CHAPTER 11. TAXATION.

§11-5-5. Valuation of credits and investments.

The value of any credit, if the solvency of the party liable therefor be doubtful or if the claim be disputed, shall be estimated at its probable worth; if it be payable in anything but money, its probable value in money, to be fixed by the assessor, is to be listed; if a solvent credit bear interest which has not been paid, the amount of principal and interest, calculated up to the first day of the assessment year of the year for which the assessment is made shall be listed; but if it do not bear interest, and be not due, the interest for the time it has run from the first day of the assessment until it be due and payable, may be deducted. Investment, in notes, bonds, bills, stocks and other intangible property, shall be rated by the assessor at their market price, or if there be no known market price, then at their proper value, according to the rule prescribed in this chapter.

Bills Affecting §11-5-5

2001 Regular Session: HB3170
2001 Regular Session: SB621
2002 Regular Session: HB3170
2003 2X: HB220
2003 2X: SB2010
2003 Regular Session: HB2170
2003 Regular Session: HB3014
2003 Regular Session: HB3014
2003 Regular Session: HB3014
2003 Regular Session: HB3014
2003 Regular Session: HB3014
2003 Regular Session: HB3157
2004 Regular Session: HB2170
2004 Regular Session: HB3157
2004 Regular Session: HB4349
2004 Regular Session: SB594
2004 Regular Session: SB594
2004 Regular Session: SB594
2004 Regular Session: SB594
2005 Regular Session: HB2445
2005 Regular Session: HB2445
2005 Regular Session: HB2445
2005 Regular Session: HB2445
2005 Regular Session: SB188
2005 Regular Session: SB188
2005 Regular Session: SB188
2005 Regular Session: SB188
2006 Regular Session: HB2445
2006 Regular Session: HB2445
2006 Regular Session: HB2445
2006 Regular Session: HB2445
2006 Regular Session: HB4412
2006 Regular Session: HB4566
2006 Regular Session: HB4566
2006 Regular Session: HB4566
2006 Regular Session: HB4566
2006 Regular Session: HB4816
2006 Regular Session: HB4816
2006 Regular Session: SB520
2006 Regular Session: SB520
2006 Regular Session: SB520
2006 Regular Session: SB520
2006 Regular Session: SB692
2006 Regular Session: SB692
2007 Regular Session: HB2055
2007 Regular Session: SB742
2008 Regular Session: HB4551
2008 Regular Session: HB4551
2008 Regular Session: SB596
2008 Regular Session: SB596
2010 Regular Session: HB4351
2010 Regular Session: SB461
2012 Regular Session: HB4335
2012 Regular Session: SB430
2014 Regular Session: HB4424
2016 Regular Session: HB4693
2017 1X: SB1017
2017 Regular Session: HB2493
2017 Regular Session: HB2734
2017 Regular Session: SB335
2017 Regular Session: SB335
2017 Regular Session: SB335
2018 Regular Session: HB2493
2018 Regular Session: SB120
2019 Regular Session: HB2440
2019 Regular Session: SB58
2020 Regular Session: SB832
2020 Regular Session: SB837
2021 Regular Session: SB661