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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Jan 27, 1923
Page
6
The legislature begins work after organization on Jan 16 with code revision driving early agenda. Senate prioritizes code bills, while the house also advances other measures. Notable action includes Bradley park bonds and a constitutional amendment to allow women to sit in the legislature. Des Moines.
A resolution proposes a $20000 loan to the state bonus fund to be repaid when available. Highway law changes are under discussion but a move to move the state highway commission to Des Moines has not yet been advanced. Next week focuses on the tax commission report and bank tax issues tied to the Richlinaud decision affecting stock versus credits.
Senator Van Alstine returns from Washington to study the new tax bills as the acute tax commission wrestles with overhauling levies. If union dues and credits taxes rise to par with other property, capial may move to states with lower rates. The debate centers on whether bank stock should be taxed on the same basis as money and credits, and how much revenue would drop. Watkins Coal Co. advertises contact numbers.
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