The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-02-17
EQUAL TAXATION MEASURES
Assemblyman Kinks Alternative Measures to
Make the Railroads Pay Their Share
of the Public Burdens.
ASSEMBLY. NO. /

ASSEMBLY, NO. 1.
introduced January IS, 1887, by Mr. Kiink.
referred to Committee on Railroads
and Canals
An act to amend an act entitled San act
70 revise and amend AN act for the tax
alton of railroads and canal property,
approved alant ed April al tenth, one thousand
proved March twenty-seyenth. one thou
SAND eight hundred and eighty-eight
BE 1t enacted by the Senate and Gem
eral ASSEMBLY of the State of New Jer-
l. Section nine of of the act entitled
An act to revise and amend An act for
the taxation of railroads and canal prop
erty, approved April tenth, one thousand
eignt hundred and eighty-four,' ap-
proved March twenty-seventh, one thou
SAND eight hundred and eighty-eight, is
nereby amended so as to read as follows:
y The State Board of Assessors SHALL
upon the completion of their valuation
anu assessment, proceed to compute the
tax upon the entire assessed valuation of
eacn railroad company and of each canal
company as ascertafned by them; upon
such valuation, after deducting therefrom
eral taxing districts separately valued
ana assessed under the provisions of sub
DIVISION two of section three of this act.
each company shall pay to the State for
general State purposes a tax at the rate
of one-half of one per centum annuaily
upon each dollar of such valuation and
the State Board of Assessors shall com
pute the same; each company shall also
pay annually, In addition to said tax of
one-half OF one per centum, tax at the
local rate as fixed and assessed for school,
county and municipal purposes upon other
property in each taxing district, upon the
valuation of its property in the several
taxing districts separately valued and as
sesSed under the provisions of sub-divi-
sion two of section three of this act.
Whfch tax shall also be computed by the
state Board of Assessors: the sum of
the estimates or computation for each
company shall constitute the tax to be
paid by each company, and shall be
lien paramount to all other liens upon
all the lands and tangible property and
franchises of such company in this State:
such lien shall take effect on the first day
of November, and copy of the valuation
in detail of the property Of each cor
poration and of the tax assessed against
the same under the provisions of this act,
shall be served upon the treasurer Of such
corporation, or left at his Office within
ten days after said first day of Noven-
ber. but the failure to serve any such
notice shall not be held to invalidate any
under this act; said tax shall be a debt
due from such company to the State on
that date, for which an action at law
or in equity may be maintained, and
which shall be preferred debt in case
of insolvency; these remedies are in addi-
ton to the special proceedings provided
for in this act: provided, that whenever
1t shall appear to the State Board of AS
SCISSORS that the sum of valuations of real
estate in any taxing district made by the
local assessor or Board of Assessors is
either greater or less than the true value
of such real estate, then the State Board
of Assessors, after hearing the representa-
tives of said taxing district and of any
railroad or canal company interested,
shall equalize the taxes imposed by said
local assessor or board of assessors and
the taxes imposed by the State Board of
Assessors on the real estate valued by
them under subdivision two of section
three of this act; such equalization to be
made by raising or lowering the taxes