Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
Tax Yield Exceeds
District Estimates
Levies Produce
$l,745,56o More
Than Anticipated

The District collected over 81
more in individual in.
come taxes and nearly $500,O00
more in corporation taxes last
fiscal year than city officials
had estimated, a breakdown of
the years revenues indicated
yesterday:
The figures we're included in a
statement comparing general
fund revenue and license and
permit fees for the last two
years, showing a total increase
for the fiscal year completed
June 80 of $6,827, 598.
The increase was $l,745.569
higher than had been antici-
pated in the revenue estimates,
revised last April.
The better revenue picture had
been available to Senate COM
mittee members considering re.
storation of the SO million au-
thorized increase in the Federal
payment to the District after
the House had denied the appro-
priation.
$40 Million Tax Load
The Senate also denied the So
million. The authorization to
bring the Federal share of the
Capitals costs to $23 million was
made last March in a District
revenue act which eventually will
place a $40 million extra tax
load on city residents.
Virtually none of the new taxes
lis reflected in the revenues for
the fiscal year just completed.
The general revenues and permit
fees totaled $114,104,56
Individual income taxes in
creased $1,410,295 over the S..
796,194 collected for fiscal 1856.
They were $1,006,489 more than
had been estimated. Observers
attributed the higher collections
to better business conditions
generally, a Federal employees
pay increase and wider aware
ness of the District income tax
through discussion of the forth
coming withholding system.
Corporation net income and
franchise taxes jumped $685., 049
higher last fiscal year than the
$6,658,195 yield of fiscal 1855.
and $497 ,244 above the estimate.
Unincorporated business taxes,
on the other hand, fell off $98,319
from the $1,644,692 of the
previous year. An increase Of
$55, 1903 had been anticipated.
Tangible property taxes increased
$167.139 to $7,708,163 in con-
trast to an estimate they would
decline $41,024.
Realty Tax Increase
! Realty taxes increased $1,241,-
49l. a little more than antici-
pated. to $42,195,8 Motor We
hicle personal taxes were $14O,-
POI higher than the $3,933.025
of fiscal 1855. An increase OF
$316,975 had been estimated.
Other showings included these:
Sales and gross receipts taxes.
$38,149,275. or $2,840.711 above
fiscal 1855. This was slightly
higher than estimated. Inheri-
lance and estate taxes, $2,171,-
I621, an increase of $255.459 as
against an estimated decrease of
$116,162.
Aside from the general fund
the Highway Fund revenues in
creased $794,420 over the $14,-
$780, 1899 of fiscal 1855. The esti-
mated increase was $350,161.
Water funds went up $780,
987 over the $5,141, $50 of fiscal
1855. as against an estimated
increase of 1857 ,470. The SAM
tary Sewage Works Fund was
81 ,049,4 higher than the ST.
1873 64 for fiscal 1855. The esti-
mated increase had been $780,
1856 but 1881, 102 of that was a
projected payment from Mary
land not yet made since the work
involved was not put under
contract.
Parking meter receipts drop
ned SAG 035 tn S3Q0 TAO