THE FARMERS IN CONTROL 



This brings within the reach of assessment 

 millions of dollars of property that has 

 always escaped heretofore. 



Senate Bill No. 44, approved February 27, 

 1919, completes the adjustment by amending 

 the list of properties exempt from taxation. 

 This is now made to include all structures 

 and improvements on agricultural lands; 

 structures and improvements used as a place 

 of residence on town or city lots to the extent 

 of $1,000; household goods to $300; personal 

 belongings to $300; tools of a working-man 

 or mechanic to $300; tools and implements 

 of a farmer to $1,000, and all property used 

 for public purposes, including places of wor- 

 ship. 



The most radical legislation of the session 

 was contained in Senate Bill No. 37 and 

 House Bill No. 84, one establishing a state 

 income tax and the other a tax on inheri- 

 tances. 



Even these, however, had no feature or 

 principle not known and practised before in 

 such measures. The income tax law draws a 

 distinction between earned and unearned in- 

 comes, one being produced by labor, effort, 

 or service, and the other from investments. 

 For both classes there is an exemption of 

 $1,000. After that the tax on earned incomes 

 begins with 3<i of 1 P^^ cent, on the first 

 $1,000 and increases with each $1,000 of 



265 



