Tax Changes Highlight Personal Exemptions and Filing Thresholds
The Revenue Act of 1921 introduces new personal exemptions for married couples and a $5,000 gross income filing threshold. Exemption amounts depend on net income, with a $2,500 or $2,000 figure and a saving clause to prevent undue tax increases for incomes just over $5,000. Even if deductions reduce net income below the exemption, a return must be filed if gross income reaches $5,000.
MENTIONED IN THIS ARTICLE
Collector of
Internal Revenue
Austin
Texas
Kerr County Road Bonds Sold and School Plan Initiated
Kerr County Commissioners sold road bonds to McCall-Moore Engineering of Waco for 163 500 par and accrued interest. Estimated total bonds and road work exceed 212 308 89 for several road sections with state and federal funding anticipated. The Kerrville Mount Sun elected officers and the board prepared charter bylaws and opened plans for a Kerrville Hill Country school to open September 1923 led by J J Delaney of Dallas as president.
MENTIONED IN THIS ARTICLE
McCall-Moore Engineering Co
Waco
Commission of Road District No. 1
H. Remschel
Gus. Lehreiner
Tom Duderstadt
Kimble County
Town Creek
Silver Creek
Water Street
Kerrville
Kerr County
Kerr
Mt. Sun
A. C. Schreiner
J. E. Jarrett
W. P. Dickey
L. A. Schreiner
J. J. Delaney
Dallas
Delaney
Westminster
Lehreiner
Kerrvile
Schreiner Institute Board Plans Postwar School Trust
Schreiner Institute trustees met at the Gunter Hotel in San Antonio to organize operations. They recall Captain Charles Schreiner’s 1907 gift of 250000 dollars and 140 acres to fund a Kerrville boys school, to be transferred to a Synod elected board after the German Austrian war.
MENTIONED IN THIS ARTICLE
Schreiner Institute of
Kerrville
Gunter Hotel
San Antonio
Charles Schreiner
Germany
Austria
Synod of Texas
The
Presbyterian Church of the
Nuisance Tax Repealed by Revenue Act of 1921
The Revenue Act of 1921 repeals nuisance and luxury taxes effective January 1 1922 incliding the 1 cent tax on sodas and confections. It also repeals taxes on freight and passenger transport and certain apparel taxes paid by manufacturers. Remaining duties limit Section 904 taxes to specific items with caps.
MENTIONED IN THIS ARTICLE
Internal Revenue
James W. Bass
First District of
Texas
Also Mentioned on This Page
North Fork
South Fork
Turtle Creek and
Medina Road
Bandera Road
Fredericksburg Road
Harper Road
H. Remsehel
W. G. Garrett
J. B. Jarrett
Ally Beitel
R. E. Vinson
BE. B. Paisley
McAllen
B. I. Dickey
Corpus Christi
Collector of Internal Revenue
Pitas
Graham Tire Co
Benton Harbor, Mich
Gillespie County Farm Bureau
Court House
Christ. Mathisen
Schreiner Institute Board
Texas Bankers’ Association
American Bankers’ Associati
Citizens Bank
Fredericksburg
Oscar Krauskopf
A. Vander Stucken
Bierschwale
Cashler
Otto Schneider
Peter Schneider
Schneider’s Produce Co
Kellogg’s
Jack
Will
Kelloggs
Tate
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