The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1940-02-15
STATE INCOME
TAX DUE SOON
Provisions for Figuring Tax
Outlined; Deadline One
Month Away.

Persons who must file state income
and franchise tax returns have one
month to do so without the payment of
penalty. Returns must be made with
the tax commissioner in st. Paul by
March Is.
Payments, regardless of the amounts,
may be made in two installments, half
by March Is and the other half by
Sept. Is.
Persons whose gross income exceeds
5000 must file return whether any
tax is due or not. Individuals whose
tax computed on their net incomes ex-
ceeds their allowable personal credits is
subject to the duty of making out a
tax return.
In determining the amount of taxes
due under the act, the taxpayer must
first compute the tax on his taxable net
income. They apply to the tax the per-
sonal credits which may be shown as
follows:
1. A personal credit in the case of
an unmarried individual, the estate CT
q OCSCoO11O, cliNA q u uOO, VI Div. LID
credit also applies to a married in
dividual not living with husband or
wife.
2. A personal credit in the case of
a married individual living with hus-
band or wife and in the case of an
individual, whether married or single,
who is the head of a household, of $50.
If husband and wife, living together,
make separate returns, this credit may
be divided between them in any pro-
portion desired. If the entire income
of either husband or wife is exempt
from tax the other spouse may deduct
the full credit
The ''head of the household" is an
individual who actually supports and
maintains in one household, one or
more individuals who are closely con-
nected with him by blood relationship,
marriage or adoption, and whose right
to exercise family control and provide
for these dependents is based upon some
moral or legal obligation.
8. A credit of SIS for each person
(other than husband or wife) depend
ent and receiving his chief support from
the taxpayer. Dependents need not be
related to the taxpayer or live with
him. This credit for dependents is
based upon actual financial depend
ency and not mere local dependency
The test in the individual case is
whether such so-called dependent per-
son received one-half or more of his
support from the taxpayer.
| It should be observed that the con-
ditions upon which a taxpayers claim
| for credit as the head of family is
| based differ from those determining
the deductibility of credit for de-
pendents.
Drastic Penalties for Failure to File
Income Tax Returns-The act provides
specific penalty of 10 per centum of
the tax together with per cent interest
per annum on the tax and penalty both
for the non-payment of any tax due
under the state income tax law
In Additionally person who will
fully fails to make a return or will
fully makes a false or fraudulent re-
turn with an intent to evade the tax
or part thereof, imposed by the act,
shall be guilty of felony.
Punishment of Felony When Not
Fixed by Statute-Whoever is convicted
of felony for which no punishment
is specifically prescribed by any statu-
tory provision in force at the time of
conviction and sentence shall be
punished by imprisonment in the state
prison or county jail for not more
than seven years, or by fine of not
more than $1,000, or both.
Every partnership in Minnesota is