Bisbee daily review., 1915-01-12
MINE TAX LAW READY FOR PRESERVATION
 ID LEGISLATURE

PHOENIX, Jan. 11.-Members of the tax committee of the Arizona chapter of the American Mining Con gress have concluded their work and departed to their homes. They had drafted and will have introduced in the legislature a law for the taxation of mining property. Tn addition to the preparation of the proposed law numerous conferences were held. the most important being one with Coy euor Hunt and later one with the members of the State tax commission 10 is understood that no expression 70 the attitude of the members of the tax commission as regards the pro- posed new law was obtained. but it is known that the governor favors a def mite plan for Che taxation of mining opportunities and Is opposed to the physical valuation schemes. He did not however express his opinion as to the merits OF demerits of the pro- posed law as prepared by the com mittee
 Th' law is in many instances simi lar to the measure enacted by the leg islature two years ago which was at that time referred to as the Ora ham tax bill by reason of the fact that it was introduced by Representa- tive Billy Graham of Cochise county Under the new bill all mines and mining claims shall be divided into two classes -productice. being those which in any year yield net proceeds and non-productive which include all other mines and claims.
 Before the first Monday in April ol each year the mines shaH deliver to the State Tax Commission a sworn statement showing the yield sold or treated during the year preceding Jan uary |, the name and address of the owner or lessee, the description and ioca,iou of the property the amount of product sold rtreated from January !, 1slt and the cost of mining, treat ing and marketing the same
 The tax commission shall compute the gross an dnet proceeds. The gross proceeds shall be computed on price of 22O per ounce for gold, silver, lead. copper and other constituents shall. be computed on the average price in New York City for the preceding ten years as shown by the Engineering and Mining Journal or other stand. ard publication. The net proceeda shall be computed by deducting from the ll0ss proceeds all expenses of de- ve lUpmeut, operation, transportation. treatment and sale-but not the cost oi ueW construction. advertising. dona- tions purchase price, or salaries ot cbeu1cs Of persons not consecutiyely engaged on said properties within the state Productive mines shall be val ucd at an amount equal 10 12iaG, of . thc gloss proceeds, plus four times the Eet pr3cecds.
 NoL-proluctiye properties shall Je assessed and taxed as fin other real estate and all surface Improvements. mills plants, machinery and appu' auces, whether on productive or nom productive properties shall be valued . end taxed the same as other property by the county assessors. Surface ground used for purposes not con nected with mining shall be valued apd taxed by fine county or city the aume ss other real estate
 An product nnned after January l,I 1914, and not sold or treated m the ! same calendar year shall not be sup jec, 10 tsNatol, but the gross end net Wotecds nali be mCluded in lhe re- turns iC tuc taN commission. After / May 1 of each year the tax commission shall certify to Inc county assessors i. lhs Nuustior and assessment Of aald