EXEMPTIONS--COLLEGES, ETC.
Mr. Ristine's bill [S. 199] to amend the assessment act of December 21, 1872, was read the second time. It amends the eighth and ninth subdivisions so they shall read: "(8) The campus of every University or College, not exceeding forty acres (and the buildings and improvements thereon) when such campus has for more than five years been used exclusively for a College or University campus," (9) No tax shall be collected for any past year or years on any property exempted by this amended section under the claim or pretense that such property was improperly omitted to be assessed and taxed for such former year or years under the law as it stood prior to the passage of this amendatory act.
On motion by Mr. RISTINE the bill was amended as follows: Add to subdivision fifth, in Section 7, these words: "Every building erected for the use of any literary, benevolent, charitable or scientific Institution, or by any individual or individuals' Association or Corporation erected for the same purpose by any town, Township or County, and the tract of land on which such building is situated not exceeding twenty acres; also, the personal property and endowment fund and income of such fund belonging to any Institution, town, Township, city or County, and connected with or set apart for any of the purposes aforesaid."
The amendment was agreed to and the bill ordered engrossed.
