The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1912-02-06
SPECIAL SESSION
| IN BRIEF
Many Changes in Revenue
Laws.
GIVEN IN A NUT SHELL FOR BUSY
READERS.
GroWing Crops Exempt from Taxes
Bank Stock Taxed-State Pole Tax
Law Repealed.

Boise, Feb. 1.--Of all the legislation
enacted at the session extraordinary,
house bill No. 80 is probably the most
important and far-reaching law of all
those that ran the gauntlet of the two
houses and the governors office. Fol-
lowing is a summary of that measure:
House Bill No. 35.
emptions-School, state, county.
federal and municipal property, church
and fraternal property from which no
rent is derived, and that of widows,
orphans and civil war veterans when
total value of estate does not exceed
$4,000. Also growing crops, fruit and
nut trees under age Of four years, and
grape vines under age of three; capi-
tai stock Of corporations when proper
ty has been assessed, libraries and
farmers tools up to $400, possessory
rights to public lands, mortgages, CO.
operative irrigation systems, and 5000
on home improvements.
County commissioners required to
prepare in April an appropriation bill
for the ensuing fiscal year. Expendi-
lures limited to that estimate.
All taxable property to be listed at
full cash value and assessed at 40 per
cent of same, full cash and 40 per cent
to be carried in separate columns on
assessemnt roll.
Taxes on Bank Stock.
Bank stocks assessed in place where
banks are located. Any such stock in
vested in real estate exempt and real
estate taxed.
Ships and boats not registered as
sessed at residence of owner.
County commissioners commence
equalization first Monday in July. All
applications for reduction must be
sworn to.
State boards to assess telephone and
telegraph lines and railroads, and ap-
portion taxes to counties Value of
railroad determined by adding value of
franchise, rolling stock, railroad track,
telegraph, telephone, and railroad
property.
State board to determine valuation
of state by fourth Monday in August
and make apportionment to counties.
Lands to be Classified.
Bill includes following classifica-
tions of property: Patented lands,
suburban lands, orchard and vineyard
lands, irrigated agricultural lands,
rain belt agricultural lands, dry farm
land, natural meadow and pasture
land, grazing land, desert, waste and
swamp land, mineral land, standing
timber land, cut over and burnt tim
Der land. Town lots classified as fol-
lows: Business lots, residence lots
and addition and out lots.
Listing Personal Property.
Personal property to be listed as fol-
lows: Cattle: Thoroughbreds, graded,
common, beef or oxen, and COWS.
Horses: Thoroughbreds, graded, COM
mon, stations, colts, jacks, jennets,
mules. Sheep and goats Sheep, i'm
ported, fine, graded and common;
goats, common and angora.
Personal property tax when lien on
real estate to be written in real estate
roll. Classifications of personal prop
erty to be abbreviated in roll with let
ters.
State auditor to prepare uniform as
sessment rolls and tax receipts for all
counties.
Semi-annual payment of taxes when
amount is over $40, Taxes become de-
linquent first Monday of January if
half is not paid on that date Remain
ing half to be paid by first Monday in
July.
Head on the Sharks.
Securing tax deed after owner or oc-
cupant of property shall have been no.
tif1ed at least three months in advance
of securing such deed.
Tax collector must stamp on tax re-
ceipts amount of taxes still remain
ing delinquent.
Definition of full cash value of prop
erty Is given as the value of such
property In the market in the ordinary
course of trade"
Five thousand dollars appropriated
for use of state board of equalization
in obtaining information on taxation
matters.
Makes 1t the duty of state board to
require its employees to secure what
data Is may require.
Numerical assessment of real estate
in place of alphabetical.