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

MONTPELIER

Printed for the Commission

1908

Reclassed 5-27-29 MVP.

On page 9, 3d paragraph, 1st line, the hyphen should
be omitted.

On page 20, 6th paragraph, 2d line 113,000 should read
113,856.

On page 29, 1st paragraph, 1st line, Sec. 502 should
read Sec. 520.

On page 34, 1st paragraph, 8th line, "or" should be
inserted after the word "store" and the comma omitted;
and the proposition "at" should be transposed from the
end to the beginning of the line, so that it will read: at
which his house, store or building of any kind, is assessed.
On page 45, 3d paragraph, the 9th and 10th lines
should be transposed.

On page 72, 1st citation after 2d paragraph, should
read: Central R. R. of N. J. v. State, 48 N. J. L. 146 (4 At-
lantic Reporter 584.)

On page 84, 3d paragraph, 5th line, "just value in
money" should read "true value in money."

introductory statemен

Table showing population, grand list, debt, tax rates
school and road statistics......

Table showing debts and tax rates of villages and
incorporated districts

Inventory statistics

Items of grand list

Savings bank statistics

Real estate mortgage statistics

Real estate mortgage classifications.

Miscellaneous statistics

Classification of offsets

183105

Page.

Resolution authorizing Commission

Introductory statement

Brief history of Vermont taxation..

Administrative evils of present system..
Experience of other States

Stock in private corporations

State tax commission, centralized control.

Listers, election, term of office..

Separate appraisal of buildings and land..

Publicity of inventories

.....

Inventories, duty of taxpayer, power of listers..

5

7

12

18

24

28

30

32

33

35

36

Offset, evils, repeal recommended

Taxation of intangible property, uniform low rate recom

49

Exemption of stock in foreign corporations.
Minority report of Messrs. Pierce and Olmsted...

Offsets, repeal of conditionally recommended..
Exemption from taxation of certain mortgage loans..
Railroad property to be taxed at average rate.
Income tax recommended

87

89

90

90

91

93

Appendix:

Introductory statement

94

Table showing population, grand list, debt, tax rates
school and road statistics..

95

Table showing debts and tax rates of villages and
incorporated districts

-27-29 MVP

183105