The sun., 1919-04-19
STATE INCOME
TAX MEASURE
T0PASS TO-DAY
Both Houses Will. Act Fa-
vorably and Governor
Will Sign Bill.
COLLECTIBLE NEXT YEAR
Residents of Other Places Who
Make Money in n. Y. Must
Pay the Levy.


ALBANY, April 1S.-The Senate to-
night was TO have passed the bill OF
the Davenport tax committee provid-
ing for State income tax to raise
funds needed by the State treasury
but action was delayed owing to con-
ference of the leaders with Gov. Smith
over certain provisions of the measure
and 1t will be passed in the Senate the
first thing tomorrow morning and
then sent to the Assembly, which is
expected to vote unanimously for it.
Agreements were made to-day to
amend the bill as drawn so as to pro-
vide for eXempting State and munich
pal bonds from the State income tax
and efforts were made up to the last
minute to get mortgages on real estate
for 1919 and 1920 exempted in order tc
spur building projects. These failed
and the bill will go through in It's
present form.
Both houses have passed the com.
panion tax meaure increasing the
present corporation tax from to AZ
per cent. and extending It to cover
all business partnerships, which IL
expected to raise several millions ol
dollars. and also have approved and
sent to the Governor for signature
the automobile license increase bill
which would net $4,000 900 in increased
taxes
Before the Legislature adjourns to-
morrow It will pass a bill providing fol
reorganization of the State Tax Depart
ment on a bipartisan basis, with foul
commissioners instead OF three, selected
for four year terms instead of three. a
$4,000 year instead OF $4,000. Th'
three present members, two Republican
and one Democrat. are to be allowed t
serve out thoir terms.
n. Y. Realty Men Win Fight.
New York real estate interests hav
won fight which was waged bitteJl'
all session. The Legislative leaders Il
their conference tonight with the Gov
ernor agreed to put through a bill limit
Ing Inc New 1OEh cSthtc toN 49,
}sessment of 1922 to 2.25 per cent
Real estate now is paying about rs
average in the five boroughs. The Ne'
York county rate is 2.32. The bill tn
real estate men first asked limited Tn
real estate tax to 2 per cent
The Davenport tax committee, heade
by Senator Frederick NJ. Davenport Q
Onieda, Is to be continued for anothe
year to make a final report on the ia
problem of New York State and also I
make a thorough study of the plan 10
limiting the tax on New York real estate
The State income tax calls for lev
of / per cent. on all incomes up I
$4,000: 2 per cent. on incomes In e'
cess of $40. 900, but not in excess of $50
600. and 8 per cent of the amount OF M
income in excess of $4,000. 1t does NJ
exempt income taxes paid TO the Fec
eral Government.
The income tax bill Is so drawn as
provide for a tax levy or persons VII
do not live in New York but who max
their money in the State.
The first tax collected under the hi
will be on 1919 incomes, returns bein
made to the State Comptroller. who wi
administer the income tax law. An al
propriation of 100000 is made to p'
the law into effect.
Definitions of the BiH.
The State income tax bills definition
are:
,rn -a .Y,xnayar'' Includes mr.
person, trust or estate subject to ia
imposed by this article or whose incon
Is in whole or IN part subject to a ia
imposed by this article, 'and does not II
clude corporations
The words military or naval fore
Of the United States include Il
Marine Corps, the Coast Guard, II
Army Nurse Corps (female) and Il
Navy Nurse Corps (female), but tn
shall not be deemed to exclude 9th
units otherwise included within su'
words.
The words taxable year" mean Il
calendar year, or fiscal year ending du
ing such calendar year. upon the bas
of which the net income Is compute
under this article. The words "fisc
year" mean an accounting period
twelve months. ending on the last day
any month other than December.
The word '.fiduciary" means a qua
dian, trustee. executor. adminstrat'
receiver, conservator, or any perso
whether Individual OF corporate, actil
in any fiduciary capacity for any perso
trust ar, estate.
TheN ID paid" for the purposes
the deduetions and credits under Il
article, means paid or accrued
paid or incur, d." and the terms pa
or incurred" and paid or accrued sh'
Continued on Eighth Pa0e. -