The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-05-21

state a tax at the rate OF one-half Of one
per ceutnm upon the gross amount or its
receipts 80 returned or ascertaiued. and
i've Der centuru upon the dividends o,
said company IN excess OF four per centum
so earned or deci tred. m each oil or
pipe line company shall pay 10 the state
a tax AT the rate Of e~Ight-fenths
Of Oae per centum upon the gross
amount OF its receipts 50 returned or as
certained. that each insurance. company
other than life shall pay to the state q
tax a. the rate OF one per centum upon
the gross amount Of its premiums so re-
turned or ascsrfained. that each LIE in-
Eurauce mpaD Incorporated under the
laws OF this state hall pay TO the state an
annual franchise tax OF a per csntuu
upon the amount Of its surDins on the
thirty-frst day OF December next proceed
ing the time Of such payment as iixed in
section i've. as the same shall be a9cer-
taiued By the commissioner OF insurance
Of this state. according TO the a~ctuaries'
table Of mortality. ana Jour per cenrum
interest; that each LIE Insurance COM
pany not Incorporated under the laws Of
his state. or OF any other state or terri
tory OF the Caited states. but doing bush
ness in this state, snail pay 70 the state
an annual tax IT two per centum on the
amount of premiums collected during the
year ending Decslnber thirty-d first as
aforesaid, from residents OF this state.
except o. the 0 OF premiums col
lected from industrial insurance., on
wnlch auI0un each company shall pay to
The State an anuu j tax Of a per ceatum
per mum ~deducttng flota said prem
iums the amount OF dividends actusliy
Allowed Ia rebate OF the same, and the
nmouns paid during said year to residents
of this state for claims under matured
policies the secretary u state. acting as
the commissioner OF insurance. shall as
certain aud report to the state board OF
49,
the board 10 ascertlin aud lis the aru0un
OF tax TO be raid by life insurance COM
paales under his act; hat each
parior, paiace OK sleeping car coEn-
pany shall pay TO the state treasurer a
tax at the rate OF two per centum upon
the gross amount OF US receipts so re-
turned OF ascertaiued. IL any oil or pipe
liHe company has part of its transDorta-
ton Iine in this stale and part thereof in
another sta.e or states, such company
shaft return q statement OF It's gross 70
ceipts for transportation OF OIL o. petro-
leum over is whole line. together with a
statement OF its whole length OK line and
the Ieagth OF rs Iine IN this sfate: such
company snail pay iax 70 the state at the
aforesaid rate hp3n such proportion OF It's
cross receipts as Tie length OF its line in
this stats bears 10 the wA0le leugth of it,
lire; thai ali other corporations incor-
pO-atea under he laws u this state and
not EeraiBi,efsre provided for shalt pay a
yearly Tax NJ ane-t utii OF one Der cenrufn
on all iuaHL IL cabiG4s stock issued and
o..=ssssinS tfl Ia AID Including the sun
OF three million dOttir-; on all sums OF
capital stock issued an { outstanding over
thres miiliou dsllar- and not exceeding
five million dollars, a yearly tax Of one
twenfieth Of one per cehtuni, and the
farfher sur of 1fty dolls-s per annum
per one niiliun dollars, or aay
part thereof, on all hm0nnts of capital
stocK issued and outstanding In excess
of five million dollars: provided. that this
net snail not apply u railway, canal or
banking corporations. or TO savings
banks, cemeteries or religious corpora
tiOns, or 10 purely charitable or educa-
tionH1 associations. or manufacturing OF
mining corporations 1T least fifty per
cenfum Of whose capital stock issued and
outstanding Is invested in mining or
manufacturing carried on within his
state: IL any Misunderstanding or mining
company carrying on business ia this
state shall have less than ffty per cenrum
OF Its capital stock issued and outstand
IN this state. sach company snail pay the
tax herein provided Tor companies not
carrying on business Ia this state. but
shall be entitled. in the computation of
such tax, TO a deduction from the amount
of It's CAPITAL stock of the assessed value
of it's real aud personal estats so used in
manufacturing or min ng.
Q And be IL enacted. Tnat tails act
shall lake effect Immediately.
Approved March IL, 1891.