Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1919-08-28
Notice Of Referendum Election
on Soldier Bonus Law

statutes, there shall be levied, COL
lected and paid upon the incomes of
corporations, joint stock COMPANIES
or associations, except as otherwise
provided by law, a surtax on taxable
inccne 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 tho 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.
90 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.
(4 The surtax provided for here
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 1087m-1 to 1087-30, both in
elusive, except as otherwise herein
provided.
90 Deductions and exemptions as
are provided by law in the assess
ment of the normal income tax UNI
der section 1087m-6 shall be the
of this surtax, but said deductions
and exemptions shall not be addi-
tional thereto and shall only be
made once.
60 In the collection of said sur
tax the tax collector shall give MS
separate receipt therefor and there
shall be no offset upon the personal
property tax, and section 1OS7m-2t
shall not apply to said surtax.
() The whole amount collected
as surtax shall, through the same
90 ofInr iroOn1n taxes are
maid. be paid into the state treasury,
and section 1O87m-23 OF the statutes
shall not Apply to said surtax. The
amount so paid into the state treas
ury shall be set apart for the service
recognition fund.
(81 The service recognition board
shall estimate or cause to be estl-
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 (S). There is approprl-
ated from the service recognition
fund in the state treasury to the SER
vice recognition board;
% Such sums as may De neces-
sary to pay each soldier, sailor, ma
rine or nurse, including Red GROSS
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 minimum OF nifty
dollars.
roy Such sums as may be neces-
sarv to cover the cost OF admins
tering this act.
SECTION 9. A special election
shall be- held on Tuesday, SEPTEMBER
, 1919, at which the following cues
tion shall be submitted: "Shall
there be levied in the year 1919,
mill tax of not to exceed three mllds
on the dollar and an income tax SUI
ficient to raise an aggregate sum VI
approximately fifteen million oollais
to be paid by the state to Wisconsin
soldiers. sailors, marines and nurses
az stated in chapter 667 OF the laws
of 1892"
SECTION 10. Such special cleo
tion shall be conducted, held ana
noticed and the ballots to be usea
thereat shall be prepared, printed
and distributed and the ballots cast
thereat shall be counted, canvassed
and returned in the same manner
as is by law provided in the case OF
the submission of proposed con-
stitutional amendment to a vote OF
the people. The state board OF can
yassers shall not meet to canvass
such election returns. The secre-
tary of state shall within ten days