System of Taxation of Maryland, New Jersey, New York, Ohio, Pennsylvania & Virginia: Report

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Tribune Printing Company, 1908 - Taxation - 52 pages

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Page 19 - ... cents for each thousand dollars of the total amount of capital stock authorized, but in no case less than...
Page 11 - ... shall pay to the state treasurer, for the use of the commonwealth, a bonus of one-quarter of one per centum upon the amount of capital stock which said company is authorized to have, in two equal instalments, and a like bonus upon any subsequent increase thereof.
Page 10 - ... hundred dollars, and shall also pay to the insurance commissioner a tax of one and one-half per centum on the amount of premiums actually collected, received or secured in this State, or from residents thereof, during the last license year by or for said company, individual, resident or non-resident, partnership or association, and without any deduction for expenses or endowments which may have been paid, or for any other cause whatsoever.
Page 19 - ... extension or renewal of corporate existence of any corporation, the same as required for the original certificate of organization by this act...
Page 12 - ... above one thousand dollars per mile and up to two thousand dollars per mile, and when the earnings exceed two thousand dollars per mile two per cent, on all earnings above that sum...
Page 52 - ... engaged in business shall pay one-half of the above, but not less than $5.00. Exemptions From Tax. Railroads, railways, canals, banking corporations, savings banks, cemeteries, religious, charitable or educational companies, and manufacturing or mining companies fifty per centum of whose capital stock issued and outstanding is invested in manufacturing and mining in this State. Manufacturing and mining companies not having said fifty per cent. so invested but having a part of capital stock so...
Page 14 - All bonds, certificates of indebtedness, or evidence of debt, in whatsoever form, made or issued by any public or private corporation, incorporated by this state or any other state, territory, district or foreign country, or issued by any state, territory, district or foreign country, and all personal property of any kind...
Page 43 - State franchise taxes, and in imposing a franchise tax, may, in its discretion, make the same in lieu of taxes upon other property, in whole or in part, of a transportation, industrial, or commercial corporation. Whenever a franchise tax shall be imposed upon a corporation doing business in this State, or whenever all the capital, however invested, of a corporation chartered under the laws of this State, shall be taxed, the shares of stock issued by any such corporation, shall not be further taxed.
Page 17 - Property shall be assessed for taxes under general laws, and by uniform rules, according to its true value.
Page 40 - States; but the stockholders in such banks or banking associations shall be assessed and taxed on the market value of their shares of stock therein, at the same rate as is assessed upon other moneyed capital in the hands of individuals residing in this state.

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