The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-02-14

The Hill Drafted By the sub-Csmmissee
Of the Finance Comuaisfee Of the Leg
f~lag1re

Inc ELL drafted 0y the SuO~00msmht&ee
efshe Finance Comuaistee OF Leg
fxlasare
A BILL TO BE ENTITLED AN
ACT TO PRODUCE ADDITIONAL
REVENUE TO THE STATE"
h General Assembly Of North Caro-
lima do Enact:
Section /. That there shall be levied
n collected annually a tax on the
gross earnings OF all railroad compa-
MES doing business in the state or
North Carolina at a rate hereinafter
set forth. which tax hall be applied
to the various purposes of public ex-
penditure. Whenever any railroad
shall be operated partly in this state
and partly without the state. the tax
hereinafter specified shall be upon the
gross earnings on local business don
within lie state, and on the pro rata
part the business proportionate to
the p4ft OF the business done without
the state.
Sec. 2. The tax on the gross earnings
Of all railroads or railroad companies
shall be as follows:
On railroads who's annual gross
earnings amount TO ST. 600 per mile. or
less, a TAX or One-nalr or one per cent
on the gross earnings.
On all railroads whose annual gross
earnings are more than 81, 900 and less
than 1850 per mile. a tax of three
fourths of n per cent. on the gross
earnings.
On all railroads whose annual gross
earnings are as much as 81. 500 per mile
and less than 81, 900 per mile, a tax OF
] per cent. on the gross earnings.
On all railroads uhnSa animal evrnSQ
earnings are as nue. as $1,000 per
mile and less than s., 500 per mile, a
tax OF IA per cent. on the gross earn
ings.
On all railroads whose annual gross
earnings are as much as s., 500 per mile
the gross earnings of liz per cent.
On all railroads whose annual gross
earnings are as much as $4,000 per
mile and less than SO, 500 per mile, a
tax of ia per cent. on the gross earn
ings.
On all railroads whose annual gross
earnings are as much as $500 per
mile and less than $4,000 per mile, a
tax Of 2 per cent. on the gross earn
ings.
On all railroads whose annual gross
earnings are as much as 81, 1000 per
mile and less than 81, 500 per mile, a
tax of "a per cent on the gross earn
ings.
On all railroads whose annual gross
earnings are as much as $4,000 per
mile and less than $4,000 per mile, a
tax on the gross earnings of 2h per
cent.
On all railroads who's annual gross
earnings are as much as $1,000 per mile
and less than $500 per mile, a tax of
"a per cent. on the gross earnings.
On all railroads whose annual gross
gross earnings are as much as S. 800
per mile and less han $4,000 per mile,
a tax of 3 per cent on the gross earn
ings.-
On all railroads who's annual gross
earnings amount to 5000 or more per
mile, a tax of 81 per cent. on the gross
earnings.
Section 8. The tax on gross earnings
specified in the preceding section shall
be paid semi-annually upon the first
days of July and January, and this
act shall apply to the six months pre-
ceding the first day of July 1899; and
for h purpose of ascertaining the
amount of the same it shall be the
duty of the treasurer, OF other proper
ieofficer, of each and every railroad
company conducting business in this
state, or partly within and partly with
out the state, to render to the treas
urer of the state, under oath or affir-
nation, a statement Of the amount Of
| gross earnings of each railroad COM
| pany for the preceding six months;
and if any railroad company shall re-
fuse or fail for a period of thirty days
after such tax becomes due to make,
through the proper officers, returns or
to pay the same, the amount thereof,
as near as can be ascertained by the
state treasurer, with an addition of 10
per centum thereto, shall be collected
for the use of the state.
| Sec. 4. That all avs and parts of
laws in conflict with this act are here
by repealed.
! Sec. 5. That this act shall be in force
| from and after it's ratification.