The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1913-03-05
NO. 81.
AN ACT RELATING TO THE AP-
PRAISAL OF RAILROADS FOR
THE PURPOSES OF TAXATION.

1t is hereby enacted by the General
Assembly of the State of Vermont:
Section L. Section FOG of the Public
Statutes is hereby amended so as to
read as follows:
Sec. zoo. l. Except as otherwise
provided said commissioner shall APP
property acquired, constructed or used
for railroad business or purposes held,
possessed or owned by person or cor
poration operating a railroad located
entirely within this state.
III. If a person or corporation OPP
crates line of railroad located part.
ly within and partly without this
state. said commissioner shall, except
as otherwise provided, appraise at its
fair and just value all property with
In this state acquired, constructed or
used in this state for railroad business
or purposes held, possessed or owned
by the person or corporation operat-
ing such line of railroad. In making
such appraisal, said commissioner
may take into consideration the value
of the entire railroad system operated
by such person or corporation. the
mileage thereof both within and with
out this state. its engines, cars and
other equipment, and such other In,
formation, facts and circumstances as
will aid him therein
III. IL for any cause an appraisal
required under the provisions of this
section is omitted or is found TO be
defective, insufficient or invalid. said
commissioner of taxes may thereupon
make new appraisal of the property
whose appraisal has been 30 omitted
or is defective, insufficient or invalid
praisal shall on the date thereof be
made in the manner provided In sec
ton zoo of the Public Statutes, and
notice thereof given to the person or
corporation specified in section 40 Of
the Public Statutes
" In making the aforesaid ap-
praisals of property acquired, con-
structed or used in the operation of
a railroad and held, possessed or
owned by a person or corporation OPP
Grating the same, II shall. except as
otherwise provided, be lawful for said
commissioner to include In a single
appraisal and valuation, all such prop
erty so held, possessed or owned by
such person or corporation. But said
commissioner may in his discretion
include in two or more separate ap-
praisals and valuations such portion
or portions of said property so held.
possessed or owned by such person or
corporation as he shall designate.
Said commissioner shall as hereinafter
provided make a record of such sep
arate appraisals and valuations and
of the aggregate appraisals and valu-
atoms OF each person or corporation.
" For the purposes of taxation I'M
der the provisions OF section 7i3 of
the Public Statutes, and all amend
ments thereof or additions thereto.
such appraised valuation when made
as aforesaid shall, except as otherwise
provided, be taken TO be the true value
of such properties and franchises
within this state so acquired. con-
structed or used.
VI. The aforesaid appraisals shall
not include the following classes Of
property owned by railroad companies:
tenement houses and the lands where
on the same are located: lands or
buildings leased to or occupied by
another person or corporation for
other than railroad purposes; timber.
farming. meadow or pasture lands;
and water power or electric plants
not used for railroad purposes.
Sec. 2. Section 707 Of the Public
Statutes is hereby amended so as to
read as follows:
Sec. 70T. I. II a person or corpor-
alton operating a railroad located in
whole or in part within this state is
the owner OF possessor Of one OF more
electric power plants located in whole
OF in part within this state and used
in part for the generation OF motive
power for the operation Of said rail
road. such power plants OF 30 much
thereof as are located within this state
shall be by said commissioner ap-
praised az their fair and Just value.
H. II such person OF corporation Is
the owner or possessor Of one OF more
transmission lines located IN whole
or in part within this state and used
in part for the Transmission Of motive
power for the operation Of such rail
road. such lines OF 50 much thereof
as are located within this state. shall
be By said commissioner appraised
al their fair and Just value
III A separate record Of the afore-
said appraisal Of power plants and