Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1882-12-13
Laws of Vermont.

"a 40
Public Aets designated for publication in n
newspapers by he Secretary of STATE.
No AN act to provide Tor the payment q
i, is hereby enacted by the General Assemble ., -
State Of Vermont: VI vi
SECTION 1. Funds for the payment of state s,o.,so
shall be raised by direct state taxes unon he Aonse
franchise business in this state Of rajrosd a
eu1rantee, express telegraph telephone steamboat ca
ana transportation companies, savings banks Sav,n,r
institutions and trust companies as provided r.; H.;
and shall be payable in money the state treasurer To-
COMMISSIONERS OF srArs TAXES
Stt 2 Inc governor in the year 1882 and bienni
any thereafter shall appoint with the advice and con
sent of the senate, commissioner Of stare n We, S
term OF office shall commence the time of his
ment and continue until his successor Is an,,tt,t
Vacancies in such office shall be filled bv The pPoeu
lie shall report bienniay the general asse5bi, III
ms report shal De printed with the Vermont state Off
GERS reports Such commissioner shall receive from,
me state treasury an annual salary of one tbousand
uoafs ana ms necessary expenses incurred in the dis
charge OF his duties; but account for clerk hire fi
hehis or rent shall be allowed to such officer
RETURNS.
oeC. 3 Inc commissioner of state taxes shall Se,d
by mall or otherwise furnish to the princina or ~
eAc corporation, company, person persons required
oy his act to pay tax to the state and to such
in this state of foreign insurance COMPANIES a. nus
make returns to other agents in this state banks T.;
Up, s SO ,o'nuiated as to require statement of all
facts necessary TO determine the each annual
OF seml-ahhua tax to be paid by such corporation
company, person or persons "'''i
SEC 4. Every corporation comn,nv ro-.,- - -
sons required by this to pay tax to The State pa
the agents OF foreign insurance companies Specified in
me preceding section, shall cause such banks ~ h
hied out with full statement OF all matters tber.i
required and with full answers to all nerropatores
therein contained and shall cause the same ~ he ~
turned as provided in the following section Sncb
blanks so hled out shall be signed and sworn 10 nv Tho
treasurer, cashier, chief financial ocer ~ ,b e
poraon, company or by the person or persons MAKING
the return. f'' '"N'hs
SEC s. Blanks filled out and sworn ., &c ,,-e.,.,.,
10 the preceding section, shall be returned one copv IN
the commissioner of state taxes and one cony ~ ,bo
,%e treasuIer annually in the month of February Tor
next preceding or sem-annually in the months of
February and August for the semi-annuai period n 1n
nang with the last day of December June next pre
eeuns' respectively according to the subsequent pro-
visions OF this act and one copy shall be retained bv
inc corporation company, person or persons making
such returns.
PAYMENT OF TAX.
SEC 3. At the time OF making return the CORPORA
ton, company, person persons making the same
except agents Of foreign insurance companies shall
forward to the state the amount Of the annual
OF sehl1annua TAX Tor the period covered by such re-
turn Each annual tax due from foreign insnranre
companies shall be paid by such company to the state
treasurer within the time limited by this act.
PENALTIES.
SEC. 7. A corporation, company person or persons
whose duties it is to make return to the commssioonp
OF state taxes who fails TO do so within The time re
CURED by this shall forfeit to the state one bunded
dollars for each day neglect to make such return.
, PIC. o. corporation, company, person or person.
failing TO pay the amount of any annual or semiannnaI
TAX within the time required by this act shall forfeit to
Inc state the sum or hundred dollars for each DAYS
time limited by law 'p'"''0" u inc
v,
OF foreign insurance company, fails make return as
required by this act if foreign insurance comnanv
lalls to pay tax to the state as required nv his
act inc commissioner OF state shall notify the
insurance commissioners OF this state and such com,
missoners shall thereupon revoke the license of such
company 10 40 business in this state and shall revoke
the licenses of all agents of such company in this state
and notice and publication of such revocation shall be
made in the same manner provided in case of a rcyo
cation under section 3622 OF the revised laws
SEC; TO- Taxes and penalties imposed by this act
shall be recovered with costs in an action of debt
piOuBnl III the name oil the state The
OF state taNes shall cause such suits be instituted
paying tax The amount OF penalties accrued up to
the time of trial may be recovered in such suit But If
the failure to receive blanks other unavoidable cause
he may remit the penalties accrued and extend the
time Tor making the return paying exceed
ing thirty days.
RAILROADS.
SEC II. Every corporation, person or persons
ing or operating a railroad in this whether as
owner, lessee receiver otherwise shall pay
tax to the state on the entire gross earnings of such
railroad, If such railroad situated wholly within the
state II such railroad is situated partly within and
partly without the the shall be upon such
proportion OF the entire gross earnings of such railroad
as the mileage of trains in this state bears to the
mileage OF all the trains run the entire line of
the road :
Sac. The tax upon such earnings shall be rated
according 10 the earnings per mile OF road in this state
and IS hereby assessed at the rate OF per cent on
the hrst two thousand dollars a mile or total earn
ngs II less than that sum; the of three per cent
on the hTst thousand or part thereof above thou
SAND dollars mile at the rate OF four per on the
first thousand part thereof above three thousand dol
lars mile; and when the earnings exceed four tbous-
sand dollars mile at the the rate Of five er cent 90
all earnings above that sum T
SEC. -. Such tax shall be payable one-haf semi
annually IN the months OF February and August and c
shall be based upon the gross earnings during the sx
months terminating with the last day Of December or
June next preceding.
corporation person or persons by virtue OF lease or
other contract the aforesaid shall be paid by the
lessee OF such railroad holder OF such contract as the
case may be- and the said tax shall be charged against
and deducted from any payments due become due
me lessor OF such railroad or person, persons
porauon granting such contract as the may be
on OF such lease or conract unless in the
wise il
INSURANCE COMPANIES m
Shc IS. Every home or foreign insurance company "
)r association doing insurance business in this state
Or guarantee company doing business in this state
shall pay tax to the state which hereby assessed at
he rate OF per per annum on the gross a,
II premiums and collected in their business al
inns state Such tax shall be payable annually in hi
ne month OF February, and shall be based upon the tn
BUSINESS OF such company during the year terminating
win the last day of December preceding.
SEC 10 Every life insurance company incorporated
y TINS state shall in addition to the assessed by
he preceding section, pay the state which is ar
ereoy assessed at the rate Of onehalf of per in
ocies The value Of the real owned by such be
lsurance company shall be deducted from the surplus
UGH tax Shall be payable annually as provided in the hi
receding section. sa
SEC, y. In determining the amount of tax to be in
ssesssd under the provisions of section fifteen there
nall be deducted from the full amount of premiums its
nd assessments, unused balances notes taken for in
rcmluns on open policies all sums paid for return
remtums on cancelled policies, dividends policy fo
oders, and actually paid to other insurance of
nnpanes Incorporated under the laws of the state or re-
the agents within this state of foreign companies for ov
,insurance risks, for which on the premium to
ould be due had reinsurance been effected Pro de
ded that nothing in this section shall be so con- VI
rued as to allow dividends in scrip otherwise in int
ock, mutual or mixed companies to be considered tn,
turn premiums. All
WINGS BANKS, SAVINGS INSTITUTIONS TRUST COM
10y
q Eye yiprs hank pd
corporated by this state and doing business herein s
all pay tax to the state which is hereby at
Of one-halt of per cent annually upon the she
'erage amount OF its deposits and accumulaons de- on
ictng therefrom the average amount of its
sted in real owned by such corporation also
Mount any, OF individual deposits in excess OF If
hundred dollars each listed to depositors in
this state where such depostors reside ere
SIC. 10. Every trust company and savings bank
I'd trust company incorporated by this state and tax
,ng business herein shall pay tax to the state, ant
hch is hereby assessed at the rate of one per cent
nuay upon the average amount of its deposits pri
udng money securities received trustee under
der OF otherwise, deductng theretrom such
rcentage such institution pays to the United
ates government SO long as such tax paid and also
vned BY such corporation and also amount any of dis
div dual deposits in excess of fifteen hundred dollars
CHI listed TO depostors in towns in this state where pre-
CHI depositors reside. of
SEC no.. The assessed by the preceding
ms shall be payable one-half semi annually in the
onths Of February and August and shall be based eac
ION the average amount of its deposits and to
lions in case of savings banks, and the average rea
lount OF its deposits of trust companies and
savings banks and trust companies. during the six
Jnths terminating with the last day OF December or
ne next preceding No other shall be assessed ests
such deposits accumulaons in of savings sha
nks or such deposits in of trust companies by
d savings banks and companies, against SON
E depostors on thereof, except individual up
posts exceeding in the aggregate fifteen hundred rog
liars. scri
EXPRESS, TELEGRAPH AND TELEPHONE COMPANIES. den
SEC a. Every corporation, Joint stock company, the
rson or persons doing express business in this wr
all pay the which is hereby assessed at the
rate of three per annually the gross pay
pts of their business transacted in this state forN
Sac A. Every corporation, Joint stock company tive
rson or persons doing telegraph business in this
te shall pay tax TO the state which is hereby iste
essed al the rate of three per cent annually the s.
1ss receipts of their business transacted in this it
tie. . pro-
SIC a. Every corporation, joint stock company sha
req, or persons doing telephone business IT, this prir
,rb 20 ht Ifr1ie