Annual Report of the State Tax Commission

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Page 173 - ... (naming the amount) and thereupon such real property, to the extent of the exemption entered by the assessors, shall be exempt from state, county and general municipal taxation, but shall be taxable for local school purposes, and for the construction and maintenance of streets and highways. If no application for exemption be granted, the property shall be subject to taxation for all purposes.
Page 25 - BASIS. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom in any taxable year that proportion of the installment payments actually received in that year which the gross profit realized or to be realized when payment is completed, bears to the total contract price.
Page 173 - column on the left contains all exempt property other than that owned by the Federal government, the State or municipalities.
Page 210 - Statement of the aggregate valuations, real and personal, amount funds, and tax rates in the several toivns WARREN Statement of the aggregate valuations, real and personal, amount funds, and tax rates in the several tov;ns NOTE.
Page 56 - From the beginning the rates have been low, 1 per cent on the first $10,000, 2 per cent on the next $40,000, and 3 per cent on the...
Page 24 - ... or facts shown thereby are directly involved in such action or proceeding, in either of which events the court may require the production of, and may admit in evidence, so much of said reports or of the facts shown thereby, as are pertinent to the action or proceeding and no more.
Page 34 - Property may not escape taxation because it is difficult or impossible to determine its market value. People ex rel. NY Stock Exchange Bldg. Co. v. Cantor, 221 App. Div. 193, 223 NY Supp. 64.
Page 32 - Non-Resident and Fixing Rates Differing from Rates in Case of Resident Decedent. Chapter 143 of the Laws of 1925 (Tax Law Art. 10-A) imposing a tax on transfers by will or intestate laws of property of non-residents within this state violates section 2 of article 4 of the Constitution of the United States, declaring the citizens of each state to be entitled to the privileges and immunities of citizens of the several states...
Page 7 - This rapid increase in the total of expenditures and taxes is startling. There are, however, extenuating reasons which account for much of the increase. The population of the country has increased, the purchasing power of the dollar has decreased, the standard of living, which is always reflected in the cost of government, is on a higher plane and the world war occasioned unusual expenditures and made necessary the creation of a heavy war debt —the payment of bonuses and expenses incident to the...
Page 448 - Total assessed value of personal property, exclusive of bank stock Assessed value of bank stock...

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