CHAPTER 11. TAXATION.

§11-5-1. What personal property taxable.

All personal property belonging to persons residing in this state, whether such property be in or out of the state, and all personal property in the state, though owned by persons residing out of the state, shall be entered in the personal property book, and be subject to equal and uniform taxation, except as classified in section four, article eight of this chapter, unless especially exempted by law; but personal property of all classes, except as hereinbefore provided, belonging to the residents of this state, which is actually and permanently located in another state, and by the laws of such other state is subject to taxation and is actually taxed in such other state, shall not be entered on the personal property book, or be taxed in this state. But the shares of capital stock owned by residents of this state in corporations actually located in other states, and whose property is taxed by the laws of such other state, shall not be required to be listed for taxation. Any person who at any time before the assessment year transfers by loan, deposit or gift, any notes, bonds, bills and accounts receivable, stocks and other intangible personal property, which are subject to taxation to anyone, who does not return a list of taxation as of the day on which the assessment year commences including such property, transfers, loans, deposits or gifts, if made with intention of evading taxation, shall be deemed and treated as illegal and fraudulent and the assessor shall assess such property for taxation to the party who makes such transfers, loans, deposits or gifts as aforesaid.

Bills Affecting §11-5-1

2001 Regular Session: HB3000
2001 Regular Session: HB3140
2001 Regular Session: HB3140
2001 Regular Session: SB595
2002 Regular Session: HB3000
2002 Regular Session: SB191
2003 Regular Session: HB2487
2003 Regular Session: HB2487
2003 Regular Session: HB3014
2003 Regular Session: HB3014
2003 Regular Session: HB3014
2003 Regular Session: HB3014
2003 Regular Session: HB3014
2003 Regular Session: HB3014
2003 Regular Session: HB3014
2003 Regular Session: HB3014
2003 Regular Session: SB118
2004 Regular Session: HB2487
2004 Regular Session: HB2487
2004 Regular Session: HB4164
2004 Regular Session: HB4510
2004 Regular Session: SB76
2004 Regular Session: SB594
2004 Regular Session: SB594
2004 Regular Session: SB594
2005 Regular Session: HB2009
2005 Regular Session: HB2311
2005 Regular Session: HB2409
2005 Regular Session: HB2409
2005 Regular Session: HB2412
2005 Regular Session: HB2445
2005 Regular Session: HB2445
2005 Regular Session: HB2445
2005 Regular Session: HB2487
2005 Regular Session: SB16
2005 Regular Session: SB188
2005 Regular Session: SB188
2005 Regular Session: SB188
2005 Regular Session: SB227
2006 Regular Session: HB2009
2006 Regular Session: HB2311
2006 Regular Session: HB2409
2006 Regular Session: HB2409
2006 Regular Session: HB2412
2006 Regular Session: HB2445
2006 Regular Session: HB2445
2006 Regular Session: HB2445
2006 Regular Session: HB2487
2006 Regular Session: HB4566
2006 Regular Session: HB4566
2006 Regular Session: HB4566
2006 Regular Session: SB5
2006 Regular Session: SB520
2006 Regular Session: SB520
2006 Regular Session: SB520
2007 Regular Session: HB2032
2007 Regular Session: HB2067
2007 Regular Session: HB2343
2007 Regular Session: HB2345
2007 Regular Session: HB2513
2007 Regular Session: SB130
2008 Regular Session: HB2032
2008 Regular Session: HB2067
2008 Regular Session: HB2343
2008 Regular Session: HB4346
2008 Regular Session: HB4551
2008 Regular Session: HB4606
2008 Regular Session: SB596
2009 Regular Session: HB2281
2009 Regular Session: HB2304
2009 Regular Session: HB2999
2009 Regular Session: SB479
2010 Regular Session: HB2281
2010 Regular Session: HB2304
2010 Regular Session: HB4283
2010 Regular Session: HB4351
2010 Regular Session: HB4575
2010 Regular Session: SB461
2011 Regular Session: HB2777
2011 Regular Session: SB479
2012 Regular Session: HB2777
2012 Regular Session: SB62
2013 Regular Session: HB2754
2013 Regular Session: SB49
2013 Regular Session: SB377
2014 Regular Session: HB4396
2014 Regular Session: SB222
2015 Regular Session: HB2142
2017 Regular Session: SB335
2017 Regular Session: SB335
2017 Regular Session: SB335
2018 Regular Session: HB4575
2019 Regular Session: HB2813
2019 Regular Session: SB477
2020 Regular Session: SB837