Page:The Wisconsin idea (IA cu31924032449252).pdf/110



Moneys, debts due and to become due, all stocks and bonds not otherwise specially provided for, are exempt from taxation. The law was declared constitutional on January 9, 1912, by the Wisconsin supreme court. Its advocates do not claim perfection for it; they admit that it is experimental but fundamentally right.

Educational

For common school purposes there is a $7/10$ mill tax levied on general property of the state as determined by the tax commission, exclusive of the property of corporations which pay fees or are assessed by the state board.

For the support of the university there is a tax of $3/8$ of a mill upon each dollar of assessed valuation of general property of the state, as determined by the commission (chapter 631, laws of 1911). Under the same law there