The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1919-03-06
IMPORTANT TAX LAWS,
ENACTED BY SOLONS
Exemption and Classification
Measures Adopted BY SEN
ate BY Good Majority.

DlSluHECA, SINs LIZ Ecu lG.-0S1ldl
Bills Nos. 43 and A, which change thu
property classification for purposes o,
assessment and provide an entirely
new plan Of exemption from taxation
on certain kinds OF real and personal
property, were both adopted BY the
upper house Of the North Dakota leg.
islature during the past few days
Senate Bill No. 43 fixes the classif-
cations under which all property Is
assessed under two classes as follows
Glass 1, which shall be valued and
assessed at 100 per cent Of the true
and full value, Includes. Railroads
and public utilities, franchises and
all real and personal property en-
ployed in connection Herewith and
all lands exclusive of structures and
improvements, all bank stocks, flour
mills, elevators, houses, and
store houses and all kinds of build
ings and improvements upon railroad
right Of way and sites leased from
railroad companies or public utility
corporations and structures and i'm.
nv sNN0VAk0 uPVA GOWA dAu lily 1OLS
used for business purposes.
Glass 2 shalt include the following,
which shall be valued and assessed
at 80 per cent of the full value: All
livestock, agricultural and other tools
and machinery, gas engines, boilers,
threshing machines and outfits used
Herewith, all vehicles, automobiles,
motor trucks, all power driven cars
all boats and water craft, harness,
saddlery and robes, structures and
improvements used for homes upon
town and city lots, and all property
not specifically mentioned.
Property Exemption
s. b. a. relates to the exemption of
property from taxation. The bill pro-
vides that the following classes of
property shall be- exempt from taxa
tfon:( School houses, all institutions
OF learning with furniture and tools
therein and land grants attached to
such buildings necessary for their use
and enjoyment not to exceed 40 acres
IN area, cemeteries, state lands, coun-
ty buildings, county lands. charitable
institutions, hospitals, moneys and
credits belong to such institutions,
dormitories and board halls not man
aged for profit, properties of coun-
ties towns, townships and municipal
corporations used for public purposes,
property Of fair associations, personal
and real property of lodges and fra
ternal organizations, property owned
by colleges and students, all struc-
lures and improvements on agricul-
tural land.
Structures and improvements used
as a place Of residence by the owner
In villages, cities and towns to the
amount Of $1,000.
Household Goods and Tools
Household goods an dfurniture to
the amount of $500, with the excep-
ton Of furniture or furnishings of
cafes, hotels, restaurants or other es-
adjustments conducted for profit
Clothing and other personal belong
ings OF each individual subject to
taxation to the amount Of 5000.
The tools Of workingmen or me
chanics to the amount Of $500.
Tools. implements and equipment 81
q farmer to the amount Of $1,000.
Exemptions provided for are made
in each case on the fun cash valua-
ton Of the property upon which such
exemption is allowed.