Milford chronicle., 1936-03-20


$4,S07, 1854, compared to 1892
47O.l1 in the previous year, an in
crease Of 1885, 425.O3. Pierre S. du
POnt. State Tax Commissioner, an
nOunced last week in his annual re
port presented to Governor Buck.
For the first time. the annual re
| port shows collections of Occupa
/ tiOnal and mercantile licenses, in
heritance tax and the county in.
come tax, all of which the depart.
ment was authorized to collect by
the 1885 Legislature.
OF the total collections made in
1885. $3,735,654S6 were allotted by
law to the state school fund, S317,-
120.24 to the general fund and
1854. 46S.94 to the treasurer of New
Castle county.
Franchise Tax Declines
The decrease in the collection of
franchise taxes, amounting to $780,
547.55, or 9.S per cent. Mr.. dupont
says, was offset in part by an in
crease in income tax collections of
$133,732.30, or Is per cent The net
decrease from these two taxes.
which support the schools of the
State, was S1S6.S15.25, or A. per
cent.
The State income and franchise
taxes are the taxes which the de-
partment collected regularly before
the legislative act of 1885. The IL
censes collections, inheritance tax
and county income taxes were addi-
tiOnal work assigned to the depart
ment by the last Legislature.
The State income tax was paid by
1924 persons and the county in
come tax by 1889 taxables, the
larger number of county taxables
being accounted for by the broader
basis of taxation as provided in the
county tax bill Thirteen and three
per cent, or 1.l561. more persons
paid the State income tax in 1885
than in 1884.
1880 Corporations Pay
Corporations paying the franchise
tax promptly in 1885 numbered H.
$50, compared with 1908 in 1884.
There was a decrease Of 1913 or 4.3
per cent in companies paying the
tax in 1885.
The decline in the corporation
taxes continues to threat
en- one of the principal sources of
income for the schools of the State.
the report says.
"The retirement of no par shares
by issue of those of low par value
by a number Of large corporations
and consequent loss of revenue to
he State to which attention has
been repeatedly called has now
,aused a total loss on this account
# S1,O79, 400" the report declares.
Since the last annual report was
written showing a loss of 1921 ,235
m this account, additional changes
o low par stock by 124 companies
lave increased this loss by $6S,4OO
nd by ZIG companies not previous
y accounted for, $4,000. !
1.-The possibility of further change
emains a. threat 70 the revenue re-
eived from this source. q
Collections from issuance of mer-
antile, manufacturing, and Occupa-
IOnal licenses delegated to the State
AK Department on June 1, 1885, for
he calendar year 1884. amounted
D $137 ,993.94, including county
ses, $1,6S7.5O collected before June
The total collected on these Ii
enses during the year 1885 was /
l43, 224.65, an increase of $31.7S4.SI, :
r 28.4 per cent. representing 1898 Z
censes issued compared with 1887 /
lring the previous year.
Licenses were issued and collect I
as follows: Business occupations, :
1852; service occupations, 1878; I
erchants and branch stores, 3.5OS; !
Lila and miscella- /
sous, 2S1. OF the licenses issued, !
$50 were issued in New Castle
,unty; 1888 in Kent county and
80 in Sussex county. n
State tax on 1884 incomes amount d
to ss15,735.63. an increase Of n
SO, 29O.0S or 80 per cent, over the L
K due on 1888 returns. b
The causes accounting for this e
crease are found. the report says, s
: Dividends, S3.600.000 more than b
the previous year; capital gains, /,
100000 additional while losses
IRE 100000 less than the earlier v
ar: rents, partnership and fiduci- I,
y income, about 100000 more b
an In the 1898 returns. ~
The State Tax Board. during the n.
st ten years. has decided 143 APP Ii
al cases, exclusive OF pleas for is
luction of penalties. involving Il
Is ,290.3S. In 1873 decisions. involv-
, S241, S20.11 OF tax assessed, no d
apal to the Superior Court was is
rem despite the fact that 81 Of y,
,se decisions upheld the depart C.
nt's assessments amounting to Il
Is. S1S.4O. Five taxables appealed 81
IN the boards decision to the SUI
'ior Court and the courts decis- W
s supported four assessments tn
to Sl01 .255.23. Reversal %
5 sustained in one case result in
In abatement Of tax Of S3,215.04. ne
$357,7I1 Outstanding re
OF State tax discov- 90
by examinations since December co
1925 are outstanding in the
,unt NJ e9ST.T1I % Civfoau an t.i