The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-04-03
WILL REPORT
REVENUE BILL
OUT TONIGHT
2 Per Cent General Sales
Tax viii Be Feature
of N. {. Measure
AMENDMENT TO 3
PER CENT EXPECTED
BY HENRY LESESNE
The Times. News Bureau
SIR Walter Hotel

RALEIGH. April 3.-Although
the revenue bill to be introduced
in the house tonight is based upon
a per cent sales tax, it is be
heved here that this rate will
finally be raised to S per cent 10
take care of an eight months
state supported school term be.
fore the bill is approved by both
houses. An eight months school
term has been written into the APP
propriatiOnS bill by the senate, but
the house has not yet had q
chance to express itself on the
longer school term.
The revenue bill expected to be
introduced in the lower branch of
the general assembly tonight was
reported out solely by the house
committee. the senate branch re
fuSing TO join in any report which
did not provide revenue for an
eight months term. Meanwhile
the confereeS on the apprOpria-
tions measure are scheduled ID
make a report to the assembly
either tonight or tomorrow.
The appropriations bill passed
by the house called for general
fund expenditures OF $2S, 003,51O.
while the senate bill appropriated
S25,2l3,S70, representing a diff
ference of $2,209,360. The house
bill called for siX-months state
supported school term at $14,-
O5O.0OO. while the senate provld-
cd for an eight months term at 4
cost of S16,000,0O0.
II is now estimated that only
SI6,OOO,OOO can be derived from
the schedules in the old revenue
act. together with increases adopt
cd i'm the income and Inheritance
tax schedules. The appropriations
bill as passed by the house leaves
approximately $7,500,O00 TO b."
raised by new forms Of taxation.
II is estimated that a general
sales tax of Approximately pc,
cent and revenue to be derived
from tax on beer and wines VIII
make up this difference.
Under the appropriations bill as
It was approved by the senate,
with the eight months school term,
approximately $10,0OO,000 will
have to be raised from new
sources of taxation. While con-
Ccssions will have TO be made by
both houses in reaching an agree
ment on an appropriation figure,
it is believed that the final result
will be nearer the senatc'S figure,
necessitating a sales tax Of be-
tween 2 and per cent.
The, senate figure of 81, 900
which was added for the two
months additional school term was
S5OO.OOO more than was recon-
mended by Governor Ehringhaus
in his recent special message be-
fore the general assembly, and it
is believed here that the confer
cnce committee will suggest that
the senate recede 70 this figure OF
Sl,5OO,00O. which. it is agreed,
would be more acceptable to the
house.
While the house has not yet eX-
pressed its sentiment on an eight
months term. Representative Tam
Bowie of Ashc, leader of the
cconomy-at-any-cost bloc in the
house, has been organizing OPPOSE
tion TO an eight months term. but
il is generally believed that the
house will be brought around TO
the view that since some sort of
sales tax now appears inevitable,
an eight-months term is justified
for the reason that it would bring
relief TO the taxpayers TO the
amount of nearly S5,000,OO0 in
Continued on page four)