The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1919-08-07
be subsection (6) thereof.

ton 658 of the statutes new SubSec.
tion to read: Section 65s) (5) For the
purpose Of carrying out the provisions
of chapter 452 Of the laws of 1919; but
bonds issued in any county for such
purpose shall not exceed in amount
three mills on each dollar of the total
assessed valuation of such county.
SECTION Z. (1) In Addition to the
normal tax imposed by section 10S7m-6
of the statutes, there shall be levied,
collected and paid upon the incomes of
all persons, except as otherwise pro-
vided by law, surtax on taxable in
come computed at the following rates,
to-Wit:
CAY On the fourth one thousand dol
lars or any part thereof, one and three
fourths per cent;
(b) On the fifth one thousand dol
lars or any part thereof, two per cent;
(cl On the sixth one thousand dol
lars or any part thereof, two and one
half per cent;
(d) On the seventh one thousand dol-
lars or any part thereof, three per cent;
(e) On the eighth one thousand dol
lars or any part thereof, three and
one-half per cent;
(f) On the ninth one thousand dol
lars or any part thereof, four per cent;
(g) On the tenth one thousand dol.
lars or any part thereof, four and one
half per cent;
fhN ~ ~ o1oxva,,4h oysa Al o,,s.,., i
dollars or any part thereof, five
per cent;
ID On the twelfth one thousand dol
lars or any part thereof, five and one
half per cent;
I'D On any sum taxable as income in
excess Of twelve thousand dollars,
six per cent.
e In addition to the normal tax
imposed by section 1087m-6 of the
statutes, there shall be levied, collected
and paid upon the incomes Of corpora
tions, joint stock companies or associa-
tions, except as otherwise provided by
law, surtax on taxable income com
puted at the following rates, to-wit:
On the first one thousand dollars or
any part there of, 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, two per cent; on the
On the fourth one thousand dollars
or any part thereof, three and half
per cent;
On the fifth one thousand dollars Or
any part thereof, four per cent;
On the sixth per 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.
~ In computing the tax upon in
come Of corporations, joint stock COM
panies or associations, there shall be
deducted, before such tax is computed,
from the net income an amount equal
to six per cent of its capital stock,
surplus and undivided profits.
a. The surtax provided for herein
shall be upon the income received dur
ing the year ending 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 and payment Of the
normal income tax provided for under
sections 1087m-1 to 1o87m.30, both in
elusive, except as otherwise herein
provided.
(5) Deductions go exemptions as
are provided by law in the assessment
Of the normal income tax under. section
1087m-6 shall be the same with respect
to the assessment Of this smtax, but
said deductions and exemptions shall
not be additional thereto and shall onlv
be made once.
co. In the collection of said surtax
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.
~ The whole amount collected as
surtax shall, through the same chan
nels as other income taxes are paid,
be paid into the state treasury, and
section 1087m23 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.
(S) The service recognition board
shall estimate or cause to be estimated
fhe amount which may be collected
under this section and determine, as
nearly as practicable the balance need
ed for said fund, which balance shall
be raised by taxation or bond issues as
provided by section Of this act
SECTION s. There is appropriated
from the service recognition fund in