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ACT NO. 2197
ACT NO. 2197 - AN ACT PROVIDING
THAT THE ASSESSMENT OF, AND TAX ON, REAL AND PERSONAL PROPERTY SHALL
NOT INCLUDE MACHINERY AS HEREIN DEFINED
Section 1. In all future assessments of property, the value
of machinery, as defined in section seven of this Act shall be
excluded, and such machinery shall not be assessed or taxed as part of
the improvements on or to real property, or otherwise.
Sec. 2. Assessments now in force, when such
assessments include the value of machinery, shall be reduced in the
manner and under the conditions hereinafter stated, and not
otherwise.
Sec. 3. Every owner or machinery now assessed and
taxed, in order to secure the exemption of such machinery from further
such taxation, shall prepare and submit to the provincial board of tax
appeals of the province in which such assessment was made, a detailed,
itemized statement of such machinery, showing the declared value of
each item, the total value of all items, and the assessed value, if the
same be known.
Sec. 4. The provincial board of tax appeals, at
its annual meeting in December, shall consider each statement prepared
as set forth in the last preceding section and therefore filed, and
such other evidence as it may deem pertinent and relevant, and shall
determine, decide upon, and fix the true value of such machinery, and
shall thereupon authorize a corresponding reduction from the existing
assessment, as shown by the land and property tax declarations and
registers.
Sec. 5. Reductions in assessments made under the
provisions of this Act shall become effective with the beginning of the
tax year next succeeding the annual meeting of the provincial board of
tax appeals at which such reductions were authorized.
Sec. 6. For the purposes of this Act the duties of
the board of tax appeals in provinces not organized under The
Provincial Government Act shall be performed by the board of assessors
provided for in section fifty of Act Numbered Thirteen hundred and
ninety-seven.
Sec. 7. The word "machinery" as used in this Act
shall be construed to embrace all machines, mechanical contrivances,
instruments, tools, implements, appliances, apparatus, and
paraphernalia used for industrial, agricultural, or manufacturing
purposes, whether or not attached to land or buildings.
Sec. 8. This Act shall take effect upon its
passage.
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