Chapter 2538. To relieve the Tanana Mines Railroad in Alaska from taxation
198 words·~1 min read·
/statutes-at-large/vol-34/chapter-2538-5275842·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 2538.— An Act To relieve the Tanana Mines Railroad in Alaska from taxation. March 2, 1907. [[H. R. 25184](/us/bill/34/hr/25184).] [[Public, No. 197](/us/pl/34/197).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the Tanana Mines RailroadAlaska.Tanana Mines Railroad exempt from taxes. Company, or its successors, having a line of railroad under construction in the district of Alaska, shall be exempt from license tax and tax on its railway and railway property during the period of its construction and for five years thereafter: *Provided,* That the total*Provisos.*Time. period of exemption shall not exceed ten years from the time of the passage of this Act: *And Provided further,* That this exemption shallConditions. exist and operate only during the continuance of the construction of said road in good faith, and in the event of unnecessary delay in the construction and completion of said road the exemption from taxation herein provided shall cease, and said tax shall be collectible as to so much of said road as shall have been completed live years.
Sec. 2. That Congress reserves the right to alter, amend, or repealAmendment. this Act. Approved, March 2, 1907.