Taxation of Corporations: Report of the Commissioner of Corporations On the ...

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Taxation of Corporations: Report of the Commissioner of Corporations On the ...
United States Bureau of Corporations
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Adams, 189 U. S., 420 (1903).
^ Code, sec. 3875, as amended, La^vs 1908, chap. 73, sec. 19.
A similar privilege tax on telegraph companies, but one which was in lieu of other taxes, was held valid and not an interference with interstate commerce, although the company taxed was engaged in sending interstate messages. Postal Telegraph Cable Co. V, Adams, 71 Miss.» 555 (1S93); affirmed, U. S. Supreme Court, 155 U. S., 688 (1895).
e Code, sec. 3876, as amended, Laws 1910, chap. 94, sec. 17.
232 TAX
...ATION OF CORPORATIONS.
Counties and municipalities are prohibited from levying a similar tax on telegraph, express, or sleeping-car companies.^ Freight Line and Equipment Companies.
Freight line and equipment companies pay to the State for state ptuposes, in lieu of all other taxes, a gross earnings tax of 3 per cent. This tax is based on intrastate earnings and on the pro- portion of interstate earnings which the mileage over which the business is done in the State bears to the total mileage. ^ The operating of a trading car from which fruits and vegetables are sold in the State is subject to a state privilege tax of $100 for one car and $300 for two or more cars.*^ Each car from which ice is retailed in the State is subject to a similar tax of $25.^ Public Utility) Manufacturingi Mercantile, Mining, and Miscella- neous Corporations.


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