The fiscal problem in Missouri

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter III. The Missouri tax system

Collection:: Economics Books

THE MISSOURI TAX SYSTEM 83 cording to their value. While on the surface this may appear to be a comparatively easy matter, in practice it is most difficult to achieve. On November 7, 1922, the electorate approved an amend- ment to Section 4, which provides that all motor vehicles subject to taxation in the state shall be subject also to license taxes. This amendment was necessitated by the fact that value is not the basis used in determining the amount of license tax payable by the owner of a motor vehicle. The license tax is not in lieu of property taxes; motor vehicles in Missouri are subject to both license taxes and property taxes. It is specifically provided in the constitution! that the local governments, the property therein, and the inhabitants thereof shall not be released or discharged from their pro- portionate share of taxes to be levied for state purposes, and commutation of such taxes in any form is prohibited. The general assembly is denied the right to tax for municipal purposes, but may by general laws vest in the corporate authorities the power to assess and collect taxes for such purposes. The State Board of Equalization is an administrative body, which is provided for in Section 18. This section states that it shall consist of “the Governor, State Auditor, State Treasurer, Secretary of State and Attorney-General,” and that its duty “shall be to adjust and equalize the valua- tion of real and personal property among the several coun- ‘les in the State.” Section 5 provides that all railroad corporations in the state or doing business therein shall be subject to state and local taxation on the real and personal property owned or used. Such corporations may also be taxed on their gross sarnings, their net earnings, their franchises, and their capital stock, according to the provisions of this section. Section 21 provides for the payment of incorporation or organization taxes by all corporations, companies, or asso- ciations® organized under the laws of the state. The tax must be paid at the time of or before the filing of the articles t Section 9. 2 Section 10. ' Except those formed for benevolent, religious, scientific, or educational purposes.

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