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Show Virginia System of Taxation Some of the legislative candidates seeking nomination on the various tickets of the state at the coming com-ing primary election which will be held next Tuesday, September 13, are doing so by making a campaign cam-paign favoring the Virginia system sys-tem of Taxation. In order that the people may know, a brief statement "regarding the system is here given. The distinguishing dis-tinguishing feature of the present Virginia system of taxation, as compared with other state systems, sys-tems, is the exclusive taxation of real estate and tangible personal property by the political subdivisions subdi-visions of the state for local revenue re-venue purposes and the exclusive taxation of intangible personal ! property at low rates by the state jfor state revenue purposes. Thus it is seen that in Virginia no class of property is subject to more than one property tax. This is a long step toward simplification. On June 19, 1928, the people of Virginia ratified an amendment to the state constitution prohibiting the state from reimposing a state property tax for state purposes on real estate and tangible personal per-sonal property, except the rolling stock of public service corporations. With the exception stated, it segregates real estate and tangible personal property for local taxation tax-ation only. For its revenue the state depends de-pends mainly upon the following license taxes, motor vehicle fuel taxes, beer excise taxes and a' part of the profits made by the Alcoholic Beverage Control Board, j Persons who have made" a study of the Virginia system of taxation, taxa-tion, feel that it is the only just, way yet devised for raising reve-j i nue for mamteining governmental agencies. This office is in possession of a letter from the Virginia State Tax commissioner, giving his views of the system. |