Pine Bluff daily graphic., 1912-07-06

posed dpon the comm sSion by this Aet. such information to De Tuntshed upon such forms and upon such blanks as the i commission may prescribe
 6. To make and prosecute such re ! gslrch and ln*esti Sa tluR a5 to the detailed | properties of corporations. the ouSlHGSs, | income, reasonable expenditures. net | earnings and true values of the fran | chises of all public service corporations doing business in this State as will an i able the commission to ascertain a fair and equitable basis of assessing same and of making and recommending proper Legislation to the Legislature from time | 10 time, and to direct the local assess- ing officers in assessing such proper l ties.
 T. TO require individuals. firms and | corporations to furnish informa tion con- 1 corning their capital. funded or other debts. current assets and liabilities valae et property. gross and net earnings. operating and other expenses. taxes and other charges and such other facts
 may he Heeaful and desirable en- l able the commission to ascertain the value And relative burdens of taxation
 borne by all kinds of property in tie
 State.
 S. To cause the depositions of wit nesses residing within or without the | state, or absent therefrum. to be taken 1 upor notice to the interested parties in
 like manner as dispositions are taken iu 1 civil actions pending in the circuit or
 clancery court in any matter which
 llG COMPENSATION snail nave authority 10
 inxestigate and determine.
 2, To investigate the tax systems oY
 other sratss and countries aHd to formu- late and recommend such legisia tiun as . may he deemed expedicnt 10 prevent ! evasion Ht the assessment and tax laws and to secure lust and equal taxation
 throughout the State
 i9. To prescribe and prepare all ! necessary interrogatoriea and questions ] to be answered by taxpayers and persons
 ef each county. and the forms upon
 which the lists prescribed by this Act
 arc to be made.
 IL To consult and confer with the { Governor and Attorney General of the
 State upon the subject of taxation. ad ! Tntni5trati2n nf the laws relating thereto.
 and the progress af the work of the
 commission, and to furnish said officers
 from time b time such Information and
 assista nee as they may desire.
 f2. To transmit fo the Governor and
 to each member of he General Assem-
 aly, thjrt& days before the biannial ses-
 sion of the Legislature. the report of
 the commits ssion covering the subject oF
 assessments and taxation in the State
 together with such measures as may be
 EorNulated for the consideration of the
 Legislature.
 Section e2 The Arkansas Tax Com
 mission shall keep accurate record
 of all official proceedings. It shall also
 seep aeal upon which snail be the
 impression, Tho Arkansas Tax Com
 Inlsa!oH. All processes or certificates
 ssled by the commission 5halI De at-
 tested by said sea, Copies of tho rec
 ords of the commission. certified by the
 secretary and attested by the seal oS
 the eomm3s ion shall be received as
 aTfaanee with the like effect as copies F.of other public records. The secretet.-
 Gf the mission shall he the custodian
 or tle seal and records and be au-
 lhofa@ed, 10 affIx the seal in all proper
 tases, Iae secretary ar any member If
 the eomma ssion shall have the power to
 sannlnlsrer oaths in all matters con keeft3las- he pfoceedtn3sa Of. the com mis- z -slonF or its official duties.
 section B. The commission shall pro
 Sioe 'lhltaFrr method, Of keeping the - ta& rolls and aoQlSs feIa ting to taxation l4 ii eaGn county of the State They sbaII . 4ofmulate and send to the preper 5fff- eef or each county all necesaarv forms
 9s tnis Act provided. be liaed in. the
 ll5ffnE assassing.. return CT properrv collection d< taxes. Said can7rnissio1, ar 'si one of them shah from tirne 10 time, as Y olteH as may be necessaryr. t-fstt asch
 cotrfY Tn the State for, he purpose nj. teih!ri2S Inc proper assessrnenf and ra- 4 urn 1T rToperty,a As uniform y,aille thera- or and tao use Of forms and system of bN the eommissioi}
 Section S5. Section 12 of Ae+ a5- o4
 the acts of 1909, approved Mav 2 +eGo-
 sHail De afnended so IS to read as fol !. .,, Ser 's'a. etior1. te The Arkansas Tax Com
 mission as hereby created shall consti-
 tate n state board of capitalization and
 sftu equa1ize the FaIua tons and as easements of i'roperty. throughout the ] State. lt shall meet st inc State capital on the first day 64- September of each
 year TOT the purpose or equalizing the assessmeHts Of the real and nernonaI
 property of the State. The eo,,,,,4 sn,i. i..' sion as a- State board Of capitalization may, in it's discretion. sit at any otF,or place III the state t may deem adyisa bles TOT the purpose of making investiga- tlons or granting hearings relating fo
 ne work of equaltzing the property of , The State. The session nf the communication, as T state board of eauaifsation shall
 continue rom the first day G~ Seotap- pef 10 the fifteenth day of October each } year As a State board of equalizatfon Ine Arkansas Tax Commission shall s.asead oad tolaowlng powers and snail be governed oy the following rules:
 10 fleaf appeals from individuel s , firns and corporations from the orders } ana judgments of the several county boards of supervisors of assessments , and to grant such relief as may 5e deemed just and proper
 <. They shall add to the aggrega te
 Ealaation or the real property of every [ goui,ly tsa9 which they find to be valued - Heto" US true. full and proportionate vaiue m money such per cent as will - DIiH9 the same 10 it's true. full and pro- , poFuonate Value in money
 r ,, They shall deduct from tha ay
 sreRate valuation of the real properrv
 ot every county which they find fo be VaIued above its true, full and propor-
 tlenate value in money such pdr cent f Us will reduce the same to its true fuiI r ana pfoportIonate value in fnonev
 l. If they find that the valuation af I tae real property of any town or dis - tfiet m any county or of the real pron- 7 eftF pr any county not in towns sheHid F De raised or reduced without raising or { Feuuclhs the other real property in gnrb p county or without raising or rpd,Ir;ptr
 it m the same ratio. they naav ads to ! UT taN" rom the valuation af anv a4Ya W W more Of such towns. or districts or oi the property not in towns. surb per Q cent as they believe will raise or red,ica , me same to its true. full and pronor- . et9latg r, Naihe ln money.
 = ,.a1.. r. Ehey shall add to the agrregate Q Naiaation of any class of personal nr@n- 6 srN m any county district ar tovr,,
 Wnieh they believe to be valued below . us true, tul and proportio.nte [@i''N - ID thoheY such per cent as will raise f45t - same to its true full and proporriooato f e. They shall take from the oer,.o-
 ssate valuation of tny class of personal I pfebeftN in any county. district @r Q town which they find to be vai,,ad 5 - &o4Ne me true full and prepor+iona ta D ttide lHefeot, such Der cant a s tr,I,@