The Providence news. (Providence [R.I.]) 1891-1906, 1903-01-20

The senate was called TO order at Hoo
ent The roll was called and the record OF
Fridays session was read and approved.
Senator Jackson presented bill to pro-
vide the taxation OF personal property
wherever found Committee on judiciary.
This bill provides an amendment 10 sec.
ton OF Chapter "A OF the General Laws
and II proposes. All real property in the
state, and all personal property belong
ing to the Inhabitants thereof, whether
individuals, copartnership, or corpora
tions. and all tangible personal property
located I'm the state belonging 20 nom
residents. shall be liable 10 taxation un-
less otherwise specially provided.
The second section of the bill amends
chapter As OF the General Laws, section :.
and to this effect: That all machinery OF
any kind attached 10 real estate for the
purpose OF operating machinery, all
steam, gas and water pumps. gas ana
electric fixtures. etc, I'm any manufactur-
ing establishment are declared TO be real
estate when owned by the owners OF the
real estate to which they are attached.
PROVISIONS OF THE BILL.
The bill proposes amendment of section
2 OF chapter ~ OF the General Laws and
provides in effect: That all ratable per-
sonal property shall he taxed in the town
in which the owner shall have had his
residence for the larger part Of the year
prior 10 April 1st of each year. that all
personal property that may he used in
any business, profession or avocation shall
be taxed wherever II may be located or
I'm use; that partnerships shall be taxed
where business shall he carried on, for
all personal property pertaining TO the
business personal property In any town
where n copartnership is not doing busi-
ness shall he taxed 10 the partners Joint
~ under the partnership name. Each
partner shall be liable for the whole of
the copartneNhip tax: all tangible per-
sonal property belonging to persons under
guardianship shall be taxed TO the guar
dians I'm tho town whore the same shall
he or Is located and all other property
taxed TO them I'm the town where tho
ward resides n in this state and if not
In the town whore the guardian was ap-
pointed the same application is made as
regards property held I'm trust by execu-
tor. administrator or trustee: all personal
property belonging TO any person. part
nership. limited partnership. Joint stock
company or association or corporation,
not residing or not located In this state.
or belonging N persons unknown 20 tho
assessors shall he taxed 10 the owners. n
known otherwise shall be taxed 20 the
owner. unknown. and may be d.strainod
and sold by the collector National bank
stock Shall be taxed. " owned By non
residents. I'm the town where such bank
ing institution Is situated. but residents
shall not be taxed for bank shares In
bank outside the state held by them.
No stakeholder shall be taxed for shares
held in any corporation within or with
nf la In g.
capacity taxed for an amount equal To
the value of It's real estate and tangible
personal property erd equal the market
value of its shares and In case such cor
p0rutl-n or association be not taxed o.
the standard the shareholder shall be
taxed only for the difference between the