페이지 이미지
PDF
ePub

Ch. 113, § 3

1903, ( 33

State board of
assessment,

such year, and separately the number of miles over which said cars were run in this state, so as to show the total wheelage of such cars, and the wheelage in this state.

14. Such other facts or information as such company may deem material upon the question of the taxable value of its property within this state.

SECTION 3. The state board of assessment, as when to meet constituted and empowered by section 1069 of and lovy tax the statutes of 1898, and as organized under

rules adopted by themselves, shall meet at the capitol annually on the third Wednesday of lui gust, continuing from day to day util their business is finished, and assess and levy a tax upon the property of any such freight line company within this state. The state treasurer shall, by registered letter, give notice to the officer of such company attesting its report, immediately after the filing thereof, of the time and place when and where such company may appear and be heard in respect to the assessment to be

made upon its property. Board to hear SECTION 4. The state treasurer shall lay be. testimony and

fore the said board at its meeting all statements made to or by him under the provisions of this act. After hearing the testimony or arguments

which such company may offer, the board shall Ch. 113 § 4

proceed to determine the true value in money of the entire property of such freight line company

in Wisconsin, according to the following rules: Actual cash (a.) It shall find, ascertain and determine the company's actual value in money of the entire amount of the capital stock,

capital stock of such freight line company; and tained.

from the amount so obtained and determined, it shall deduct the actual value of all its real es tate within this state, and the remainder shall be taken and considered as the actual value of the capital stock of such company.

(b.) The board shall then divide said amount company's

by the total number of miles of railroad over determined. which the cars of such company were run in or

der to obtain the value per mile, and shall then
multiply such value obtained by
*See chapter 119, laws of 1899.

arguments.

See 1899 c 149

value of

how ascer

Value of

property in
state, how

SO

total number of miles of railroad over which the cars of said company were run in this state; and the result shall be taken and considered as the actual value of the property of such freight line company within the state of Wisconsin, and subject to assess- Tax, how ment and taxation in this state; and the board levied. The shall thereupon assess such value, and shall botify.comlevy a tax thereon for the use of the state at the

pany thereof. consolidated rate of levy, state and local, of this state, certifying such assessment and levy to the state treasurer, who shall thereupon, by registored letter, notify the officer attesting the report of such company, the amount of the assessment, the rate of levy and the amount of the tax; and such company shall have thirty days after the mailing of such notice within which to pay said tax to the state treasurer. And such tax when paid shall be in lieu of all other taxes and licenses of every nature against such freight line company.

SECTION 5. If any freight line company shall Penalty for fail to make the report herein required, the state company to treasurer shall proceed upon the best informa- tak tion he may be able to obtain to make a statement for such company, to be laid before the state board of assessment, as hereinbefore provided; and shall notify such company by registered letter of his action. Any such company may appear and be heard, as hereinbefore provided; but when the assessment is made the state board shall add to the amount of the tax ten per cent. as a penalty for the failure of such company to make its report. And if any such freight line company shall fail to pay the tax levied against it as hereinbefore provided, the attorney general shall proceed by action, in the name of the state, against such company, to collect the same, together with a penalty of ten per (ent. on the total amount of such tax and costs of suit.

SECTION 6. All acts and parts of acts in relation to the assessment and taxation of freight

report or pay

Treasurer to furnish blanks.

line companies, or in conflict with the provisions of this act are hereby repealed.

SECTION 7. The state treasurer shall furnish, upon application, the blanks to be used in maki ing the statement called for by this act.

SECTION 8. This act shall take effect and be in force from and after its passage and publication.

Approved March 31, 1899.

No. 103, S.]

[Published April 6, 1899.

CHAPTER 114.

AN ACT for a tax on the property in this state

of equipment companies.

Ch. 114 81 See 1899 C 277

The people of the state of Wisconsin, represented in

senute and assembly, do enact as follous:

company defined.

SECTION 1. Any person, or any joint stock Equipment

company, partnership, association, or corporation, wherever organized or incorporated, whose principal business is furnishing or leasing any kind of railroad cars to common carriers, * excopt sleeping cars, to be used on, or in the operation of the line of any railroad company wholly or partly within this state, not being the owner or lessee of such railroad, shall be deemed an equipment company.

SECTION 2. Annually, during the month of To fileroport July, every such equipment company shall annually with

make and file with the state treasurer in the form
prescribed by him, a statement verified by the
oath of the person, agent or officer making the
same, containing the facts existing on the first
day of July and with reference to the business of
such company for the fiscal year ending June
thirtieth, next preceding, as follows:
*See chapter 277, laws of 1899),

state trin. urer. What to contain

association, partnership, or corporation, whey 843 85'03

1. Name of the company.

2. The nature of the company, whether a person, agent, trustee, lessee, receiver, mortgagee in possession, or other person, or a joint stock company, partnership, association, or corporation.

3. The location of its principal office.

If an

83 C 114 '99

and where organized or incorporated.

4. The name and post office address of the person, or of its president, secretary, auditor, treasurer, superintendent or general manager.

5. The name and post office address of its chief officer or managing agent in Wisconsin.

6. Its capital stock: (a) authorized; (b) issued.

7. The number of shares of stock: (a) outstanding; (b) not issued; (c) treasury.

8. The par and market values, or if there be no market value, the actual value of its shares of stock.

9. A statement of the situation and value of its real estate in Wisconsin.

10. The actual cash value of its personal property, including moneys and credits, in Wisconsin.

11. The total cash value of all its real estate situated outside of Wisconsin.

12. The total value of all its personal property, including moneys and credits situated outside of Wisconsin.

13. The total number of miles of railroad over which the cars of said company were run during such year, and separately the number of miles over which said cars were run in this state, so as to show the total wheelage of such cars, and the wheelage in this state.

14. Such other facts or information as such company may deem material upon the question of the taxable value of its property within this

state.

SECTION 3. The state board of assessment, as State board of constituted and empowered by section 1069 of when to meet the Wisconsin statutes of 1898, and organized under rules adopted by them

Ch. 111. $ 3 1903, c. 33.

as

and levy tax.

on

Board to hear

arguments.

value of com

selves, shall meet at the capitol annually

the third Wednesday of August, . continuing from day to day until their business is finished, and assess and levy the tax upon the property of any such equipment company within this state. The state treasurer shall, by registered letter, give notice to the officer of such company attesting its report, immediately after the filing thereof, of the time and place when and where such company may appear and be heard in respect to the assessment to be made upon its property.

SECTION 4. testimony and

The state treasurer shall lay before the said board at its meeting, all statements made to or by him under the provisions of this act. After hearing the testimony or arguments which such company may offer, the board shall proceed to determine the true value in money of the entire property of such equipment company

in Wisconsin, according to the following rules: Actual cash

(a.) It shall find, ascertain and determine pany's capital the actual value in money of the entire amount obtained. of the capital stock of such equipment company;

and from the amount so obtained and determined it shall deduct the actual value of all its real estate without this state; and the remainder shall be taken and considered as the actual value of the capital stock of such company.

(b.) The board shall then divide said amount pany's props erty in state, by the total number of miles of railroad over mined. Tax, which the cars of such company were run, in or

der to obtain the value per mile, and shall then multiply such value so obtained by the total number of miles of railroad over which the cars of said company were run in this state; and the result shall be taken and considered as the actual value of the property of such equipment company within the state of Wisconsin, and subject to assessment and taxation in this state; and the board shall thereupon assess such value, and shall levy a tax thereon for the use of the state at the average rate of taxation, state and local consolidated, of this state, certifying such assessment and levy to the state treasurer, who shall

Value of com:

how assessed and levied.

« 이전계속 »