Inter-Mountain Republican | 1909-03-14 | Page 6 | Corporation Tax Bill Introduced

l I CORPORATION TAX BILL INTRODUCED Ono new measure known na nit Senate bill No 09 WAS Introduced In the upper branch of ot the legislature yesterday yes yes- terdal being a. a substitute for Senate bill hill No o. o 91 by Carl A. A Badger Tho The hill bill provides plo for tot annual license taxes to bo he paid by all ull domestic and torel foreign n corporations in in the state except charitable associations and other bodies exempt from the thc tax The Tho mea measure uro provides pro A that all aU domestic domestic do do- domestic corporations with tho tIm exceptions exceptions exceptions noted and all nil forel foreign n corporations corporations corpora corpora- hereafter cn engaging In business shall procure procuro a certificate from the thc secretary of or state nn and shall pay a corporation corporation cor cor- license tax according to capital capital capi capi- tal The tax Is graded from 5 for or corporations with an authorized capital capi- capi tal stock of at or less les to 50 O for II those with a n capital In excess of or OO- OO The bill provides that the tho if pa passed ed t shall hall go 0 Into effect October 1 I 1900 1909 I