The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-03-12
THE FRANCHISE TAX
WILL WORRY LOCAL CORPORA
TIONs BETWEEN NOW AND MAY L.
METHODS OF TAXATION.
BLANKS WHICH WILL SOON BE
RECEIVED.

This Blank Gives Full List of Ques-
Returns-NOt Less Than Thirty APP
Dear-Returns of the Corporations
Will be Watched With Interest.
Law Was but Recently Passed.
These Will be the First Fran
chise Returns.
Local corporations which are subject
to the recent franchise tax law pass
ed by the Legislature will receive,
either to-day or tomorrow, blanks
which provide for the method by
which they are to be taxed. These
blanks, which give the full list of
questions to be answered in making
the return, have been issued by Con-
troller General Wright. All returns
must be in the office of the controller
by May l.
copy of the franchise law is print
ed on the back of each of these blanks
A similar copy was furnished Tax
Collector Thomson some time ago, to-
gether with instructions relative to the
collection of the tax. He has given
the law careful study and is prepared
to furnish information to those subject
to the tax.
The return of the corporations with
the valuation put upon the various
franchises will be watched with much
interest. 1t is not improbable that
some interesting questions will arise
by reason of the diversity of opinion
as to the value placed upon the fran
chises by the corporations and by the
Controller 1t is not probable that
these matters will get into the court,
but there is little doubt but that many
Of them will have to be adjusted.
The local corporations which are
liable to the tax will be interested in
the blank which will be received, a
copy of which is here given:
Name of corporation ...........
Name of the principal place of bus
mess OF the corporation, company or
association you represent ........
Give the name and official position
or the officer making this report .
The kind of business in which the
said corporation, company or associa-
ton is engaged ............
The amount of capital stock, prefer
RED and common, of the said corpora
ton, company or association, as of
uStle '-.-...- I9O........... ..............
Number of shares, preferred and
common, composing the capital stock
OF the said corporation, company or
association, on ......... ..190. ........
Amount of capital stock, as above,
Pdlu up ...................
Far value of the preferred stock, as
"DoVe, D., ''...'...............
Real value of the common stock, as
"DoNe, go $500. ...,....... $500.
Real value of the stock. as above.
PREFERRED .........; common, So.
Highest price at which the stock
above mentioned was sold at a bona
noe sale within twelve months next
pe1ore .............. ..190.
Amount of surplus fund and undi-
vided profits and the value of all other
assets of the said corporation, COM
pany or association, on. ..190.
surplus fund, $..............u undivided
pronts' 49," ....'........; value of all
other assets,
State the total amount of indebted
ness as principal of the said corpora
ton, company or association, on
...................1 $780,.
Bonded Indebtedness, $....; rate
OF interest paid, Observation-Disclosures.
per cent.
CNiACl AAAdGOlGODeSS,
amount of interest paid, $.....
Total Indebtedness, $........
State separately the total amount of
gross and net earnings, or income of
the said corporation, company or as
ISOLATION, including interest on invest
ments, and income from all other
sources for twelve months next before
............... .l90....
Gross earnings or income, less ex-
penSeS
Net income:
State the fair cash value of said tan
gible property, at the price it would
bring at fair voluntary sale.
State the total length of the entire
line or lines operated, owned, leased
or controlled in this state by the said
corporation, company or association
Express companies, palace, dining or
chair car companies, and car equip
ment companies will report the num-
Der of miles over which their cars are
operated in and outside of Georgia.
In Georgia, miles .........
Out of Georgia, miles ...,......
Also the total length of the entire
line or lines, as above, operated, own
ed, leased, or controlled, as above, else
where than in this state ....
State the entire net and gross in
come or earnings received by the said
corporation, company, or association
in this state and out of this state, on
business done in this state for twelve
months next before .....19O.
Gross income, S ....net income
OF earnings, w..
State the entire gross and net in
come or earnings received by the said
corporation, company or association
on business done in this state and else
where for the same length of time.
Gross income, $..........net in
come or earnings, ..........
PCRHkMnEn RON orhnnIuIn