The director of revenue and finance shall on the second Monday in July of each year, proceed to find the actual value of the property of such companies in this state, taking into consideration the information obtained from the statements above required, and any further information the director can obtain, using the same as a means for determining the actual cash value of the property of such companies within this state; also taking into consideration the valuation of all property of such companies, including franchises and the use of the property in connection with lines outside the state, and making such deductions as may be necessary on account of extra value of property outside the state as compared with the value of property in the state, in order that the actual cash value of the property of the company within this state may be ascertained. Said assessment shall include all property of every kind and character whatsoever, real, personal, or mixed, used by said companies in the transaction of telegraph and telephone business; and the property so included in said assessment shall not be taxed in any other manner than as provided in this chapter and section 427.1, subsection 19.
[C97, § 1330; S13, § 1330; C24, 27, 31, 35, 39, § 7034; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 433.4]
Iowa General Assembly
Search: Iowa Code 1995
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