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1 The Federal tax on bowling alleys, pool tables, etc. is overlapped to a degree by similar State levies. State revenue from these sources, however, has been included under the amusement and admissions tax figures. The tax is not a significant revenue producer in the States.

Includes $85.7 million collected from 342-percent electrical energy tax. This tax was repealed in Rev. enue Act of 1951. Receipts from State electric tax included under public utilities.

& The national local telephone service tax is duplicated by the State telephone tax. Receipts from the latter are not segregated, but, generally are included under State public utilities taxes. In a number of instances, however, they are included under the property tax.

The Federal tax on coin operated devices has a counterpart in the States. State revenue, however, has been included generally under the category "others" within State license and privilege taxes. For some States the tax on coin operated devices is included in amusement tax receipts. The tax is not a significant one except in about 3 States.

The figure of 46 States levying the property tax is misleading, since most of the States have abandoned the real property tax as a State revenue source. However, for the purposes of consistency U. S. Census Bureau categories have been followed and these define the property tax to include ad valorem levies on such selected types of property as motor vehicles, public utilities, aircraft, intangibles, railroads, financial institutions as well as general property taxes. (See U. S. Bureau of, the Census, Sources of State Tax Revenue in 1950, November 1950).

Sources: U. S. Treasury Department Annual Report of the Commissioner of Internal Revenue. Fiscal year ended June 30, 1950 (Washington 1951); U. S. Bureau of the Census, State Government Finances in 1950 (Washington; 1951).

TABLE IV.-Comparison of Federal grants-in-aid to the States by main programs [In thousands of dollars]

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1 These are the totals of all grant programs, and not the totals of figures shown in this table.

Sources: 1946-50, Annual Reports of Secretary of the Treasury; 1951, Combined Statement of Receipts. Expenditures, and Balances of the United States Government, for the fiscal year ended June 30, 1951, U. S. Treasury Department.

TABLE V.-Range of State individual income tax rates as of Jan. 1, 1952

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TABLE V.-Range of State individual income tax rates as of Jan. 1, 1952—Continued

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1 A credit of 20 percent of the net tax due is allowed for taxable year 1951.

2 A 25 percent credit allowed against regular rates has been extended through 1952.

Percent

1

6

51

54

1

4

(6)

3

7

1

15

1

6

2

1

5

91.5

9 5.5

2

3

5

1

7

1.5

Rates given include additional taxes of 1 percent on earned income, professional income and annuities, and a 3 percent on capital gains, both on 1951 and 1952 income, plus an additional tax of 23 percent of the regular tax on all income categories, continued through 1952 and 1953.

45 percent of prevailing rates.

5 Deductions: 0 to $9,000, $5 to $90; over $9,000, $135.

Average property tax rates.

7A 10-percent reduction in rates is allowed for calendar year 1950 and for fiscal years ending in 1951. One-half regular rates.

Plus a 15-percent surtax. For the period Jan. 1, 1951, through Dec. 31, 1952, a surtax equal to 15 percent of the regular tax due is imposed.

10 For the tax year 1950, a credit of 20 percent contingent upon State revenues reaching $105 million in fiscal 1951 was allowed.

Source: Federation of Tax Administrators, 1952.

TABLE VI.-Range of State corporate income tax rates as of Jan. 1, 1952

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1 Rate adjusted annually with maximum of 8 percent, minimum of 4 percent, but never less than $25for financial corporations.

2 A credit of 20 percent of the net tax due is allowed for the calendar or fiscal year 1951.

3 Or $15, or 11⁄2 mills per $1 of capital less stock holdings, if either is greater than the tax computed on net income.

Effective rate in 1952 and 1953 is 6.765 percent comprised of the following: Permanent tax, 21⁄2 percent; temporary additional normal tax for 1947-53 inclusive, 12 percent; additional normal tax for 1948-53, 11⁄2 percent; temporary surtax of 20 percent of taxes assessed; additional surtax for old age pensions, 3 percent of taxes assessed.

5 Not to exceed 8 percent.

Trust companies not doing a banking business are taxed at 6 percent of gross earnings in lieu of ad valorem taxes on capital stock and personal property.

75 percent of prevailing rates.

8 Or $25 or 1 mill per $1 of capital, if either is greater than the tax computed on net income.

Mercantile manufacturing, and business corporations are allowed an offset for personal property taxes paid, up to 50 percent of income tax.

10 Or 40 cents per $100 of corporate excess is collected if greater than the tax computed on net income.

11 State banks and corporations pay 3 percent of net income or 120 percent of value of tangible property whichever is greater.

12 Plus 15 percent surtax. A 15 percent surtax is in effect for 1951 and 1952.

13 For the tax year 1951 a credit of 20 percent was allowed. The credit had been contingent upon State revenues reaching $105 million in fiscal 1951.

14 Plus retirement surtax: normal tax less $75, divided by 6.

Source: Federation of Tax Administrators, 1952.

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1 Two States, Mississippi and Oklahoma, prohibit the sale of liquors of alcoholic content above 3.2 percent and 4 percent, respectively. Sixteen States have liquor monopoly systems (Alabama, Idaho, Iowa, Maine, Michigan, Montana, New Hampshire, Ohio, Oregon, Pennsylvania, Utah, Vermont, Virginia, Washington, West Virginia, and Wyoming). Some of the monopoly States impose taxes, generally expressed in terms of a percentage of retail price. Vermont, however, levies a tax of $2.80 per gallon. North Carolina has county operated stores in counties which vote in favor of their operation and the State imposes a tax of 812 percent of retail price.

2 This rate is for retailers. Also gross income tax rates varying from 14 percent for manufacturers to 1 percent for extractive industries and 2 percent for rentals.

3 An additional 3 percent tax on retail receipts from the sale of distilled spirits was imposed in 1951.

4 Municipalities may impose a like tax at the same rate with full credit given in such instances for the State tax.

Wholesale, 1⁄2 percent; retail, 5% percent; income from personal services, 14 percent; includes temporary additional rates imposed for veterans bonus purposes.

Includes 10 percent veterans bonus surtax, effective July 1, 1949, to Dec. 31, 1958.

7 Wholesale sales, % percent; water, gas, and electricity, 2 percent.

Includes 1 cent per gallon additional tax, optional with individual counties, but adopted by all.
Wholesalers, 18 percent.

10 Wholesale merchants, 120 percent.

11 An additional excise of 0.08 cents per gallon is imposed on all gasoline, naphtha, and motor fuel manufactured or delivered in the State for resale to consumers.

12 Also has a gross income tax with rates varying from 100 percent to 2 percent, according to type of business, on which a 20 percent surtax was imposed in 1951.

13 Also gross income tax of 1951000 percent to 7.8 percent, according to type of business, less 10 percent of total net balance of taxes due.

Source: Federation of Tax Administrators, 1952.

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