Biennial Report of the Arkansas Tax Commission, volume 5
Biennial Report of the Arkansas Tax Commission, volume 5
Arkansas. Tax Commission, 1909-1923
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The lack of systematic -43— Digitized by VjOOQIC records, sufficient information, familiarity and training in- corporate work, renders an assessor of unusual force and rare ability, to say nothing of the average assessor, an easy victim of corporate intelligence. Our present method of assessing the property of private corporations is objection- able because in effect it is a self assessment, making the officers of the company the assessors of their property for taxation. The Commission recommen...ds the passage of an act, re- quiring private corporations to file duplicates of their pro- perty returns made to assessors and the assessments of such property as made by township boards with the Tax Com- mission that it may investigate, review and equalize by raising or lowering the assessments made by local asses- sors of all corporate property not now required to be assess- ed by the Tax Commission. REVENUE LAWS SHOULD BE REVISED AND REINACTED. The revenue laws have not been reinacted since 1885.
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