Annual Report of the Tax Commission of Ohio, Volume 3

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F.J. Heer Printing Company, 1913 - Taxation
 

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Page 3 - Laws shall be passed, taxing by a uniform rule, all moneys, credits, investments in bonds, stocks, joint stock companies, or otherwise; and also all real and personal property, according to its true value in money...
Page 9 - September and pay an annual fee of one-tenth of one per cent, upon the proportion of its authorized capital stock represented by property owned and used and business transacted in Ohio, and not less than ten dollars in any case.
Page 420 - ... one-tenth of one per cent, upon the proportion of its authorized capital stock represented by property owned and used and business transacted in this state, but not less than ten dollars in any case.
Page 14 - No bonded indebtedness of the state, or any political subdivisions thereof, shall be incurred or renewed, unless in the legislation under which such indebtedness is incurred or renewed, provision is made for levying and collecting annually by taxation an amount sufficient to pay the interest on said bonds, and to provide a sinking fund for their final redemption at maturity.
Page 3 - The only check upon this power is the constitutional provision that all property must be taxed by a uniform rule according to its true value in money.
Page 9 - October the commission shall certify to the auditor of state, the amount of the gross receipts so determined, of electric light, gas, natural gas, pipe line, waterworks, express, telegraph, telephone, messenger or signal, union depot, heating, cooling and water transportation companies, for the year covered by its annual report to the commission, as required in this act.
Page 14 - One of the fundamental principles of taxation is that the subjects of a state ought to contribute to the support of the government in proportion to their respective abilities...
Page 3 - ... ^aws which it is required to administer, one thousand conies of which shall be printed in book form for the use of the general assembly and the public. The commission shall report to the governor and general assembly its recommendations of such changes and alterations, as in its opinion, should be made in the tax laws of the state. Sec. 1435-36. SECTION 38. The term "commission" or the term "tax Definitions.
Page 13 - SEC. 9. Not less than fifty per centum of the income and inheritance taxes that may be collected by the state shall be returned to the city, village or township in which said income and inheritance tax originate. SEC. 10. Laws may be passed providing for excise and franchise taxes and for the imposition of taxes upon the production of coal, oil, gas and other minerals.
Page 14 - It was the first state to require the levy of an "annual tax sufficient to pay the interest as it falls due and to discharge the principal" within a definite period of time.21 At the time of its "Proceedings, Feb.

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