French Broad hustler. [volume] (Hendersonville, N.C.) 1916-1919, 1919-03-27
in each county shall be valued in tie

in each county shall be valued in TIE
same way and up to the standard.
The Legislature also came to re-
leigh with a full realization hat an
accurate valuation of all the property
of the State was a large undertaking,
requiring not only adequate organiza-
ton and means, but time in which to
make adequate Investigations. The
will to do equity, without the means,
is impotent. So it's first definite con-
clusion was that this work should noc
be hurriedly done-that it would not
undertake to have real estate re-
valued at all for use in the year 1919,
but that it would give all the time
possible for the prosecution OF this
work by giving a whole year more OF
time than has ever before been given
in this State to a re~valuation Of prop
The machinery for this r~evalua-
ton was enacted in a separate bill.
Subsequent articles will treat OF diff
ferent sections and provisions Of this
act.
Tex Listing Fer 1913.
The usual form Of Machinery act
was reenacted with some important
amendments, for the regular listing OF
personal property this year. The
Boards of County Commissioners i'll
the several counties will appoint, at
their regular meeting in April, W
ship Iist-takers for taking the lists OF
personal property in the usual way i n
the months of May and June, and will
bring forward the old valuation of real
property.
No More Listing Bank Stock.
One important change, applicable to
listing this year, does away with the
listing of shares of stock in banks by,
the shareholders. The tax in each
case will hereafter be charged against
the bank instead of the shareholder,
and paid by the bank. This has been
the rule as to all incorporated COM
panies other than banks. Banks are
permitted, as heretofore, to deduct
State bonds issued since 1910 from
surplus, and are permitted to de-
duct Federal and State bonds to tie
extent OF % per cent OF capital n
surplus if held three months prior 10
date of listing-May first-and can de-
duct Federal bonds Of the Few issue
of Victory Bonds to be issued IN
April. if paid for by April 3O51.
List Income fer Eight Months Instead
of Year.
For the year 1919 taxpayers will be
required to list their income from
salaries and fees for the eight months
from May 1, 1918, to January 1, 1919
instead Of for a full year. This change
is made for the purpose of having fhe
State income tax year conform 10 me
| calendar year, or to the same period
as that used by the Federal Govern
nent and after this year income Will
he reported by the State for the tail
calendar A slight change IS al
ca made in the exemptions, favorable
to married men. The exemption Is re-
duced for single men from $l,2oo per
uoor 70 81 600. and for married men
or widows and widowers having MINOR
children the exemption is increased
from $3.50 to $1,000. For the year
1919, in which the income reported IS
! Cor eight months, the exemption IS
nrorated accordingly and will lie
s666.66 and $1,000, respectively.
Don't Forget to List Your Dog.
h taxlister in every township III
+he State this year will want to now
;P Won own a dog, or if any member OF
vour family owns a dog, and it you
admit the insinuation the tax will &c
500 for males and $500 for female
dogs. which will go to the school fu10
of the county.
These are the only material changes
respecting your tax list for MS year
Tine next article viii iaAi WIN SOHO
features of the revalIation act.
The naval appropriations 1ncluoeo
e5 ooo ooO for the bureau of medicine