St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1882-12-08

ssiv. ssns Or ssssr AND sassas he
time for nj king return or paying tax not
ing thirty days ..uxo.Ds
Sac n Every cooperation Person o. ther as
49, =. - rss-eiver trustee Otherwise, shall pay
ne state 90 sns sns ssess Wholly within
state II such railroad IS situated Party wo on such
Ploporon entire ear9inss Of such aI 10 ee
mileage of ali the trains run on the en''re man ne
Sac "a The tax upon such earnings shall be rated
according the earnings Per e II two per cent on
The rst two thousand dollars mile or total earn,
@ss s ss s soa i or Pir1
sand dollars or @ psir a ss ere DOT
ar a5Iss mile the the rate of i've per cent on
al earnings above that sum. l.
SIC. IA. Such tax shall be payable one-hah semi
annually in the months Of February and August and
shall be based upon the gross earnings during the six
june -,
Ps5son or persons Sy virtue OF ease or
lessee OF such railroad holder contract The
may be; and the said shall be charged against
and deducted from any payments due to become due
lessor Of such railroad person. persons
poraton granting such contract as the case may be,
visions Of such lease is stipulated other
wise.
INSURANCE
SEC. IS Every home or foreign insurance company
or association doing insurance business in this state
shall paw tax 10 the state which hereby assessed at
the Of per annum the gross amount
premiums and collected in their business
in this state Such shall be payable annually in
the month Of February and shall be based upon the
business Of such company during the terminating
with the last day Of December next preceding.
Sac. 10. Every life insurance company incorporated
by this shall in addition to the tax assessed BY
the preceding section. pay the which is
hereby assessed the rate Of one-half of one per
annually all surplus and above the neces
sary reserve computed four per all existing
policies. The value of the real estate owned BY such
insurance company shall be deducted from the surplus
Such shall be payable annually as provided in the
preceding section.
Sac. ~ In determining the amount OF tax 10 be
assessed under the provisions Of section fifteen there
shall be deducted from The inlI amount o. premiums
premiums on open policies, all sums paid Tor return
bohders, and actually paid to other insurance
companies incorporated under the laws of the state
Reinsurance risks. for which a tax the premium
would be due had Reinsurance been effected. Pro-
strued to allow dividends in scrip otherwise in
stock, mutual or mixed companies to be considered
return premiums
SAVINGS BANKS, SAVINGS INSTITUTIONS COM
SEC 49, Every savings bank and savings institution
incorporated by this and doing business herein
shall pay tax to the state which hereby assessed at
the rate OF one-half Of per annually upon the
average amount of its deposits and accumulatons, de-
vested owned by such corporation and also
# any, OF individual deposits in excess of If
teen hundred dollars each listed depositors
in this state where such depositors reside
SEC. I9. Every trust company and savings bank
and trust company Incorporated by this state and
which hereby assessed the rate of one per cent
annually upon the average amount Of its deposits, in
GLIDING money securities received as trustee under
otherwise, deducting therefrom such
nercentage as such institution paws to the United
States government long such tax is paid and also
average amount OF its assets invested in real estate
owned by such corporation, and also amount if any of
individual deposits in of fifteen hundred dollars
each listed depositors in in this where
such depositors reside.
SKc The tax assessed by the two preceding sec
lions shall be payable one-haf semi-annualy in the
months Of February and August and shall be based
upon the amount of It's deposits and accumu-