The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1870-05-13
CHAPTER LOG.

SAAAAA i LIN XoVs
An Acr for the Ia xat ton of Railroad
Property.
SIC. l. Be it enacted by the
General Assembly of the state oil
Iowa, That each railroad company
owning or operating . railroad in
this state. shall annually on or be-
fore the fifteenth day of February of
each year, make out and file with
the Treasurer Of state sworn state
msnE, setting forth, first--the amount
ofgross rece ipts Of their railroad for
the year ending the thirty-frst day
Of December preceding; secsnd-the
number Of miles Of main track Of
their railroad in each county on the
thirty first day of December preced-
ing, which statement shall be sworn
to BY the president and secretary of
such company and by the general su-
perlntendent Of their railroad or any
twc@of them.
Sec. 2. The state Treasurer shall
lev On said gross receipts tax as
foil 70, viz: On the first So, coo, or
partfhereof per mile, one per centum
andyan receipts Of over $4,000 and
und3 $4,000, per mile, two per
ceptum; and on the excess of receipts
over $1,000 per mile, three per cent
UNI, which taxes the said railroad
companies shall pay on or before the
first day Of March, after which time
said taxes if not paid shall become
delinquent, and the same penalties
and interest shall attach as on other
taxes.
Sec. 3. After the said taxes be.
come delinquent, the treasurer of
state shall proceed to collect the
same In 1.-The same manner and with
the same rights and powers as .
sheriff under execution, except that
no process shall be necessary, to au-
thArizs the treasurer to seize and
SCI property for the collection Of said
taxes.
Sec. 4. One fifth Of the taxes lev
led and collected as aforesaid shall
remain in the state treasury to be
used in the same manner as the sew
eral revenues Of the state, and the
other four-ffths Of said taxes shall
be apportioned by the treasurer Of
state to the several counties through
which the said roads respec lively run,
In proportion to the number Of miles
Of main track Of road in each county
and shall be paid over by him to the
treasurer Of the county entitled there.
to.
Sec. 5. If any railroad company
shall fail to furnish the sworn state.
NEST required BY this act on or be-
fore the time herein provided, the
treasurer Of state shall on or before
the first day Of March ascertain "a
nearly as possible the gross earnings
Of such delinquent company, and
shf III assess thereon the tax as here
ip provided. together with penalty
thereon of thirty per cent. for such
neglect, which tax and penalty shall
be collected - provided by the third
section Of this act. When the treas
Vxex. of state has to incur any ex.
penss either in the assessment or col
lection Of said taxes after they be-
oNpe delinquent. he shall add one
per 0entum on the amount Of taxes
ane, which shall be his compensation
fox said assessment and collection.
TIE taxes herein provided for shall
r in lien Of al taxes for any and all
pnRposss on the road-bed, right Of
WY, track, rolling stock and neces-
cary buildings for operating their
rad. except as hereinafter provided;
bat ether property belonging to such
company, whether personal or real,
ahall be taxed Is property of indirid-
VlA~in the respective counties in
Ehinh the same may be situated.
v&sc. 6. No provisions Of this act
lhau BE- held to apply to any railroad
bridge across the Mississippi or Mis-
jApri river. but such bridges shall be
assessed and taxed on the same basis
@ the property Of individuals.
.sSee. I. All acts and parts Of acts
ipeopsistent with this act are hereby
Fspealed.
i.Approved April IL. 1870.