Recla

sed 5-10-29

MVP

LETTER OF TRANSMITTAL.

To Hon. John Burke, Governor and the Legislature of the State of North Dakota :

In Compliance with the provisions of paragraph 13, Section 9, Chapter 303 of the Laws of North Dakota, passed at the Twelfth Session of the Legislative Assembly, the North Dakota Tax Commission herewith submits its first report.

L. E. BIRDZELL

F. E. PACKARD
GEO. E. WALLACE

Bismarck, N. D., November 16, 1912.

Commissioners.

Property Between 1890, 1900 and 1910

Tables Showing Ratios of Gain and Loss of Personal and Real-

Chapter III. Personal Property Tax

30

35

Table Showing Personal Property Assessment for Twenty-two

Counties for 1909 and 1912..

42

Table Showing Real Property Assessment for Twenty-two

Counties for 1909 and 1912

42

Chapter IV. Assessment of Intangible Property

43

Moneys and Credits

43

Table Showing Number of Banks, Bank Deposits, and Moneys

Returned for Taxation from 1890 to 1912

44

Stocks and Bonds

45

Experiences of Other States

Chapter V. Classification of Property

Classification Illustrated

Uniform Method Discarded

Classification in Switzerland

The Minnsota Experiment

Conditions in North Dakota

45

445

47

47

48

48

49

51

Provision Permitting Subtraction of Five Per Cent of Loans

and Discounts from Surplus or Reserve Funds and Undivided

Profits

57

Page

Savings Banks

Trust Companies

Assessment of Light, Heat and Power Companies

Taxation of Foreign Insurance Companies

Provision Authorizing Subtraction of the Net Investment in

Real Estate

Reform in Methods of Assessing Bank Stock

Classification of Corporations for Purposes of Assessment

Law Governing Assessment of Corporations Generally

Statute Economically Defective

Statute Unconstitutional

Additional Defects

Conclusions

Banks

Assessment of Railroads, Express Companies, etc.

Gross Earnings Plan, No Recommendation

Chapter VIII. Assessment at Full Value or Percentage of Full Value

Is Percentage Basis Authorized by North Dakota Constitution?

Practical Advantage of Assessment on Percentage Basis

No Practical Advantage, if County Assessor Plan is Adopted

Effect of Increased Valuation on Salaries of County Officers....

Table Showing Salaries of County Officers

Effect of Increased Valuation on Maximum Levies

Effect of Increase on County Tuition Fund

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61

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63

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77

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82

82

Effect of Increase on Special Taxes

83

One Mill Maintenance Tax of State Educational Institutions

Table Showing Proceeds of Mill Tax for Two Years

83

83

Table Showing Appropriations for Institutions

84

Table Showing Distribution of Proceeds of Mill Tax for Two

Years

Digest of State Laws Relating to County Assessor System....

North Dakota Laws on the Subject of Good Accounting

What Should be Done in North Dakota?

Sales Method of Ascertaining Values of Real Property

Schedule of Items of Personal Property

119

121

Chapter XIII. The Inheritance Tax

History

Theories of the Inheritance Tax

Should the Tax be Retributed

The Legal Basis of Inheritance Tax

North Dakota's Present Law

Table Showing Rates

A Proposed Law

Decisions on the Question of Constitutionality of the Inherit-

ance Tax Laws

Chapter XV. Table Showing Cost of County Government

Chapter XVI. Assessment of 1912 and Tax Lists of 1911

Real Estate Assessment, 1912

Personal Property Assessment, 1912

Railroad Assessment, 1912

Assessment of Telegraph Lines, 1912

Assessment of Telephone Companies, 1912

Assessment of Express Companies, 1912

Assessment of Street Railroads, 1912

Table Showing Assessed Value of All Property, 1912

Abstract of Tax Lists for 1911.....

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125

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130

144

157

160

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