The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1915-08-27

policy holders residing in this State
or on property in this State, payable
semi.annuallyJJanuary and July
direct to the Insurance Commission
er, on sworn returns showing gross
premiums paid by or for policy hol-
lers residing in this State or on pro-
perty in this state for each six
months, ending on Dec. 31st, and on
June both each year; and assessment
life corporations ceasing to transact
business in the state shall continue
to pay. the tax herein provided on in
force and until the same be terminal
ed; provided, however, that the act
shall not apply to purely fraternal or
ders or societies. Each insurance
agent or solncitor except those repre-
senting domestic mutual comapnies,
including each member of an agency
or firm or corporation writing or So
Letting insurance) in this state, shall
pay an annual state tax in lieu of all
privilege taxes on the following ba-
sis:
Agents engaging in business or COM
mencing business between Jan. and
April l of each year $1,000.
Agents commencing between April
/ and July of each year $3.50.
Agents commencing business be-
tween July and Oct. / of each year
$500.
Agents commencing business after
Oct. ! $3.50.
All payments to be made to the end
of the calendar year, this tax to be
paid direct to the insurance commits
sioner, except when he delegates the
power to collect the same to the comp.
trollef.
Fire and Marine Insurance compa.
MES.
In addition to the tax hereinbefore
provided, shall pay one-half Of one
per cent on gross premiums for the
purpose Of executing the fire marshal
law. This shall be paid at the same
time and in the same manner as the
tax of two and one-half per cent here
in provided.
Building and Loan Associations.
Sc ction Z. Be 1t further enacted,
That every building and ,loan associa-
ton Incorporated or organized under
the laws of this state shall pay to-
the treasurer direct specified privi-
lege tax in lieu of all other taxes upon
its capital actually paid in, whether
derived from installment or any other
class of stock, which tax shall be paid
as follows, and to be paid directly to
the treasurer.
Capital Paid In.
Not more than $4,000 $4,000.
$4,000 and not more than $4,000
$4,000.
$4,000 and not more than $4,000
$500.
$4,000 and not more than 100000
$4,000.
100000 and not more than $150,OOO
$1S7.5O.
$15OOOO and not more than 100000 !
$4,000.
100000 and not more than $25O,OOO
S375.OO.
$25O,0OO and not more than 100000
$4,000.
100000 and not more than $350,OO0
s562.50.
S350,OO0 and not more than 100000
s656.OO.
100000 and not more than $45O,OO0
$4,000.
$450,000 and MOI more than 100000
sS4S.5O.
Each additional 100000 or fraction
al part thereof $9250.
Each association shall annually, on
Or before the LIST day of September,
make sworn return to the treasurer,
the ammount of capital of
such association actually paid in as
shown by its books at the close of bus.
ness the Goth day Of June next pre-
2eding and shall at the same time
Jay the tax as provided as above.
Each building and loan association
under the laws of any 9th
Or state or territory having stockhold
srs in this state, shall annually on or
before the first day of September,
make sworn return to the treasurer
lirect, showing the amount of CAPT
al paid into said association by citi-
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