The Birmingham age-herald., 1903-01-22
Privilege Tax.

a'f'AN~'Nt
 Privilege Tax.
 Important changes are made in the li-
 cense schedules. The following section
 with reference to the privilege tax to be
 paid by corporations is practically new:
 Sec. 55. All corporations doing business
 in this state or having in this state an
 agent residing in this state and an office
 and known place of business in this state, whether organized under the laws of this
 state or of any other state or territory
 or of the United States, or of any other
 state or country shall pay annually the
 following privilege taxes: Corporations
 whose actual capital employed in this
 state Is under $10,OOO, s10; corporations
 whose actual capital employed in this | state exceeds $10,0OO and does not ex- ceed $25,000, $15; corporations whose actual 1 capital employed within the state ex- l ceeds S25,0OO and does not exceed $50 coo. | Szo; corporations whose actual capital
 within this state exceeds $50, GOO and does
 not exceed $lOO000, $50; corporations whose l actual capital employed within this state , exceeds S1O0000 and does not exceed s2OO - ' ooV, S'5; corporations whose actual capital employed within this state exceeds S2OO, 900 and does not exceed $500. GOO, s125: corpor- ations whose actual capital employed within this state exceeds s300,00O and does not exceed $i00,OO0, $175; corporations whose actual capital employed within this state exceeds S1OO,0OO and does not exceed $500 . oVo' szoo' corporations whose actual capi- tai employed within this state exceeds
 $ooO,0OO and does not exceed s45O. .0OO ..N0: corporations whose actual capital en- ployed within this state exceeds s75O.0Oo ana does not exceed $100O, 900, s4O0; corpor- dtiohs whose actual capital employed Wlthln this state exceeds S1. .O00 0OO S500 In all cases in estimating and detar- minlnB the amount of capital employed within this state in order to fix the | amount of license for which a cornora- | ton Is liable under this section there
 snail be considered all property owned by | the said corporation which Is located
 Wi.hln thls state, and also all notes, &C., l counts or other evidences of debt due
 to the said corporation or owned bv if which said notes, accounts, choses in ac- | llon or other evidences of debt are due | ana payable by residents of this state 1 whether for monies loaned, goods. wares 1 and merchandise sold, or for other things
 or value; and whenever application is 1 made Tor a license under this section
 such application shall be accompanied by
 an affidavit signed by the president, or
 other managing officer of such corpora | ton residing within this state which af- | hdavit shall state the amount and value | of each class of property owned by the | said corporation, and which Is included | in the above list of property which is l deemed to be capital employed within this 1 state and shall state the total value of | all of such property owned by said cor | poration, and the value so shown shall | be sufficient evidence to authorize the | judge of probate to issue such license: | any officer or other person who shall make any false or fraudulent statement | in any such application or affidavit shall | be guilty of a misdepeanor, and shall | upon conviction, be fined not less than l one hundred dollars nor more than five hundred dollars, and any license issued to any such corporation on any such false or fraudulent statement shall be void This license shall be taken out in the county in which the principal place Of business of the said corporation within this state is located, and when so taken
 out 1t shall not be required to be paid in any other county, but if it Is taken out in such other county before the 18th
 day of January of any year, then 1t may be collected in any county in the staSe where such corporation may do any bus mess.
 Tax on Dstillers.
 | The tax on distilleries is increased from $25 to $50; cotton or stock exchanges from | S20O to $5O0; every person, firm or corpora | tion engaged in the business of lending
 money, $100 banks excepted; bond com | panies are added; dealers in firearms are | increased from $50 to $100: piano, organ. l clock and installment furniture are add
 ed and the tax fixed at s25 purchasers of | witness certificates are added, s1Oo