Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1909-08-19

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all amounts received by it within
the year and dividends upon stock of
other corporations, joint stock COM
panies or associations, and insurance
companies, subject to the tax hereby
| imposed. In the case of assessment
insurance companies, the actual de-
posit OF sums with state or territorial
officers, pursuant to law, as additions
to guaranty or reserve funds shall
be treated as being payments re-
quired by law to reserve funds.
Third. There shall be deducted
from the amount Of the net income OF
each of such corporations, joint stock
companies or associations or insur-
lance companies, ascertained as pro-
vided in the foregoing paragraphs OF
this section, the sum of $4,000, and
said tax shall be computed upon the
remainder of said net income OF such
corporation, joint stock company OF
! association or insurance company, for
the wear ending December 81, l9o9'
and for each calendar year there
after: and on or before the first DAY
of March, and the first day OIL
March in each year thereafter, true
and accurate return under oath OF
affirmation of its president, vice pres
t ident. Or other principal officer ana
it's treasurer or assistant treasurer
shall be made by each OF the corpor-
ations, Joint stock companies or asso-
Citations, and insurance companies,
subject to the tax imposed by this
section. to the collector OF internal
/ revenue for the district in which such
corporation, joint stock company or
la association, or insurance company, has
/ its principal place of business, or, in
. the case Of a corporation, joint stock
! company or association, or Insurance
Z company. organized under the laws Of
{ q foreign country, in the place where
its principal business is carried on
within the United States, in such form
( as the commissioner Of internal reve-
nue., with the approval of the secretary
. of the treasury, shall prescribe, set
! ting forth, (first) the total amount OF
the paid up capital stock of such cor
pOration, joint stock company or assO-
/ citation. or insurance company, out
standing at the close Of the year:
/ (second) the total amount of the bond
! ed and other Indebtedness of such cor
| pOTatiOD, joint stock company or as
ISOLATION, or insurance company at
the cIase of the year; (third) the
/ gross amount of the income Of such
corporation, joint stock company or as
! ISOLATION, Or insurance company, re-
/ ceived during such year from all
/ sources, and if organized under the
laws of a foreign country the gross
amount of it's income received within
the year from business transacted and
capital invested within the United
! States and any Of it's territories,
Alaska, and the District of Columbia:
also the amount received by such cor
! pOratiOn, joint stock company or as
ISOLATION, or insurance company, with
in the year by way Of dividends upon
stock of other corporations, joint
stock companies Or associations, or
/ insurance companies, subject to the
-; imposed by this section: (fourth)
, the total amount of all the ordinary
sd necessary expenses actually paid
out Of earnings in the maintenance
a. operation of the business and
properties of such corporation, joint
stock company or association, or In
urance company, within the year,
stating separately all charges such as
rentals or franchise payments re-
4 CURED to be made as condition to
the continued use or possession of
property, and if organized under the
laws of foreign country the amount
so paid in the maintenance and oper-
alton of its business within the United
/ States and its territories, Alaska, and
/ the District Of Columbia; (fifth) the
! tC tai amount of all losses actually sus-
tanned during the year and not COM
! rensated by insurance or otherwise,
stating separately any amounts al
owed for depreciation of property.
and in the case of insurance compan-
! les the sums other than dividends,
paid within the year on policy and an
nUity contracts and the net addition.
! if any, required by law to be made
/ within the year to reserve funds: and
! in the case of a corporation, joint
/ stock company or association, or in
surance company, organized under the
laws Of foreign country, all losses
actually sustained by it during the
wear in hl1Cin oCc conducted NV - Nth
in the United States or its territories.
Alaska and the District of Columbia,
not compensated by insurance or 9th
eTWise, stating separately any
amounts allowed for depreciation OF
property, and in the case of insurance
'dends. paid within the year on policy
and annuity contracts and the net adj
ditiOn, if any. required by law to be
made within the year to reserve fund:
(siXth) the amount of interest actually
paid within the year On its bonded or
othes Indebtedness to an amount of
@Cc@ 1cCded and other Indebtedness
rot eXceedin" the paid up capital
took Of such corporation. joint stock
"omDa~T or association. or insurance
company, outstanding at the close of
he voo~ ~ = tha case o. q bank.
barking association or trust company.
- .-S separately all interest paid b.
il in the year on deposits: or in
ca@o Of q corporation. JOINT stock
&C mpany OF. association, . Insurance
c0mrPuv. Organfzpd under the laws of