counted canvassed
and returned in the same manner
as is by law provided in the case Of
the submission of a proposed con
stitutional amendment to vote Of
the people. The state board OF can
vassers shall not meet to canvass
such election returns. The secre
tary of state shall within ten days
after the receipt of the returns from
the different county clerks canvass
certify, record, and publish as in the
case of a constitutional amendmen
the number of ballots cast in favor
of such proposed recognition and tht
number of ballots cast against sucf
proposed recognition.
SECTION II. If majority OF thu
votes cast at such special election
! are in favor of the recognition o
Wisconsin soldiers, sailors, marines
and nurses as provided upon suci
ballots, then the necessary taxes
shall be levied in the year 1919.
SECTION IL. This act shall tax
effect upon passage and publication