The Springdale news., 1914-03-13

o~o~c~c~o~c~c-c-o-c~c~r~c~c ~r~c~c~coc~c~c~c-o~o~oo~~ 1ina with other =States in many lines ] but do claim that under the cir : HetHstances and co 4dstfons which con. ftfonted usi that We inaugurated q l Legislative plan of orderly and con $ stent progress in our State Gov efnaent to be completed at future sessions
 submit to you as citizens of Washington County my RaftieiBa- zs2zl i4 u 5 f-eelsIetzan
 Taxation and ReVerue Laws.
 l will first take up the subject O. f4xatoa and Revenue an account Of Hts importance izstrie tte=s =sfes= sion of f71s. ~as made q member 3I Che Joint Revenue Committee Of #tte House aid senate re4efue e=tIs introduced iG e5t ef House cane before tais= Committee ZNot ole sin- st##5 dIfee5inA. taxation and rexeH= 4a #aS passed at tHs se@@f6H unless zaPp plftea tt tIfHs Committee and fez s }lffI3l ended Or powers s5 zts= asefe measured 6154z4 H4Z0af. .sInz esfe and earnest judgment of the actual and vital needs and heeess5. ties of tae State.
 -fhe most important Bills that be cane Laws through 5f#d ot-tais Committee
 Bill to Increase tife Franchise Tax OH Corporations
 Bill te- Increase the Assessment of dbIIe Service Corporations
 bill 10 Collect Overdue Taxes and Gnderassessed= Taxes of Corpora tioass
 Bill 10 Tax the Gross Revenues of All Insurance Companies.
 Franchise TaxInerease. on Corpora
 tions.
 =fhe conditions aud circumstances which led 10 the passaee ol this Aet, I 1 will now briefly notice have be- fore indicated that the various do- nestle and foreign corporations had l igag exaded their just share Of taxa ton. Hdef various pfetexes and by our court decisions, they had relied upon sense of immunity and free dom from the taxing power of the State It is true they had been pay ing small tax upon their property and franchises. Ne regarded this tax as wholly inadequate and iacreas- ed the tax not only upon their physi- ieal properties, but also on their fran enisas.
 The increased revenue derived from this additional franchise Tax paid Into the General Revenue Fund of Arkansas is $55.000e0 for the year 3at3 l8st passed NeKt year H fs thought that Il will return even more. To give only one example of what th4 increase means take the Iron Mountain Railroad In i9f2 ft paid q Franchise Tax of Sf2, ,60a.00; in 19t3 under the operation oI our laM, II patd Franchise Tax of SIS, 100000. Increased Assessments Of Public Ser
 vice Corporations.
 Ks have outlined above, this class of property seemed to have the best luck in escaping t6e County Ass Isassors II includes telephones. eIec. trie light and poWFe plants. telegraph ines. street car Hness interurban roads, toll roads and bridges. For the last ten years this class of prop =ftS h4s increased Ill value at sery rapid rate. They take large earnings from the people. tranehis- worth thousands of dollars afe sf4eH tHem Bs the cites. Still they .5aa very IIttle taxes. This evil Mas kn9AH Me proceeded to check IF By lis law, the assessment of sAeae corporations Is taken rom the
 8antg assesseIs and placed ID the hands ef tHe Arkansas faN Commits slau win falt power to compel obed- ieuce
 TO illustrate fhe value of lhis laM to fhe revenues of the State, would HdEe ta have the assesaaeuts of af2 aHd also those ol 1913 from each County E the State fFls is tm possible t tlia t.He as the data MS burned ifH Hg office. But, as illus tr4ti4a ita effect ln general, 1 will Etke oar home corporations
 The Telephone Company oecup5ng tHa streets q aiieys of Fayetteville sIta it's p0le5 and wires, with Its large and modern equipment Was assessed #4 tae year A932 tie sam of S2 0a0.e0; ia fa43, tbis same Company vas as s=ssad tHa sum Of Sbf. .4S6.0H under #he operation oI our Iass Ihe Fay elte4#Ae Electric ght X Gas Com aaa8 Waa assessed under the old I4a In l4I2 tAe sum of SD. tQQ gVi tAe sane Company Ras assessed Hn= der aar laW IH lsf5. 9f5s s6a6a0. The tptal increase oI taxes on these two
 operations Tor 57a is s2,a88.60 aHd
 t yaar vii give m efsase.
 rom reliable information from the Records of the Arkansas Tax Com
 s iion ill my session, l make the atement that the increased assess meHt Of these corporations in Fay eftsgille, will hold good i'll the same rattD turnout the State. This being so the State Revenues will easily be increased in the sum Of s100. 900. DO each year from this source. Next year, We will be able to tell the ex- amount as we will have data from ] each County to show the increase.