The copper era. (Clifton, Graham County, Ariz.) 1899-1911, 1903-02-19
cRIPTioN PRICE
THE BULLION TAX BILL.

Section provides that all ores. tail
ings and mineral bearing material
shall be assessed ~ follows: From tn
gross yield OF same shall be deducted
the cost or extracting from mine.
actual cost OF saving tailiugs, cost of
transportation, and cost Of reduction
or sale aud the remainder shall be re-
deemed the net proceeds, ana assessed
and taxed.
Section provides that bi ANIMAL
statements OF amount OF ore extracted.
and gross yield Of same. The state
ment required Is a. follows:
Total amount Of tax.
Net yield Of value.
Actual cost Of reduction or sale.
Cost Of transportation.
Cost Of extraction from mine.
Gross Weld or value Of same.
Number OF tons extracted for quar-
ter.
Name Of owner.
Section , provides that in case OF re-
fu-al or neglect for the period Of thirty
days after the expiration Of the six
months for which such statement is
required, TO make same and furnish to
board, or on refusal. it shall be the
duty Of the assessor to estimate same,
and a--es- same, which Assessment
shall be binding; assessor to be en-
titled 10 receive 20 cents per mile in
going to and returning from same and
H., To. no.
added to the cost Of tax.
Sections and , refer to manner of
making out list by clerk Of board,
and duty Of supervisors to have blanks
printed for circulation.
Section & provides that a tax OF - 90
on each 800 shall be levied and col
lcctcd on each 800 OF the net proceeds
az mines; fifty per cent. OF which
goes to the territory, twenty-five per
cent. to the county and twenty-five
per cent. to the school fund.
Section provides that tax shall be
paid within twenty days after list has
been filed with treasurer, and If not
paid within that time shall be deemed
delinquent, and then collected by law
as in other cases.
Section : provides that parties
making false statements shall be
deemed GHilty OF perjury, and upon
conviction punished according to law.
Section . states that The owner
ship Of, claim to, possession of, or
right Of possession to any mine or
mining claim shall not be taxed"
This bill does not exempt mills,
tramway-, railroads, machinery, etc,
would would therefore be subject to
taxation.
There can be no question hut that
this method OF taxation would prove
burdeuoomc To the few producing com
panics Of the territory, as they would
be compelled To stand tho brunt of the
tax. while other companies would
practically be relieved from all taxa
tion. The tendency OF such law
would be to decrease, rather than in
crease the mining tax Of the terri tory,
and would cause no end of annoyance
and trouble to the companies opera
ting. There can be no question that
some mining companies get off en-
tircly too light, and the same can be
said OF railroads and other enterprises.
aud not few individuals. With any
thing like fair values of property
there i no good reason why the
assessed value Of property should not
Ice largely increased, and it would seem
that we already have ample laws for
that purpose. The great trouble is
that many companies and individuals
make false returns. What we seem to
need more than anything else is a terri
torial board Of equalization where all
such matters could be regulated.