Will the Senate sanction the revision project voted by the Chamber?

L'Intransigeant was the only one to report in its issue of February 11 that the revision of landed property assessments had been suspended, on the orders of the Ministry of Finance, and adjourned until 1931. The Chamber has since sanctioned this adjournment by an article of the finance law.
However, the financial controllers hoped to have completed the total revision of landed and built properties in France by next July.
The government weakly defended itself against the demands of the rural parliamentarians and finally gave in by giving as a pretext for this suspension of the revision that certain rental values ​​of landed properties had sometimes been increased by a factor of one to two.

Inequality

The rural deputies thought that their voters could not bear the increase in taxes that would result from the new assessment. And yet, do not the winegrowers of Hérault, the large landowners of Beauce and Normandy, the rich farmers of Bresse, the breeders of Vendée, of Limousin sell their products in harmony with the current rate of living? Is it not logical, consequently, to revise the value of their property?
All the more so since the interested parties retained the right to request subsequent modifications to the assessments made...

And can we forget that out of 2 billion 800 million produced by income tax, the agricultural tax only brought in 25 million last year?

Inconsistency

As for the assessment of real estate, what will it be? At what value will we put a building that, before the war, was worth 200,000 francs for example? If we have to give it its current real value, we will reach the figure of one million. Or will we take the limitation of the price of rents as a basis and will we be content, on average, to double the pre-war price? The Ministry of Finance is saying that this is the second solution that we would stop at. But then we no longer understand.

Indeed, the finance law voted by the Chamber provides that the legal deduction on the value of buildings, in terms of taxation, cannot be less than 75%. However, this legal deduction was until now only 25%. The result, if the law were applied to the letter, is that the State, instead of finding new resources in the revision of the evaluation of built property, would eliminate part of those that already exist.
Example in 1911, rental value of a house: 1,000 francs; legal deduction: 25%; net taxable income: 750 francs. In 1926, rental value of the same house: 2,000 francs; legal deduction: 75%; net taxable income: 500 francs, or 33% less than in 1911. Is this what the Chamber wanted?
It is to be hoped that the Senate will put an end to the incoherent solution given to this question by the Chamber and that the problem of the revision of the valuations of landed and built properties will be resolved fairly and logically. —

H. G.