Evening journal., 1899-03-09
FOR STATE REVENUE.
Substitute for House Bill Tax
ing Certain Corporations.
TEXT OF THE AMENDMENTS

TORNEY- GENERAL MAY APPLY
TO THE CHANCELLOR FOR AN
INJUNuTGCN ITO RESTRAIN "A
CORPORATION. WHICH Is IN AIR
REARs, FROM TINE TRAINS
ACTION OF BUSINESS.
Dover. March s.-The House commit
tee rep. rted the following substitute
for the House bill to raise revenue for
the state by taxing certain corpora
tions;
Section /. That every Telegraph.
telephone, cable or electric light COM
pany, or company organlzedfor the dis
uibutlon Of electricity, heat or power,
or organized for the purpose Of pro-
ducng or distributing steam, heat or
power. every expreeJ company, not
owned by a railroad company and not
otherwise taxed. every company or
ganized for the purpcee Of the produc-
don. distribution, or sale Of gas, every
par.or, palace. or sleeping car COM
pany, every oil or pipe line Company
syeiy life insurance company
every fire. marine, live stock, casualty
or accident insurance company. ex-
lcept mutual fire insurance companies
which do not issue policies on the
s.cek pan, hereafter Incorporated un-
der the laws Of this state, shall pay
an annual tax, for the use Of the statf
by way CT a license for its corporat,
franbh.se as hereinafter mentidned,
provided, however, that no compauy
or society shall be construed to be q
lie insurance company within the pur-
view Of this act, which. by its certifl
cate Of incorporation shall have r-r III
object. the assistance OF sick, needy Of
disabled members, the defraying Of fu
neral expenses Of deceased members
or to provide for the wants ef tbs
widows and families Of members aftet
death.
Section ?. That on or before tn
first Tuesday Of January next and an
nually thereafter, it shall be the dut!
OF the president treasurer or othe
proper officer OF every corporation
Hereafter specified in the preceding sec
ton, to make report to the secretar,
II state, stating spec.hca,iy the follow
ing particulars, namely each tele
graph, telephone cable or express com
pany not owned by a railroad com
pany and not otherwise taxed, shal
state the gross amount OF it's receipt
fNm business done in this state for tn
year preceding the making OF such re
port; each gas company and electrl
light company shall state the amour
Of its receipts for light or power SUI
b piled within this state for the year pre-
ceding the making of each report, an
the amount OF dividends declared {
paid during the same time; each con
] pany organized for the distribution {
heat or power Or organized for th
purpose Of producing or disuributin
steam, heat or power, shall state II
amount Of its receipts for the d!strlbI
e ton Of heat or power, or for the PR
e duction or distribution OF steam, hei
o OF power within this state for the We;
preceding the making Of sush repor
and the amount Of dividends declare
k or paid during the same time; eaC
parlor, palace or sleeping car compar
g Shall state the gross amount Of it's r
.ce.pts for fare or tc..s for transport
tion CT passengers within this sta
during the same time; each oil or PHI
line company engaged inthe tranHpo
| tation OF oil or crude petroleum shs
l. state the gross amount Of its receip
Ie from the transportation OF oil or p
= troleum through it's pipes or in and
: its tanks or cars in this state durii
"a the same time; each fire, marine, Ii
II stock, casualty or accident insuran
'e company SHAH state the tctal amou
"a of premiums received by it for insu
ance upon the Lves Of persons res
dent or property located within th
state. during the same time.
N Section 8. If any officer Of any G.
is poration required by this act to ma
'e a return to the secretary Of state, sha
- - in such return, make any false stat
"A msnt, he shall be deemed guilty Of ps
er jury; If any such corporation shall 4
gledb CT refuse to make such retu
within the time limited as aforesaid t
secretary Of state shall ascertain a
u fix the amount Of the annual licen
fee or franchise tax, and the basis up
on which the same is determined, in su
e manner ae may he deemed by him INK
ne practicable, and the amount so fix
by him shah stand as such basis
taxation under this act.
Id Section 3. That the secretary cf sti
re shaG certify and report to the ST
10 treasurer, on or before the frst Tu
y day Of February in each year, a sta