New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-02-09

THE PROPOSED CODE.
An ACT ,e, s% chapter 7, Of %, sS sr
The People OF e Sfae Of Hew York, refTesee" w Se-
MI, and Assembly,. do enact as fOtiors: ,,,,
TITLES one and two chapter 49, part one OF the Revised
Statutes. hereby amended 30 az TO read a. oo"S'
TITLE I. OF the property liable to taxation ., 4,
TITLE g. OF the place and manner IN which property ~
TO be assessed.
or the Property Liable 70 Tarafto''
I. Real estate subject 10 taxation.
q Meaning Of the term Land real eS'"'o' am
s. epec,iicd personal property liable 20 taxation, me
shares and corporate franchises OF money M
l. Real estate subject TO- suppeln9n'a eaAaI,v n The
building occupancy valuation equal to three tnes '"o
rent OF buildings. ,.,. n,
6, Building occupancy assessment an cqngasn, OF Of
the personal property, expense, and consumption VI
occupicrs. =, .,,, .
6. building occupancy tax may be recovered by own
J. Meaning Of taxable property" aud building oo-
cupancy valuation"
g. Land sold by the State though not conveyed to be
assessed.
by individuals corporations, 6ha bo liable to taxa
ton their full real and actual value. subject 10 the
exemptions hereinafter specified. -,
SEC The term land" used In this chapter, sna
be construed to inc udo the land se all buildings ann
Other articles erected upon or ef1ed 10 the same, All
whaiyes or piers, INCLUDING the value OF tS I,gnt or
grant to collect wharfage or dockase An
railroad structures cnts entertainments, culyerts sdnRs
aud tracks, and the iron thereon and including the o
and other fixtures oTned BY G Ha IN amy pnS
lie roads, streets grounds; all gas Ana weEffpes
owned by any Incorporated company, lhGluIhs san d
Underwood growing thereon and all mines mineraps
Gma gafr n Sa tate and the terms real estate and
real property whenever they occur IN inns m "a,
shall be construed having the same meaning as tno
term Gland" thus defined.
SIC. The following personal property shall DC hioo
l. The shares Of banks, banking associations, or
gauized under the national banking law located aud do
ing business within this State.
o The shares and corporate franchises OF banks or
banking associations or individual bankers doing ousi-
a The shares and corporate franchises or all trust
companies doug business within this State and orgauzed
l. The shares and corporate franchises Of all other cor
poratons divided into shares, orgze1 under the Jaws
or this State and engaged In the business or receiving
g. The shares corporate franchise o. all fire. inland
md marine insurance companies organized under tho
laws this State and the privileges OF foreign nre IN
surance companies. ru,,
to additional or supplemental taxation, on an add,
tiOnal supplemental assessment Of sum cquai 10
three times the rent rental value Of all buildings
thereon the length Of time actually occupied during
e Ser on for the p9 Of said buildings occupied as
aforesaid but no assessment shall be made under the
PARTS of buildings occupied by the corporations enumer
ated and made subject to taxation on their corporate
franchises and privileges ID Section OF iis tte me
tax imposed according 70 the provsonf 81 this section
shall he known the building occi?lncY" tax, ana
shall be n charge and lien the same Otef real estate
taxes on the lots parcel OF Land winch tne occupied
buildings situated and may DO elected " uisIaht
NAV be assessed, by sale OF the premises. or other
wise, and 10 the samo manner as other taxes upon tea
SIC :. Tie building occupancy assessment shall be
deemed to be the equivalent or estimate OF te vne Oh
the pei sonal property owned in the possession or uler
the control OF the occupieTs as oWhers OF tenants
as bOsrders odgcrs, Of buildings or parts OF Du-
ing the index OF said occupers expense or consnp
ton made liable TO taxation:
SEC G. Any owner OF real estate paying or his real
estate being subject to the building occupancy tax may
add the tax the pro rata proportion Of IL to the ren
uayable in respect of such occupied buildings anu snh
be entitled 70 collect the said tax from the tenant oy aus
traiut and he shall have the same remees Tor recover
ing the for rent In arrears unless there Is con-
tract the parties that the landlord shall pay tue
building occupancy tax. ., .
mean taxable assessments valuations, and building
occupancy valuation" snail be construed to mean
Buildings or parts of buildings, occupied for the pro-
vious year. which are subject to building OCCUPANCY
or other direct taxes levied taxable property by
rate or per cent shall be Levied upon the asSregate OF
within tho district or territory where the tax may
be levied and assessed according to the provisions OF
Lands sold by the state though not granted or
ner as if actually conveyed. .. ,....
SEC. Tho following property shall be exempt from
l. All property not made suhject.to assessment and
taxation by laws hereafter enacted OF by title rst aud
All propery EXEMPT from taxation by the Consu-
ton of thus state, under tho Constitutions Oh the Untod
a All property belonging to this State any municipal
corporation thereof any town. county. school dsIc Or
= Every building owned and occupied by ncor
porated college academy or other Incorporated
mary of learning every building for public worship,
and tho several lots whereon such buildings are situated
g. The property Of charitable ard other corporations
exempt from taxation according the provisions Of their
charters
6. The property Of every public library.
Z. Cemeteries, tombs and rights OF burial so long as
and the property Soldiers Monument Association"
g. Every poor-h9use asylum, or hospital Tor the poor
house, every house belonging TO and occupied by an in
cOrpOrated company for the reformation OF Offenders or
to improve the moral condition OF seamen.
All lands belonging any agricultural society, and
permanently used for show grounds during the time so
TO- And Indian reservation lands while in the posses
sion Of Indians III tribal relations aud exercising tribal
authority.
OF The Manner In which Property shall be Assessed.
ART. l. Manner Of assessment of the building occu-
ART 2. Manner assessing the shares and corporate
franchises of specified moneyed corporations
ART. 3. Manner OF assessing real estate.
ART. 4. Manner of making the assessment roll, and the
ART. s. State Tax Commissioner, his duties, and the
equalization Of tue State tax.
ARTICLE FIRST
OF he Manner and Place Of Assessment Of Buiiiiry
Occupancy Tar on Land.
SECTION 1. When building occupancy tax shall be as.
sessed, and to whom.
O. Manner Of estimating the rent of buildlngs
The rent OF rental value Of building 10 include GER
tan land.
l. Aggregate building valuation assessed on each lo.
SECTION 1. Land shall be assessed for the building
occupancy valuation to the same party to II shall
be assessed in the assessment roll for the real estate
valuation
SEC. In estimating rent or rental value otany
ably occupied building. the actual aud bona de rent
thereof. II tho said rent has been fair and equitable
one, and propor0nae TO the value OF tho property shall
be tho basis OF tho assessments but II the
building during the previous has been occupied by
tho owner thereof or has not had known marketable
rental value, established rental value by compar
with similar buildings actually rented IN the iinme-
diae neghborhood then the rent shall be estimated at
sum equal to 10 per cent Of the value Of the building
SEC The building, for the purpose Of estimating he
building occupancy valuation. shall be deemed TO in
cude the land upon which IL is constructed and so
much the unbut portion OF the lot usually used
as a yard, courtyard, or means Of convenient
occupancy OF the building for the purpose
for which used, but not TO exceed of land
adjacent contiguous 10 building and