The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1934-03-01
Tax Time Extended to
File Tax Returns
Because of Pending Litigation Test
ing Laws C0nstitutionally De-
lay Deemed Advisable

! Owing to the pending litigation
relative to the state income tax
law the tax commission has deter
mined to extend the time for filing
of all returns, whether for corpora
tons or individuals, to April Is,
1884. The commission anticipates
that before the date mentioned fin
al adjudication of the pending cases
will have been made.
Every single person who is not
the head of a household is required
to file a return if his income is in
excess Of 100000; every married
person who lives with husband or
wife, and every single person who
is the head of household is re-
quired to file a return if his net in
come exceeds 100000. If husband
and wife living together, make sep
arate returns, this credit may be
divided between them.
The head" of a household is an
individual who actually supports
and maintains in one household one
or more individuals who are closely
connected with him by blood rela-
tionship, marriage or adoption, and
whose right to exercise family con-
troll and provide for these depend
ents is based upon some moral Or
legal obligation. A credit of $780,
600 is allowed for each person 10Th
er than husband or wite) dependent
upon and receiving his chief sup
port from the taxpayer. This creu-
it is allowed to only one taxpayer.
Dependents need not be related to,
or live with the taxpayer. This
credit is based upon actual finan-
cial dependency and not mere Legal
dependency. The test in the ,indi-
vidual case is whether such co-cah.
ed dependent person receives one
half Or more of his support from
the taxpayer.
The personal exemptions and
credits for dependents must be de-
termined by the taxpayers status
on the last day of his taxable year.
In cases where returns for a frac-
tional part of year are permitted
Or required, the period for which
such term is made is deemed to be
a taxable year. The credits in the
case of a taxpayer who dies or
moves from the state during the
year, are determined by such per-
sons status at the time of his death
or removal, and the full credits as
stated above are allowed. In the
case of a person who moves into
the state during the year the full
credits are allowed according to the
persons status on the last day OF
the year.
A credit of 100000 is allowed to
each corporation.
The deduction for contribution;
or gifts made within the taxable
year is limited as follows: % They
must represent amounts contributed
to the State of Minnesota or tc
religious, charitable, scientific, 1t
srary, artistic or educational insti
tutions operating within this state
no part of the net earnings OF
which inures the benefit of any pri
vate individual, (2) The total cred
it must not exceed Is per cent 81
the taxpayers taxable net income.
Credits against income include d.
vidends received during the tax
able year from income arising o,lt
of business done in this state by
the corporation paying such divi
dends. This credit does not apply
to dividends received from corpor
atoms exempted from taxation
under the State Income Tax law
such as banks, mining companie:
insurance companies, cooperatives
building and loan associations, etc.
neither does this credit apply to dt.