Report of the Commission on Taxation Appointed Under No. 501 of the Acts and Resolves of 1906 of the General Assembly of the State of Vermont

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Commission, 1908 - 115 σελίδες
 

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Σελίδα 69 - ... from adjusting its system of taxation in all proper and reasonable ways. It may, if it chooses, exempt certain classes of property from any taxation at all, such as churches, libraries and the property of charitable institutions. It may impose different specific taxes upon different trades and professions, and may vary the rates of excise upon various products ; it may tax real estate and personal property in a different manner; it may tax visible property only, arid not tax securities for payment...
Σελίδα 70 - ... amendment was no't intended to compel the State to adopt* an iron rule of equal taxation. If that were its proper construction, it would not only supersede all those constitutional provisions and laws of some of the States whose object is to secure equality of taxation, and which are usually accompanied with qualifications deemed material, but it would render nugatory those discriminations which the best interests of society require, which are necessary for the encouragement of needed and useful...
Σελίδα 70 - That every member of society hath a right to be protected in the enjoyment of life, liberty and property, and therefore is bound to contribute his proportion towards the expense of that protection, and yield his personal service when necessary, or an equivalent thereto...
Σελίδα 69 - We think that we are safe in saying, that the Fourteenth Amendment was not intended to compel the State to adopt an iron rule of equal taxation. If that were its proper construction, it would not only supersede all those constitutional provisions and laws of some of the States, whose object is to secure equality of taxation, k Opinion of the Court.
Σελίδα 69 - State from adjusting its system of taxation in all proper and reasonable ways. It may, if it chooses, exempt certain classes of property from any taxation at all, such as churches, libraries and the property of charitable institutions. It may impose different specific taxes upon different trades and professions, and may vary the rates of excise upon various products ; it may tax real estate and personal property in a different manner ; it may tax visible property only, and not tax securities for...
Σελίδα 5 - Six of the trustees shall be appointed by the governor on or before the first day of July...
Σελίδα 69 - All such regulations, and those of like character, so long as they proceed within reasonable limits and general usage, are within the discretion of the state legislature, or the people of the State in framing their Constitution. But clear and hostile discriminations against particular persons and classes, especially such as are of an unusual character, unknown to the practice of our governments, might be obnoxious to the constitutional prohibition. It would, however, be impracticable and unwise to...
Σελίδα 66 - III. Shares of stock in a corporation situated in another state, when all the stock of such corporation is taxed in such state to the holders, whether residing within or without such state, or when the corporation is taxed in such state for all its stock.
Σελίδα 84 - The evil effects, however, of the present method of taxation as applied to forests are so obvious and are working such injury to these vital interests that we believe the legislature should take some action. The merits of the proposed method appear to us to be clear. A tax of fifty cents per thousand feet of lumber and thirty cents per cord of wood cut for manufacturing purposes would produce an annual revenue of probably $150,000. When it is considered that this tax is to be paid but once in the...
Σελίδα 72 - ... the taxing law, and that the rule applied thereto shall be uniform as to the whole of the class, and that the assessment shall be made at the true value of the property constituting the class; and, if these requirements are answered by the law, it is not in conflict with the constitutional provision. If the legislature has power to exempt, on account of the special use to which they are put, certain kinds of property from the taxation to which other property of the same kind, but put to general...

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