Pine Bluff daily graphic., 1912-06-01

parpssss saa such infSfma aS a.s tiom a p may pessa upon the commission by this Act. l such infermation to be f1rnished upon I eueA forms and upon sueh blanks as the coinmissipn may prescribe. - I ?. Io make 9nd prosecute such re,
 ssareh and investigation as to the detailed
 sf hs nst
 earnings and true values of the fran 1 chises' of all public service .corporatiens gong business in this State as. will en-
 and equitable basis of assessing same
 ana Of making and recommending proper
 ieglSlatlon to the Legislature from time
 70 time. and to direct the local assess ing officers in assessing such proper
 ties. 4f: Tq, {. To require individuals. firms and 4 'Ecorporations to furnish information con
 corning their capital funded or other afD1s current assets and liabilities value operating and other expenses. taxes and nther charges and such other facts as
 may be needful and desirable to en-
 able the commission to ascertain the value and relative burdens of taxation
 borne by all kinds of property in the State.
 I B.. To cause the dispositions of wit
 nesses residing within or without the
 upon notice to the interested parties in
 like manner as depositions are taken in c,pf actions bending in the circuit or chaneery court in any matter which the commission shall have authority to ' investigate and determine. e'
 ,. 'sfD investigate the tax systems of
 other states and countries and to formu-
 late and recommend such legislation as
 may he deemed expedent to prevent
 evasion of the assessment and tax laws ana to secure just and equal taxation
 throughout the State.
 lo. TO prescribe and prepare all | necessary 1nterrogatorieS and questions
 to be answered by taxpayers and persons
 of each county. and the forms upon are to be made.
 II. To consult and confer with the EoVernor and Attorney General of the 1 State upon the subject of taxation, ad- 1 minlstration of the laws relating thereto. 1 and the progress of the work of the l commission. and to furnish said officers
 from time to time such information and 1 assistance as they may desire.
 | F. To transmit to the Governor and
 tn each member of the General Assem-
 bly, thirty days before the biennial ses-
 s sion of the Legislature. the report of assessments and taxation in the State
 together with such measures as may be formulated for the consideration of the LeGisla tufe. '
 Section s2. The. Arkansas Tax Conn.,
 mission shall keep an accurate record or all official proceedings. It shall also
 keep a seal ,ipon which shall be the ! Ns.psCNStpH. T uS4. AIkHnSaS Tax COm- mission" All processes or certificates
 issued by the con,nni2Sion shall be at tested by said seal. Copies of the rec ords of the commission. certified by the secretary and sattested by the seal of the commission shall he received as Eevldence' with the like effect as copies ot other public records. The secretary or the commissfon shall be the custodian ! nI the seal and records, and be au-
 thoElzed to affiX the seal in all proper gases. ti fhe secretary or any member of sde Gommlsslon shall have the power to cerning the proceedings of the commits sion or it's official duties.
 Section SQ. The commission shall pro- ta t,de & 2 uniform method of keeping the !ax rotls and books relating to taxation. m each county of the State. They shall formulate and send to the proper off ser SS tbs Gt eae eaantX all forms listing assessing, return of property. eoilecton CT taxes. Said commission or one pr them shall from time to time. as eo e1s as n mas fss hte sey bs visit each I recurring the proper assessment and re- | turn at property. a uniform value there- e. and the use of forms and system of tkeepIng accounts, provided by law or ., Section s5. Section 12 of Act 257 of the Acts of 1909, approved May 12 1909. lows: '
 Section IF. F The Arkansas Fax Com mission as hereby created shall consti
 ute State board of equalization and snaH eanalize the valuations and as easements of property throughout the State. It shall meet at the State capital on the first day of September of each year. Tor the purpose of, eaualizing the of oh fhe the rss aRd
 sion. as a State board of equalization may. in its discretion, sit at any other place in. the State it may deem advisable i uons or granting hearings relating to the work of equalizing the property of 1 the State. The session of the commission | as as; 2 state board of equalization shall | continue from the first day of Septem-> Der to the Fifteenth day of October each | year. As a State board of equalizat tion the the Arkansas ,1ia ssais Tax Commission shall
 governed by the Following 1i rules s'''n 0e m l.. TO hear appeals from individuals | firms and corporations from the orders and judgments of the several county boards of supervisors of assessments ! and to grant such relief as may be deemed just and, proper. ?. They shall add to the aggregate valuation of the real property of every below it's true. full and proportionate value In money such per cent as will bring the same to its true. full and pro porttonate value in money
 5. They shall deduct from tho az gregate valuation of the, real property of every county which they find to be valued ahove it's true. full and propor- tionate value in money such per cent as will reduce the same to it's true. full and proportionate value in money {. If they find that the valuation of the real property of any town or dis trict in any county or of the real prop erty of any county not in towns. should be raised or reduced without raising or reducing the otlier real property in such l county or without raising or reducing It in the same ratio, they may add to or take from the valuation of any one or more of such towns or districts or of the property, not in towns. such her cent as they believe will raise or reduce the same to it's true. full and propor- 5. They shall add to the aggregate valuation of any class of personal prop 1 erty, in. any. county. district or town which they believe to be valued below it's true, full and, proportioYate valle In money such ner cent as will raise the same to its true, full and propurtionate