Every evening, Wilmington daily commercial., 1920-04-15
LEGISLATIVE MOVE
TO CURB RENTS
Bill to Give City Authority to
Limit Revenue From Realty on
a Basis Of Assessment.
stan Correspondence of Every Evening
STATE HOUSE, DOVER, April IL

stan Correspondence pl ENtfy bNchihe
STATE HOUSE, DOVER, April 10.
Representative Lyons, by unanimous
consent, introduced in the Legislature
yesterday an act .authoriaing the Slty
Council of Wilmington to levy and collect
axes upon excess rentals oi real estate
and 70 adopt such ordinances as may
he proper and necessary to carry the same
into effect. The provisions OF the bill are
AS follows:
Section |. That f'The. Mayor and
Council of Wilmington be and the same
is hereby authorized and empowered TO
levy and collect taxes upon excess rentals
of real estate within the City OF VII
mington, and adopt such ordinances as
may be proper and necessary 10 this end,
with suitable fines or penalties for non
compliance Herewith or violations there
Of.
Section .. That the basis of said taxes
shall be as follows, to wit:
Owners of real estate shall tie entitled
To- receive in rental net more than the
sum OF one dollar per month for each
one hundred dollars OF the assesse
valuation of said real tate rs appears on
the city assessment books for the then
current fiscal year, during which, and for
any part of which. such renewals are
received, without being liable for the pay
ment of any excess rental taxes as herein
provided for All amounts received by
any owners of real esta te, within the
city Of Wilmington, in excess OF the sum
If one dollar per mouth for each one
hundred dollars of the assessed valuation
OF said real estate as appears on the Clty
Assessment Books for the then current
fiscal wear. during which, and Tor any
part OF which, such excess rentals are
received, shall be deemed 20 he excess
rentsls within the meaning OF this Act
and shall be liable and subject TO an
excess rental tax, at a rate not TO exceed
TWENTY-FIVE per centum of the amount OF
such excess rentals SO received, 10 be
levied and collected in such manner as
tho said The Mayor and Council of
Wilmington hy proper and necessary
ordinance or ordinances, shall provide.
section g. That in any case where a
tenant sublets any real estate, within
the limits of the City OF Wilmington,
such tenant shall be entitled 70 receive
from such sub-tenant a gross proht OF
twenty per centum over and above the
amount paid hy such tennat to the owner
of the said real estate, without beng
liable for the payment of any excess
rental taxes as herein provided for All
amounts received by tenant from a
sub-tenant in excess of gross profit OF
twenty per ccntum over and above the
amount paid by such tenant TO the owner
of the said real estate. shall be deemed
to he excess rentals within the meaning
az this Act and shall be liable and subject
10 sn excess rental tax, az rate not 70
exceed fifty per centurn OF the amount o.
such rentals so received. to be levied and
collected in such manner as the said The
Navor and Council Of Wilmington BY
proper and necessary Ordinance or ol
dinances. shall provide.
Provided, nevertheless, that IN case OF
furnished rooms. the said The Mayor
and Council of Wilmington, may make
such reasonable allowances or exception:
- 20 IL shall be deemed 20 be for the best
interests of the public, and ss 10 the salc
The Navor and Council Of Wilmington,
shall te deemed 20 be most equitable
and Just 10 all parties concerned.
Section & That any taxes levied snd
collected under this Act, shall be IL
addition 70 any other taxes OF any kinc
whatsoever now levied and collected
according to law.
Section ! That all acts and all part
of acts inconsistent with the provisions o
this act, be and the same are hereb,
repealed 70 the extent OF such incon
Sstencv