Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1884-07-03

the transportation Of oil or crude petroleum
shall state the gross amount of its receipts from
The transportation Of oil or petroleum through
It, pipes or iii and BY its tanks or cars in this
state during the same time; each fire, marine
or accident insurance company shall stute the
total amount Of premiums received by it for in
surance upon the lives of persons resident or
property located within this state, during the
same time.
8. And be it enacted, That if any officer Of
any company required by this act to make
return as aforesaid, shall, in such return, make
a false statement he shall be deemed guilty OF
perjury; if any such company shall neglect or
refuse to make such return within the time
limited as aforesaid, the state board of assessors
shall ascertain and fix the amount Of such
re epts in such manner may be deemed by
tner1 most practicable, and the amount fixed
by them shall stand as the basis Of taxation OF
such comp ny under this ac+
4. And be it enacted, That each telegraph,
telephone, cable, and express company shall
pay to the state a tax at the rate of two per
centum upon the gross amount Of its receipts
so returned or aseertained; that each gas com4
pany and electric light company shall pay to
the stat6 tax at the rate f one-half Of one
per centum upon the gross amount If its re-
ceipts so returned or asc trtained, and five per
centum upon the dividends of said company in
excess of four per centum so earned or de-
clared; that each oil or pipe line company shall
pay to the state a tax at the rate Of eght-tenths
of one per centum upon the gross amount of its
receipts SO returned or aseertaiued; that each
insurance company other than life sliall pay 10
the state a tax at the ta1e of one per centum
upon the gross amonflt of its premiums so re-
turned or ascertained; that each life insumnce
company Incorporated under the laws OF this
state shall pay to the state an annual franchise
tax of one per centum upon the amount of its
surplus on the lhirty-fr,t iy Of December
next preceding the TIM. of such payment as
fixed in section five ss the same sh II be asceT-
tanned by the commissioner OF insurance of this
state according TO the actu Ties table of NOR
tall Y, and four per centuln INTEREST," lhat each
life Insurance company not incorporated under
the laws of this state, nd doing business there
in, shall pay to the state an annual tax OF two
percentum on the amount Of pr miums col
lected during the year ending December thirty
FIRST as aforesaid from residents Of tins state,
except on the amount OF premiums collected
from industrial insurance on which amount
each company shall pay to the state an annual
tax of one per centum per annum, deductng
from said premiums the amount of dividend
actually allowed IN rebat- of the same, and the
amount paid during said year 10 residents f
this state for claims under matured policies
the secretary of state acting as the commission
er Of insurance shall ascertain and report tothe
state board OF assessors all the facts necessary
to enable the board TO ascertain and fix the
amount of tax to be paid by life insurance COM
panies under this act; that each parlor, palace
or sleeping car company shall pay to the state
treasurer a tax at the rate of two per centun
upon the gross amount of its receipts 50 re-
turned or ascertained if any oil or
pipe line company has part of its transportation
line in this state and part thereof in another
stare or states, such company shall return
statement Of its gross receipts for transporta-
OF,sI<
gether with statement of the whole length
OF its Iine and the length of its line in this
state; such company shall pay tax to the
aforesaid rate upon such proportion of its said
gross receipts as the length of its line in this
state bears to the whole length of its line; that
all other corporations Incorporated under the
laws of this state, and not herein before pro-
vided for, shall pay yearly license fee on tax
OF one-tenth OF one per cent. on the amount
of the capital stock of such corporatlons; pro-
vided, that this act shall not apply to rail-
way, canal or banking corporations; or to
savings banks cemeteries or reli yious corpora
ons, or purely charitable or educational asso-
Citations, or manufacturing companies or min
ing companies carrying 0 business in this state.
D. And be it enacted, That the state board
of assessors shall certify and report to the
comptroller of the state, on or before the first
Monday of June in each year, statement of
the amount Of gross receipts, MS returned by
each company to, or ascertained by the said
board, and the amount of tax due thereon re-
sp7ctively, at the rate fixed by tins act; such
tax shall thereupon become due and PAYABLE,
and it shall be the duty of the STATE treasurer
to receive the same; if the taxes of any com
pany remain unpaid on the first day Of July,
after the same become due, they shall thence
forth bear interest at the rate of one per centum
for each month until paid; the state board of
assessors shall have power to require OF any
corporation subject to tax under this act, such
information or reports touching the affairs of
such company, may be necessary to carry
out the provisions of this act; and may require
the production of abstracts of the books of such
companies, and may swear and examine wit
ncsses in relation thereto; the comptroller
shall receive as compensation for his services
under this act and under the act entitled can
act for the taxation of railroad and canal pro-
perty,' approved April tenth, eighteen hundred
and eighty-iour, the sum of five hundred dol
lars annually.
6. And be it enacted, That such tax, when
determined, shall be debt due from such com
pany to the state, for which an action at law
may be maintained after The me shall have
been in arrears for the perio1 of one month;
such tax shall also be preferred debt in case
of insolvency.
Z. And be it enacted, That in addition to
other remedies for the collection Of such tax it
shall be lawful for the attorney general, either
of his own motion, or upon the request of the
state compt oller, whenever any tax due under
this act, from any company, shall have re-
mained in arrears for period of three months,
after the same shall have become PAYABLE to
apply to the court Of chancery. by petition in
the name of the state, on five days notice to
such corporation, which notice may be served
in such manner as the chancellor may direct,
aor an injunction to restrain such corporation
from the exercise of any franchise or the tran
saction of any business within this state until
the payment of such tax and interest due there
on, and the costs Of such application, to be
fixed by the chancellor; TIE said court is hereby
au horned TO grant such injunction if a proper
case appear, and upon The granting and service
of such injun ton, it shall not be lawful for
such company thereafter to exercise any fran
ehise or transact any business in this state until
such Injunction be dissolved
s. And be it enacted, That this act shall not
apply to or in any manner affect the tax upon
the premiums obtained in this state by foreign
insurance companies and their agents, which
tax shall be in lieu of the tax herein provided
and shall be collected and distributed as is
specially provided by law in relation thereto.
9. And be it enacted, That ali iss11s iiiid parts
OF acts inconsistent herewith, be and the same
are hereby repealed in so far as the same are
inconsistent herewith
10. And be it enacted, That this act sh Ill
take effect Immediately.
Approved April 49, 1884.
CHAPTER elk
A Further Supplement- to an act entitled "An
act concerning the protection of the public
l. Be it enacted by the Senate and General
Assembly of the State of New Jersey, That in