The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1864-05-26
The New Tax Law.
An act imposing additional tares 70,
State purpose, and to abolish the Req
enue Board.

enue Board.
Section l. Be 1t enacted &c. That in
addition to the taxes now imposed by
law, hereafter every railroad, steamboat,
canal, slack-water navigation, or any 9TH
er transportation company doing business
within this Commonwealth, shall, by its
PRESIDENT treasurer, cashier, or other f.
naucial officer, make quarterly returns to
the Auditor General, commencing upon
the first day of July next, Said returns
shall be made within thirty days, after
the termination of each quarter, under
oath or affirmation, and shall fully and
particularly state the entire number of
tons of freight traffic carried or moved by
said company or corporation during the
three months ending on the first day of
that month; and said company or corpo-
ration owing or managing said railroad,
steamboat, canal, slackwater navigation,
or other transportation company, shall
pay to the State Treasurer, for the use of
the Commonwealth, the following taxes,
to wit: Upon all tonnage carried upon
or over their respective lines of transpor-
tation to be graduated as follows: First,
upon the products of mines, for each ton
of two thousand pounds, two cents Sec
ond, upon the products of the forest, on
animal or vegetable food, and all the 9TH
er agricultural products, three cents
Third upon merchandise, manufactures
and all other articles, five cents. In all
cases where the same freight is transport
ed over different but continuous lines of
transportation, then the tax hereby i'm
posed shall be paid by the several corpo-
rations carrying the same, each in proper
ton to the distance carried, as may be
adjusted among themselves; the State
Treasurer being and he is hereby author
lied to collect the whole of said tax from
either of the companies carrying the
freight as he may select: ProUided, That
freight shipped through and over one or
several lines of transportation, shall be
chargable with but one tax as aforesaid.
Sec. 2. That every private banker and
broker, and incorporated and unincorpor-
ated banking and saving institution, and
deposit and trust company every gas COM
pany, express company, bridge company,
insurance company, foreign insurance
company, building and land associations,
manufacturing, mechanical, mining and
quarrying company, and all other compa-
nies and corporations doing business in
this Commonwealth, except those speci-
fed in the first section of this act, not
paying a tax to the State upon dividends
under existing laws shall annually, upon
the first day of November of each year,
make a report to the Auditor General,
under oath or affirmation, setting forth
the amount of net earnings or income re-
ceived by SAID individuals or corporations
from all sources during the preceding
year; and upon such net earnings or in
come, the said individuals or corpora
ton, as the case may be, shall pay to the
treasurer, for the use Of the State, within
sixty days thereafter, three per centum
upon such annual net earnings or income
In addition to the taxes now imposed by
existing laws: ProUided, That institu-
tions, individuals or corporations paying
under this section are not to be also taxed
/ &,
one thousand eight hundred and sixty
one, relative to private bankers and bro
kers, and the act Of the ninth of April,
| A. d., 1861, except so far as the license
therein required relative to foreign insur-
ance companies: ProUided further, That
any corporation which has failed to make
returns to the Commonwealth, as required
by the act of April twenty first, A. d.,
1858, entitled An Act for the better Sc
curing to the Commonwealth the pay
ment Of taxes due by incorporated COM
panies, may make such returns within
sixty days after the passage of this act,
any law to the contrary Notwithstanding
and all delinquent companies failing or
refusing to make full returns and pay
ment to the State, as required by the
general laws of this Commonwealth in re.
lation thereto, shall have all their rights
and privileges declared forfeited by proc
lamation from the Governor.
Sec 3. That every president, treasu
rer, cashier or any other officer of any
company incorporated, or that may here.
after be Incorporated, which pays inter
est to its depositors, bond holders or 9th
er creditors, upon which, by the laws Of
the Commonwealth, State tax is i'm
posed, shall, before payment Of the
same, retain from said depositors, bond
holders or creditors the amount of State
tax imposed by existing laws, and shal
pay over the same to the State Treasurer
and that all the laws regulating the mode
of such payment in regard to treasurer
of counties, cities and boroughs be and
the same are hereby extended to the Fl
nancial officers thereof; and they art
hereby required to collect and pay ovel
the taxes due to the State on such pay
ment of interest, as provided in this sec
ton, to be done by officers of ofincorporatet
companies; and in case of any officer ne
glecting or refusing to retain the same
he shall become personally liable to th'
amount.
Sec 4 That the treasurer of each coun
4y and o;f,y fbo huruocs or ofhpr chief 0f