The Van Buren press. [volume] (Van Buren, Ark.) 1859-1914, 1912-06-08


doing business In this State as will en-
able the commission 10 ascertain fair
and equitable basis OF assessing same
and Of making and recommending proper
/ legislation TO the LEGISLATURE from time
I to time. and to direct the local assess
/ ing Officers in assessing such proper
/ ties.
/ Z. To require individuals. firms and
corporations to furnish information con
corning their capital funded or other
/ debts. current assets and liabilities value
| of property gross and net earnings,
/ operating and other expenses. taxes and
other charges and such other facts as
may be needful and desirable TO en-
able the comm ssion TO ascertain the
value and relative burdens Of taxation
! borne by all kinds Of property in the
State
/ :. 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
/ civil actions pending in the circuit or
| chancery court in any matter which
/ the commission shall have authority 20
/ investigate and determine
] 9. To investigate the tax systems of
| other states and countries and 10 formu-
/ late and recommend such legislation as
| may be deemed expedient to prevent
| evasion of the assessment and tax laws
]
/ throughout the state
10. To prescribe and prepare all
| necessary interrOEatories and questions
to be answered by taxpayers and persons
/ of each county and the forms upon
which the lists prescribed by this Act
are to be made.
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
Al.
| commission. and to furnish said officers
from time TO time such information and
! assistance as they may desire
! ~ 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 80. The Arkansas Tax Com.
mission shall keep an accurate record
Of all official proceedings It shall also
keep a seal upon which shall be the
impression, The Arkansas Tax Com
mission" All processes or certificates
! issued by the commission shall be at
tested by said seal Copies Of the rec
ords Of the commission, certified by the
secretary and attested by the seal OF
a
evidence with the like effect as copies
Of other public records. The secretary
of the commission shall be the custodian
Of the seal and records. and be au
thorized to affix the seal in all proper
| cases The secretary or any member OF
administer oaths in all matters con
corning the proceedings of the commits
sion or its official duties.
Section SO. The commission shall pro
vide a uniform method of keeping thu
tax rolls and books relating to taxation
in each county Of the State. They shall
formulate and send to the proper off
Ger Of each county all necessary forms
by this Act provided, to be used in thu
listing, assessing return of property
collection Of taxes. Said commission OF
one of them shall from time to time, as
often as may be necessary, visit eacf
county in the State for the purpose oi
requiring the proper assessment and re
turn of property, a uniform value there
Of, and the use of forms and system Of
keeping accounts provided by law Of
by the commission.
Section So Section ~ Of Act 257 o.
the Acts Of 1909, approved May -, 1909
shall be amended so as to read as fol
lows:
Section ~ The Arkansas Tax Com
mission as hereby created shall COnsti
tute a State board Of equalization an(
sessments Of property throughout tn
state 1t shall meet at the State capita
on the first day Of September OF eacl
year for the purpose Of equalizing tn
assessments Of the real and persona
property Of the State The commits
sion, as State board of equalization
may in its discretion sit at any othe
place in the State IT may deem advisable
for the purpose of making investga
lions or granting hearings relating L
Il a1t,.
the State, The session of the commissio
as a State board Of equalization shal
continue from the first day Of Septem
Der to the fifteenth day Of october eac
year AS a State board OF equali2a ito
the Arkansas Tax Commission shall
have the following powers and shall b
governed by the following rules;
|, To hear appeals from individuals
firms and corporations from tho order
and judgments of the several count
boards Of supervisors of assessment
and to grant such relief as may b
deemed Just and proper
3 They shall add 20 the aggregat
valuation Of the real property OF ever
county which they find to be value
below its true, run and proportional
value In money such per cent as vii
bring the same to It's true, fun and pro
portionate value In money
g. They shall deduct from tho ag
gregate valuation OF the real propert
OF every county which they find to b
valued above its true, full and proper
tionate value IN money such per cen
as will reduce the same to its true ful
and proportonate value In money
T. If they find that the valuation o
the real property OF any town or dis
trict IN any county or Of the real prop
crty OF any county not In towns Shoul,
he raised or reduced without raising o
reducing the other real property In sue
county or without raising or reducinl
IL IN the same ratio, they may add 4
or take from the valuation of any on
or more Of such towns, or districts o
OF the property not In towns such pc
cent az they believe will raise or rcduc
the same to It's true, fun ana proper
tionatc value IN money,
B. They shall add TO the aRgrogat
valuation OF any class OF personal prop
erty IN any county district or tow
which they believe 10 be valued boloS
It's true, fun and proportlonate valu
I'm money such per cent ms will raise IN
same to It's true, fun and proportional
value thereof
q, 6, They shall take from tho aggrc
gate valuation Of any class Of persona
property In any county district o
Town Which they fInd to be value
above the true. fun and proportional
, value thereof, such per cent ne win re
ducc the same to lts true fun ana pro
portionalc value,
T. should the commission find II nee
ossary I'm cquali2nR the Assessment O
tho state 10 raise In the aRgrognt
the valuation OF the real estate, or OF nm
personal property In any town datric
or county rs provided IN paragraphs
2. T. D. and g OF this section an
b should II also flnd that tho individual
p assessments Of such town district. o
! county are not cauall2ed and that b
81 such raise I'm the aggregate OF vOlu0
ID lions such given per cent tho assess
: mcnt OF any individual taxpayer IN IN
= town district or county ~ tho cas-
tho same IN above the true run nm
propnrl Tomato value I'm money of N
property of ouch taxpayer the commits
. sion shall have the power ana II /
hereby made ia duty after II ha
! grcputp Ia ro1upo tho npapsampnt a