The Barre daily times. (Barre, Vt.) 1897-1959, 1904-12-31

rbau he the equivalent Ct seven
fenths of one per cent Of the capitat
invested or used By such corporation "a
tbis state which FOR Sns purposes
this act shall be deemed 70 be shet por-
ton OF the entire capital Of such cor
poratiou invested or used IN the opeI-
alton OF sleeping. parlor. dining o. oin-
er similar cars which the number OF
miles OF all railroads within this state
on which such cars shall hAve been
operated by such corporation during
such year bears TO the total number Oh
miles OF ali railroads within and WITH
out this state on which such cars shall
have been operated by such corporation
during such year
II. Every such corporation on or
before the first day Of A4EAss 10
each year shall ale return upon
blanks 20 be furnished by the commits
sionsr OF state taxes, giving the nun.
Der OF shares OF capital stock 80 IN
vested or used: the par value Of sucn
shares: the amount OF surplus
undivided profits or deferred DIVIDENDS
in script or otherwise that shall have
been set aside on account Of such CAPT.
tai stock. the number Of miles OF rail-
road located within and without Thu
state over which such cars shall have
been operated by such corporation DUR
ing such year; the number Of miles OF
railroad within this state over which
such cars shall have been so operated
by such corporation during such year
ana any other material facts which
said commissioner shalt deem neces-
sary to determine the amount Of the
tax imposed In subdivision one OF this
section,
III The fair value Of the capital Of
such corporation invested or used IN
this state determined as aforesaid shall
be established by the commissioner of
state taxes on or before the 18th day Of
the last mentioned month who shall en-
dorse on said return the valuation so
established BY him; and who shall also
On or before said last named day mail
notice In writing to said corporation
~ the amount OF such valuation and
the amour. Of tax due under the provi-
sions OF subdivision one Of this Sec
tion.
". IN case such corporation shall
be dissatisfied with the valuation Of
such capital stock determined as afore-
said, II may on or before the 18th day
Of September next succeeding such de-
termination, appeal to the commission
designated Ii section seventeen or No
20 OF the acts Of 1902. And said appeal
shall be heard and determined on or
before the 10th day Of October follow
ing said appeal. Ia the manner and sub
Iect to the provisions Of section seven
teen and eighteen OF said lass named
act In SO far as they are applicable
thereto, provided however, that the
notice OF the value OF rne capital hxed
BY said commission need not be record
ed as therein provided
VI a railroad corporation owning or
operating a railroad located in whole
OF in part In this state operating it's
own sleeping. parlor, dining, or other
similar cars. and paying the tax pro-
vided In section 10 or section 20 or this
act shall not be required for the same
year 70 pay the franchise tax or to
make the returns by this section.
Sec II. Section twenty-nlne OF said
act is hereby amended SO as to read as
follows:
sec. 20. A corporation. associati ton
or person doing express business In
this state shall annually on or before
the 18th day Of October pay franchise
tax to the state OF Vermont for the rs
cal year ending with the last day OF
June next preceding. which Is hereby
assessed at the rate OF eight dollars
for every mile OF railroad located With
In this state over which such corpora.
ton, association or person so doing ex.
press business herein. shah have dur
ing such year transported property for
hire.
Sec 10. Section thirty-fohr OF said
act IS hereby amended so as TO read as
follows;
Sec. "a. Such corporation or person
may in lieu Of the tax assessed IN the
preceding section annually pay to the
state a sum equal 70 three per cent.
OF the entire gross earnings or such
corporation Or person collected within
the state on account Of telephone mes.
sages or communications sent or re.
ceived within this state including ali
sums received for tolls and for rental
Of lines, instruments or other aupii-
anees. and from any division or an
portionment OF tolls or rentals collect
ed Within this state. during the year
ending with the last day Of December
1905, and for each year thereafter.
Sec. 10. Section thirty-seven Of naid
act ls hereby amended so as to read as
follows:
Section 81. In determining the amour,
Of taxes 20 be assessed under the pro-
wilson's OF the preceding section. there
shall be deducted from the full amount
OF such premiums and assessments ali
sums paid for returned premiums on
cancelled policies upon risks located
herein; dividends actually paid to poi.
cy holders herein residing; and ali
sums actually paid TO other companies
incorporated under the laws Of tbi.
state or to foreign company licensed
20 do business herein, for re-lnsuran ce
on risks within this state for which the
fun premium shall have been collected
by the company claiming such deduc.
tion.
Nothing IN this section shan be con.
strued 10 allow dividends IN scrips Of
otherwise Ia stock. mutual or nnf~Ad
companies or surrender values for ~
policies to be considered return nrs.
| miums
Sec. a. Section sixty-two !, ~.
aet Is hereby amended by striking OUT
me words "fifty-tEve' where the $500
nrss appear In said section and by m
sorting IN lieu thereof the words
'hfty-ninee W. =
sec y. Section sixty-three 81 saia ~.
Iis hereby amended b. str,,r,ns 81. ~