The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-04-04
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tl1s tiops amen dmsnt being
y th g l linn Rsati Ion u one

Sec ton y y as passed \ In 20 reads
as follows The words personal
3Iproper,y,, z as used sin this chapter,
i shall include all fixtures lat ched
land, lfS not Included IN the valuation
OF sucls land entered IN the proper
land book; all things OF value, nova
BILE and tangible, which Sare subject
TO ownership, all chattels, real and
personal; and all money, credit ana
Investments as defined I'm the follow
ling section. The word Gland sof lands,,ss
and the words real estate, 4 Or real
property include lands, tenements
and thereditaments and all rights
thereto and interests therein except
chatel interests and chatte ls srealgs n
The section now including d defini;
lion Of land real estat 4 ana SreaiS
property which include lands, fsnesS
ments and hereditamentss and AL
rights thereto and Interests therein.
except chattel interests and chatteIs
real. Any chattel interests and chat
tells real are excepted from the definisS
tien Of "landsereal esta. s',] and s.real
properly. because they are Chased Sin
'he definition Of personal property
II does not seem to EbeS general
known that this section was passed
BY the Legislation, and tie eEect
seems to bcsless ,lnderst ood3 All oil
lease is a chattel real. Estates less
than a freehold are chattelss real I'll
cept that in some States By stat
leases for long terms Of years are
made real estate. Y "
Under these sections Se1 and SO al
amended, It will he possible to tax
large values Of property, as PERSONAL
estate, which have heretofore borne \
little Of the public BURDEN fStaxat Ion.
Coal, oil and gas leases can be- assess
ed at their true and actual value This
In addition to the physical h properly
that can be found. Il 81 u
The value Of a lease for oil lana sgas
would determine largely upon 4 tie
question whether It was developed X
properly or mot. An Sundeyeloped
lease would hardly be assessed at the
same rate asthe developed lease, and
vice versa. n a;
Mining leases for coal B q tel could
be taxed under these sam sect lonsss n
Production Ak.
twill be remembered that the tax
commission appointed by COY. White.
estimated tllat8the proposed produc:
ton tax on coal I oil and las would
produce. an annual Income Or $4,000
70 the State. IT, has been estimated
that the income sbe derived from
the taxation Of schattels real al West
Virginia Will amount to sss5,00o per-
year. E$.3 " q,
Thus It Will De Seen that the Legiss
latnre did not provide a method 81
assessing for taxation 81 eeal. oil and
gas. iisEs
Another change provided I'M House
Bill; No: S75 from chapter z, Of the
acts Of the extra session iii sec tions So.
Is the amendment eliminating the
word forthwith where Ii read that
In collecting the capltation tax the
assessor shall Forthwith levy etc;
The new laW5noa' ling /; s.lnS case
any person liable thereto shall fail
or refuse to pay such Ecapitation the
assessor ass shall levy upon I, ana take
Into his possession prop rty or effects
ofthe delinquent sufficient ID pay said
capltatlon, and the costs on the sale
or Levy. The assessor shall have dis
to said capltations the same powers
Of icy lIeyysand sale and Sofs collecting by
any other method ass us Yested All the
sheriff for the coll ctiona 81 axes.
The seventh bill of such general
Importance Isl the new leense law,
which has been general n xpiained
heretofore, and which seems 10 be as
generally understood.
Another Important Bill. .
!. Another nportant bill passed was
that authorizing the State board Of
public public works, at its own discretion
to$reduce the State tax asS low as 3
cents on the one hundred dollars. 4
This bill takes q step ahead OF that
passed In the direction 81 TAX reform
at the special session Of he EegisIa
t 1lt which preceded the regnlar ses.
sion. The tax reforme rs held out for
i'i the State tax comple tely
b but a compromise was reached at the
special session BY which d gradual ne.
duction was to be made until the rate
Of five cents was reached d which
the limit. &! Sj;I
az 10 4
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