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CONCERNING THE PUBLIC REVENUE.

cers collecting tax on process shall

to State Treasurer and pay the sums collected

When offi. Deeds, the Registers of Wills and Registers in Chancery shall,

on the first day of July next* after the passage of this act, and make return at the expiration of every three months thereafter, make return

to the State Treasurer of all sums in their hands, received under the provisions of this act, belonging to the State, with a full statement, in writing, setting forth the sources from which such amounts have been received, and shall verify such statement by oath or affirmation, made before some person authorized by the laws of this State to administer the same, and shall pay over to the State Treasurer, at the time of making such return, all such sums as shall respectively be due from them to the State, less one per centum on such amounts, which they are hereby authorized

to retain as compensation for the services rendered under this act. Penalty SECTION 5. If any Clerk of the Court of Errors and Appeals, for neglect. Prothonotary, Recorder, Register of Wills, or Register in Chan

cery shall neglect or refuse to make the returns required by this act, or shall neglect or refuse to pay over to the proper

officers the amounts in their hands respectively, belonging to the State, for a period of ten days after such payment should have been made, such officer so in default shall pay to the State double the amount so by him received, and the Attorney General shall immediately sue for the same, and such defaulting officer shall be guilty of a misdemeanor in office, and upon conviction thereof shall be removed from office by the Governor upon the application, in writing, of the Attorney General.

INSURANCE COMPANIES.
SECTION 6. Every agent of any Insurance Company incorpo-
rated or organized under the laws of any other State in the
United States, or out of it, or by or under any law or laws of the
United States, now engaged or that may hereafter be engaged in

effecting insurances in this State in behalf of their principals. When to be shall, on the first Monday in January, April, July and October

in each year, during the continuance of his agency, whether such company be conducted upon the joint stock, mutual, or any other plan, or be incorporated or organized for the purpose of insuring lives or property, or against accident, pay to the State Treasurer, for the use of the State, two and ope-half per centum on the

gross amount of premiums received and assessments collected by such agent during the three months immediately preceding the said first Monday in each of the months aforesaid in each year. And

every such agent shall, at the time of making such payments, Statement, furnish to the State Treasurer a statement showing the gross show.

amount of premiums received and assessments collected, and the names of the persons from whom the same has been received,

* See Supplomeat to this act, page 376.

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CONCERNING THE PUBLIC REVENUE.

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and shall verify such statement by his oath or affirmation, taken
before some person who, by the laws of this State, is duly
authorized to administer the same. If any such agent sball
neglect to make the returns or payments hereby required for a penalty
period of thirty days after such returns and payments should for neglect.
have been made, he shall forfeit to the State the sum of two hun.
dred dollars, to be recovered by the State Treasurer, by suit, in
his own name, upon this section: Provided that the first statement Proviso.
and payment to be made under this section shall be on the first
Monday in July next* after the passage of this act.

SECTION 7. Every Insurance Company incorporated or organ. Companies
ized by or under any law of this State, whether such company in this state
be conducted in whole or in part upon the plan of mutual insu. to pay a tax.
rance, joint stock, or any other plan, or be engaged in effecting
insurance upon lives or property, or against accident, shall be
subject to, and shall pay, on the first day of January next, and when, the
on the first day of January in each and every year thereafter,
a tax of one-half of one per centum on the amount of premiums
received for insurance, or interest paid upon investments of such
company, or upon deposit notes held by said company, and the
amount of dividends credited to persons insured during the year
preceding. And it shall be the duty of the treasurer, or other
financial officer of every such company, on the said first day of
January next after the passage of this act, and on the first day
of January in each and every year thereafter, or within thirty
days of the times aforesaid, to make a return and statement, What to
under oath or affirmation, duly administered by some person
authorized by the laws of this Štate to administer oaths, to the
State Treasurer, setting forth therein the amount received by
said company from premiums upon policies, and interest from
investments and deposit notes, and the amount of dividends
credited by such company to persons insured. And it shall be
the duty of such treasurer or financial officer to pay to the State
Treasurer, at the time of making such return and statement, for
the use of the State the aforesaid tax of one-half of one per
centum on the amount so as aforesaid received. And if any such
treasurer or financial officer shall neglect or refuse to make the
return or payment hereby required, for a period of thirty days
after such return and payment should have been made, he shall
forfeit and pay to the State the sum of one thousand dollars, to Penalty
be recovered by the State Treasurer by action in his own name,
upon this section.

CORPORATIONS. SECTION 8. That every company incorporated by or under any law of this State, or incorporated by any other State and porations.

show and how verified.

for neglect.

* See Supplemeut to this act, page 376.

Tax on cor

CONCERNING THE PUBLIC REVENUE.

Return.

lawfully doing business in this State, or that may hereafter be incorporated, shall be subject to and shall pay to the State Treasurer, for the use of the State, on the first day of January next after the passage of this act, and on the first day of January in each and every year thereafter, or within thirty days of such times, a tax of one-fourth of one per centum on the actual cash

value of each share of the capital stock of such company : ProCertain

vided that this section shall not apply to banks and banking assocompanies excepted.

ciations, railroad companies and canal companies, insurance companies, or building and loan associations subject to tax under other provisions of law.

SECTION 9. That it shall be the duty of the president, treasurer, or other financial officer or person having charge of the funds of each said company liable to the tax imposed by the preceding section, to make return on the first day of January next after the passage of this act, and on the first day of January in each year thereafter, in writing, to the Assessor of State Tax for the county where such company's principal place of business is located, of the number of shares of the capital stock of such company and

the cash value of each share thereof, and shall verify such return Assessment. by his oath or affirmation, and such assessor shall assess said

company with the tax to which it is liable under the next preceding section, and shall transmit the return so made to him with the assessments so made by him to the State Treasurer, and a duplicate thereof to the Collector of State Tax for the proper

county. The president, treasurer, or other proper officer of each When par such company shall, within thirty days from the date of such shall

return, pay to said collector the tax assessed to said company. If said tax be not paid within the time aforesaid, the State Treasurer shall issue his warrant to the collector with a duplicate

of said assessment annexed for the collection of the tax due by Penalty. said company, and shall add to the amount so due ten per

centum thereon as a penalty for the default of such company, and such penalty shall be collected with the tax aforesaid.

be made.

Bankers,

real estate

[PRIVATE BANKERS AND BROKERS, LAWYERS, PHYSICIANS,

STATE AND COUNTY OFFICERS.) SECTION 10. Every private banker and every broker and brokers, and every real estate agent doing business within this Štate shall

pay agents taxed

to the State Treasurer, for the use of the State, an annual tax of Amount. two per centum on the amount of the gross receipts received by

him, her, or them by way of commission, profits, brokerage or other compensation for business transacted as such private banker, broker or real estate agent. Every person, firm or company liable to the tax imposed by this section shall, on the first

CONCERNING THE PUBLIC REVENUE.

State

day of January next after the passage of this act, and on the first day of January in each and every year thereafter, furnish to the Assessor of State Taxes for the proper county, a statement Statement. of the amount of the gross receipts received by him, her or them during the preceding year as compensation, commissions, or profits from his said business, and shall verify such statement by his oath or affirmation. The assessor to whom such statement is Assessment. rendered shall assess the person or firm liable to said tax with the amount due by such statement, and shall transmit one duplicate thereof to the State Treasurer and a duplicate to the Collector of State Tax for the county, and such collector sball, within thirty days thereafter, collect and pay over to the State Treasurer the amount of tax so appearing to be due by said duplicate. That every lawyer, physician, officer of the State, or county Lawyers, within this State, shall pay to the State Treasurer, for the use of physicians, the State, an annual tax of two per centum on their income from county oatsalary or fees, except such as are taxed in other provisions of this certain tax. act. Every person liable to the tax imposed by this section shall, on the first day of January next after the passage of this act, and on the first day of January in each and every year thereafter, furnish to the Assessor of State Taxes for the proper county, a state- Statement. ment of the amount of receipts received by him during the preceding year, as income, salary, or fees, and shall verify such statements. The assessor to whom such statement is rendered, shall assess the person liable to said tax with the amount due by Assessment. such statement, and shall transmit one duplicate thereof to the State Treasurer, to be collected in accordance with Section 41 [40] of this act.

[BUILDING AND LOAN ASSOCIATIONS.] SECTION 11. Every building and loan association within this Tax on State shall be subject to, and shall, on the first day of January loan associanext after the passage of this act, and on the first day of Janü.tious. ary in each and every year thereafter, pay to the State Treasurer, for the use of the State, a tax of one-fourth of one per centum on the amount of the gross receipts of said company for the preceding year. It shall be the duty of the treasurer or other financial officer of every such loan and building association or company, on the first day of January vext after the passage of this act, and on the first day of January in each and every year thereafter, to make return to the Assessor of State Tax for the Returus. proper county of the amount of gross receipts of such loan or building association for the year preceding, and such assessor shall assess said association or company with the amount of tax Assessment. for which the association is liable under this section, and shall transmit the return so made to him, and the assessment so made

CONCERNING THE PUBLIC REVENUE.

paid.

by him to the State Treasurer, and a duplicate of such assessment to the Collector of State Tax for the proper county. The

treasurer or other financial officer of such association shall, When to be within thirty days for [from] the said first day of January in

each year, pay to the said Collector of State Tax the tax with which said association stands assessed, and if said tax be not paid

within the time aforesaid, the treasurer and other officers of such Individual association shall be individually liable therefor, and the State

Treasurer shall issue his warrant to the collector aforesaid,

authorizing and directing him to collect said tax out of any State Trea- property belonging to said association, or to any of the officers

of the association, within twenty days from the date of said

liability of officers.

of

surer to collect.

warrant.

Tax on collateral inheritances, &c.

[COLLATERAL INHERITANCES, DISTRIBUTIVE SHARES AND

LEGACIES.] SECTION 12. All estates, real and personal, whatsoever, passing from any person who may die seised and possessed thereof, being in this State, or any part of such estates, or any interest therein, transferred by deed, grant, bargain, gift, or sale, made or intended to take effect in possession after the death of the grantor, bargainor, devisor, or donor, to any person or persons, bodies politic or corporate, in trust or otherwise, other than to or for the use of the father, mother, wife, children and lineal descendants of the grantor, bargainor, devisor, donor, or intestate, shall be subject to a tax of three per centum on every hundred dollars of the clear value of such estates, land all executors and administrators shall only be discharged from liability for the amount of such tax, the payment of which they may be charged with, by paying

the same for the use of this State as hereinafter directed : ProExemption. vided, that no estate the value of which shall not exceed five

hundred dollars shall be subject to the tax imposed by this section.

SECTION 13. Every executor or administrator to whom admintor to retain tration may be granted, before he pays any legacy, or distributes tax and pay the shares of any estate liable to the tax imposed by the precedRegister. ing section, shall pay to the Register of Wills of the proper

county three per centum of every one hundred dollars he may

hold for distribution among the distributees or legatees, and at Payment. that rate for every less sum, for the use of the State. The tax

aforesaid shall be paid by such executor or administrator within thirteen months from the granting of letters testamentary, or of administration, and any executor or administrator neglecting or refusing to pay the said tax shall not be allowed by the register any commissions on the estate, and shall be liable, on his official

Executor or

Penalty.

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