Year: 1870

CHAPTER 1O6.


AN ACT for the Taxation of Railroad


Property.


IL. Be 1t enacted by the General As
senJly of the State Of Iowa, That each
railroad company owning or operating
railroad in this State, shall annually,
on or before the fifteenth day of Febru-
ary of each year, make out and file with
the Treasurer of State sworn state
ment, setting forth, first-the amount of
gross receipts of their railroad for the
year ending the thirty first day of
December preceding; second--the num-
Der of miles of main track Of their rail
road in each county on tho thirty-first
day of December preceding, which
statement shall be sworn to by the
President and Secretary of such compa-
ny and by the general superintendent
of their railroad, or by any two of
them.


Sec .. The State Treasurer shall
levy on said gross receipts tax as
follows, viz: On the first $1,000, or
part thereof per mile, one per centum;
and on receipts of over $4,000, and
under Sc, 900, per mile. two per centum;
and on the excess of receipts over SO, 900
per mile, three per centum. which
taxes the said railroad companies shall
pay on or before the first day of March
after what time said taxes If not paid
shall become delinquent. and the same
penalties and interest shall attach as
on other taxes.


Sec. 3. After the said taxes become
delinquent, the treasurer of State shall
proceed to collect the same in the same
manner as and with the same rights
and powers as sheriff under execution,
except that no process shall be necessary
to authorize the treasurer to seize and
sell property for the collection of said
taxes.


Sec. 4. One fifth of the taxes levied
and collected as aforesaid shall remain
in the state treasury to be used in the
same manner as the several revenues of
the State, and the other four-fifths of
said taxes shall be apportioned by the
treasurer of State to the several counties
through which the roads respectively
run, in proportion to the number of
miles of main track of road in each
county, and shall be paid over by him
to the treasurer of the county entitled
thereto.


sec. 5. Ifany railroad company shall
fail to flrnish the sworn statement
required by this Act on or before the
time herein provided, the treasurer of
State shall, on or before the first day of
March, ascertain as nearly as possible
the gross earnings of such delinquent
and shall assess thereon the
tax as herein provided, together with Il
penalty thereon of thirty per cent. for
such neglect, which tax and penalty
shall be collected as provided for by the
third section Of this act. When the
treasurer of State has to incur any ex-
pense either in the assessment or coll
lection of said taxes after they become
delinquent, he shall add one per cent.
on the amount of taxes due, which
shall be his compensation for said
assessment and collection. The taxes
herein provided for shall be in lieu of
al.taxes for any and all purposes on the
road bed, right of way, track, rolling
stock, and necessary buildings for oper-
ating their road, except as hereinafter
provided; but other property belonging
to said company, whether personal or
real, shall be taxed as the property of
individuals in the respective counties
in which the same may be situa-
ted.


Sec. g.. No provision of this act may
be held to apply to any railroad bridge
across the Mississippi or Missouri river,
but such bridges shall be assessed and
taxed on the same basis as the property
of individuals. seH -.
Sec. :. All acts and parts of acts
inconsistent with this act are hereby
repealed.


Approved April Il, 1870.