The Sentinel=record., 1912-06-27


 posed upon the commission by this Act, such information to be furnished upon l such forms and upon such blanks as the commission may prescribe.
 ] t. To make Afs6 prosecute such re, search and investigation as to the detailed l properties of corporations. the business, Income, reasonable expenditures. net l earnings and true values of the fran l ehises of all public service corporations doing business hi this State as will en-
 able the commission to ascertain faif and equitable basis Of assessing same
 and of making and recommending proper legislation Co the Legislature from time | to time. and to direct the local assess | ing officers in assessing such proper
 ties.
 I z To require individuals. firms and | corporations to furnish Information con | corning their capital. funded or othef debts. current assets and liabilities value 1 of property. gross and net earnings 1 operating and other expenses taxes and 1 other charges and such other facts as l may be heedfu and desirable to en- | able the commission to ascertain the | value and relative burdens of taxation | State
 S To cause the dispositions of wit
 nesses residing within or without the state, or absent tlh@sessre:aa to be taken | upon notice to the interested parties in ike manner as dispositions are taken ir eWi' actions pending in the circuit or | matter | the commission shall have authority to 1 investigate and determine
 | ? To investigate the tax systems of l, other states and countries and to formu- | late and recommend such legislation as may be deemed expedient to prevent | evasion of the assessment and tax laws ana to serure just and equal taxation 1 throughout the State
 l iu- To prescribe and prepare all | necessary interrogatories and duestions to be answered by taxpayers and persons | oI each county. and the forms upon 1, which the lists prescribed by this Aci ii. To consult and confer with the Governor and Attorney General of the state upon the subject of taxation ad-
 ministration of the laws relating thereto commission. and to furnish said officer, from time to time such information ane assistance as they may desire.
 l2 To transmit to the Governor and to each member of the General Assem- bly thirty days before the biennial ses- sion of the Legislature. the report of the commission covering the subject of assessments and taxation in the state
 together with such measures as may be
 formulated for the consideration of the
 Legislature.
 Section s2. The Arkansas Tax Com
 mission shall keep an accurate record of all official proceedings. It shall also keep seal upon which shall be the impression. The Arkansas Tax Com
 mission" All processes or certificates issued by the commi@sion shall be at tested by said seal. Copies Of the rec ords or the commission. certified bv the secretary and attested bv the seal of the commission shall be received as evidence with the like effect as comics of other public records The secreta rv oI tho commission shall he the custodian oI the seal and records and he an thorized to affix the seal in all proper cases The secretary or any member ot the commission shall have inc nowar to administer paths in all matters con cerning the proceedines of the eon,tofs sion S.s or It's official duties.
 Section S3. The commission shall nro vide uniform method Of .sae;,lsesr shs eaS roils and books relating to taxation m each county of the State Thev shall formulate and send to the proper offi- eer of each county all necessarx- for,,,s by this Act provided. to be nsed in tbe hstlng. assessing. return of pronertv collection of taxes. Said commissiont or one or them shall from time to time x often as may be necessary visit nacb county in the State for tho nurnose 'of recurring the proper assessment and re turn or property. a uniform value there- or' ana the use of forms and system of heveitns h, tl, accounts provided by law or
 Section S5. Section 12 of Act 257 of me Acts Of 1909. approved May 1e 1909 shaH be amended so as to read as fol
 Section 12 The Arkansas Tax Cor, mission as hereby created shall consti- tute State board of equalization and shall equalize the valuations and as sessments of property fhroupbot,f th State IL shall meet at the state eanitaI on the first day of September Of each year for the purpose of ealalizine ina nTansSn1ehts nrorsst,, or the real and personal property or the State. The commis- sion, a3 State board of eouallzafion may in its discretion. sit at any other place n the State 1t may deem advisable. TOT !oI the purpose of making investign- tions or granting hearings relating to the work of equalizing the property Of the state. The session of the cornfatesio,, as State board of equalization shall soiltihue W from the first day Of Septem- Der to the fifteenth day of oetaher. ea q. year AS State board of equalization the Arkansas Tax Commission shall nave the following powers and shall he soFerned py the following rules
 l. To hear appeals from indiyidunls Firms and corporations from the orders and Judgments of the several countV poards Of supervisors of assessments an ala t9 grant such relief as may be
 They shall add to the aggregate valuation or the real property of every county which they find to be valued below its true fuil and proportionate Nalue In mouey such per cent as will bring the same to It's true full and pro portionate value in money
 5. They shall deduct from the ng ALcSdAe NA4udtton or the real prODartv or every county which they find 10 be valued above it's true. fuli and propor- tienate 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 ID any county or of the real prop nrty Of any county not in towns shouid pc raised or reduced without raising or reducing the other real property In such county or Without raising or reducing IL m the same ratio they may add to pr take from the valuation or any one 1 or more or such towns. or districts or of the property not in towns. such per cent as they believe will raise or reilce ! ihe same 10 its true, full and propor- | llonate value in money.
 D They shall add to the aegrerate 1 valuation of any class Of personal prom | erty ln any county. district or town | whleh they believe to be valued below Us true, full and propertionate value ! m money such per cent as win raise the [ same to its true full and proportionate |
 They shall take from the aegra- | gate valuation of any class of personal | VroperN ln any county, district or | town which they find te be valued i above the true full and proportfonate l value thereof such per cent as will re | unee the same Co ifs true. fnll and pro- | portionate value
 z should the commission find 1t nee i essary, m equalizinE the assessment of | the stale. to raise in the aeerapafe | me valuation of the real estate or Of any |