The fiscal problem in Missouri

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Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XIII. General summary

Collection:: Economics Books

336 THE FISCAL PROBLEM IN MISSOURI counties, and a special study made several years ago indi- cated the existence of considerable variations betweenseveral sections of the same city and county. The 1929 real estate ratio study indicated a minimum county ratio of 319, and a maximum of 729%. Possible changes in the administration of the tax system include the reorganization of the equalization procedure, which has been mentioned previously; the exemption of in- tangibles from taxation under the general property tax, which 1s generally held by those interested in taxation to be the first step towards effective improvement of the adminis- tration of the general property tax, and the taxation of intangibles only on the basis of income; the abolition of the township assessment system in those counties which have the township form of government; the separate assessment of land and buildings; the assignment of the administration of the state income tax to the State Tax Commission, the tax to be assessed and collected by district representatives of this commission; the transfer of the administration of the express company tax from the State Auditor to the State Tax Com- mission; and possibly also the transfer of the inheritance and gasoline taxes to the same commission. The continuance of the state tax on general property seems to be desirable and may be justified on administrative grounds. Supervision of the assessment procedure can be made effective more readily if the state has a direct interest in the receipts from this tax. However, this does not imply that the state rate might not be gradually reduced, if such a step proves to be feasible. THE Farm Tax ProBLEM IN MIssoURrI The amount of the general property tax on farm property in Missouri in 1927 was estimated at $20,063,000 by the United States Department of Agriculture. In addition to the general property tax, the farmer pays other taxes, in- cluding the income tax, the gasoline tax, and motor vehicle licenses. Available statistical information indicates that farm taxes in Missouri are relatively much lower than the average for the United States. Studies of the relation of

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