The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1892-06-27

8. And be it enacted, That al acts and
parts OF acts, general, local or specific, in-
consistent win the provisions of this act
IRE hereby repealed, and that this act
snail take effect immediately.
Approved March II, 1892.
81 CHAPTER LXXVI.
~ Further supplement to an act entitled
"An act to provide for the imposition
OF state taxes upon certain corporations
ana for the collection thereof" APP
proved April eighteenth, one thousand
eight hundred and ~eighty-four.
l. Be it enacted by the Senate aud Gen.
eral Assembly of the State of New Jer-
sey, That the first section of said act be
amended so as to read as follows:
l. Be It e"acted by the Senate and Cen
eral Assembly Of the State of New Jer-
sew, That every telegraph, telephone,
cable or electric light company. every ex-
press company, not owned by a railroad
company and otherwise taxed, every gas
company, palace or parlor or sleeping car
company, every oil or pipe line company.
every life Insurance company Incorporate
ed under the laws Of This state. and every
fire. marine, 1--we stucH, casualty or acct
dent insurance company, doing business
ia this state. except mutual fire insurance
companies which do not issue policies on
the stock plan, shall pay an annual tax,
for the use OF the state, by wav of q
SSho " - ~
hereinafter mentioned; provided, how
ever. thar no company or society shall be
construed to be u life insurance company
doing business in this state within the
puiview OF this act, which by its act or
certificate of incorporation shall have for
its OBJECT the assistance of sick, needy or
di sailed members, the defraytng funeral
expense; of deceased members and to
provide for tbs wants of the widows and
families of members after death.
2. And be tt enacted, That the second
section of said act be amended SO as to
read rs follows:
2. And he it enacted, That on or before
the first Tuesday of May next, and an
nually thereafter, it shall be the duty OF
the president, treasurer or other proper
officer of every corporation of the charac-
ter specified in the preceding section to
make report to the state board of assess
ors appointed and to be appointed under
the act entitled IAN act for the taxation
of railrord nj canal property" stating
specially the following particulars,
namely: each telegraph, telephone, cable
and express company, not owned by n
railroad company and otherwise taxed,
shall state the gross amounto Of its receintS
from business done in this state for the
year preceding the first day of JanCa y
prior to the making of such report: each
gas company and electric light company
shall state the amount of ! . receipts for
light or power supplied within this state
for the year preceding the f1rstdav of Feb
iuary prior to the making OF such report,
aud the amount of dividends declared or
paid DUNG the same time; each parlor,
palace or sleei ing q company shall sta u
tire gross amount OF its receipts for fare
or tolls for transportation of passengers
within this state during the same time:
each oil or pipe line COMPANY eng iged 10
the transportation of oil or cruoe petro-
leum shall stare the gross amount of its
lie eipts from The transportatioI Of oil or
petroleum through its pipes or in and by
its tanks or cars i'll this state during the
same time; each fire, marine, live stock,
casualty or accident ina urance company
snail state the total amount OF premiums
received by 1t for Insurance upon the
lives of persons resident or property To-
Gated within thiss state, during the same
time.
3. And be it enacted, That the third
sec ion OF said act be amended so as to
read as follows:
8. And be it enacted, That If any officer
Of any company required bythis act to
make a re,urn, shall In such return make
a false statement, he 81 oil b. deemed
guilty of perjury; # any such company
shlll negl' ct or refuse 10 make such u
r.turn witaiu the time limited aS afore-
said, the state Board of a Sc ,sors shall
ain aua fix tue mount of the au-
nual llceL Sc, fee or franchise tax and tire
b sis uLon witich the same is determined,
in such manner as may be deemed by
them most prac ic BILE, and the amouuJ
fxt d by them shall stand as suca basis OF
taxation under thi, act.
4. And be 1T enac ed, That the fourth
section of said act be amended 80 as TO
resd us (, llows:
4. And be- it enac' ed. That each tile
graph. tel phone, cable ana express COM
pany shall pay to me state an annual
I no,sa faa ~. 4 - a. nbfkn = - of rho 4 an a Of
Two Der centum upon the gross. amount
of It's receIpts so returned or ascartaiued;
that each gas CONT aly AID electric light
COMPANY shall pay to tbs st lie an annual
license fee or franchise tax at tie
rate of one.half of, one pr centum
upon the geoss 'amoi1nt Of it's re-
ceipts so returned or ascf rlained. and
five per centum upon the dividends
in excess of four per ceutnm so paid or
declared by said company; that eacn oil
or pipe line company shall pay to the
state an annual license fee or franchise
tax at the rate OF eight-teuths Of one per
cantum upon the gross amount OF its re-
CENTS 20 returnet or ascertained; that
each insurance company otner than life
Snail pay to The state an annual license
lee or franchise TAX at the rate of one per
centum upon the gross amount of its
premiums 80 returned or uscertaIned; that
each life Insurance company Incorporated
under the laws of this state shall pRy to
The state an annual license lea or fran
cliisel tax or one per nentuIn upon the
amount of its surplus on the thirty-fiist
day of December next preceding the time
OF such payment "a fixed in section five,
aud i'll addition thereto n further annua
fee or franchise tax If tnirty-five
one-hundredths OF une per centrum upon
the total gross Insurance p emiuns COL
lec,el y.sucE companies of this state
curing tile year ending december thirty
firit next prvc 4ding: provided, that any
taxes. or charges in lieu of taxes, that
may hereafter be collected by this
state frbm life insurance companies
Of other states shall be credited in
of the taxes hereby imposed GU
conn aDies of this stat in propt rtion to
che several amount payable ny the sew
esal COMPANIES Of this state under this
act; The cemGlissioner of bap King and iu-
Shall ascertain aud report to TIE
board OF assessors all facts neces-
TO enable the said board to ascertain
aud fix the amount of taxation to be paid
by life Insurance companies under this
nct, and shall ascertain and report 10 said