New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-27
RAILROAD TAXATION IN NEW-JERSEY.
An IMPORTANT BILL PRESENTED IN THE SENATE
OTHER LEGISLATION.

An IMPORTANT BILL PRESENTED IN THE SENATE
OTHER LEGISLATION.
TRENTON, n. D., Feb. 26-1he Legislature
reasscmbled this evening, the eighth week OF its
session.
In the Senate Mr. Grggs, OF Passac introduced an act
of great importance the question OF railroad taxation
The bill is entitled act to impose uniform state tax
on the property of railroad and canal companies. The
first section provides that all property Of any railroad or
company Incorporated under the laws OF the state
shall be taxed at the rate other property III the
respective townships and cities where such property may
be found including the rates for STATE county ana mum
cipal PURPOSES all railroad property not used for rail-
road purposes shall be assessed aud taxed by the same
and in the manner as other private prop
ery all other railroad property shall be assessed and
taxed asprOvided In this act
The second section provides for state board OF
ors three In number, appointed by the Governor,
rmed by Senate and holding Office for three years,
and aboishes the office of Railroad Commissioner.
The third and fodrth provide for the
ment of all railroad and canal property by these
ors The fh sixth and seventh sections provide that
~ the fair cash value OF the stock Of company exceeds
t assessed value OF the real and personal property the
Adherence shall taxable; the stock shall not be taxed
otherwise; the methods OF ascertainng the value
described with minuteness Inc eght section provides
that the amount assessed on the personal properly and
the stock shall be divided AMONG t,e aAg dstilcts III
les In the dstrcts II other properly Is uhueTEhue tue
TO reduce the Valuation on thc ihHohd
nropertV in the same proportion The ninth section
ulaies cases where part Of the railroad Is In this state
and part III adjoining state. , IL. -
The tenth section provides that township ana CITY as
shall returns OF the rate oil TAX IN ter d
trlcts The section directs retuis from inc
state assessors Controller who Is to collect the TAX
al the local rate the amount Of railroad pr perty az
porOned 10 each district Tho twelith ana ihirteenll
sections provide for the review OF assessments ana LOT
appeals TO TIE The fourteenth section provides
for suit 10 the tux when payment b refused ana
for the enforcement OF Judgment other Judgments
are enforced The fifteenth ana sixteenth sections pro
vide summoniDg OF witnesses by the State assess
and for the Ming Of full statements by the railroad
companies The seventeenth section provides for spec
ia returns from companies claiming specific contracts
with the state. The eighteenth section orblds the COM
uaues hayng special contracts from acquiring or holding
property except their contract enables them 10 ae-
aure and hold ut present The nineteenth section pro-
vdes that the companies who may not be affected by the
taxation clauses OF this act shall pay the same tax as
now provided by law. The twentieth section provides
penalties for dsobeying this law The twenty first sec
ton proydes that the State Treasurer shall retain one
half OF one per the entire assessed valuation from
the total amount paid for State purposesi the re
aInder he shall apportion the Ia king dsucts IN
proportion to amount OF property IN SAID districts
provided the Legislature shall not appropriate Tor state
purposes AN amount exceeding the sum OF the onenai