Section
Taxation
35.01 Authority to levy taxes
35.02 Exclusive of bond taxes
Franchise Tax on Electric Power Companies
35.15 Title
35.16 Definitions
35.17 Ratification of existing permits
35.18 Levy of tax
35.19 Period for which tax due
35.20 Report and payment of tax
35.21 Refunds
35.22 Administration
35.23 Confidentiality of records
35.24 Provisions cumulative
35.25 Service upon electric power companies
35.26 Adoption date
35.99 Penalty
TAXATION
In order to raise sufficient funds to pay the current expenses of the town, the Board of Commissioners may each year levy and collect upon all the real and personal property within the town an annual ad valorem tax not in excess of $1.50 on each $100 in valuation of that property.
(1940 Code, Ch. D, Art. I, § 1)
The rate fixed for taxation in § 35.01 shall be exclusive of all rates levied for the payment of principal and interest upon bonds or notes of the town heretofore or hereafter issued, as to which taxes, bonds and notes there shall be no limit as to rate and for the payment of which the Board of Commissioners shall have authority to levy and collect upon all of the real and personal property within the town an unlimited tax.
(1940 Code, Ch. D, Art. I, § 2)
FRANCHISE TAX ON ELECTRIC POWER COMPANIES
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