The Sentinel=record., 1912-05-30


 be needed or desired in the work i'm | posed upon the commission by this Act 1 such information 10 be furnished upon
 such forms and upon such blanks as the commission may prescribe
 6 To make and prosecute such re.
 search and Investigation AS to the detailed l properties of corporations the business,
 Income. reasonable expenditures. net | earnings and true values Of the Tran chises of all public service corporations i doing business in this State as will en-
 able the commission Co ascertain fair | and equitable basis of assessing same and Of making and recommending proper 1 legislation to the Legislature from time | to time and to direct the local assess ties.
 | z To require individuals. firms and J corporations to furnish information con. {, corning their capital funded or other 1 debts. current assets and liabilities value l or property, gross and net earnings, | operating and other expenses. taxes and 1 other charges and such other facts af may be needful and desirable to en- | able the commission to ascertain the l value and relative burdens of taxation borne by all kinds of property in the l State
 s. To cause the dispositions of wit 1 neeses residing within or without the | State or absent therefrom to be taken l upon notice to the interested parties in ilke manner as dispositions are taken If | ttNlA ANtlAHN DtnilOE ln the AlI1u1 ci | ehaneery court in any matter which | the commission shall have authority to l investigate and determine
 y. TO Investigate the tax systems of | other states and countries and to formu- | late and recommend such legislation as l may be deemed expedicnt to prevent evasion of the assessment and tax laws And 10 secure just and equal taxation l throughout the State.
 10. TO prescribe and prepare all necessary interrogatories and questions to be answered by taxpayers and persons | Of each county, and the forms upon which the lists prescribed by this Act 1 are to be made
 H. To consult and confer with the I Governor and Attorney General of the 1 State upon the subject of taxation, ad- ministration of the laws relating thereto. and the progress of the work of the commisson. and to furnish said officer from time to time such information anc assistance as they may desire. l2. To transmit to the Governor and to each member of the General Assem hly 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 LeEislature
 Section S2 The, Arkansas Tax Com mission shall keep an accurate record or all official proceedings. It shall also keep seal upon which shall be the Impression, "'rhe Arkansas Tax Com | mission All processes or certificates issued by the commission shall he at- l tested by said seal Copies of the rec ords of the commission. certified bv the secretary and attested by the seal of the commission shall be rccefve1 as evidence with the like effect as coples or other public records The secretary or tho commission shall be the custodian, or the seal and records, and be au- thorized to affiX the seal in all prnper | cases ore N..a,. the commission shall have the power to admlnister paths in all matters con corning the proceedings of the commits sion or it's official duties
 Section S3. The commission shall nro. Vide uniform method of keeping the tax rolls and books relating to taxation in each county Of the State They shall formulate and send 10 the proner off cer of each county all necessary forms ny this Act provided. 10 be used in the | hStnE, assessing, return of property. collection Of taxes, Said commission or one of them shall from time to time as oItell as may be necessary visit each county In the State for the purpose of ] recurring the proper assessment and re- urn ot property. uniform value there ef, and tho use of forms and system of | by the commission
 Section s5 Section I2 of Act 257 of the Acts of 1909, approved May f2 1909 snail be amended so as to read as fol section l2. Tbe srkax~as Tax Com mission as hereby created shall constt- | ute State board of equalfzation and | slall equalize the valuations and as- 1 easements or property throughout the l state. lt shall meet at the State capital | on the first day Of September of each
 year for the purpose of eaualizing the l assessments of the real and persoual property of the State The commia. ! ston as State board nf equaItzafion ! may m it's discretion. sit at any other place m the State if may deem advisable | for the purpose of making iuvestira- | tions or granting hearings relating to l the work of equalizing the property of | 1he state, The session of the commission
 as a state board of equalization shall 1 continue from the first day of Septem- | Der Co the fifteenth day of October each
 year As State board of equalization
 the Arkansas Tax Commission shall
 nave the following powers and shall be 1 governed by the following rules
 To hear appeals from individual ls
 Nfme and corporations from the orders
 and Judgments of the several county
 boards of supervisors Of assessments
 and to grant such relief as may be 1 deemed just and proper
 They shali add to the aggregate ! NaipaNoh or the real property of every county which they find to be valued | heloW It's true full and proportionats value In money such per cent as vii
 bring the same to it's true. full and pro
 portionate value In money
 . l AhtF NutIl ueuuCt from the az EfeSate valuation of the real nrnnart.
 of every county which they find to b.
 Natncd above its true. full and propor
 ttehaie *alae sss money such per Gen os VIII reduce the same to it's true fuf ] and proportionate value in money
 lt they find that the valuation o
 thet real property of any town or dis | tr'ct n any county or of the real nros,
 nrtt If any county not in towns sbo,,i, be raised or reduced without raisinp oi
 reducing the other real property i'm sttcI
 county or without raising or rad1rinr tt in the same ratio. they may add f,
 or take from the valuation Of any on, or moro of such towns or districts n, l of the property not in towns elloh ne cent as they believe will raise or rodrc. the same Co it's true fuH and probor uonate value in money
 D. They shall add to the aerresat f. 1 valuation of any class of pefs0nai nron
 erty in any county district or tore, which they believe tO be valued balov
 IS true, full and proportionate vein.
 in money such per cent as VIII raisa n,
 same to It's true full and proportionat,
 galue thereof
 They shall take from the acers Igate valuation of any class of p.rzsT,e property tu any county. district n,
 foWn which they find to be valuas
 above the true. full and f.ronaf4 t,,t |,
 value thereof, such per cent as win Te
 duce the same to its true fuii and nro portionate value
 [, Should tho commission find tt nae essdfNt in equalizing the assessmant n,
 The state Co raise in the acpreyst, the valuation of fhe 4aaf ecf4t, .,,.7