Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1923-02-10
.CAPITATION TAX
OF $3.50 IS AIM

CONTINUED From First Page)
estate in each county
"A cspitation tax Of $3.50 on
every citizen Of the state 21 years
= Of age or upwards.
3.-Inoome Of the state School
fund.
: Income tax.
5.-Tax on invested capital of
corporations.
6.-Taxes on corporations col
lected by the state. including fran
chise taxes.
Such moneys as shall be APP
propriated by the General Assembly.
The bin authorizes the state
Treaurer with the approval OF the
Governor to appoint Tax commits
sioner. whose salary shall be s. 500
81 year; a deputy tax commissioner
for New Castle County. NJ salary
Of $4,000; a deputy AK commission
or at large salary $4,000. He is
also authorized TO name such clerks
and other employees as may he
necessary in collecting the tax but
limits the amount that can he spent
for such help TO $1,000 year. The
Gill would also appropriate an
amount not TO exceed $4,000, for
travelling expenses. postage. rent, etc.
with the exception of providing
Tor a $3.50 cap.tation tax 10 take
the place of tn So. filing fee the
bin makes no changes in the school
tax laws as 10 the percentage Of tax
imposed. The schedule OF both the
income tax and the tax on invested
capital OF corporations is unchanged
in the bin.
One important change is made,
however. in the income tax law
which will be welcomed by those
who pay this tax. Under the exist
3rg law the return must be made /
on March Is and paymen, made at ?
the same time. The Holcomb bill
makes no change as 10 the date for
making the return. but gives until ,
June l for payment.
The present income tax law and b
the law providing for a tax on in 4
vested capital OF corporations are F.
incorporated in the bill. but no
change is made as 10 the schedule .
az rates or exemptions, The exemp-
lion for single persons paying the
income tax remains $1,000 and mar
ried persons $1,000 and the rates Of /
one per cent. on incomes not i'm eX-
cess Of $4,000; per cent. on incomes q
NOT in excess OF $4,000. and per
cent on incomes above $4,000 re-
main the same. The tax on invested
capital of corporations remains two
and one-half mills on the dollar.
Penalties for failure TO make
returns. or incorrect returns or
failure TO pay the taxes pro-
vided for are fixed in the bill by
doubling the amount due or adding
certain percentage every month they
are unpaid a penalty OF $500 fine
or six months in prison is further
provided for violating its provisions.
Revision and appeals are author
jed and the bill vests the Superior
court i'm each county with authori-
~ 10 hear and determine such APP
pcals and 10 assess the costs OF such.
The state Treasurer must at all
times maintain q fund OF not less
than $4,000 with which TO pay
refunds.
The proposed act directs the Levy
Court of each county at the time OF
levyins taxes Gor county, road and :
school purposes 20 levy and assess
the new capitation tax of $3.50. It =,
shall be collected at the same time, 7
in the same manner and by the Z
same persons as now provided by =
law for the collection Of taxes for y
county and other purposes. +
As soon as this act becomes y
law the state school tax commits r
s.oner shall transfer 20 the state y
treasurer all papers. documents.
files. records and equipment be- o
longing TO that department and il
the state school tax department and J
the Office Of state school tax com y
missioner and also the office Of per- W
sonal income tax deputy and cor =
porstion tax deputy shall be aboli- y
shed and terminated. J
The last section Of the law pro-
vides that this proposed act shall r
not interfere with the collection Of r
The SO filing fee and income taxes p
due prior to January /, 1924, but a
rs soon as this act shall become a +
law it shall be the duty OF the state p
treasurer, tax commissioner and the
deputy commissioners, TO collect II
such unpaid tax and filing fees and N
10 collect the income tax and the o.
AK on invested capital OF corpora q
ions5 as well as the corporation nj
franchise tax and all the powers II
heretofore vested i'm and the duties d
imposed upon the officers Of the pi
tate school tax department are d
transferred 10 the state treasurer
md the tax commissioner and the r.
leputy tax commissioners pro- VI
fded for in this act.