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MISCELLANEOUS STATUTORY PROVISIONS

RELATING TO

BUSINESS CORPORATIONS.

LAWS GOVERNING TAXATION.

THE LAWS GOVERNING TAXATION WERE REVISED BY THE LEGISLATURE OF 1896, AND ARE FOUND IN LAWS 1896, CHAPTER 908. THE PROVISIONS RELATING TO CORPORATIONS, INCLUDING THE AMENDMENTS OF 1907,

ARE AS FOLLOWS:

Local Taxation.

The local taxation of business corporations is controlled by the following selected provisions of the Tax Law (L. 1896, c. 908):

ARTICLE I.

TAXABLE PROPERTY AND PLACE OF TAXATION.

§ 2. Definitions.-5. The terms "personal estate," and personal property," as used in this chapter, include chattels, money, things in action, debts due from solvent debtors, whether on account, contract, note, bond or mortgage; debts and obligations for the payment of money due or owing to persons residing within this state, however secured or wherever such securities shall be held; debts due by inhabitants of this state to persons not residing within the United States for the purchase of any real estate; public stocks, stocks in moneyed corporations, and such portion of the capital of incorporated companies, liable to taxation on their capital, as shall not be invested in real estate.

L. 1896, c. 908, § 4; renumbered by L. 1901, c. 490.

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