The Van Buren press., 1874-12-15
Exempting Manufactures.

committee of the whole and adopted, af
ter rather prolonged debate, the fol
lowing bill exempting capital employed
in mines and manufactures from taxation
for period of seven years. This is per
haps as good bill as could be passed
and it is to be hoped it will be pu
through at an early day:
An Act Exempting from Taxation Manu-
factories and Mining establishments
Be it enacted by the general assembly o
the state of Arkansas:
SECTION l. That all manufactures
erected exclusively for the manufactures
of cotton and woolen goods and yarns
agricultural and mechanical instruments
railroad cars and other railroad machin
cry, furniture, wooden ware, or any Other
manufacturing establishments, together
with the buildings used by said manufac
tories and five acres Of land on which
the same is situated, be, and the same are
hereby exempt from taxation until the
thirtieth day of October, 1881, Provided
i uut Tue VI CaSU StDital INV NSttb
in any one of the manufactures enumera-
ted above, shall not be less than $4,000.
Sec. 2. That all machinery, implements,
furnaces used exclusively in the mining
of copper, lead, zinc, antimony, gold and
silver or any other ores, together with
the buildings used by any mining COM
pany, and not exceeding five acres of land
on which the same is situated, be, and
the same are hereby exempt from taxa
ton until the thirtieth day of October,
1881.
Sec g. That all the machinery, imple
ments, furnaces, wagons, carts, the appli-
anccs used exclusively in the mining OF
coal, together with the buildings used in
said mining, and not exceeding five acres
of land be, and the same are exempt from
taxation until the 30th day Of October
1881. Provided the cash capital invest
ed in such mining of coal or iron shall
not be less than $1,000.
Sec. 4 That any person or persons
corporation or company, desiring to
avail themselves of the benefits of the
provisions Of this act, shall, each and
every year, before the assessing of rea
estate and personal property, at least
twenty days before such assessment
make out a schedule, sworn to, Of such
property as may be exempt under The
provisions Of this act, and file the Same
in the county clerks office of the county
in which said manufactory or mine is sit
uatcd, and the fling thereof shall be ;
notice to the assessor and collector o
such county, that the same shall be ex
empt from taxation.
Sec. 8. That if any mandatory o.
mine shall suspend operation for th'
space Of six months, that it shall be tn,
duty of the assessor to assess the tax
both state and county, on the same. al
on all other property in the county, wher'
such mandatory or mine is situated
and collect and account for the same il
his settlement; and thereafter such man
ufactory ormine shall forfeit ali bcneiit
conferred by this act.
Sec 6. The words mining and "man
ufacturing, as used in this act, shall b.
held to mean, and be construed as th
same are, defined in the official opinion
of the commissioner of internal revenu
of the United States, and it is hcreb,
made the duty of the state auditor to SEM
printed or written instructions thereof
to the several assessors oftaxes.
Sec. Z. If the assessor shall be salts
fed Of the correctness of any statemen
any manufacturing or mining company
made in accordance with the provision
of this act, he shall mark the same cx
empt, and thereupon there shall be m
taxes levied or collected upon the prop
erty therein mentioned; but if the assess
or shall not be satisfied rs to the correct
ness of such statement, he shall motif
the person or agent making the same
that he will submit such statement to th
county court, at the next term thereof
at which time the same shall be adjudica
ted and determined, subj ject to appeal t.
the circuit court of the county in whic
the property claimed to be exempt, i
situated and if the court decide that tn
property mentioned in such statement i
not exempted under the provisions o
this act, such person or agent shall pa
the costs, and there shall be collected, i
addition to the taxes on such property,
penalty of ten per centum of the take
found to be due, which penalty shall b
collected in like manner as taxes are no,
collected, and shall be paid into the com
mon school fund.
Sec s. That all laws in conflict wit
this act be. and the same are hereby re
passage.