Evening journal., 1899-03-20
AN ACT TO RAISE REVENUE FOR
THE STATE.

BE II enacted by the Senate and House
OF Representatives Of the State OF
Delaware In General Assembly met
with the concurrence Of two-thiris Of
all the members elected TO each
House Of the General Assembly:
SECTION 1. That every telegraph. tel.
ephone, cable or electric light company
or company organized for the dstribu-
tion OF electricity, heat or power. or or
distributing steam, heat or power. every
express company, not owned by q rail-
road company and not otherwise taxed,
| every company organized for the purpose
Of the production, distribution, or sale OF
gas. every parlor, palace, or sleeping car
company, every oil or pipe line company.
every life insurance company. every IRE.
marine, live stock, casualty or accident
| insurance company. except mutual fire
insurance companies which do not issue
policies on the stock plan, hereafter lh-
corporated under the laws Of this state,
shall pay an annual tax, for the use OF
/ the State by way Of a license for It's cor
porate franchise as hereinafter mentlon-
ed provided, however that no company
/ or society shall be construed TO be a lie
Insurance company within the purview
Of this Act, which, by IT'S certificate OF
Incorporation shall have for its object,
the assistance of sick, needy or disabled
members, the delaying of funeral eN-
penses OF deceased members, or TO pro-
|
| families OF members after death.
SECTION ?. That on or before the FIRST
/ Tuesday OF January next and annually
/ thereafter II shall be the duty OF the
president. treasurer or other proper oifl-
| Ger OF every corporation hereafter incor-
porated OF the character specified In thd
preceding Section, TO make report to the
/ Secretary OF State, stating specifically
the following particulars, namely; Each
telegraph telephone, cable or express
company not owned by railroad com
pany and not otherwise taxed, shall state
the gross amount OF It's receiuts from
business done In this State for the year
the gross amount Of its receipts from
gas company and electric light company
shall state the amount OF lts receipts Tor
light or power supplied within this State
i for the year preceding the making OF each
/ report, and the amount OF dividends de-
clared or paid during the same time; each
company organized for the distribution OF
heat or power or organized for the pur-
/ pose OF producing or distributing steam
| heat or power shall state the amount OF
| its receipts for the distribution OF heat OF
power or for the production or distrlbu-
| lion Of steam. heat or power within this
| state for the year preceding the making
Il Of such report. and the amount OF dlNl-
dends declared or paid during the same
| time. each parlOr, palace or sleeping car
company shall state the gross amount OF
| Its receipts for fare or tolls Tor trans
| portation OF passengers within TINS state
! during the same time each oil or pipe
line company engaged in the transporta-
ton OF oil or crude petroleum shall state
the gross amount Of Its receipts from the
| transportation OF oil or peuOieuh
through It's pipes or In and by Us tanks
| or cars In this State during the same
time: each fire, marine live stock, casu.
atty or accident insurance company shah
state the total amount OF premiums re-
ceived by Il for Insurance upon the hNes
Of persons resident or property located
rrtflfo this State during the same time.
SECTION 3. II any officer OF any corpo-
ration required by this Act 10 make q re-
turn to the Secretary of State, shall, IN
such return, make any false statement
| ne shall be deemed guilty OF perjury II
lany such corporation shall neglect or re-
fuse to make such return within the TIN,
limited as aforesaid the secretary OF
State shall ascertain and fix the amount
: Of the annual license Zee or franchlse TAX
and the basis upon which the same Is de
termined. In such manner as may %
deemed by him most practicable, ana tn'
amount so fixed by him shall stand al
such basis of taxation under this Act
SECTION g. That each telegraph, tele
z phone cable and express corporation
I shall pay to the State Treasurer for th'
. use of the State, an annual license fee Of
I franchise tax al the rate OF one Pc
centum upon the gross amount or lts re
- ceipts 80 returned or ascertained' ina
D each corporation organized for the dis
: tribution of electricity. heat or power o.
4 organized for the purpose OF producing
e or distributing steam, heat or power;
e organized for the purpose or the produc
. tion. distribution. OF sale OF gas shall pa
+ TO the State Treasurer, for the use or IN
State, annual license fee or franchise tai
7 at the rate OF two-fituhs OF oneper centuu
3 upon the gross amount OF It's receipts 81
n returned or asccrtalned, and -FOUR pc
centum upon the dividends In excess o
four per centum 50 paid OF declared p'
any such corporationi that each OIL o
!, pipe line corporation shall pay 70 tl
: | State Treasurer, for the use OF the state
. an annual license fee or franchise tax a
. the rate Of three-htths OF one per centun
Il a fine not exceeding one thousana uollars
n / upon the gross amount OF IT'S recellfls =
= returned or ascertained. that each insui
: ance company other than life shall pa
n 10 the state Treasurer for the use OF tn
N State, an annual license Zee OF lrancnls
n tax at the rate of three-fourths or on
a per centum upon the gross amount OF II
premiums 80 returned or ascertanec
that each life insurance company sha
pay to the State Treasurer, for the US
OF the State annual license fee or frar
II chise tax Of three-fourths OF one pc
Is centum upon the amount Of its surplu
E on the thirty-first day Of December nes
3, preceding as fixed by Section OF III
IS Act, and in addition thereto, a furths
+ annual license fee or franchise tax {
n thirty-one hundredths OF one per centui
n upon the total gross insurance premium
> / tyIlet-te0 nl Fucu fuAA'dHlto hNAihb -
% year ending the thirty-iirst OF Decemb'
p next preceding; the Insurance Commi
~ sioner Of this State shall ascertain an
I, report TO the Secretary OF State all fac
!, necessary to enable the said Secretary
IS State to ascertain and fix the amount
q taxation TO be paid by life insurance con
% panies under this Act and shall also ce
~ tify TO each OF said companies the amour
y OF such taxation under this Act, IN
l. each parlor. palace, or sleepinS car co
& poration shall pay to the State Treasure
= for the use Of the State. an annual licen'
q fee or franchise tax at the rate OF OF
IN and Onelhalf per centum upon the gro
H. amount OF Its receipts as returned or a
~ certained: II any oil or pipe line corpor
y ton has part OF Its transportation line
y. this State and part thereof IN anoth
y State or other States, such corporate,
! shall return a statement OF its gross T
n, ceipts for transportation OF OH or petrt
~ cum over IT'S whole line, together with
,li statement of the whole length OF It's lif
= and the length of its line In this Stat
a such corporation shall pay an annual
n cense fee or franchise tax to the sta
- ~ Treasurer, for the use Of the State, at {
~ aforesaid rate upon such proportion OF
?" said gross receipts as the length OF
4, line Ia this State bears TO the who
~ length OF Its line; that an other corpor
OF tions hereafter Incorporated under I
~ laws OF this State, and not hereinbefo
W. provided for shall make, on or before 1
~ | first Tuesday OF January next and ann
Ut ally thereafter, return to the Secreta
OF state of such information as may
a.