Report of the Commissioners Appointed by the Governor Under Authority of a Joint Resolution of the Two Houses of the Legislature of the State of New York: Passed April 26, 1870, to Revise the Laws for the Assessment and Collection of Taxes

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Argus Company, printers, 1871 - Tax assessment - 154 pages
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Page 63 - TDe privileges and franchises granted by the legislature of this state, to savings banks or institutions for savings, are hereby declared to be personal property and liable to taxation as such in the town or ward where they are located to an amount not exceeding the gross sum of their surplus earned...
Page 59 - ... no acknowledgment of indebtedness not founded on actual consideration, believed when received to have been adequate, and no such acknowledgment made for the purpose of being so deducted, shall be considered a debt...
Page 26 - ... action, debts due from solvent debtors, whether on account, contract, note, bond or mortgage ; debts and obligations for the payment of money due or owing to persons residing within this state, however secured or wherever such securities shall be held; debts due by inhabitants of this state to persons not residing within the United States for the purchase of any real estate; public stocks, stocks in moneyed corporations, and such portion of the capital of incorporated companies, liable to taxation...
Page 140 - States, shall be assessed and taxed on the value of their shares of stock therein; said shares shall be included in the valuation of the personal property of such stockholders in the assessment of taxes in the tax district where such bank or banking association is located, and not elsewhere, whether the said stockholders reside in said tax district or not.
Page 138 - The second general principle is," that no State can, by its laws, directly affect, bind, or regulate property beyond its own territory, or control persons who do not reside within it, whether they be native-born subjects or not...
Page 101 - The establishment of that great thoroughfare is regarded as a public work, established by public authority, intended for the public use and benefit, the use of which is secured to the whole community, and constitutes, therefore, like a canal, turnpike or highway, a public easement.
Page 45 - All real and personal estate liable to taxation shall be estimated and assessed by the assessors at its full and true value, as they would appraise the same in payment of a just debt due from a solvent debtor.
Page 136 - Blair, counsel for defendant, namely : that such a tax was a regulation of commerce, a tax imposed upon the transportation of goods from one State to another, over the high seas, in conflict with that freedom of transit of goods and persons between one State and another, which is within the rule laid down in Crandall v. Nevada, 6 Wall. 35, and with the authority of Congress to regulate commerce among the States.
Page 92 - Every person shall be assessed in the town or ward, where he resides when the assessment is made, for all lands then owned by him within such town or ward, and occupied by him, or wholly unoccupied.
Page 71 - A pays taxes upon the whole valuation, and B upon $5,000, as money at interest. A, it is said, is doubly taxed. This is a practical question, that has puzzled legislators in every age and country. Let us therefore carefully examine it. Suppose A and B aforesaid form an entire community, and that the whole tax of $150 is imposed on property. The whole valuation will then be $10,000 (A's farm), and the rate one and a half per cent, which A pays, and B goes untaxed. We will now change the principle,...

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