Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1882-12-18
Laws Of Vermont.

No. An act to provide nor the payment of
state expenses.
1t is hereby enacted by the Cenera Assembly OF tns
State of Vermont:
SECTION Funds for the payment OF state expenses
shall be raised by direct upon the corporate
franchise or in this state of railroad Insurance.
guarantee express telegraph telephone steamboat car
and trust companies provided in this act
and shall payable in money to the state treasurer for
'-~ COMMISSIONERS OF STATE TAXES
SEC T. The governor, in the year 1882 and Dlenni-
ally thereafter shall appoint with the advice and con-
sent of the senate commissioner OF state taxes whose
term of Office shall commence at the time OF ms appoint
ment and continue until his successor is appointed
Vacancies in such office shall be filled by the governor
He shall report benniaNy the general assembly, and
his report shall be printed with the Vermont state off,
GERS reports Such commissioner shall receive from
the state treasury annual salary of one thousand
dollars and his expenses incurred IN the dis
ohts or rent shall be allowed such officer.
RETURNS.
SIC a The commissioner of state taxes shall send
v mail or otherwise furnish the principal ONCE OF
each corporation company person or persons required
by this act to pay the state and to such agents
make returns to other agents in this state blanks in
tripIicate formulated to require statement OF all
determine the amount of each annual
or semi-annual tax to be paid by such corporation,
company, person or persons
SIC T. Every corporation, company, person or per-
sons required by this pay to the state and
the agents of foreign insurance companies speched IN
the preceding section shall cause such blanks to be
faled with full statement OF all matters therein
required and with full to all interrogatories
therein contained and shall the same to be re-
turned as provided in the following section. Such
blanks so filled out shall be signed and to by the
treasurer cashier chief financial officer OF the cor
poraton, company or by the person or persons making
SEC & Blanks filled out and sworn to as provided
in the preceding section, shall be returned one copy to
the commissioner of state and copy to the
state treasurer annually in the month of February ter
the year terminating with the last day OF December
February and August for the period termi
mating with the last day of December or June next pre-
eg re @ and one be- BY
the corporation company, person or persons making
such returns.
SEC g. At the time of making return the corpora
ton, company, person or persons making the same
except agents of foreign insurance companies, shall
forward to the state the amount of the annual
semi-annual for the period covered by sucn re-
turn Each annual tax due from foreign insurance
treasurer within the time limited by this act
SEC. ?. corporation, company, person or persons
whose duties it is make return to the commissioner
of state taxes who fails do within the time re-
oured by this act shall forfeit the state hundred
dollars for each days neglect to make such return
SEC. 8. A corporation, company, person or persons
tax within the time required by this act shall forfeit
the the one hundred dollars tor each day
neglect to pay the same after the expiration OF the
time limited by law.
SEQ. If a foreign insurance company. or anagent
of foreign insurance company, fails to make return as
required by this act, if foreign insurance company
fails to pay tax to the state as required by this
act the commissioner of state taxes shall notify the
insurance commissioners of this state and such COM
missoners shall thereupon revoke the license of such
company do business this state, and shall revoke
the licenses Of agents of such company in this state
and notice and publication Of such revocation shall be
made in the provided IN case OF revo-
cation under section 3622 OF the revised laws
shall be recovetd with costs in an action OF debt
broughtjn the name OF the state. The commissioner
of state taxes shall such suits to be Instituted
within thirty days after default in making return
paying tax. The amount of penalties accrued up tc
the time of trial may be recovered in such suit But
the commissioner satisfied that default owing to
the failure receive blanks other unavoidable cause
he may remit the penalties accrued and extend the
time for making the return or paying tax not exceed
ing thirty days.
SEC. II. Every corporation, person or persons own
ing or operating railroad in this state whether a
owner lessee receiver otherwise shall pay
tax to the the entire gross earnings of sucf
railroad if such railroad situated wholly within thu
state. If such railroad is situated partly within ant
partly without the state the tax shall be upon suc
proportion of the entire gross earnings of such railroad
the mileage OF trains run in this state bears to tn
mileage of all the trains on the entire main line
SEC r. The tax upon such earnings shall be rate.
according the earnings per mile of road in this state
and is hereby assessed at the rate OF two per cent
the first two thousand dollars mile total earn
ngs less than that sum- at the rate of three per
the first thousand or part thereof above two thou
sand dollars mile; the rate of four per cent on tn
first thousand thereof above three thousand dol
lars mile; and when the earnings exceed four thous
sand dollars mile, at the the rate OF hve per cent o.
all earnings above that sum.
SEC. 10. Such tax shall be payable one-half semi
annually in the months of February and August an
shall be based upon the gross earnings during the s
months terminating with the last day of December
June next preceding.
corporation, person persons by virtue of lease
other contract the aforesaid shall be paid by tn
lessee of such railroad holder of such contract as tn
may be- and the said tax shall be charged agains
and deducted from any payments due or to become du
the lessor of such railroad or person. persons or cor
poration granting such contract, the may be
of such lease contract unless in the pro
visions of such lease contract is stipulated other
wise.
INSURANCE COMPANIES.
SEC. IS. Every home or foreign insurance compan
association doing inSur business in this STATE
guarantee company doing business in this state
shall pay the state, which is hereby assessed
the rate of two per cent per annum the gross amour
of premiums and collected in their bushes
in this state. Such tax shall be payable annually
the month of February, and shall be based upon tn
business of such company during the year termAatin
with the last day of December next preceding.
SEC. 10. Every life insurance company incorporate
by this SHALL in addition to the tax assessed
the preceding section pay tax to the state which
hereby assessed at the rate of one-half of one pr
sary computed at four per cent all existn
policies. The value of the real estate owned by sue
insurance company shall be deducted from the surplu
Such shall be payable annually as provided in Il
preceding section.
SEC ~ In determining the amount of tax
assessed under the provisions of section fifteen the
shall be deducted from the full amount of premium
and assessments, unused balances on notes taken f
premiums open policies all sums paid for retu
premiums cancelled policies, dividends to poit
holders, and actually paid to other insuran
companies incorporated under the laws of the state,
to the agents within this state of foreign companies
Reinsurance risks for which tax on the premiu
would be due had no Reinsurance been effected. Pr
vided, that nothing in this section shall be so CO
strued as to allow dividends in scrip or otherwise
stock mutual mixed companies to be consider
return premiums.
SAVINGS BANKS, SAVINGS INSTITUTIONS AND TRUST co
Sec. 10. Every savings bank and savings Institute
incorporated by this state and doing business here
shall pay to the state which hereby assessed
the rate of onehaf of one per cent annually upon
average of its deposits and accumulations,
Quoting therefrom the average amount of its assets
vested real estate owned by such corporation and al
amount If any, of individual deposits in excess of
teen hundred dollars each, listed to depositors in tow
in this state where such depositors reside.
and trust company" Incorporated by this state a
doing business herein shall pay tax to the sta
annuallv unon the AVERAGE amount of its deposits
GLIDING money or securities received as trustee unc
order of court otherwise, deductng therefrom su
percentage such institution pays to the Unit
States government so long such tax is paid, and a
the average amount of its assets invested in real est
owned by such corporation and also amount if any,
indiyd dual deposits in of fifteen hundred doll
EACH listed to depositors in towns in this state VIII
such depostors reside.
SEC. 20. The assessed by the two preceding S
tons shall be payable one-half semi-annualiy in
months of February and August. and shall be ba:
upon the average amount of its deposits and accun
lations in case of savings banks, and the avers
amount of its deposits in case of trust companies
months terminating with the last day of December
June next preceding. No other tax SHAH be asses
on such deposits accumulatiShs in case of saviI
banks or on such deposits in case of trust compan
and savings banks and trust companies, or agai
the depositors account thereof, except individ
deposits exceeding in the aggregate fifteen humid
dollars
EXPRESS, TELEGRAPH AND TELEPHONE COMPANIES
SEC a. Every corporation, joint stock compa
person or persons doing express business in this st
shall pay tax the state which is hereby assessed
the rate of three per cent annually on the gross
CENTS of their business transacted in this state
SEC a. Every corporation, joint stock compa
person or persons doing telegraph business in
state shall pay a tax the state which is her
assessed at the rate of three per cent annually
gross receipts of their business transacted in
state.
person or persons doing telephone business iE
state, shall pay tax to the state which is her
assessed at the rate OF three per ceAt annually on
gross receipts of all their business in this state, incl
inp sums received for rental of instruments.
there shall be deducted from such gross receipts
amount paid by such corporation, company or pers
to any telegraph company with whom they are