Exemption of Personal Property, Taxation of Banks, the Classified Assessment Law as Applied to Real Estate, True Consideration in Deeds: Being Chapters Vi, Viii, Ix and X of the Sixth Biennial Report1918 - 46 Seiten |
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Exemption of Personal Property, Taxation of Banks, the Classified Assessment ... Minnesota Tax Commission (1907-1939) Keine Leseprobe verfügbar - 2016 |
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40 per cent amended assessed at 33 assessed for household assessing household bank is located bank or mortgage capital stock class of property classified assessment law classify real Connecticut consideration in deeds construed deduct evidence of value exceed exempt farm products exempt household Exemption of Household Extract from Letter full value hands hundred dollars implements and machinery investments in real Item kind of property law provides legally authorized investments legislature live stock Maryland ment Minn mortgage loan company national bank Nebraska North Carolina North Dakota owner personal property platted real estate price paid property assessment property in 1917 purpose of taxation real and personal real property reassessment register of deeds Rhode Island sales method shareholders shares of stock statute supreme court surplus or reserve Taxation of Banks taxes levied taxpayer thereof total assessed value trolley poles true and full true consideration true value unplatted land value of household
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Seite 77 - Nothing herein shall prevent all the shares in any association from being included in the valuation of the personal property of the owner or holder of such shares, in assessing taxes imposed by authority of the State within which the association is located...
Seite 87 - cash value," whenever used in this act, shall be held to mean the usual selling price at the place where the property to which the term is applied shall be at the time of assessment, being the price which could be obtained therefor at private sale, and not at forced or auction sale.
Seite 56 - New York North Carolina North Dakota Ohio Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming LLL KAT°.
Seite 77 - State within which the association is located; but the legislature of each State may determine and direct the manner and place of taxing all the shares of national banking associations located within the State, subject only to the two restrictions, that the taxation shall not be at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State, and that the shares of any national banking association owned by non-residents of any State shall be taxed in...
Seite 52 - ... hospitals, academies, colleges, universities, and all seminaries of learning, all churches, church property, and houses of worship, institutions of purely public charity, and public property used exclusively for any public purpose, shall be exempt from taxation, and there may be exempted from taxation personal property not exceeding in value $200, for each household, individual or head of a family, as the legislature may determine...
Seite 78 - ... or parties interested therein, showing the number of shares, and the amount held, owned, or controlled by each party in interest, which...
Seite 78 - Shareholders (Sec. 5210). —The president and cashier of every national banking association shall cause to be kept at all times a full and correct list of the names and residences of all the shareholders in the association, and the number of shares held by each, in the office where its business is transacted.
Seite 78 - ... and taxed as other real estate under this chapter. The assessor shall deduct the amount of investments in real estate from the aggregate amount of such capital and surplus fund, and the remainder shall be taken as a basis for the valuation of such shares in the hands of the stockholders, subject to the provisions of the law requiring all property to be assessed at its true and full value.
Seite 78 - To aid the assessor in determining the value of such shares of stock, the accounting officer of every such bank or mortgage loan company shall furnish to the assessor a sworn statement showing the amount and number of the shares of the capital stock, the amount of its surplus, undivided profits and all other funds, and the amount of its legally authorized investments in real estate located in this state, which real estate shall be assessed and taxed as other real estate.
Seite 82 - While it is undoubtedly true, as stated in a former report, that ' ' from a theoretic standpoint it is open to very serious criticism and leaves much to be desired," yet in actual operation it has given very general satisfaction and the results obtained, viewed from the standpoint of just taxation alone, vindicate the action of every one who had anything to do with its enactment. Legality of Some Features of the Law Doubted The feeling was quite general when the measure was before the legislature...