Tax rate. Eleven hundred million. Twelva hun dred million. dred million. schools, eight cents for highways, and four cents for the University Fund. If the total assessment of all property shall be Eleven Hundred Million Dollars and less than Twelve Hundred Million Dollars the tax rate shall be twenty-five and one-half cents for State purposes, eleven cents for school, seven and one-half cents for highways, and three and threefourths cents for University Fund. If the total assessment shall be Twelve Hundred Million Dollars and less than Thirteen Hundred Million Dollars the tax rate for State purposes shall be twenty-four cents, ten and one-fourth cents for schools, seven cents for highways, and three and one-half cents for the University Fund. If the total assessment shall be Thirteen Hundred Million Dollars and less than Thirteen hun Fourteen Hundred Millions, the tax rate for State purposes shall be twenty-two cents, nine and onehalf cents for schools, six and one-half cents for highways, and three and one-fourth cents for the University Fund. If the total assessment shall be Fourdred million. teen Hundred Million Dollars and less than Fifteen Hundred Millions the tax rate for State purposes shall be twenty and one-half cents, eight and threefourths cents for schools, six cents for highways, and three cents for the University Fund. If the total assessment shall be Fifteen Hundred Million Dollars and less than Sixteen Hundred Millions, the tax rate for State purposes shall be eighteen and one-half cents, eight and one-fourth cents for schools, five and one-half cents for highways, and two and threefourths cents for the University Fund. If the total Sixteen hun- assessment shall be Sixteen Hundreds Millions Doldred million. lars and less than Seventeen Hundred Millions, the tax rate for State purposes shall be eighteen cents, seven and three-fourths cents for schools, five and one-fourths cents for highways, and two and onehalf cents for the University Fund. Fourteen hun Fifteen hun dred million. Seventeen hun In the event the total assessment shall exceed dred million. Seventeen Hundred Millions Dollars, the tax rate shall be decreased proportionately, the rate for each purpose aforesaid being reduced in the same proportion as the total assessment shall be increased, so as to produce the same amount of revenue as hereinbefore provided for and to prevent the accumulation of an unnecessary fund in the Treasury of the State. County Court It shall be the duty of the State Board of Equalization to certify to the various County Court Clerks of Certincation to the State the rate of taxation on all property, under Clerks. the schedule hereinbefore fixed and provided, which shall be the same or Merchants' Capital for the same period of time, along with the certification of the assessment of each county, not later than October 1st, of each year. SEC. 2. Be it further enacted, That all laws and parts of laws in conflict with this Act be and the same are hereby repealed, and that this Act take effect from and after its passage, the public welfare requiring it. Passed January 22, 1919. ANDREW L. TODD, SETH M. WALKER, Speaker of the House of Representatives. Approved January 24, 1919. A. H. ROBERTS, Governor. CHAPTER NO. 3. SENATE BILL No. 115. (By Mr. Matthews.) AN ACT authorizing and directing the assessment for taxation for State, County, and municipal purposes by the Railroad Commission of the State of Tennessee, the properties of railroad companies, telephone companies, telegraph companies, sleeping car companies, freight car companies, street railroad companies, interurban railroad companies, express companies, pipe line companies, power companies, gas companies and electric light companies; providing the means and methods of such assessment and for the colleclection of taxes; to increase and fix the salaries of the Railroad Commissioners; to repeal Chapter 5 of the Acts of the General Assembly of 1897, Chapter 48 of the Acts of the General Assembly of 1901, Chapter 513 of the Acts of the General Assembly of 1905, in so far as they conflict herewith, the purpose of this Act being to embrace all legislation upon the subjects therein embraced, but saving and reserving the rights of the State accrued or which may have accrued under any of said Acts. SECTION 1. Be it enacted by the General Assembly of the State of Tennessee, That the Railroad Commission of the State of Tennessee, hereinafter called the Railroad Commission, shall be and are hereby authorized and directed to assess for taxation, for State, county and municipal purposes, all of the properties of every kind and description, tangible and intangible, within the State belonging to the following named persons, companies, corporations, firms, co-partnerships or association of persons, hereinafter referred to as companies, namely: (1) Railroad; (2) Telephone; (3) Telegraph; (4) Sleeping car; (5) Freight cars; (6) Street cars; (7) Power, whether hydroelectric, steam, or other kinds, for the transmission of power; (8) Express; (9) Pipe lines; (10) Gas companies; (11) Electric light companies. The Railroad Commission shall assess all of said property biennially at its actual cash value as of the same date the properties of other persons are by law assessed. SEC. 2. Be it further enacted, That it shall be the duty of the owners of property such as that mentioned in Section 1 of this Act within the State, to file with the Railroad Commission on or before the first day of April, 1919, and biennially thereafter on or before said date, under oath, schedules and statements giving the following information; concerning all properties owned or leased by such owners; (1) the name of the company, its nature, whether a person, association, co-partnership, corporation or syndicate, and under the laws of what State or county organized; (2) the location of its principal place of business, the postoffice address of the president, general manager, or executive officer or officers; (3) the name and postoffice address of the chief officer or managing agent of the company in Tennessee; (4) the gross receipts of its business as a whole and also of its business done within the State, and oper ating expenses for the preceding fiscal year; (5) the total capital stock, number of shares issued or outstanding, the par face value thereof, and in case no shares of stock are issued, in what manner its capital is divided, and its holdings evidenced; (6) the market value of said shares of stock or capital on the 10th day of January next preceding, or if said stock or capital have no market value, then the actual value; (7) the real estate, buildings, machinery, fixtures, appliances and personal property owned by said company which is actually located within the State of Tennessee, the actual value thereof and the counties or municipalities of the State in which the same are located; (8) real estate, together with the permanent improvements thereon, situated outside of the State of Tennessee and not directly used in the conduct of the business within the State, the purpose for which it is used, its value and the sum at which it is assessed for taxation in the locality where situated; (9) the bonded indebtedness and the market value thereof, if it has such, otherwise its actual value. In addition to the foregoing information to be given by each and every owner of property assessable under this Act, said statement shall contain information as follows: panies. From railroad companies, the length in miles of their entire roadbeds, switches and side tracks, and Railroad Comthe value of the whole, showing the number of miles and value thereof within the State, and within each county and each incorporated town thereof, the number of cars, their classes and value, the number of engines and their value, the location and description. and value of all depot buildings, warehouses and other real estate, and where located, and all real, personal and mixed property belonging to the company not above enumerated, and its value; said statements shall also contain information showing the names and places of business of all private car line companies which are operating cars or having cars hauled under lease or contract, over its tracks in this State; the nature and substance of the contract of the railroad company with each of said pri Telegraph vate car line companies and in each instance the compensation annually received or paid under contracts with such private car line companies, and the number of cars of such companies used during the calendar year, and the number of miles such cars made over its system during the calendar year in TennesTelephone and see and outside of the State. From telephone and Companies. telegraph companies, the number of miles of lines of wires of its entire property, its whole value, showing how many miles thereof are in this State and each county and incorporated town, and the value thereof; the total number of instruments in use in this State and where located, in counties and incorporated towns, and their value; the number of switch boards and batteries and their value; the location, value and description of all other property, real, personal and mixed in this State; the whole number of poles and the average number of poles per mile; the total number of miles in each separate line or division thereof, the average number of separate wires thereon, the number and length in miles of cables and wires conveyed thereby, gross rental of all instruSleeping Car ments, and the number of stations. From sleeping car companies and freight car companies (meaning thereby companies conveying to, from, through, in or across this State or any part thereof, passengers or travelers, or freight, by contract with any railroad company, or the managers, lessees, agents or receivers thereof, in palace cars, drawing room cars, sleeping cars, dining cars, chair cars, oil cars, refrigerator cars, or cars for transportation of horses, cattle, hog, sheep, poultry, or any other kind of freight), the total length of main lines of all the railroads over which said cars are run, the total length of so much of the main lines of the railroad over which the same are run as outside of the State of Tennessee, the length of lines of said railroad companies over which said cars are run within each of the counties and municipalities within the State, the number and class and value thereof, the average mileage of each class of car during the preceding Companies. |