Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1902-02-13
RAILWAY ASSESSMENT.
cuMMINs' PLAN Is PROPOSED IN
A NEW BILL
Presented In the House by English
and In the Senate by Smith. 2

Presented In the House by English
and In the Senate by Smith.
Des Moines. Feb. IA bill designed
to add to the present railway assess.
ment law has been introduced in the
house by English Of Polk and In the
senate by Senator Smith. 1t is bill
embodying ideas Of the governor for
reforms in railroad assessment laws
as pointed out in his inaugural ad.
dress. It Is understood this bill Is the
predecessor of another that will come
later, providing for more radical
changes In the railroad assessment
law, whereby the council will be re.
quired to pay less attention to gross
earnings and to take into considers
ton other data, including the market
value OF stocks and bonds.
The bill follows:
A bill for an act relating to reports to be
made by railway companies to the execi
tive council to aid In the assessment on
T Tdna FOL a0s system IN making the
Be it enacted by the general assembly OF
Section /. That for the purpose Of max.
ing reports to the executive council. the
gross earnings OF railway companies, own
u
partly within this state. and partly within
another state or other states, or territory,
or territories, upon their line or lines With
ported by said railway companies as folA
| d. business originating and terminating
| within this state shall he separately report
| ed with the full earnings thereon.
~. Business originating In this state and
eseWhere aed IN this sate
and business neither originating nor termi-
| mating In this state, but carried or done
| over the line or lines In this state, or over
some part thereof, shall be reported. sep-'
arating the three classes last above men
| toned, with the full earnings thereon IN
| this state, the earnings In this state being
| computed upon the basis of the length OF
| the haul or carriage In this state as com
pared with the length OF haul or carriage
| elsewhere. 1t being hereby declared that
/ for the purpose of making reports looking
| to the assessment of railway property for
taxation the gross earnings or business done
| or carried partly within this state and
partly another state, or other states, or ter
rltory,. OF territories. shall be that proper
ton Of the entire earning Of such business
| to the entire haul or carriage.
Section 2. The executive council shall
| have the power to prescribe such rules and
regulations with respect to the keeping OF
accounts by the railway companies doing
| business In this state as will insure the
| accurate division of earnings as aforesaid,
| and uniformity In reporting the same to the
| executive council
Section 8. The executive council shalt
| have the power to prescribe a method for
all railway companies doing business In this
| state, together with rules and regulations
for the ascertaininent Of the net earnings
| of the railway lines In this state, to the
end that all such railway companies, In
ascertaining and making report Of net earn.
ings' :, shall proceed upon the same basis
Section 4. The reports herein provided
for are not In lien OF, hut in addition to.
shall Sc made at the time and as part
Of the reports already required.
Section 3. The rules, regulations. melhod
made mad 81 the executive council R's shall be
and communicated in writing or print tool
said several railway companies w Y
aud taking effect Of this act. and shat
aud become binding upon said railway tozs
panies. from the time they are so commuI
| executive council shall have the power t.
prescribe supplemental or additional rules
regulations, and requirements at any tim
way companies In the manner aforesa
and with respect to such additional or 4
ments, they shall Be- and become bIns
upon the said railway companies wi
thirty days after they are 50 comm
| Gated.
Section 0. II any railway COMPANY Al
fail or refuse to obey or conf<&m1to Az
rules regulations method am uequireS
tive council under the proyisio 81 this
act or to make the reports as u IN pro
| vided for, the executive council Nj pro-
coed and assess the property of rail-
way companies so falling or refu 9, nc.
cordlng TO the best information Oh nable
and shall then add to the taxahI yaiua-
tioA Of such railway company tw( y-hye
per ceutum thereof. which valuat and
penalty shall be separately shown, ID to.
gether shall constitute the assessm 1t for
that year.
Section T. This act being deemed<bf i'm
mediate Importance shall take efrc4 from
and after Its passage and publication In tho
Iowa State Register and Des Moines
| Leader, newspapers published In the city
Of Des Moines, Polk county, Iowa