US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 28
                         TAXATION OF PROFITS OF MINES
    63-2806.  EXAMINATION OF BOOKS -- PENALTY FOR FALSE STATEMENT. The
assessor, after such statement has been rendered, shall have the right to
examine the books and accounts of any person, corporation or association
engaged in mining as mentioned in this chapter, in order to verify the
statement made by such person, corporation or association, and if from such
examination he finds such statement false, he must assess the net proceeds in
the same manner as if no statement had been made and delivered, by making an
estimate from the best sources within his reach, and if satisfied that the
false statement was intentionally so made, he shall add as a penalty therefor,
to the amount of the net proceeds so found, fifty per cent (50%) thereof,
which amount thus increased shall constitute the sum upon which the taxes must
be levied and collected, and such assessment shall be binding, effectual and
lawful, and the value so fixed by the assessor shall not be reduced by the
county board of equalization.