New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-05-22

are required 10 pay amount equal 20 the excess
/ OF such dividend over per cent.
SOUTH cARoLINA.-An real and personal prop
ery Is subject IN taxation where located and GER
tain municipal corporations also authorized to
impose license fee
SOUTH DAKOTA--Resl and personal property are
taxable s The personal property IN the place where
tracks Of street railway company are held 70 be
and county purposes Is limited by the Constitution.
TENNEssEE-street railways are taxed on the
full value OF their capital stock. together with the
actual value OF their indebtedness; and privilege
streets which is fixed for street-ralway companies
at $50 year In cities or towns Of 5000 inhabitants
at $50 I'm cities from 5000 10 30 900.
and at 80 year where the population IL under
5000. The consent Of the local authorities must
first be obtained before using the streets and may
be granted under such rules and regulations as may
be deemed Just and such charges are exacted as
the cities may be able 10 obtain.
TEXAs.-The tax real and personal property
is the same az that on property In the hands OF
private holders and the tax FOR any purpose is linn
hands OF holders. The Of the streets must be
granted by the local authorities. and cities and
towns may regulate the service and rates TO be
charged and may also require the payment OF a
tax FOR the privilege Of doing business They may
money or in some other way. for the Of the
streets
UTAH:-Thes property Of the company is taxed
granted.
VERMONT-The tangible property Of companies
Is taxed where situs ted and the stock Is taxed in
the hands OF the owners In determining the value OF
the stock the value OF the tangible properly 10
DEDUCTED and only the remainder taxed
for State purposes where located and the stock OF
the companies Is also taxed In the case OF street
railways local taxation Is usually imposed In the
form OF percentage gross receipts in lieu OF
all other taxes excepting such special license
taxes as may have been imposed
wAsHINGTON.-Rea and personal property is
assessed where located, and stock is taxed in the
hands Of the holders personal property.
WEST VIRGINIA-Keal estate Is taxed where
loca ted and the actual value of the capital Invested
in personal property is determined by taking the
aggregate value ~ all such property, including
money and credits. and deducting theretrom the
debts and the difference is taxed where the prn-
cipal business Office is located. The rate OF taxa
ton Is limited by statute
WISCONSIN.-In lieu Of all and licenses .
tax is assessed the gross receipts at the rate OF
IA cent earnings less than $4,000 per annum.
and 2l1 per cent on the excess up 10 $4,000 on
companies earning more than $4,000 per annum the
rate Is per cent the first $4,000 and per cent
the excess. The tax is TO be divided among the
towns in which the company operates. on the basis
OF the mileage located In each town. When a COM
pany desires a franchise In any town. the local
authorities shall draw up statement Of the terms
and conditions which such road shall be operaf-
ed Including the rates OF fare. and shall invite pro-
posas for the purchase Of such franchises on these
terms and conditions payment TO be certain per
centage Of the gross earnings, and the franchise
shall be awarded 10 the company bidding The high
est percentage. In the case Of extensions OF rail-
roads already In existence. sum, 70 be paid
annually. shall be bid in lieu OF a percentage OF the
gross earnings.
NORTH CAROLINA.-Real and personal prop
erty is taxed where. located. and a company Is
allowed deduct It's debts from its solvent credits
and is liable to taxation only on the balance.