The Development of Corporation Taxation in the State of New York |
Other editions - View all
Common terms and phrases
actual value amended amount of capital annual franchise tax Annual Report Assembly Documents assessed and taxed assets bank shares banking capital basis bill bonds burden capital employed capital stock Chap chise Commissioner of Taxes corporate property corporation tax court held Court of Appeals deducted deposits difficulties district dividends dollars domestic equal erty escape taxation expenses foreign corporations fund Governor gross earnings tax imposed income individuals iness insurance companies invested in United legislation legislature liable manufacturing ments method moneyed capital national banks organization tax paid panies par value personal property policy holders porations practically premiums privilege profits prop property tax provision Public Service Corporations public utility purposes railroad real estate revenue road savings banks secured Senate Documents Special Tax Commission stockholders surplus system of taxation Tax Commissioners tax law taxa taxable tion trust companies uniform valuation York City York State Comptroller York Statutes
Popular passages
Page 160 - All city, town, and village officers, whose election or appointment is not provided for by this Constitution, shall be elected by the electors of such cities, towns, and villages, or of some division thereof, or appointed by such authorities thereof, as the Legislature shall designate for that purpose.
Page 96 - Provided, That nothing in this act shall be construed to prevent all the shares in any of the said associations, held by any person or body corporate, from being included in the valuation of the personal property of such person or corporation in the assessment of taxes imposed by or under State authority at the place where such bank is located, and not elsewhere...
Page 96 - Nothing herein shall be construed to exempt the real property of associations from either State, county, or municipal taxes to the same extent, according to its value, as other real property is taxed.
Page 34 - October thirty-first preceding, stating the amount of its authorized capital stock, the amount of stock paid in, the date and rate per centum of each dividend declared by it during the year ending with such day, the entire amount of the capital of such corporation, and the capital employed by it in this state during such year.
Page 138 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Page 151 - City ; and the question of allaying and assessing the tax for franchises of every kind throughout the State should, in my opinion, be determined by the State itself. I need not point out to you that in foreign communities a very large percentage of the taxes comes from corporations which use the public domain for pipes, tracks and the like.
Page 144 - To avoid serious inequality and evasion the tax on net earnings would require for administration a thorough examination into the accounts of every corporation taxed, together with strict rules how these accounts should be kept ... It would be a continual source of irritation between the corporation and the taxing officials . . . The practical difficulties in the way of imposing a tax on net earnings seem overwhelming. The economic consequences of heavy taxes on corporate earnings should...
Page 34 - The assets exceed the liabilities, exclusive of capital stock, by an amount equal to or greater than the par value of the capital stock, or...
Page 109 - In the assessment of said shares each stockholder shall be allowed all the deductions and exemptions allowed by law In assessing the value of other taxable personal property owned by individual citizens of this state...
Page 132 - ... of land, but each piece of property is to be estimated in connection with its position, its incidents, and the business and profits to be derived therefrom.