The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1923-03-01
STRICT BANK
MEASURES ON
THECALLENDAR
House Clears Way on General
Budget Bill by Long
Night Session
o. X. TAX MEASURES
rs Per Cent Valuation, Re
mOval of Exemptions to 60
Over in Assembly Today
o. X. TAX MEASURES

The House today passed the
two most important banking bills
of the session. both of which
originated in the senate and
were amended in the house max
ing II necessary for the bills to
20 back to the senate for action
before they go to the governor.
S. B. ESQ enlarging the powers
Of the depOsitOrs guaranty fund
commission passed 81 to IS with
one absent. The opposing votes
were all nOnpartisan except Cole
Of Sargent county and Rabe Of
Stark. Eckert, Lacquer, was alb
sent. S. b. 267 creating the posi-
ton of supreme court commits
missioner to act in banks liqui-
dation proceedings and placing
original jurisdiction in the su-
preme court passed SO to 81 with
one absent. Rep. Rabe voting
for the bill. The house passed
the general state department
budget bill and three bills pro-
posed by the state regulatory
department enlarging the inspcc-
ton of drugs and food, bevcr-
ages, and petroleum products.
The house passed S. Il. 20,
the Hail insurance bill. with an
amendment reducing the three
cent flat acreage to one cent
an acre in a form acceptable to
the hail insurance department
as permitting retention Of tax
over collection penalty and in
terest but not as to the one cent
flax tax, the department having
suggested a compromise ar
rangement for a graduated flat
tax. The vote was 50 to 50.
The house also passed S. B.
lag removing all exemptions
from taxation except farm inn
prOvemCnts, and the usual
church and charitable institu-
tiOn exemption, the vote being
So to 49, and passed s. b. 255
providing property shall be val
ucd for taxation on a IS per-
cent basis instead of true cash
value, the vote being SO to 40.
The senate killed the 100000
Fargo bridge appropriation and
the Des Laos Lake bridge appro-
priatiOn but kept alive for fur
ther action the $4,000 WiIliston
bridge appropriation. The sen.
ate also passed II. b. l18 apprO-
priating money to pay expenses
of the house investigation Oi
state industries Of two years
ago.
The fate of some of its most il
ortant bills will be decided in t.
ighteenth general assembly today
With but one more day of the Sc
ion, both house and senate wcr
ndeavoring to settle definitely tn
iggest problems still before then
he senate was sure Of clearing Il
ecks SO that it would not be cauph
4 lastminutc traffic jam" III
ouse was working to the same ell,
nd Speaker Johnson had put IL
'ngest and most complicated biz
head to be disposed of today.
The house of representatives vi,
lally settled some of it's big prol
Ems in session last night WIKI
ontinued until midnight. Tod +,
Mess lines broke, it was expect
D pass them.
Among the bills slated for pass
&c today were:
5. B. 25O-Enlarging the power C
ne Guaranty Fund Commission t
cal with closed banks and S. B. 26
lacing definite court responsible Z
a liquidation proceedings, the las
f the important bank bills.
S. b. 146--Revising the taxati0
laws, eliminating practi
ally all exemptions except on farq
and improvements remGv
d; s. B. 255 providing for valua
ion of property on a rs percen
asis.
S. B. 90 Revising the hail insur
nee laws, and amended in the hous.
of the whole to cut the
ent an acre flat tax to one cent 4
ere, but providing the departmer
lay retain all taxation ovcrcharge.
,terest and penalty estimated /
mount to $1,OOO,0OO.
S. B. 8S-The general budget b.
roviding appropriations for sta
apartments, which was approved i
ommittee of the whole house pra.
Ically unchanged from the senat
igures.
The house, after passing sevcr;
ills, went into committee. Of tn
hole last night to settle impori
mt measures litsed above. There wa
debate on the ament
tent to senate bill No. 20, cuttin
he flat acreage tax for the hail in
urance revolving fund from to
ent an acre.
Debate Reyolvinx Fund
Rep. Kopp, Stark county, spexkin
5 y member Of the Insurance. CON
,ittee, asserted that 1--WE are givfn
he hail insurance department NOR
<Co1tinusd % Pses Three)
Pa \ y