LOCAL GOVERNMENT AND TAXATION 



THQU5AND5 OF DOLLYS! ~^ 



65 



2000 



1500 



6mTE DIRECT TAX 



1000 



c500 



PECEIVED FROH STATE 



^ 1 I I 1 1 I I I I I I I I I I I I I I I I I I I I I I I I 1 1 1 1 I I I I 1 1 I 

 I'^OO I'RIO W20 1^30 WO 



*The state direct tax was discontinued in 1939. 



Fig. 3. The amount of the state direct tax and the amount re- 

 ceived by towns and cities from state collected taxes, by tax years, 1900 

 to 1939, New Hampshire. 



from distribution among towns and cities and transferred to the state 

 department of education. However, beginning" in 1924, local revenue 

 from state-collected taxes assumed greater proportions as a result of 

 the new method of taxing intangibles, the "interest and dividends" tax. 

 A statistical table comparing the relative importance of the state 

 direct tax with that of revenues from 1900 to 1941 aj^pears in Appen- 

 dix 8. 



LOCAL RECEIPTS AND EXPENDITURES 



Local units of government receive money from numerous sources 

 other than from local taxes and state-collected taxes. The previous 

 description of the tax system, therefore, is not complete from the 

 point of view of sources of revenue. Neither does the above descrip- 



