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Session Laws, 1929
Volume 572, Page 683   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 683

For every additional two thousand dollars or fractional part

thereof in excess of said fifty thousand dollars up to and not
greater than one hundred thousand dollars, the additional sum
of one dollar.

If the amount of such capital stock is more than one hundred
thousand dollars, but not greater than two hundred and fifty
thousand dollars, there shall be an additional annual franchise
tax of twenty dollars.

If the amount of such capital stock is more than two hundred
and fifty thousand dollars and not greater than five hundred
thousand dollars, there shall be an additional annual franchise
tax of twenty dollars.

If the amount of such capital stock is more than five hundred
thousand dollars and not greater than one million dollars,
there shall be an additional annual franchise tax of thirty
dollars.

If the amount of said capital stock is more than one million
dollars and not greater than ten million dollars, there shall be
an additional annual franchise tax at the rate of fifty dollars
for each additional million dollars or fractional part thereof,
and on every five million dollars in excess of ten million dol-
lars, the additional annual franchise tax on such excess shall
be at the rate of one hundred dollars for each five million dol-
lars or fractional part thereof.

Every such corporation which has no part of its capital
stock issued, subscribed for or outstanding on the first day of
the preceding January, shall pay for such franchise an annual
tax of ten dollars ($10. 00).

For purposes of this section stock without par value shall
be treated as if it were of the par value of one hundred dollars
per share.

137. For the purpose of Section 136 the entire authorized
capital stock of such corporation, as shown by the charter,
certificate of incorporation, or any amendment thereof, shall
be taken as issued, unless on or before the fifteenth day of
March in each and every year the corporation shall file with
the State Tax Commission an affidavit of any officer of the
corporation, showing the actual number of its issued, outstand-
ing and/or subscribed for shares, if any, of each class, as
of the first day of the preceding January; provided, however,
if a proper report, under oath, is filed, within fifteen days
from the date (as shown by the records of the State Tax
Commission) of the mailing of a notification of the amount


 

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Session Laws, 1929
Volume 572, Page 683   View pdf image (33K)
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