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1892.] OF THE HOUSE OF DELEGATES. 1047
tion, incorporated under any general or special law of
this State and doing business therein; all of which
said corporations of every kind shall be subject to the
State tax on their gross receipts particularly specified
in section one hundred and forty-six of this Article,
and the provisions of sections one hundred und forty-
seven to one hundred and fifty-five, both inclusive, of
this Article, applicable to railroad companies worked
by steam, shall be equally applicable to each and all of
said last above enumerated corporations, incorporated
under any general or special law of this State, and
doing business therein; but the capital stock and
property of such corporations other than railroad com-
panies, shall be valued, assessed and taxed for county
and municipal purposes, like the capital stock and
property of other corporations under this Article;
every unincorporated association, partnership or indi-
vidual engaged in any one or more of the above speci-
ally enumerated branches of business, shall be subject
to said gross receipts tax, and shall comply with all
the provisions of this Article with reference thereto,
as fully as if such association, partnership or indi-
vidual were a corporation.
146. A State tax, as a franchise tax, is hereby levied
annually upon the gross receipts of all railroad com-
panies worked by steam, incorporated by or under the
authority of this State and doing business therein,
and all repeal able contracts by the State with such
railroads, and all repealable laws which impose a less
or different tax rate on gross receipts of such railroads
than the said tax on gross receipts named in this sec-
tion or which may be hereafter imposed by law are
hereby repealed, such State tax being as follows, to
wit: 8-10ths of one per cent, on the first one thousand
dollars per mile of gross earnings, or on the total earn-
ings, if they are less than one thousand dollars per
mile ; one and one-half per cent, on the first thousand
dollars, or part thereof, above one thousand dollars
per mile, and up to two thousand dollars per mile, and
when the earnings exceed two thousand dolors per
mile, two per cent, on all earnings above that sum ; a
State tax, as a franchise tax, of two per centum is
liereby levied annually upon the gross receipts or
earnings of every telegraph or cable, express or trans-
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