Statement verified. Assessor determine value for assessment. Method of determining value. Third-The number of acres contained in such mine or mining claims. Fourth-The number of tons of ore extracted during the preceding year. Fifth-The gross value of any such ore extracted, in dollars and cents. Sixth-Actual cost of extracting same from mine, which shall include cost of liability and workmen's compensation insurance, but shall not include the salaries of any officers or agents not actively and consecutively engaged in or about the mine. Seventh-Actual cost of transportation to place of reduction or sale. Eighth-Actual cost of treatment, reduction or sale. Ninth-The net proceeds, in dollars and cents, after deducting the above expenses. Which statement shall be signed and sworn to by such person or the superintendent or managing agent of such corporation or association. b. The assessor, when he receives such statement, shall determine the gross proceeds of any such producing mine or mining claim for said preceding year, and shall, at the same time, determine the net proceeds as herein defined for said preceding year, and shall, for the purpose of assessment for taxation, value such producing mine, or mining claim at a sum equal to one-fourth of the said gross proceeds for said preceding year for any such mine or mining claims; Provided, however, That if the net proceeds as herein defined of any such producing mine or mining claim for said preceding year exceeds one-fourth of the gross proceeds as herein defined, then any such producing mine or mining claim shall be valued for the purposes of assessment for taxation at the amount determined by the assessor as the net proceeds for said preceding year for any such producing mine or mining claim; Provided further, That any number of contiguous claims owned and operated as one property by the same person, persons, association or corporation, the gross production of which shall be more than five thousand dollars per annum, shall be deemed and considered to be one producing mine for the purposes of this act. claims subject to and sale. taxation c. In case the mine or mining claim shall not be Unpatented patented, or entered for patent, but shall be assessable and taxable under this act, on account of producing gross proceeds, then, in that case, the possession shall be the subject of the assessment, and if said mining property be sold for taxes levied, the sale for such tax shall pass the title and right of possession to the purchaser, under the laws of Colorado; and the number of the survey or the name of the lode or claim, and the name of the mining district, shall be sufficient description for the purposes of taxation and assessment of mining property. Sec. 2. All acts and parts of acts inconsistent with Repeal. this act are hereby repealed. Sec. 3. In the opinion of the General Assembly this Safety clause. act is necessary for the support and maintenance of the Department of State and State Institutions, and it is hereby declared to be necessary for the immediate preservation of the public peace, health and safety. Sec. 4. In the opinion of the General Assembly an emergency exists; therefore, this act shall take effect and be in full force immediately after its passage. Approved: April 7, 1915. Emergency. CHAPTER 139. REVENUE EXEMPTIONS-COUNTY FAIR GROUNDS. Taxes on county fair property rebated when. (S. B. No. 11, by Senator Barela.) AN ACT AUTHORIZING THE COLORADO TAX COMMISSION OF THE Be It Enacted by the General Assembly of the State of Colorado: Section 1. That the Colorado Tax Commission in this state is hereby authorized and empowered, and it shall be its duty in each and every year to refund, rebate or rebates any and all taxes for state, county, school, and municipal purposes levied upon or standing against any and all real and personal property of any agricul tural or mechanical fair association duly organized under the laws of the State of Colorado when and while said property is actually and exclusively used and employed for the purpose of holding thereon county fairs for the promotion and encouragement of mechanical, agricul tural, horticultural, live stock, and other county fair purposes and while it is not operated for pecuniary profit. Approved: April 9, 1915. CHAPTER 140. REVENUE LIMITATION ON LEVY. (H. B. No. 27, by Messrs. Noonan and Kennedy.) AN ACT TO AMEND SECTION 11 OF AN ACT ENTITLED "AN ACT IN Be It Enacted by the General Assembly of the State of Colorado: Section 1. That section 11 of an act entitled "An Act amended Act in Relation to Public Revenue and Limiting the Levy of Taxes in the Several Taxing Districts of the State of Colorado; Prescribing Penalties for the Violation of this Act and Repealing All Acts or Parts of Acts in Conflict Herewith," approved May 1, A. D. 1913, be and the same hereby is amended to read as follows: Rates making creased. provisions de Section 11. All statutory rates making provision for fixing the limit of indebtedness are hereby decreased, in the same proportion as the assessed valuation of the taxing districts to which they apply is increased; Provided, however, That all such statutory rates affecting school districts shall not be so decreased but all limitations upon Application the amount of indebtedness of any school district to which of rates in such limitations apply, shall be computed upon seventy tricts. per cent. (70%) of the assessed valuation of such school school dis Amount of levy limited. Not over fif- Limitation of levy after 1913. Repeal. Safety clause. Emergency. district, instead of being computed upon the full assessed valuation as provided in the various statutes fixing such limitations. Except as herein otherwise provided, all statutory rates making provision for the revenue of the state and for state institutions, schools, towns, cities and for all other purposes (except to provide for the payment of school district bonds and interest thereon) are hereby so reduced as to prohibit the levying of a greater amount of revenue on the assessed value of the year 1913, than was levied for the year 1912, plus fifteen per cent. For each year after 1913 the tax rate shall be so limited as not to levy a greater amount of revenue than was levied the preceding year plus five per cent. Except as herein otherwise provided, the exercise of the taxing power by the General Assembly and by every taxing body to which authority has been delegated by the General Assembly to exercise the power of taxation. is hereby limited (except to provide for the payment of school district bonds and interest thereon) so as to prohibit the levying of a greater amount of revenue on the assessed value of 1913 than was levied on the assessed value of 1912, or the last preceding year when a levy was made, plus fifteen per cent. For each year after 1913 the authority of all taxing bodies (except school districts in providing for the payment of school district bonds and interest thereon) shall be so limited as to prohibit the levying of a greater amount of revenue than was levied the preceding year, plus five per cent. Sec. 2. That all acts and parts of acts in conflict with this act are hereby repealed. Sec. 3. The General Assembly hereby declares that this act is necessary for the immediate preservation of public health and safety. Sec. 4. That in the opinion of the General Assembly an emergency exists; and therefore, this act shall take effect and be in force from and after its passage. Approved: April 10, 1915. |