so reporting of such assessment, and certify such assessment to the County Clerk of each county which has reported the levy of the county tax provided for in Section 2, for record, and such County Clerk shall immediately deliver a copy thereof to the Sheriff of such county for the collection of such county tax. The transporter so notified of the assessment shall have until the twentieth day of the month following such notice, in which to be heard by the State Tax Commission on any objection to such assessment, and the assessment shall become final on such twentieth day of the month and the tax be due and payable on that day. The State Tax Commission shall make the assessment of the value of the crude petroleum so reported by each transporter of crude petroleum as follows: Where the report shows no sale of crude petroleum during the month covered by such report, then the market value of crude petroleum on the first business day after the tenth day of the month in which the report is made shall be fixed as the assessed value of all crude petroleum covered by such report. But where the report shows sales of crude petroleum during the month covered by such report, if it shows that all crude petroleum so reported has been sold, then the market price of such crude petroleum on each day of such sale or sales shall be the assessed value of all crude petroleum sold on such date of sale and the total amount of the tax to be reported as the assessment on such report shall be the total of the assessment or assessments made on such sale or sales; but if such report shows that any part of the crude petroleum so reported remains unsold, then as to such portion remaining unsold the market price of the crude petroleum on the first business day after said tenth day of the month following the month covered by such report, shall be fixed as the assessed value of such portion of the crude petroleum unsold, and the total amount of the tax to be reported as the assessment on such report shall be the total of the assessments made on such sold and unsold crude petroleum. The State Tax Commission in making its assessments shall take into consideration transportation charges. § 7. Every person, firm, corporation or association required to make report as provided in Section 5 hereof, shall be responsible and liable for the taxes as herein set forth on all crude petroleum so received by it, and shall collect from the producer in either money or crude petroleum the taxes imposed under the provisions of this act; but, if collection is in crude petroleum, such transporter is authorized and empowered to sell the same, and pay said taxes by check or cash to the State Tax Commission or sheriff, as provided in this act. § 8. The State Tax Commission may require reports on blanks prepared by it from all producers and transporters of crude petroleum, in addition to the reports above provided for, as it may deem necessary, from time to time. § 9. Any person, firm, corporation or association, required to make reports or collect and pay the taxes hereunder, failing to pay such taxes, penalty or interest, after becoming delinquent; or failing to make any report, required by this act, for thirty days after the date upon which the same is required by this act to be made; or failing for thirty days after engaging in the transportation of crude petroleum, as set out herein, to register as required hereby, shall be deemed guilty of a misdemeanor, and on conviction shall be fined fifty dollars ($50.00) for each day of such failure, to be recovered by indictment or civil action, and a false report shall be deemed as a failure to report under this act. § 10. All acts and parts of acts in conflict herewith are hereby repealed. § 11. Whereas, the law under which the tax on crude petroleum is collected is difficult of administration, and much unnecessary work is required in the collection of taxes and making of reports, and whereas, another quarter will be due on the first day of March, 1918, an emergency is declared to exist and this act will become effective upon its approval by the Governor. Approved March 29, 1918. CHAPTER 123. AN ACT to amend and re-enact Section 4039 of Kentucky Statutes, Edition of 1915, relating to the assessment of real estate, or other property, owned by non-residents of the State or of the county in which such real estate, or interest therein, or other property, is located, and providing a penalty for a failure to assess such property as herein provided. Be it enacted by the General Assembly of the Commonwealth of Kentucky: That Section 4039 Kentucky Statutes, Edition 1915, be amended and re-enacted so that it will read as follows: It shall be the duty of all persons owning any real or other property, mineral rights, or standing trees of any kind whatever on the lands of another, or any coal, oil, or gas privileges by leace, or otherwise, or any interest therein, in this State, other than in the county in which the said owner resides, or if Acts-19 said owner should reside out of the State, to list the property for taxes personally, or by an authorized agent in the county where situated at the same time and in the same manner as is now provided by law of resident owners; or to file a descriptive list of the same between the first day of July and the first day of October in each year with the county clerk of the county wherein said property is located, fix-. ing a fair cash value of the same, and giving the nearest resident thereto and the number of the magisterial district in which the same is located. If any owner shall refuse of fail to comply with the provisions of this act, he shall be fined not exceeding $50.00, to be recovered by indictment in the county in which the property is situated, and if any owner fail to comply with the provisions of this act, either wilfully or otherwise, he shall be subject to a penalty of twenty per cent. on all taxes due by him upon the assessment of said property, and the county clerk, in making out the tax bills, shall include said penalty in the tax bills of such taxpayers as may fail to comply with the provisions of this act, and the sheriff shall collect and account for such penalty the same as the taxes. No fine shall be imposed, nor penalty imposed if the property be assessed in the manner herein provided before the County Board of Supervisors has finally completed its work. Approved March 29, 1918. CHAPTER 124. AN ACT to amend and re-enact Section 7 of Chapter 7 of the Acts of the Extraordinary Session of 1917 relating to reports for corporation license tax. Be it enacted by the General Assembly of the Commonwealth of Kentucky: That Section 7 of Chapter 7 of the Acts of the Extraordinary Session of 1917 be amended and re-enacted so it will read as follows; Domestic corporations, and foreign corporations owning property or transacting business in this State, shall make such report to the Tax Commission in a manner provided in this section on or before February first succeeding their incorporation, or succeeding their becoming the owner of property or transacting business in this State; and shall make such report on or before said date annually thereafter. And except as provided in Section 6 such corporation shall pay the annual license tax at the rate and in the proportion provided in Section 3; and in all respects be subject to the provisions and penalties in this section contained and prescribed, but the State Tax Commission may, for good cause shown, extend the time for filing said report for a period not longer than thirty days. Approved March 29, 1918. CHAPTER 125. AN ACT to amend Sub-section 3 of Section 648a, of the Kentucky Statutes, being an Act of March 24, 1906, Chapter 144, of the Acts of 1906; and to amend Sub-section 3 of Section 648a of the Kentucky Statutes, as amended by Section 3 of Chapter 93 of the Acts of 1912. Be it enacted by the General Assembly of the Commonwealth of Kentucky: 1. That Sub-section 3 of Section 648a of the Kentucky Statutes, being Sub-section 3 of an Act of March 24, 1906, Chapter 144, of the Acts of 1906, |