The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1891-03-11

How the Revenue VIII he Raised in TIA
Future.
The general tax law, known as the "Ops
benheim-Hundred" tax bill, is a codi6caI
ion of the existing assessment laws with
Feveral very important new provisions.
Early in the session several bills wer
introduced on the subject of taxation ant
deferred to The ways and means COMMITTEE
in the house, and in the senate the financd
committee. Senator Magee, chairman Of
the latter committee and Mr.. OppenheimI
chairman OF the ways and means comb
mittee in the house, jointly prepared the
general tax bill which is now
a law. incorporating Mr.. Cullop's
bill TO tax corporations, Mr.. Beasley's bill
creating state tax commissioners and
county assessors, Mr.. Oppenheim's bill t.
tax railroads for the support OF the state
government, and Senator Towards gen
eral assessment bill. The bill was in
trOduced in the house by Mr.. Oppenheim
and in the senate by Senator Howard.
The bill passed the house first with
amendments and was agreed TO in the
senate with minor amendments. In the
house the provision which required all
taxes collected from railroads TO be
turned over TO the state treasury was
stricken cut. The law goes into effect at
once and $4,000 copies have been ordered
printed.
The assessors will begin 10 assess on the
FIRST Monday in April as usual.
The new provisions OF the assessment
la-., r0If IT,
ship assessors will continue in Office until
the expiration Of their terms, the first
Monday in April 1924, but they will be
ineligible for a second term. Their sue
cessors will he elected at the township
election on the first Monday in April
1894, and will not be eligible for
reelection. All assessors and deputies
must take an oath that they will assess all
property at its true cash value, aud when
they make their returns they will also file
an oath with the county auditor that they
have assessed property at true cash value.
deputy assessor must make his re-
turns to the assessor appointing him.
The first assessment OF real estate under
this act will be made ties year and every
four years thereafter.
The Office OF county assessor Is created
who shall hold his Office for Jour years
ob0 chohA hOb 70 CAiEiDlt lDE Tc-tltCLlOD.
He shall be elected at the
general election in 1892, but
on the first Monday IN April, 1891, the
board OF county commissioners will fill
the vacancy. He must be a resident free
holder of the county for not less than five
years before the date OF such election
must give bond 10 the amount OF s. 600:
compensation 3 per day for time actual v
employed.
The auditor shall turn 10 the county az
SCISSOR all returns of real and personal
property made by the township assessors.
The county assessor shall make a careful
examination of the tax duplicates and also
OF all the records and papers of the au-
dItor, treasurer, recorder, clerk,
sheriff and surveyor and to list
and assess at the true cash value
upon the proper township assessors
| books, aud 10 the proper person, all
omitted assessable property OF every kind
and nature, including tax certificates,
mortgage debts, judgments, claims and
allowances OF courts and iegacies and
property in the hands OF admins
TRAITORS. executors. guardls2s, assignee
recsivers, trustees 2 al led
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