The Hartford republican. (Hartford, Ky.) 18??-1926, 1922-03-31
i @Gs% ...si' SsGE TAX BILL
VETOED BY GOVERNOR
Industries Would Be Driven
From State, Says
Executive.


-'raoa5Nson tax bill and the Nelson
aEg prohibiting the parole of long
Siisae prisoners He also vetoed the
Ninnr bill permitting banks to charge
for exchanges which was defeated
.s4y.ssEpr0lied by mistake. He did this
IN W. perfectly safe.
~ zeroiug the Thompson bill the
cTSEzsrszur recited the history of the
zJryxscR tax law, which ., he said. sin
tie sasor1 time il has been in opera
rfrx rgs proven its worth and has
shx argrOvRl in all substantial fea-
rn-sx ~ practically every thoughtful
ssiHssH-
AS result of its provisions many
-rIlar Et2cturing plants with invest
rTssz'Ss~5f millions of dollars have To-
.c:.Jz8F ~ the Commonwealth and have
sxTEy7 sruployment to thousands of cit
5xens and pay of these employees has
ilszpss1 abe general business of the
,f.tyaEfz7z nifty. The location of these
rsI5h71ss has increased the taxable
property of the State and has reliev
Ell 0zser property of some of the
EhlEaaF OF government"
H.ysb Drive Away Industries.
EEfpina tion of the provisions ex-
czraggryg manufacturing plants and
INV materials from local taxation he
szsa,, wiz not only prevent the loea
.-SunI n xRfser factories in Kentucky, |
ISnIy ETQ 20 far toward driving from
aIuz CzzzznHnwealth some of the great
zntSqszrUs located here"
IL Thsn showed how under the
pzssssxs law intangible properties
ryhzs n 1916 yielded $3S6,OOO reve-
zyzgr M the state last year produced |
81 .1SS $3.50 enabling the State to re-
tlzI2sH She tax rate on all property |
frs-x - ~ 40 cents. A so per cent |
i1sssrrzsss ON this kind of property, he
8lyszz1sEsss- VIE drive it back into hid
zH9S MoreoVer, he added, only about |
six sG1Ap tIes in the State will receive
zaaE asIafit from local taxes on in
Ssazs1sas properties which is found
.aIfz0z exclusively in larger cities.
Tzsz Governor said that the local
rES1 GA szorRd agricultural products
yyrzs1sSs7 for in the Thompson bill,
~'tss1aKs add many thousands of dol
tsrszS ina tax burden of farmers who
Esayz LaRir tobacco stored in the ware
hszass al the Farmers Cooperative
Marketing Association"
Ssz also showed that the $780,
u9e TylfucI1un in State revenues I'M
staez lss Thompson bill would hurt
yhss common schools, University and
NeGEasl schools, eightesn-fortieths of
III aNaniog out of the common school
c1H,1,l, uhich would have to be made
Nv oy an increase in the local school {
t1Izxzl So that, he said "when this I
inrssssa is taken into consideration
IL Ia BIY Judgment that in the long
rslF Eh5s hill would add to the tax bur- {
rfssszF sai the farmer rather than take 1
EtnsE 6aem." i
liz GnNclusion the Governor pointed I
sat tnat although State taxes would :
BE- rxt8uced 100000 annually local
.-zzex wDnld be increased, $1,50O,000
-- "a, the Thompson BILL" thus i'm
Ssss,Irzs ON the people of this State an
sIi.zIlazm al tax burden of approx
nzsssyy $500, 900 with no substantial
asu<6z 10 the mass of taxpayers OF
sIis S171e"
"Tss Thompson tax bill was intro
in gssa8 m The House of Representatives
Oh Yaornary l, by w. C. Wheeler,
:lil:slzynaJn of the committee on reve-
yuS, and taxation in the House of
Personalities. 1t was admitted,
llSzSZF,sr, that the measure was the
nrgxplIon of James II. Thompson
u Esy1rbon County, Speaker, and that
,yEd3a1 Jeff the chair on March 10
zsF directed the battle which result
"a IN the bill passing the lower body,
ST ID =
Speaker Thompson claimed that
EhE hiil was drawn by him after five1
ysa rs OF study on the subject and that
u Hzs really a true classification tax
.as aua 1hat it would help the far
MeT-
IIne Speaker also remained in the
aruaxa during the period in which
ire OH was being debated there and
AzsE X was passed by vote of Fl to
rs on March Z.
Fhe Senate made a number OF
gnIaTsjnents TO the measure, increas-
ux fhe TAX rate on farm lands to 80
.e1cS and leaving the rate for town
OTIS a1id improvements at 30 cents
Isr STAR purposes. This was said to
- M errs and an effort was made
Il |