ART. 81] TAX ON GROSS RECEIPTS OF CERTAIN CORPORATIONS. 541

tion for State purposes, and when such real and personal property
of such respective railroad companies is subject to county and
municipal taxation, their respective shares of stock shall not be
subject to county and municipal taxation, but the capital stock
and property of all other corporations which are subject to a tax
upon their gross receipts, other than railroad companies, shall be
valued, assessed and taxed for State, county and municipal pur
poses like the capital stock and property of other corporations
under this article.

Tax on Gross Receipts of Certain Corporations.

1896, ch. 120.

146. A State tax, as a franchise tax, is hereby levied annually
upon the gross receipts of all railroad companies whose roads are
worked by steam power incorporated by or under the authority of
this State, or any other State, territory, District of Columbia or
foreign country and doing business in this State, such State tax
being as follows, to-wit: Eight tenths of one per cent, on the first
one thousand dollars per mile of gross earnings, or on the total
earnings if they are less than one thousand dollars per mile, and
one and one-half per cent, on all gross earnings above one thou-
sand dollars per mile and up to two thousand dollars per mile, and
when the earnings exceed two thousand dollars per mile two per
cent, on all earnings above that sum; a State tax, as a franchise
tax, of two per centum is hereby levied annually upon the gross
receipts or earnings of every telegraph or cable, express or trans-
portation, telephone, parlor car, sleeping car, safe deposit, trust,
guarantee and fidelity company incorporated under any general
or special law of this State and doing business therein; a State
tax, as a franchise tax, of one per centum is hereby levied
annually upon the gross receipts or earnings of all oil pipe line
companies and all title insurance companies incorporated under
any general or special law of this State and doing business
therein; and & State tax, as a franchise tax, of three quarters of
one per cent, upon the annual gross receipts or earnings of all
electric light companies incorporated under any general or special
law of this State and doing business therein; and a State tax, as
a franchise tax, of one and one-half per centum upon the annual
gross receipts or earnings of all electric construction companies