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Show Wisconsin May Set the Pace in Making Anti-Profiteering Legislation N. E. A. Staff Correspondent. MILWAUKEE, Wis., May 10. Profiteering landlords face a legal (limitation of 10 per cent on their Investments In-vestments in this state. This is the main recommendation Just mado to Governor Phillip by the State Rent Commission, headed by David Da-vid V. Jennings. The commission has I Just completed an exhaustlvo Investigation Invest-igation of rental and housing conditions condi-tions in Milwaukee. The commission proposes to exompt homesteads from taxation up to $5000, in order to encourage building of homes, and force unimproved property Into use. As a result of the investigation it Is expected .that the Legislature will enact remedial legislation. 1. Give the courts much greater powers in handling eviction cases and preventing abuso by landlords; 2. Limit to 25 per cent gross, and 10 per cent net, the profit that any landlord would be allowod to make; 3. Dirpct the Wisconsin tax commission com-mission to Investigate and report to the 1921 Legislature on the feasibility of exempting homesteads from tax ation to $5000 In valuation. In recommending the legal limitation limi-tation of rent profits to 10 per cent net, the commission says: "Tho proposed- legislation has a precedent In our usury laws and we bellove the public necessity for it is equally apparent. It will not reduco rents of the landlord who ha3 been reasonable In his demands, but will greatly decrease some of-tho rents now exacted and will have the efefct of eliminating the rent broker or scalper." |