Henderson daily dispatch., 1943-01-15
lntangibles
Tax Unaltered
Dolly Dispatch Bureau
III ihr Sir Wa;t"r Hotel.
BY LYNN NISRET

Raleigh. Ian. i5.-Thc present
mcih'i 81 l-vying and collecting in
;an@ihltS taxes in North CAROLYN,
viii not lie changed during the next
.Wo TcarS.
That rather duGmatic statement Is
-. coicatcd Ernu action of the Joint
finance committee of senate and
aouS2 voting Ia leave the 1871 sche-
III" UNCHANGED. and upnm Az nrur-
''l -" incomplete but fairly rem
rcScntativc poll of the senate mer,-
ocrShip
The advisory budget ccmmisslu..
had recommended that the State r.
IRE entirely from the intangibles tax
Held, leaving collection of the tax
on some classes Of intangible pro-
perry up to the counties and num-
cipaltics. and eliminating entirety
some Of the current levies.
After hearing representatives oil
county commissioners and municipal
league Thursday afternoon. a motion
Offered by Senator Cherry of Gas
ton. seconded by Senator Carlyle O.:
Forsyth, to leave the matter exactly
as II is now was unanimously adop;-
ed. That means the State will con-
tnue 10 collect the tax. deduct 4 per
cent collection fee. and divide the
other on the basis of 25 per cent to
the State and rs per cent to local
governments. Little doubt is felt IN
any quarter that the General Assem-
bly, will follow committee rccommel.
datiun ON the proposal
Back of that action i Il rather in
tcrcstlng story. County commission
crS and town officials vigorously op-
posed adoption Of the tax claSSifica-
non amendment in 1896 and when
the 1887 assembly enacted the law
splitting procccG# equally between
Sta:c and lCva! ~ Is. the locals cor
tlnucd their fight NJ a large share.
Subsequent leg. idturcs yielded to
the extent ui making the division
Cole. and finally 1925 with locals
* ting !h" EIs end. When the adj
visUry bulge, commission was hold
'gn hearings last fall. the local gu..-
| 2rnmcn;S appeared and asked toi
| TN iuGlhc" concession. WhCrCulpon
| the bulge, commission went whole
hog and recommended that the cOun-
ties collect II themselves and keep
II. but eliminated back deposits and
al ItN bllltl IttlllS.
Counties did not want the rcspon.
Sibility of collection. and could see
TO point III throwing away some
$3.50 IN bank deposit taxes. So
lei week Tie county and municipal
f'". {" ... r:lu!r the Legislative
committees and ask them 10 leave The
90. a. % n... Eriitcn last year.
,E. observer commented that thu
0 'C"l gcl,... EMS were much in In,
.itiGr cl 90 man with the wildcat
lie didn't iced help to hold it, bu
l1,G cd hep 10 turn it loose.
Local unit admittedly would lik,
10 have a Iarger share than rs pc
cent oi the lax. They contend ina
So long a. ne State gets any NOR,
than actuu. Collection cost il canno
make good on the claim that 9Th,
State of North Carolina ievieS n
property iuN On the other hand
the local urn> freely admit that the,
cannot efficiently collect the intan
giblc ,aX a.d hey would rather le
the State nuEC - per cent Of il thar
10 bother s. tn collection.
Ii was mi mated that if the matte
had never been taken out of loca
hands. il would have been better al
around. Sine il has been. and sine,
the local units have lost the knacl
of COLLECTING that particular levy. al
parties apparently are satisfied will
me cNisiIu. Ct-up. All indication!
&c that ], b. Il continue rs IS.