Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1893-01-14

Mr.. Barela then moved that when this
house adjourn it do SO until 10 o'clock
Monday morning, which was carried by a
vote of II ayes to nays. Adjourned.
THE REVENUE LAWS.
II. B. No. 48, introduced by Represen-
tative W. s. Hcpewell, of Sierra county,
proposes many radical changes in the
existing revenue laws of the territory.
It starts out by prohibiting double taxa
ton and declares "all property of every
kind and nature whatsoever, within this
territory, shall be subject to taxation"
except what is exempt by law. Terms
of the act used in connection with taxable
property are carefully defined.
Section 2816, of the Compiled Laws of
1884, is amended SO as to read as follows:
All taxable property shall be listed, as
sessed and taxed each year at its full cash
value in the name of the owner or re-
puted owner thereof on the 1st day of
March, The term "full cash value" shall
be taken to mean the amount at which the
property would be taken in payment of a
just debt due from solvent debtor.
Section 1920, of the Compiled Laws
of 1884, is amended SO as to read as fol-
lows:
Section 1920. Any person having in
his possession, or under his control, or
management, or on deposit, any money,
note, credit or personal property belong
ing to another person, shall list the same
at their full cash value, and shall be per
sonally liable for the tax on the same; all
banks and all saving institutions shall
list the money or other property held by
them upon deposit, or in the possession
or under the control of said banks and
saving institutions and shall be liable for
the tax thereon.
Section 1922 of the Compiled Laws of
1884 is amended, adding to said section
as follows:
Fourth, The surface Improvements and
the net output of ore of all mines and
mining claims bearing gold, silver and
other precious or useful metal, the rev.
enue derived from the sale or rental of
water or water privileges from all pipe
lines, canals, irrigating bitches and fumes,
shall be taxed the same as other credits
or personal property.
Fifth, Each and every express company
transacting business in this territory shall
be taxed upon the excess of their receipts
for express charge in the territory over
the ordinary expense incurred within the
territory during the year previous to the
year of listing in the county where the
agent conducts the business, proportioned
by the company, at the same rate as ell
other credits or personal property are
taxed, and if any agent refuses to render
the list, the amount may be assessed ac-
cording to the best knowledge and dis
erection of the assessor.
The bill provides fora territorial board
of equalization, composed of the auditor
and two members named by the governor,
members of said board shall receive in
full of all compensation $40 per day for
the days actually in session and Is cents
per mile, mileage in gong to and from
the place of meeting.
All duties, dates of meeting, ETC., of
this board are fully detailed in the bill.
The measure further provides that section
2S42 of the Compiled Laws of 1884 Is
amended SO as to read as follows:
On or before the second Monday in
September of each year the territorial
auditor shall transmit to the clerk of each
county statement of the changes, if any,
which have been made in the assessment
or valuation by the territorial board of
equalization, and the clerk upon receiv-
ing such statement shall note such
changes upon the assessment rolls in
separate column.
Section 2S45 of the Compiled Laws of
1884 is amended SO as to read as follows:
The clerk of the board shall deliver the
tax (rolls) to the ex-oficio collector of
the county on or before the first day of
October and shall take his receipt there
for, and such list and warrant shall be
full and sufficient authority for the ex-
officio collector to collect all taxes speci-
fed therein and shall be his justification
against any illegality in the proceedings
prior to his receiving the list.
Section 1855 of the Compiled Laws of
1884 is amended by striking out of said
section the word august" and inserting
in lieu thereof in said section the word
"October."
Section 2872 of the Compiled Laws of
1884 is amended by adding to said sec
ton as follows: So much of the said 10
per centum as may be required is to pay
costs of publishing list which shall be
published in the newspaper bidding the
lowest sum to publish the same: Pro-
vided, The county commissioners deem
the lowest bid received reasonable price
for the work; and the balance of the 10
per centum to be paid to go into the
county fund.
Section 2901, of the Compiled Laws of
1884, is amended so as to read as follows:
License taxes, ons-half of which shall be
for territorial and one-half for county
purposes, unless otherwise especially
provided, shall be imposed for each year
as follows: All persons who shall sell or
dispose of any wines or distilled or malt
liquors in quantities of two gallons and
upward shall pay license tax as follows:
First-class. Those whose yearly sales
amount to 100000, shall pay q tax of
$3.50. second-class. Those whose year.
ly sales amount to less than e1OO, 1000,
shall pay tax Of e150. Third-clats.
/ oss whoss yearly salss amount 70 lees