Digest of the Tennessee Tax Laws 1903 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1901 Excerpt: ... ASSESSMENT LAW, 1903 CHAPTER 258. Senate Bill No. 155. AN ACT to provide more just and equitable laws for the assessment and collection of revenue for State, county and municipal purposes, and to repeal all laws in conflict with the provisions of this Act, whereby revenue is collected from the assessment of real estate, personal property, privileges and polls. Section 1. Be it enacted by the General Assembly of the State of Tennessee, That all property, real, personal, and mixed, shall be assessed for taxation for State, county, and municipal purposes, except such as is declared exempt in the next section. Sec. 2. That the property herein enumerated, and none other, shall be exempt from taxation: (1) All property of the United States, all property of the State of Tennessee, of any county of said State, or of any incorporated city, town, or taxing district in the State that is used exclusively for public or municipal corporation purposes. (2) All property belonging to any religious, charitable, scientific, or educational institutions, when used exclusively for the purpose for which said institution was created, or is unimproved and yields no income. All property belonging to such institution used in secular business and competing with a like business that pays taxes to the State shall be taxed on its whole or partial value in proportion as the same may be used in competition with secular business. (3) All cemeteries, places of burial used as such, and monuments of the dead. (4) All roads, streets, alleys, and promenades, where condemned, dedicated, or thrown open for public travel or use free of charge. (5) All growing crops, of whatever nature or kind, the CrPs, direct product of the soil of this State, in the hands of the producer or his immediate vendee, ...