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Mortgage Taxation Robert Argyll Campbell

Mortgage Taxation

Robert Argyll Campbell

Published November 26th 2015
ISBN : 9781331343233
Paperback
66 pages
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 About the Book 

Excerpt from Mortgage TaxationPresent Law. Dig. Of St, 1904. In Arkansas mortgages are taxed as personal property. The law requires (sec. 6873) that all property, including mon4 eys and credits, shall be taxed, and credits are defined (sec. 6872) asMoreExcerpt from Mortgage TaxationPresent Law. Dig. Of St, 1904. In Arkansas mortgages are taxed as personal property. The law requires (sec. 6873) that all property, including mon4 eys and credits, shall be taxed, and credits are defined (sec. 6872) as the excess of the sum of all legal claims and demands over and above the sum of legal bona fide debts which the person owes. Every person (sec. 6899) is required to list all moneys loaned by him, but is not required (sec. 6902) to list a greater portion Of any credits than he believes can be collected.Court Decisions. A note given for land, and the land itself, are both subject to taxation- the note as property of the holder, and the land as property of the purchaser. Ouachita County v. Rumph, 43 Ark. 525, 1884.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully- any imperfections that remain are intentionally left to preserve the state of such historical works.