Report of the Commission on Revenue and Taxation of the State of California: 1906 ...W.W. Shannon, Superintendent of State Printing, 1906 - 296 pages |
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Common terms and phrases
$100 of assessed ad valorem tax amount annual annum ascertain assessment roll assessor average basis Board of Equalization California capital stock Census cents city taxes class of property classes of corporations collected Constitution county taxes deducted depreciation dividends entire exempt express companies farm fees franchises fund gross earnings tax gross premiums gross receipts income increase inequalities inheritance tax insurance companies interest interstate commerce Interstate Commerce Commission investment land Legislature less license tax lieu market value method Michigan mile mileage national banks Nevada County operating expenses percentage personal property poll tax property tax proportion public-service corporations Pullman Company railroad companies railroad property Railway real estate road San Francisco Santa shares of stock solvent credits Southern Pacific stocks and bonds street railroads tax on railroads tax rate taxable taxes levied taxes on property taxes paid taxpayers thereof tion town true value Wisconsin
Popular passages
Page 224 - 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...
Page 85 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Page 6 - This tax shall be in lieu of all other taxes and licenses, state, county, and municipal...
Page 10 - property," as used in this article and section, is hereby declared to include moneys, credits, bonds, stocks, dues, franchises, and all other matters and things, real, personal, and mixed, capable of private ownership...
Page 12 - ... refrigerator, oil, stock, fruit and other car-loaning and other car companies, operating upon the railroads in...
Page 16 - The franchise, roadway, roadbed, rails, and rolling stock of all railroads operated in more than one county in this State shall be assessed by the State Board of Equalization at their actual value, and the same shall be appoitioned to the counties, cities and counties, cities, towns, townships, and districts...
Page 237 - State, and the assessment and taxation shall not be at a greater rate than is made or assessed upon other moneyed capital in the hands of individual citizens of this State.
Page 11 - The power of taxation shall never be surrendered or suspended by any grant or contract to which the State shall be a party.
Page 11 - The taxes so levied shall be a lien upon the property and security, and may be paid by either party to such security; if paid by the owner of the security, the tax so levied upon the property affected thereby shall become a part of the debt so secured. If the owner of the property shall pay the tax so levied on such security, it shall constitute a payment thereon, and, to the extent of such payment, a full discharge thereof.
Page 10 - ... museums, growing crops, property used exclusively for public schools, and such as may belong to the United States, this State, or to any county or municipal corporation within this State, shall be exempt from taxation. The Legislature may provide, except in case of credits secured by mortgage or trust deed, for a deduction from credits of debts due to bona fide residents of this State.