|
|
|
|
|
|
|
|
|
|
|
|
34
|
Franchise Tax
|
|
|
|
|
|
|
|
Domestic
|
Foreign
|
|
|
|
$151,000
|
to
|
199,000................
|
130
|
75.00
|
|
|
|
On
|
|
200,000 ................
|
130
|
100.00
|
|
|
|
201,000
|
to
|
249,000................
|
155
|
100.00
|
|
|
|
Oa
|
|
250,000................
|
155
|
125.00
|
|
|
|
251,000
|
to
|
299,000................
|
180
|
125.00
|
|
|
|
On
|
|
300,000................
|
180
|
150.00
|
|
|
|
301,000
|
to
|
349,000................
|
205
|
150.00
|
|
|
|
On
|
|
350,000................
|
205
|
175.00
|
|
|
|
351,000
|
to
|
399,000................
|
230
|
175.00
|
|
|
|
On
|
|
400,000................
|
230
|
200.00
|
|
|
|
401,000
|
to
|
449,000................
|
255
|
200.00
|
|
|
|
On
|
|
450,000................
|
255
|
225.00
|
|
|
|
451,000
|
to
|
499,000................
|
280
|
225.00
|
|
|
|
On
|
|
500,000................
|
280
|
250.00
|
|
|
|
Over 500,000
|
to
|
5,000,000................
|
In addition f 250
|
In addition 1-40
|
|
|
|
|
|
|
for each mil-
|
of 1% on es-
|
|
|
|
|
|
|
lion or frac-
|
cess.
|
|
|
|
|
|
|
tion.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E. g.—
|
|
|
|
|
|
|
On
|
1510,000................
|
$530
|
?252.50
|
|
|
|
"
|
600,000................
|
530
|
275.00
|
|
|
|
"
|
700,000................
|
530
|
300.00
|
|
|
|
"
|
800,000................
|
530
|
325.00
|
|
|
|
"
|
900,000................
|
530
|
350.00
|
|
|
|
"
|
1,000,000................
|
530
|
375.00
|
|
|
|
"
|
1,500,000.................
|
530
|
500.00
|
|
|
|
"
|
2,000,000................
|
780
|
625.00
|
|
|
|
"
|
2,500,000................
|
780
|
750.00
|
|
|
|
"
|
3,000,000................
|
1,030
|
875.00
|
|
|
|
"
|
3,500,000................
|
1,030
|
1,000.00
|
|
|
|
"
|
4,000,000................
|
1,280
|
1,125.00
|
|
|
|
"
|
5,000,000................
|
1,280
|
1,250.00
|
|
|
|
|
* * *
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Over
|
$5,000,000................
|
In addition f 100
|
In addition $30
|
|
|
|
|
|
for each mil-
|
for each, mil-
|
|
|
|
|
|
lion or frac-
|
lion.
|
|
|
|
|
|
tion.
|
|
|
|
|
|
|
|
|
|
Every foreign corporation should be required to pay an annual
franchise tax equal to the amount of the annual tax payable by a
similar domestic corporation. The amount of the annual franchise
tax against domestic corporations is based on the amount of paid-in
capital. Should all of the capital stock not be issued, the company
may become liable for a tax on its authorized capital, unless it files
an affidavit with the State Tax Commission before the first of March
setting forth what amount was actually issued and outstanding on
the first of the preceding January.
|
 |
