American citizen. [volume] (Butler, Butler County, Pa.) 1863-1872, 1864-03-02

of their sales, profits, premiums, ETC., to
the proper assessors. In other words, full
information in reference to all objects tax
ed under the act, set forth upon suitable
blanks furnished to the taxable, and sworn
to as correct
The commissioners and the associate
judges of each county shall constitute a
Board of Revision-except in the city of
Philadelphia, where the board shall con-
sist of the City Commissioners, Treasurer
and Receiver, and in the county of ALE.
gheny, where the board shall consist of the
County Controller, Treasurer and Commits
sioners. Said boards shall see that the
returns of the assistant assessors are made
according to law, aud whether all proper
ty required to be taxed for State and coun-
ty purposes has been valued truly-with
power to raise, reduce and equalize, hear
appeals, examine under oath, etc, and to
report to the Revenue Commissioner, with
in thirty days after completing their ta-
bes, the amount and value of all taxable
property in each borough, ward and town
ship.
The bill imposes graduated tax upon
all public ofhces-prothonotaries, regis
tiers, recorders, treasurers, etc., for the use
of the State; and one dollar State tax upon
each male over twenty-one; State tax
of two mills on real estate, and the same
on personal property, as fixed by the next
tr-ennial assessment gross sales of liquor,
two per cent, ON auctioneers, one per
cent, capital or accrued profits of brokers,
bankers, etc, two per cent policies Of in
surance or risks taken by any foreign COM
pany, five per cent; common carriers two
per cent. upon gross receipts public
amusements, four per cent on gross re-
cepts itinerant shows six per cent.
| Every bank, saving institution, trust,
insurance, railroad, or other company .or
corporation, shall annually, in November,
pay into the State Treasury at the rate Of
one mill upon each one per cent. of divi-
dend declared upon the capital stock and
one mill of each one per cent. interest, in
terest paid to the holders Of any part of
the funded or floating debt, which shall
! be held or paid under the like penalties
for Withholding of dividends upon banks
turnpike and plank road companies ma
king no dividends are not liable to tax up
on their stock, and the capital stock, fund
ed and floating debt, surplus and conting-
cat fund subjected to taxation under this
act shall not be subjected TO taxation for
other than State purposes.
Every bank, saving institution and trust
company, and every insurance company
incorporated by the State, shall report to
the Auditor General, in addition to the
capital stock as now required, the whole
amount of assets invested the dividends
thereon, amount of contingent or sinking
fund, also of any certificate of profits is.
sued therein, upon which shall be paid
the same tax now imposed upon the cap
itai stock of such institutions by existing
laws-and the said insurance companies
shall pay upon all dividends hereafter de-
clared the same tax now imposed upon
bank dividends, and the duties in regard
to their collection are made the same as in
the case of banks.
All railroad, express, steamboat and
other transportation company, bridge, gas,
manufacturing, mining telegraph, stage,
ferry, turnpike and plankroad company,
and all other companies shall report in No.
vember, annually to the Auditor Gener-
al, the amount Of capital stock, bonded
debt, and all other, securities, with the
dividends declared, surplus or sinking
fund-and in addition to the present tax
upon its copitrl stock, shall be levied up.
on the bonded debt and other securities
the same corporation tax that is levied by
existing laws upon its capital stock.
Railroad, telegraph and canal comPa
MES, extending their lines into other States
shall pay the same tax upon the corpora
ton stock and debt, and also upon the div.
dcnds, IS is required Of works entirely
within the State.
The bill then provides the manner o.
collecting taxes in the several counties
which does not differ essentially from the
plan now in use in this county.
The bill is extremely lengthy, covering
twenty-six pages of the printed House
File, but we have cndeavored to give q
fair synopsis for the information of our
readers"