New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-05-24
PRICE THREE CENTS.
NEW BILL DECIDED UPON.
FULL TENT OF THE AMENDMENTS TO
THE FRANCHISE TAX ACT.
STATE TAX COMMISSIONERS TO DETERMINE
THE vALUATIoN-coRPoRAT TO DD
ALLOWED A HEARING ON FRAN
CHfsE APPRAIsEMENT THE
COURTS MAY REVIEW.

COURTS MAY REVIEW.
Albany. May % (speciaD-The Senate Com.
mittee on Taxation and Retrenchment at 1913
o'clock to- night agreed on bill amending the
Ford Franchise Tax act The Republicans
voted unanimously for the bill. the Democrats.
Senators Foley, Boyce and Cullen. against H.
The bill viii be submitted both TO the Senate
and the Assembly Tomorrow
The first section Of the bill is an absolute
copy Of the Ford Franchise Tax act. The
ord section says that the State Board Of Tax
Commissioners shall annually fix and deter
mine the valuation OF each special franchise in
the cities. towns. villages and tax districts Of
the State. The third section provides for a
special report from each corporation yearly to
Indicate the value of its franchises; other Sec
tions for a hearing on the franchise apprase-
ment The courts may review an appraisement.
Deductions to be made in the case OF such
corporations as have paid a percentage OF the
gross earnings any license fee. or any sum
OF money as compensation for their franchises.
Another section says the franchise tax shah
not relieve a corporation from paying a tax
on its organization. There is to be franchise
tax column on a local assessment roll. Lastly,
the act provides that the State Tax Commis-
sioners shall have authority to employ needed
assistance.
II the act receives the approval Of the Legis-
lature, the fact is perceived that far larger
sum must be appropriated to carry on the work
Of the State Tax Commissioners. 1t is there
fore. probable that after the smendatory act
Is passed special appropriation act will be
passed.
1t is not thought that any vote will be asked
on the bill, tomorrow, but that action will be
deferred until Thursday. The corporations also
as soon as they the bill tomorrow, may
ask hearing on the bill.
FULL TEXT OF THE BILL.
The bill is as follows
An act to amend the law in relation to tho
taxation OF public franchises as real property
The people OF the State Of New-York, represented
Section l. Subdivision Of Section OF the Tax
law is hereby amended TO read as follows:
real property" as used in this chapter include
u the land Itself Itself a69ys and under water all build
ures and superstructures, erected upon, under or
wharfage, cranage or dockage thereon; all bridges.
all supports and Enclosures for electrical conduc-
tors and other appurtenances upon. above and un-
railroads. including the value of all franchises.
rights or permission to construct. maintain or op-
crate the same in. under. above on or through
streets highways or public places all railroad
tracks and the iron thereon; branches switches and
other fixtures permitted or authorized TO be made.
and STsss pacsd aor Rss
steam. heat water oil. electricity any property.
conveyance therein or that is protected thereby In
Guiding the value of all franchises rights, author
ny y or PERMISSION 70 construct maintain or operate
pUS ees 0 any msna ppss as anks
or wse he PS power
oil or other substance. electricity for teegraphc.
wood growing upon land, and all mines. minerals,
mines the sS sfate n'e fs ranchis sh
authority or permission specified in this SUBJ
special 'fs S
chise' shall be deemed to include the value OF the
or % or
above any ny street highway public place or public
The tangible property 50 included shall be taxed
as part hs Re'a ia tas hss law is
amended by adding at the end thereof Sections a.
Sec r. Assessment ISL sg Of Special franchise The
State Board OF Tax Commissioners shall annually
franchise subject to assessment in each city. town
village or tax DISTRICT Such Such; Board shall not less
the date when an annual assessment Is required by
file with the clerk Of such city town or village q
written statement OF the valuation OF each special
trict determined by such Board. and the valua-
tion so fixed shall be the assessed valuation on
such SUCH city town Or or village for State Municipal
school or highway purposes shall be levied during
taxing eeT local oceT any s
town or village or any S STATE or e9unty 81 SSer shall
By sgG
whn ve days e the him of
ss Boar c ax BY ns
Of such statement certified by him to the assessors
local assessments in each tax district In such city
Or ysss 5y The hs a%ss ss board Of aa
missioners shall be entered by the assessors or
other officers in the proper column OF the assess-
Sec 4s Report to the State Board Of Tax Com
ton or eorporston Subject to taxation on special
franchise shall within thirty days after this sec.
special franchise is acquired. make written re-
port to the STATE Board OF , Tax commss9nsrs nss s
chise possessed enjoyed by such person, copart.
nershiP association or .sorporatlon copy OF 1.-The the
which the same is held or n possessed or enjoyed
statement OF any condition. obligation or burden
Imposed upon such special franchise or under which
son Ine Sar res,ng TO the value OF such special rsn
chises required by the State Board The State
time require further or supplemental report from
any such person. coparnershp. association or cor
such matters as IT may specify. Every report
required by this section shall have annexed thereto
retary or treasurer Of the association or corpora
Of op The or G sas D the
that the statements contained therein are true.
Such Board may prepare blanks 10 DE used IN max
ing the reports required by this section. Every per-
son. copartnershp. association or corporation fail-
ing to make the report required by this section or
falling TO make any special report required by the
State Board OF Tax Commissioners within a reason
able time specified by H. shall forfeit 10 the people
OF the State the OF sio for every such failure
and the additional sum of $40 for each day that
such failure continues and shall not be entitled to
review the assessment by certorart. as provided
by section 45 third chapter.
Sec A. Hearing on special franchise assessnent.
On making assessment OF a special franchise. tne
s,ste Roara OF Tax Commissioners shall imme-
dately give notice In writing 10 the person CO
nartnership association corporation anected.
,,ng IN Substance that such assessment has been
made the total valuation OF such special franchise.
md The valuation thereof In each city, town, VII
Ia ge or tax district and that the Board will meet
AZ its office in the city OF Albany on day specified
a. sIch notice which must not be less than twenty
nor more than thirty days from the date OF the
no,,ca 70 hear and determine complaint con-
cerning such assessment Such notice must be