Pine Bluff daily graphic., 1912-06-22


 purposes and such information as may De needed or desired in the work i'm posed upon the commission by this Act. such information to be furnished upon such forms and upon such blanks as the commission may prescribe
 TO make and prosecute such re search and investigation as to the detailed properties of corporations the business, Income. reasonable expenditures net earnings and true values of the fran ehises of all public service corporations oo,hs business in this State as will en- able the commission to ascertain a fair ana equitable basis of assessing same ana of making and recommending proper iesiSiatlon to the Legislature from time u! ;o tlne: and to direct the local assess ties. ''e'i pi'pe'
 /. TO require individuals firms and corporations to furnish information con- cernlng their capital. funded or other dcpts. current assets and liabilities value oI property. gross and net earnings. operating and other expenses. taxes and other charges and such other facts as may De needful and desirable lo en- able the commission to ascertain the value and relative burdens of taxation State.
 x. To cause the dcpositions of wit nesseS residing within without the | otate or absent therefrom. to be taken upon notice to the interested parties in Ike manner as dispositions are taken in ! CIVIL actions pending in the circuit or tttl.thcery tt court in any matter which investigate and determine
 y. TO investigate the tax systems of o1hef 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 secure just and equal taxation 1 throughout the State.
 | 10. To prescribe and prepare all necessary interroga tories and questions 10 be answered by taxpayers and persons or each county. and the forms upon are to be made.
 ll. To consult and confer with the governor and Attorney General of the State upon the subject of taxation ad- minlstration of the laws relating thereto. and the progress of the work of the commission. and to furnish said officers rom time to time such information and asslstance as they may desire
 IT, To transmit to the Governor and 10 each member of the General Assem- ply. thirty days before the biennial ses- s1on .,, 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
 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 l NS..'h' lle ATkdnSaS Tax Com m1sslon;' All processes or certificates l issued by the commission shall be at tested by said seal. Copies of the rec ords or the commission, certified by the | secretary and attested by the seal of the commission shall be received as evidence with the like effect as copies or or other public records. The secretary ot of .4e ne eommlss1on shall be the custodian ! ul ~, !he seal and records. and be au- enorlzed to affix the seal in all proper tases. Ihe secretary or any member of ad,,, a1e commission shall have the power to cernlng the proceedings of the commits slon or it's official duties
 Section S3. The commission shall pro- t t,ue , uniform method of keeping the tax rolls and books relating to taxation Tn each county of the State. They shall formulate and send to the proper off ger or each county all necessary forms lls1,1ng:. assessing, return of property collec.lon of taxes. Said commission or one of them shall from time to time as odlen as may be necessary. visit each renmi,,,. ,li +,,a tne state for the purpose of teIlirmlslS t TIT the proper assessment and re- l t.rn or property. a uniform value there ,, pl ana the use of forms and system of it iheepms accounts provided by law or | pE the commission.
 1 section S5. Section 12 of Act 257 of 1 ..h,; sHe ;AGts or 1909, approved May 1o. 1909 Shall be amended so as to read as fol
 Section 12. The Arkansas ,r,x Gov, mission as hereby created shall consti- l ute State board of eulalizatjon and slall ss eauallze the valuations and as sessments of property throughont tha State. It shall meet at the State canitaI [ on the first day of September of each ! year for the purpose of eoualizinp tho propeStv sStHeh'S of or tn the real and personal son. as State board of equalization may in it's discretion. sit at any other Paace fa'. +1 m the State it may deem advisable tlons or granting hearings relating to ne tne work of equalizing the property of the state. The session of the commission as d state board of equalization shall Iohtihue rom the first day of Septem- per to the fifteenth day of October each year. AS State board of equalization ha 3he Arkansas ., Tax Commission shall have the following powers and sbaII ho governed by the following rules: l. TO hear appeals from individuals lirms and corporations from the orders ana 5udgments of the several county boards of supervisors of assessments l and to grant such relief as may be deemed just and proper
 They shall add to the aggregate oalrt, calua,lon , or the real property of every nelow It's true full and proportionate value in money such per cent as will bring the same to it's true. full and pro poftlonate value in money
 a. They shall deduct from tho ap- sreSate valuation of the real propertv or ,,,v, every county which they find to be valued above it's true. full and propor tionate value in money such per cent as as, will reduce the same to it's true full and prop"rtionate value in money.
 4. If they find that the valuation of the real property of any town or dis trlct m any county of the real prop l erty or any county not in towns. shorId 1 pc raised or reduced without raising or feduclne the other real property in smell county or without raising or rcducinu It m the same ratio. they may add to or take from the valuation of any one or more of such towns. or districts o, ! or the property not in towns. such nor cent cen as they believe will raise or reduce .i .,e same to it's true full and propor tlonatc value in money.
 3. They shall add to the aggregate valuation of any class of personal pron- erty In any county. district or town Whlch they believe to be valued below | US true. full and proportiovate vnlus Ill money such per cent as will raise the same to it's true, full and proportionate value thereof. o'i"'e
 D. Ihey shall take from tue agrre- gate valuation Of any r1ouS of cei'