Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1886-10-09
NUMBER ONE.

SECTION /. Al property in the State, except
| railroads, not exempt under the laws OF the
| United States, shall be taxed in proportion TO It's
! value, to be ascertained as provided by law:
The word property, as used in this article and
section, is hereby declared to include moneys,
credits. bonds, stocks, dues, franchises ana all
other matters and things, real, personal ana
mixed. capable Of private oWnersnlp; propt1edy
thai growing CROPS, property used exclusively
for public schools, and such as may belong TO
! the United States, this State, or any county or
municipal corporation within this state, snail
be exempt from taxation, Growing vines ana
fruit trees shall be deemed to be and shall be
assessed aud taxed as a part Of the realty; and,
provided further, that railroads snail be taxed as
provided in Section Ten OF this article and.
| prouided further, that the Legislature may pro
vide for the exemption from taxation OF ships
! and vessels owned and registered or enrolled II
this State, or may tax sdch ships and vessels on
their gross or net earnings, in lieu of an ad val
orem tax. The Legislature may also provide,
except in case of credits secured by mortgage
or trust deed, for a deduction from credits OF
debts due to bona fde residents of this state.
Double taxation in any form is prohibited.
SEC. s. The Legislature shall, by law, require
each taxpayer in this State to make and deliver
to the County Assessor, annually, a statement
under oath, setting forth specifically all prop
erty, real and personal, except railroad property,
as defined in Section Ten of this article, owned
| py such taxpayer, or in his possession or under
his control, at twelve o'clock meridian or the
first Monday in MaTch,
SEC. 10. All property. except railroad prop
| ertv. as hereinafter provided. shall be assessed
in the county, city, city and county, town town
ship, or district in which it is situated, in the
manner provided by law. Every corporation
and person owning or operating g railroad, or
any portion thereof, in this state, shall, on or
before the first day Of July OF each year, pay 70
the State Treasurer an annual tax OF two and
| c half per cent upon the gross earnings, earned
within this state, of such railroad, for the year
| ending upon the thirty-irst day of December
| next preceding, which tax shall be IN lieu OF
all other State and county taxes upon the iran
chise, business, right of way, roadway, road6edi
| rails, rolling stock, fences, stations ana tnelr
| appurtenanees, and upon teTryboats, When OPP
Grated as a part OF such railroad, ana upon the
| shares of the capital STOCK, ana upon Inc mort
| cages. deeds of trust, contracts or other obliga-
| ton by which a debt is secured upon such prop
| erty. All other property belonging to such cor
poration or person shall be assessed ana taxed
| as other property is assessed and taxed. The
gross annual earnings earned during the year
| ending on the thirty-hrst day OF december last
preceding, of all railroads, shall be, annually
| before the first day of MaythereafteT, ascertained
| and declared by the State Board OF Equalization,
under such rules and regulations as may be pre-
seribed by said Board; provided, however, that
| the Legislature may at any time pass laws pre-
| gcribIng said rules and regulations. In all cases
where railroads are situated partly within this
State aud partly without this state the gross an
nual earnings thereof shall be sscertained and
determined by taxing:
Fra-T The gross earnings which, during tie
year lest preceding, have been earned wholly
within this State.
Second-The gross earnings which, during the
same year. have been earned partly Within TINS
State and partly without this state. which shall
be ascertained by apportioning such earnings
between this State and other states or Terrlto-
RES, in the proportion which the number OF
miles of such railroad situated in this state, and
| ,sed ia making such earnings, bears to he
whole number of miles thereof, by the use OF
which such earnings have been made. Inc pro-
portion of interstate earnings thus ascerteined
| shall be added to the earnings made wholly
within the State, and the total thus obtained
! shall be taken and deemed to be the gross earn
| ings of such railroads for all purposes OF assess
ment and taxation. For every purpose o. TINS
| section. except for the purpose OF a~scertalnlnR
the proportion of interstate earningst to be added
to the earnings made wholly within this state,
| all railroads operated as one system snal pc
treated as one road. One-thlrd OF the tax pelc
| by corporations or persons owning or operating
railroads under the provisions Of this section
shall become part OF the General Fund OF THIS
State, and two thir Is thereof shall be pad to
the county or counties in which said railroad is
\ situated, in proportion to the length of the rail
road operated in the several counties. FOR the
purposes of this section a consolidated city and
county shall be treated as q county. ANY corpo-
ration. association, partnership, person or per.
sons, ~unlawfully failing or refusing to pay the
tax herein provided, when the same shall be-
come due. or within thirty days thereafter, shall
be deemed to have waived their rlgnt 20 operate
their railroads within this State. The taxes
herein provided for, together with such penalties
as the Legislature may impose for the non-pay-
ment thereof, shall be a lien upon the property
| hereinbefore in this section designated, and may
be enforced in such manner as the Legislature
may by law prescribe. All railroads, SO far as
the same are situated within the boundaries Of
any common school district, shall be subject 70
an ad Yslorem tax for school purposes voted By