New-York tribune., 1879-04-14
THING COMPUTATIONS.
4 SYNOPSIS OF THE BILL NOW PENDING N TIE
STATE ASSEMBLY.

4 SYNOPSIS or THE BILL now PENDING ~ TIE
STATE ASSEMBLY.
ALBANY, April 13.-lhe bill for the taxation
of corporations provides that all corporations
associations. Joint stock companies or eopariner
snips doing business in this state except
muulcpal corporations and such ecclclsast-
cal religions charitable and educational cor
pofations "a are now exempt from taNatOn), together
with all who have interest in the capital or profits OF
such organizations shall be assessed and taxed in ac
coIdance with It's provisions Every such company or
association on or the 15th OF January Of each
year. Is 10 report the Controller IT'S name the date Of
its organization, whether organized under general or
special law its capital the amount already paid IN or
secured be paid H. ITS receipts from all sources during
the preceding year the amount of surplus earnings,
estimate Of its real and personal property the
assessed valuation OF sdcn real estate, and the
place where It's business II carried on from which il
derives its PRINCIPAL income. Ia addition telegraph
companies are 60 report the counties Of the state in
which they have transacted business during the year.
and the number OF miles wire used such reports are
signed by the principal officers OF the companies,
and are to be duly verified. F.so statement ~ To be
adiudged perjury, and subject the offender to imprs0u
mon for than nor more than i've years
Failure 10 report the time aud III the manner pro
yidcd is to subject the of.ndug company To lno OF
81 OOO and 500 each day snail be IN default and
until report is fled said amount 10 be recoverable by
the AtOrne General III the name of the state EXecu-
precedence auy claim wha.eyrr upon the profits,
property. or franchises OF the offending company ia
favor OF the Shareholders sc!iphoideIs partners.
The Controller is authorized whenever he sha desm
necessary, to examine the books and property of
examine any OF their officers oath. relation
company Income property abd franchises ihe asses
sotH throughout Jac Stlt are To report 70 heooholri
when called upon by him. the sod valuation OF the
estate Oi sad companies IN any OF the cities or
towns ot the STATE ana from all the Information oD-
tanned by him the Controller j. annually, between the
15n OF January and the first Tuesday in April to fix:
FIRST, the value "I me shafes or STOCK ana scrip cer-
Gates other certificates OF interest III the capital
accumulated arungs OF profits ot all such corporations,
bs'ocatOhs, lOlht-.loth compaheS OF cOpartuefsps,
except insurance companies associations, and except
railroad and telegraph companies; second tie amount
ol l' tIo'' I'C'PI' u 40 "slucH9 W tH ct' oI tacH
insurance company or association; third tie location
where the business Of every corporation, ASSOCIATION,
Jonstock company rcopartncrshp is transacted from
when IT derives It's principal income.
Provision is made N the nill for appeal from the de
termination Of the Controller 10 4 Board Of Review,
consist the Secretary OF state the Engineer and
the state Assessors The value Of tho shares stock
scrip certificates, 80 lxed and determined by tho Con-
rOer or Board Of Review, shall after deductinS the
assessed value of the real estate OF SAID companies be
the value Of said shares stock etc. for all purposes Of
assessment aud upon which all taxes shall be levied
until valuation Is determined upon. The amount
OF the gross receipts OF every Insurance COMPANY all
business done III this state determined by the Con-
trOer, after deductng the assessed value OF the
plny5 real estate, Is Ia DE the fu valuation of the
pany's personal property for the purpOo o
A Board OF Railroad and Telegraph Appraisers is pro-
yided for which Is to hI the value OF tho property OF
each Of the lroad corporations aud telegraph com.
panies In the state. Ine gross sum so fixed is To be-
aupOruoued by said board among the several
counties Oi the State aud the Board OF Supervisors
to appOrtIOu the determined amounts O.her than the
amounts determined the value OF the real estate of
tAO railroad companies. Tho Assessor. Oi the various
tU at lGs full and tru0 value the
real cstStG held or owned bJ any corporation, ucolU-
rated company, JODtsOck company or eOpartuership,
and railroads At sucn rate per mile ho Statc
Board OF Appraisers stall determine The Assessor,
INSURANCE companies 10 tho city, LOrn
ward whore located, on The valuation OF ther gross
receipts determined 10y Lbo Controller. Section AZ.
Of IS, Of article B. of title =. OF l. OF
RevIEed statute. Is amended to provide
Boards Of supervisors on tbeir examination Uf the
rolls Increase diminish the aggregate
Valuation oi personal az well real estate. Ihs
" take ef. CT September /, 1879.
ALBANY, April 13.-1he bill TO equallze as
Tor the taxation Of property viii he cousil
cred by senate special order Thursday