Pine Bluff daily graphic., 1912-06-08

l posSd upon the commission by this Act.
 snch ch inIormation to be furnished upon c0Wmiasion may prescribe.
 | make and prosecute such re.
 sssien ana Investigation aa to the detailed income, reasonable expenditures. net earnings and true. values of the fran
 chisss of all public service corporations
 ao,ng business in this State as will en- ene the commission to ascertain fair
 and equitable basis of assessing same
 ana or making and recommending proper iegiSiatlon to the Legislature from time
 v tlme, and to direct the local assess
 ties '' A1"ess'ne such proper [. To require individuals, firms and corporations to furnish information con. eernlng their capital, funded or other acnts. current assets and liabilities value operating and other expenses. taxes and 0ther charges and such other facts as
 may De needful and desirable to en-
 ape ape the commission to ascertain the value and relative burdens of taxation borne by all kinds of property in the
 State. III '''' c. TO cause the dispositions of wit nesses residing within or without the State' or absent therefrom. to be taken upon notice to the interested parties in like manner as dispositions are taken in c,vll actions pending in the circuit or 1t,l'ahcery t, court in any matter which .he commission shall have authority to I investigate and determine 1 9. To investigate the tax systems of 1 vtneF states and countries and to formu- .ate ana recommend such legislation as
 may DC deemed expedient to prevent
 evasion of the assessment and tax laws | ana to secure just and equal taxation l throughout the State.
 l. au. TO prescribe and prepare all!
 necessary interrogatoriea and questions en De answered by taxpayers and persons
 oI each county and the forms upon Which the lists prescribed by this Act | are to be made.
 Governor and Attorney General of the State upon the subject of taxation ad-
 mlnlstrntion of the laws relating thereto ana the progress Of, the work of the commission. and to furnish said officers rom time to time such information and assistance as they may desire
 TO transmit to the Governor and
 10 each member of. The General Assem- son of the Legislature. the report of the commission covering the subject of assessments and taxation in the State toEetner. With such measures as may be Legislature ' '''
 Section .s2.. The Arkansas Tax Com mission shall keep an accurate record
 Q! all ofhcial proceedings. It shall also
 impression. 'The Arkansas Tax Com n!nssloH; All processes or certificates
 issued by the corumi .sion shall be at ass.ea pS sald seal. Copies of the rec
 secretary and attested by the seal of. tle,' commission shall he received as evidence with. the like effect as copies "s "s th. 1.ner pubic records. The secretary oI tnc commission shall be the custodian uI .I the seal, and records. and be au- thoftzed to affiX the seal in all proner fases. th The secretary er.any member of
 sJT aan,;Si f;%inm.ssIon nt shall have the power to :, n oil
 earnlng the proceedings of tho commits
 slon or it's official duties
 seet1on sJ. The commission shall pro-
 vide a. a..nniform method of keepinr the
 tax rolls and hooks rejet ting. to tav,t;nn ln each county of the State. They shall
 formulate and send to the proper off. ". Ser, eI: each county all necessary forms by this Act provided. to he used in the Hating: assessing. return of nronertv a,e collection of taxes. Said commissinn or one of them shall from time to time as s otaen as may he necessary. visit each county in the State for the purnose of recurring the proper assessment and ra- turn or property. a uniform value there- yl., ana the use of forms and system of hv hbeePtns 'ta e, accounts provided by law or .,, section s5 Section 12 of Act 257 Of she .ne Acts of 1909. approved May 1e. 1908. snati be amended so as to read as fol < Section 12 The Arkansas r,x cou
 mission as hereby created shall consti- lute a State board of eu,1aljzation md snail equalizs the valuations and as SssssmenIs. ss'ss or property throughout the on the first day of September of each year for the purpose of euualizinS Inc assessments of the real and personal sion. as a State board of eaualization may. in it's discretion sit at any other riace rrHs. ., m the state It may deem advisable ttns ton the purpose of making investiga- tii the york of cqualizing the property of tue State. The session of the commission as a. otate board of equalization shall Son Scntnus tn . fr9m the first day of septem- wear. As a State board of eouaiizatiom me Arkansas Tax Commission shall nave n sns following powers and shall be sovernsd nee by the following rules:
 l. To hear appeals from individuals lirms and corporations from the orders and judgments of the several county ;. Doards Of supervisors of assessments Snn sns .o grant such relief as may be
 FEE. They shall add to the aggrerats valuation of the real property Of every sconnty which they find to be valued vsl%s vsiSS ,n ,s ,,e .rme ful full and proportonate bring the same to it's true full and pro porttonate value in money
 ,f.li..SS SS; ! They shall deduct from tho az
 sSsrx eoMhtS vSct Si the sn. real t property valued above, its true fuii and propor- monaue ~ ,r Natue m money such per cent ana p4ropo.rtionats value in money ''' .;, < IT they find that, the valuation ot tne real property of any town or dis triet in any county or; of the real prop- sIts cI any county not4in towns should hc raised or reduced without raisins or rsdutin. r,s,n.i the other real property in such 1t !;, the same ratio. they may aSS te Sr or 1aSe mor. from o9 , the valuation of any one or the property not in towns such ncr tsnt Zen as they believe will raise or reduce the same to it's true full and prnnor- tionate values.in money. I.9a, .anat tTiney tiam shall add to the aggregate erty in any. county. district or tnwn Ms'cn fts tr,,s tney believe to be valued below n money such per cent as win raisc tho same to its true. full and proportionate value thereof. r'opo' ''ohate ,s. They shall take from the ,assrc, gate gate Naiuation of any, class of personal nruperty @ m any county, district or town which they find to be ya,ucd