Mcallen Daily Monitor

Bill Introduced In Legislature Also To Tax Net Income On Retail Stores.

AUSTIN, Jan. 11.(P)-Representative Homer Leonard, of McAllen, introduced a bill today to permit bonds of irrigation districts and other subdivisions to be sold to the R.F.C. at less than par. This was an aftermath of a recent federal court decision at Brownsville.

AUSTIN, Jan. 11.-(AP)-A bill providing a licensing tax on chain retail stores was introduced in the forty fourth legislature today.

The bill was by Representative J. F. Lindsey of Anson and others.

A sliding scale of license fees ranging from $3 for one store to $500 each for chains of 50 or more was provided.

Approximately seventy bills, providing among other things for reducing the amount of the poll tax for $3,000,000 aid to the Texas Centennial and for senatorial redistricting, were introduced in the house.

Meanwhile, a joint session of the senate and the house heard an address by Alvin M. Owsley of Dallas, minister to Rumania and former national commander of the American Legion.

Joint Session Ordered

Another joint session was ordered for the canvassing of election returns for governor and lieutenant governor by a joint committee.

James V. Allred will be inaugurated governor and Walter F. Woodul, lieutenant governor on January 15.

Lindsey's bill called for the 'licensing of all retail stores. Failure to obtain a license would be a misdemeanor punishable by a maximum of $500 fine or 30 days in jail or both.

The scale of license fees follows: One store $3; two stores each $6; 3 to 5 stores, each $25; 6 to 25, $100; 25 to 50, $250; in excess of 50, $500. The act would be effective July 1, 1935.

'There are numerous stores in Texas which are daily withdrawing

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Chain Store-
(Continued From Page One)
ing large sums of money from the
state," the bill set forth, "and in
many instances are avoiding state
county,
municipal
and school
taxes."

Asks Excise Tax.

Representative John A. Atchison
of Gainesville, introduced a bill
which would levy an excise tax on
the net incomes of retail grocery
and clothing stores. The tax also
was on a sliding basis, increasing
with the income, as follows:

Incomes of $10,000 to $15,000
one per cent: $15,000 to $20,000,
2 per cent: $20,000 to $25,000, four
per cent: $25,000 to $30,000, six
per cent: $30,000 to $40,000, eight
per cent: $40,000 or more, ten per
cent.

Penalties for delinquencies were
provided, as well as a penalty of
$5,000
or jail sentence of six
months maximum for fraudulent
returns.