The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-24
SENATE TURNS
TO CAR LICENSE
INCREASE BILL
Income Levy Measure Goes
to Joint Conference for
Final Form.

bill hinged on the ability of a con-
ference committee to work out a
compromise satisfactory to the two
houses of the Indiana legislature,
the senate today voted a $2,750, 900
a-year increase in auto license
fees.
The license boost bill now goes to
the house on the heels of a senate
measure sent there Monday. divert
ing all license fee revenues from the
state highway department to the
states general fund for property
tax reduction. This year, auto
license fees totaled approximately
s6,O00000. With the increase voted
by the senate, they would become
around 100000 in 1892, first year
Of their diversion.
House Refuses to Concur
Such a contribution to the gen.
eral fund should permit a reduc-
ton Of about 10 cents in the state
tax levy now 20 cents on each 500
Of taxables.
AS was expected, the house this
morning refused to concur in SEN
ate amendments to the personal in
come tax bill and a conference COM
mittee Of three members from each
house will attempt a compromise.
Consideration of the corporate in
come tax bill will be begun in the
senate Wednesday at 1890 a. m. as
p committee of the whole. big
business Of the state has the bill
marked for defeat while Lieutenant-
Governor Edgar d. Bush is making
a determined drive for it's enact
ment.
Suggested Rates
Auto license rates under the SEN
ate bill passed, 81 to 16, today-the
fourth schedule to be considered
follow:
Pleasure Cars-35 cents on each
100 pounds of weight with a
minimum fee of Sc.
Trucks-Up to 1850 pounds,
$40; so cents a 100 pounds for
trucks weighing from 2,551 to
1850 pounds; IS cents a 100
pounds from 1851 pounds to
10,050 pounds, and ST. a 100 pounds
for trucks weighing more than
10,050 pounds.
Trailers-Up to 1850 pounds,
SO cents 100 pounds; IS cents
100 from 1851 to 1850, and 81
above 1850.
semi-Trailers-$25 flat up to
$3.50 pounds; ST. a 100 pounds
from 2,551 to 1850 pounds, and
So 100 pounds above 1850
pounds.
An overwhelming voice vote be-
spoke the house rejection of SEN
ate amendments to the personal tax
bill. House Democrats contend the
levies, as amended in the upper
house, impose too heavy burden
on the small salaried individual.
In conference committee, it is re-
garded certain, the Ketchum
amendment affixed to the bill Mon
day, to require an income tax re-
turn and So filing fee from every
man and woman over 81 in Indiana,
will be eliminated.
Income Tax Rates
Schedule in the individual in
come tax bill as it was returned to
the house today follows:
On the first $1,000 of net in
come, per cent
On second $1,000, 2 per cent.
On the third to the tenth $1,000,
inclusive, 3 per cent.
On all net income in excess Of
$4,000, per cent.
Deductions allowed are: Single
persons $10 married persons, $40;
for each child or dependent, So.
The tax is to be levied, collected
and paid in 1882 on 1881 income or
any income year ending in 1881.
AS amended Monday, exemptions
under the bill are limited to the
Governor, supreme and appellate
circuit court judges-constituti
officers.
With Lieutenant Governor Bush
using every effort to get the senate
to approve the 3 per cent corpor-
ate income tax, as passed by the
house, opponents Of the measure
have dug up new data to thwart
his efforts.
A corporation income tax bill will
wipe from the property duplicate
$88,000,000 in bank assessments they
contend. This contention is based
on the theory that the federal gov
eminent will not allow national
banks to be taxed both on income
and assets and since such is the
case the state banks will also pro-
test and refuse to pay the property
tax.
Banks now pay taxes, levied by the
state tax board, of approximately
S2,500,000 a year The individual
and corporate income taxes are eX-
pected to yield $7,5O0,0OO. With the
bank taxes deducted this would
leave a net of but $5,O00,OO0 it is
pointed out.