The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1916-10-26

II C. Preston of Mitchell, mem
Der OF the State Tax Commission,
said in an interview today, relative
to the proposed constitutional amend
n,ent of the revenue law of this state,
to be voted on Nov 18th: and which
viii be found as question No. 3 on
the amendment ballot:
our present constitution pro-
vides:
Ali taxes shall be uniform on
all property. The value shall be so
fixed in money thai every person, firm
and corporation si!all pay tax i'll
proportion to the value of his, her
or its property. Tho Legislature shall
provide for taNing all moneys, cred
its, Investments in bonds, stocks, joint
stock companies, or otherwise. Also,
for taxing the notes and bills dis
counted or purchased, moneys loan
ed and all other property. effects or
dues of every description, of all banks
of all bankers, so that all property
employed in banking shall always be
subject TO taxation equal to that
imposed upon the property of indi-
viduals.' SO much for our present
Constitution.
In obedience to the foregoing re-
quirements the Legislature has en-
acted, and which is now the law, the
following:
For taxation purposes money or
moneys means gold and silver coin,
treasury notes. bank notes, and every
deposit which can be withdrawn in
money on demand.
I" Credits means every annuity or
sum of money receivable at stated
| periods, due or to become due, and
all claims and demands secured by
mortgages.
Ito further carry out the present
Constitution the Legislature has said
and such is the law, that for the pur-
pose of taxation, personal property
shall include all goods. chattels
moneys, credits. and effects, where
ever they may be all moneys at in.
tcrest. whether within or without the
state, due the person to be taxed
and ali other debts due such persons
ITO carry out the IRON clad provis
ions OF the Constitution. the Legis
lature has. as demanded by the Con
stitution, provided, and such is the
law. that every person, firm, com
pany or corporation, being a resident
of this state shall list his, her or its
moneys, credits, moneys loaned, OIL
invested, and other personal proper
ty.
Every person, firm. company OF
corporation shall make and deliver
to the assessor when required, .
statement under oath of all the fore
going personal property and shall al
so deliver to the assessor a swor1
statement and under oath and ove1
his signature shall answer three in
terrogatories, the substance of which
is that the person, firm or corpora
ton, listing his, her and its propert,
!; had made to the assessor full. tru,
and complete list of all personal prop
erty; that the tax payer has not di
rectly or Indirectly converted his
her or its property for the purpos,
OF evadlng assessment and taxation
The statute further provides tina
a false statement of the foregoin,
constitutes the crime of perjury ant
subjects the person to the punish
ment provided by law for such crime
The law further provides that il
contemplation of the exactions of gu
Constitution, any person. firm or cor
poration, who shall evade, deceive
or by any manner or means not lis
all property of any and all descrip
tions. shall be subject to penalt,
of so per cent to be added to the tru,
and full assessment of his, her or it
property.
Tho constitution cyacts, and tn,
law so requires. that all propert,
n1-x,,