Page Eight 



THE I. A. A. RECORD 



April, 19)1 



S t a t e L egi s I a t u r e s Pa s s Income Ta x B i 1 1 s 



HE Iowa Senate on March 2 5 passed 

 a state income tax bill. The measure 

 provides a tax of 1 per cent on cor- 

 porations and the rates on individuals 

 are graduated from 1 to 5 per cent. An 

 income tax had already been approved 

 by the House which carried a 3 per 

 cent corporation tax and lower salary 

 brackets than that provided in the Sen- 

 ate amendments. 



The Senate vote followed a special 

 message from Governor Turner renew- 

 ing his plea for an income tax to re- 

 lieve part of the burden on property 

 owners. 



The bill provides for a tax of 2 per 

 cent on incomes up to $10,000 a year, 

 3 per cent on $10,000 to $20,000, 4 

 per cent on $20,000 to $100,000, and 

 5 per cent on all above $100,000. In- 

 dividuals are allowed an exemption of 

 $750 and $750 additional for each de- 

 pendent, reports the U. S. Daily. 



Three-fourths of the proceeds of the 

 tax goes to the common school fund, 

 and one-fourth to the general revenue 

 fund of the state. 



Georgia 



THE George state legislature recent- 

 ly enacted — - ^ 



1. A state income tax with rates 

 from 1 to 5 per cent on individual in- 

 comes and 4 per cent on corporate in- 

 comes; .: 



2. An act allowing an offset of 1931 

 sales taxes against income taxes paid 

 in 1932. 



Utah 



UTAH passed a personal income tax 

 with rates ranging from 1 to 4 

 per cent. Exemptions are $1,000 for 

 single persons; $2,000 for a married 

 couple, and $400 additional for each 

 dependent. An offset is allowed for 

 property taxes paid up to one- third of 

 the amount of the income tax. 



Missouri 



JEFFERSON CITY, MO., April 2.— 

 t) The House has concurred in Sen- 

 ate amendments to the income tax in- 

 crease bill and passed the measure which 

 now goes to the governor for his ap- 

 proval. 



It provides for income taxes on a 

 graduated basis ranging from 1 to 4 

 per cent, which, according to its 

 proponents, will bring in about $5,500,- 

 000 of additional revenue annually. 



Pennsylvania 



HARRISBURG, Pa., April 2.— A 

 bill proposing a state income tax 

 will be considered by the House when 

 it meets April 7. 



The proposed income tax is gradu- 

 ated from rates ranging from 2 to 10 

 per cent. The maximum rate for cor- 

 porations would be 7 per cent. 



Vermont Governor 



Signs Income Tax 



Governor Wilson of Vermont signed 

 the state income tax bill recently passed 

 by the legislature. The rate for cor- 

 porations is 2 per cent. In the case of 

 individuals the rate is 2 per cent for 

 earned income and 4 per cent for un- 

 earned income. On earned income the 

 exemptions are $1,000 for single per- 

 sons and $2,000 for married persons. 

 Where all the income is unearned, the 

 exemptions are $400 and $800. 



Thompson Grain Member 



Unofficial reports state that Sam. H. 

 Thompson, newest member of the Fed- 

 eral Farm Board, will succeed Sarnuel 

 R. McKelvie when the latter retires in 

 June as grain representative on the 

 board. A business man with an agri- 

 cultural connection is expected to be 

 chosen to bring the board up to its 

 full membership when McKelvie leaves. 



Maryland 



A BILL proposing a personal income 

 tax with rates ranging from .5 per 

 cent to 5 per cent has been introduced 

 in the Maryland legislature. _ 



Independent oil operators are leasing 

 farm lands around Spring Lake in Ogle 

 county, Illinois, where a small oil seep 

 was recently discovered. Several rigs 

 are already drilling, one being down 

 115 feet. 



Oklahoma 



A BILL providing for a net income 

 tax on corporations and individ- 

 uals passed both Houses of the Okla- 

 homa legislature and was sent to Gov- 

 ernor Murray on April 4. The gov- 

 ernor announced that he would approve 

 it immediately. . . 



South Dakota recently passed a bill 

 providing for a tax on substitutes for 

 butter and lard. The bill was aimed 

 "at the cheap imported oils which con- 

 stitute 65 per cent of the oils used in 

 the manufacture of oleomargarine, not 

 against cotton seed products," states 

 Loyson G. Troth, state secretary of 

 agriculture. 



Driver's License Debate 



at Galesburg Meeting 



"Resolved, that Illinois should adopt 

 a drivers' license law" was the subject 

 of a debate held before 45 members of 

 the Farm Bureau Boosters Club, Gales- 

 burg, April 2. Harry Peterson and 

 Frank Sutor of Sparta township, the 

 affirmative team, won the decision. Wil- 

 liam Moore and Art McGovern of Cop- 

 ley township comprised the negative 

 team. 



E. I. Wilson of Tazewell county, spe- 

 cialist in parHamentary practice, will 

 demonstrate parliamentary rules at the 

 next meeting on Thursday, May 7. 



The subject for debate at the June 

 meeting will be "Resolved, that the 

 Philippine Islands should be given their 

 independence." 



Sid Cherrill of the I. A. A. live stock 

 marketing department, spoke on live 

 stock marketing following the debate. 



15th District Conference 



CO-OPERATIVE grain marketing 

 was one of the principal topics dis- 

 cussed at the 15th district I. A. A. 

 conference. Canton, March 26. 



Harry Gehring of Knox county and 

 director of the Illinois Grain Corpora- 

 tion stated that the business of the 

 Mid-West Grain Corporation, co-opera- 

 tive sales agency, had been increasing 

 rapidly during recent months, and that 

 34 fully qualified co-operative elevators 

 now hold membership in the Illinois 

 Grain Corporation. 



Organization and membership solici- 

 tation were discussed by R. J. Hamil- 

 ton and John C. Moore. Hamilton 

 stated that during the first two months 

 of the year more members joined the 

 Farm Bureau and I. A. A. voluntarily 

 than in any other similar period in the 

 history of the organization. 



Produce marketine was covered by 

 Farm Adviser L. E. McKinzie of Schuy- 

 ler and J. E. Meatheringham of Adams 

 county. 



A. N. Skinner, former 1. A. A. di- 

 rector from Yates City, opened the 

 meeting and introduced his successor, 

 C. G. Bates of Schuyler county, who 

 presided. 



Mr. Bates outlined the legislative pro- 

 gram of the I. A. A. and talked briefly 

 about the newer developments of co- 

 operative marketing. 



F. M. Higgins, formerly I. A. A. district or- 

 ganization manager, is back at his old job as 

 editor of the Lake Geneva (Wis.) News- 

 Tribune. ■•.,.;,;■ . •' -■■■'■-..-"' ■■■H..,': V . 



