The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-07
PLAN TO ABOLISH
TAX PENALTIES IS
OFFERED IN SENATE
First Bill of Legislative Session
Would Reduce Cost of
Delinquencies

Abolition OF penalties on real
estate, hail and special assessment
taxes levied for 1882 and subsequent
years Is provided for in the first
measure to be introduced in the
North Dakota senate. It was present.
ed late Friday by Senators ]. p. Cain
of Stark county: S. j. Atkins of
Towner. G. N. Brunsdale of Trail,
and William Watt of Cas-. all I. v.
AS.
The measure would permit the re-
demption on sale OF taxes by pay
ment of the original tax with inter-
est as specified in the tax sale Ger
tificate, but not to exceed six per
cent.
The five per cent penalty that at
taches for the first half of the gen.
eral taxes, hail insurance tax, and
special assessments, on March l is
eliminated, as is the five per cent
penalty that attaches to the second
half of the general tax October l,
Senator Cain said in explaining the
measure. The additional penalty of
three per cent that attaches October
IS to the taxes delinquent March /,
and another penalty of three per
cent that attaches after the sale, are
also eliminated. The rates of inter-
est payable on certificates to coun-
ties is reduced from nine to six per
cent.
Would Reduce Interest
The measure provides that real
estate sold or forfeited to the county
for taxes of 1881, or any prior year.
including hail insurance taxes and
special assessment taxes, and still
held by the county at the time the
act takes effect, may be redeemed
on payment of the original amount
Of the tax levied and assessed, to-
gether with interest at six per cent
year from the date of the tax sale
certificate.
The redemption must be made no
later than December 81, 1885. The
right of redemption would apply to
all real estate purchased by or for
feited to the county and still held by
it at the time the act takes effect,
including cases in which the county
may have sold and assigned its tax
lien subsequent to the taking effect
Of the act.
Explaining the operation of the
measure, Cain said that II farmers
tax amounts to $50 general tax and
$50 hail tax, and he is delinquent
in his payment, he would save $l4.l4
In making redemption one year after
the tax sale, as compared with the
old law.
Carries Emergency Clause
The measure. referred to the judi
ciary committee, carries an emer-
gency clause to make it effective i'm
mediately after passage.
Senators E. E. Greene Of Suits
man county and c. w. Fine Of Ben
son county introduced a concurrent
resolution to memorabilia members
Of state legislatures. urging these
bodies to memorabilia congress to
pass the Frazier farm relief bill
pending in congress. A committee
composed of Fine, Greene and A. w.
Fowler of Cass county was named to
consider the resolution and report to
the assembly Saturday.
The resolution carries an appro-
priation OF $500 chiefly for printing
and mailing Of copies OF the bill to
each member of legislative branches
Of the AZ states to which It would
be sent.
Setting forth that crisis exists
and hundreds Of thousands Of once
prosperous farmers in this nation
have already lost their homes and
their all by mortgage foreclosures be-
cause Of the fact that the price OF
agricultural products has for years
been below the cost Of production, "
the resolution states that unless i'm
mediate relief Is given q condition
will arise that threatens the very
life Of this nation"
Four States Have Acted
The state legislatures Of Montana
North Dakota, Wisconsin and Illinois
the resolution says. have memorial
lied congress to pass the Frazier bill
without delay.
Provisions Of the Frazier bill cal
for refinancing existing farm In
debtedness by the federal govern
ment at Ia per cent interest, and
II Ia per cent principal on the
amortization plan by Issuing federal
reserve notes "the same as the gov
eminent now does for the banks
through the federal reserve banks"
Appointment Of committees Is ex.
pected to b. completed early next
week.
/ Q. A. Ronnins was elected assist.