The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-01-14
TAXES PAID BY TRUSTS.
New Jersey Received s2,05I, POS From
Corporations Last Year.

Corporations Last Year.
TRENTON. Jan 1.-THE State Board Of
Assessors informs the Legislature. in the
boards annual report, just submitted.
that COOS corporations organized under
the laws of the State Of New Jersey paid
into the treasury during the last year ne
sum of 22.051, 209.
The corporation tax rate in this State is
one-tenth Of l per cent on the paid-in
capital stock OF the corporation, or 81
tax for every $100O capital paid in
Therefore the SECS corporations must
have paid tax upon s.. 051. 209, 900 paid-up
capital stock
The State Corporation Department lib
orally estimates that the 6.C65 corpora
ions assessed have paid-up capital
stock Of 20 per cent OF the authorized cap
ital stock If the tax of s.. G51 ,2G9, which
represents s., 05I. rs, Gee paid-in capital
stock is but 20 per cent of the authorized
capital stock of the 6.O65 Jersey corpora
lions assessed, then the authorized capt
tai stock must be five times 81, O51, 209 Geo
or the sum Of SO. 25s. c45. zee.
The increase III the number CT he mis-
cellaneoUs corporations assessed during
the year over that Of 1893 the report says.
is 1136. although IN reality 1907 new
companies were added TO the list Ct 1860
The difference of 6I1 companies repre-
sents those whose charters were fOTfsis ed
by the proclamation Of Governor FocF-
lees IN May last for n-payment of AK
Continuing, the report says: = his con-
tinued growth IS most gratifying and
bears eloquent testimony to the favor
with which the laws of this SAFE are
viewed by persons desiring 10 invest their
capital in corporate enterprises
The board cOngTatulates the State on
holding on 10 its business, ''nCtwi hstand-
ing the attempts of some Of the other
Commemorative Of the country 20 attract
capital by enacting statutes granting
greater exemptions and more liberal in
corporation terms. as well as eXacting
less annual tax than our own Our laws
are still held in the highest esteem by IL
corpOrat0rs desiring charters which are
broad enough TO meet almost any require
ment and over which the State still exer-
cises not nominal but an ac,uaI su-
pervision, in consequence of which other
States, as we'll as foreign countries, ex-
tend a welcome to our corpora tions when
they come within their borders"
From these Interpretations the 5 ate
Treasury has collected on account of
franchise tax for the year 1900 the sum
the State Treasurer has also received r
taxes Of previous years SlJ2. 241-4I and
through the SecTS-ar CT State IN account
of Interpretations and reinsta temcnt fees
the further sum Of sass. 600 60. m king he
total amount received during me fiscal
year, from II iscellaneous corporations. on
account of incorporation fees and fran
chise tax the sum Ct 81 .sS4 67G-32
The report goes On 10 say 1t has al
ways been the custom OF the board 20 Cx-
act from all corporations whether min
ing, manufacturing. or otherwise. a r.
turn statement among other thingse. 90
ing the amount Ct capital stock author
lied by the certificate Of incorporation
the amount OF capital stock issued and
outstanding, and the business carried On
by the corporation -