The Bulletin of the National Tax Association, Volumes 9-10The Association, 1924 |
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Page 20
... measure , which imposed a burden on interstate commerce and an impost on imports , in violation of the federal con- stitution , and that the statute violated the uniformity clause of the state constitution . The statute was upheld , the ...
... measure , which imposed a burden on interstate commerce and an impost on imports , in violation of the federal con- stitution , and that the statute violated the uniformity clause of the state constitution . The statute was upheld , the ...
Page 21
... measure of value . It observed , however , that with a wasting property , such a method would become excessive as exhaustion proceeded and that the rule would produce only ap- proximate equality ; that while much lati- tude must be ...
... measure of value . It observed , however , that with a wasting property , such a method would become excessive as exhaustion proceeded and that the rule would produce only ap- proximate equality ; that while much lati- tude must be ...
Page 41
... measure whereby it may be de- termined when the capital invested in any particular type of business undertaking is " other moneyed capital " or is just " busi- ness capital . " We do get from the state's interpretation , however , that ...
... measure whereby it may be de- termined when the capital invested in any particular type of business undertaking is " other moneyed capital " or is just " busi- ness capital . " We do get from the state's interpretation , however , that ...
Page 42
... measured in terms of money , nor all forms of investment in which the interest of the owner is expressed in money , nor shares of stock represented by certificates showing that the owner is entitled to an interest expressed in money ...
... measured in terms of money , nor all forms of investment in which the interest of the owner is expressed in money , nor shares of stock represented by certificates showing that the owner is entitled to an interest expressed in money ...
Page 54
... measure the income of the sub- sidiary subject to the jurisdiction of the state by another standard ; and that it was settled in New York that the ownership of a controlling interest in the shares of a domestic company was not enough to ...
... measure the income of the sub- sidiary subject to the jurisdiction of the state by another standard ; and that it was settled in New York that the ownership of a controlling interest in the shares of a domestic company was not enough to ...
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Common terms and phrases
A. E. HOLCOMB administration amendment amount annual appeal applied assessment assessors authority basis bonds burden capital stock cent City claimed collection conference constitution cost court held death taxes decedent decision deduction district dividends eral erty estate tax ex rel excess profits tax excise exempt expenditures fact foreign corporation franchise gasoline tax ground highways income tax increase inheritance tax interest interstate commerce invalid issue land legislation legislature license tax Massachusetts ment moneyed capital motor vehicle municipality N. Y. Supp national banks National Tax Association net income non-resident North Carolina North Dakota owner paid payment personal property poll tax poration prop property tax purposes question railroad real estate Revenue Act roads securities shares statute Tax Commission Tax Commissioner tax law taxa taxable taxation taxes levied taxpayer tion trust United valuation Wisconsin York
Popular passages
Page 147 - The General Assembly shall provide by law for a uniform and equal rate of assessment and taxation ; and shall prescribe such regulations as shall secure a just valuation for taxation of all property, both real and personal, excepting such only for municipal, educational, literary, scientific, religious or charitable purposes, as may be specially exempted by law.
Page 50 - The times and places of the meetings of the Board and of its divisions shall be prescribed by the chairman with a view to securing reasonable opportunity to taxpayers to appear before the Board or any of its divisions, with as little inconvenience and expense to taxpayers as is practicable.
Page 41 - State coming into competition with the business of National banks: Provided, That bonds, notes, or other evidences of indebtedness in the hands of individual citizens not employed or engaged in the banking or investment business and representing merely personal investments not made in competition with such business, shall not be deemed moneyed capital within the meaning of this section.
Page 14 - Let us develop the resources of our land, call forth its powers, build up its institutions, promote all its great interests, and see whether we also, in our day and generation, may not perform something worthy to be remembered.
Page 153 - ... the rate shall not be higher than the rate assessed upon other financial corporations nor higher than the highest of the rates assessed by the taxing State upon mercantile, manufacturing, and business corporations doing business within its limits...
Page 226 - ... (b) To the extent of any interest therein of which the decedent has at any time made a transfer, or with respect to which he has created a trust, in contemplation of or intended to take effect in possession or enjoyment at or after his death, except in case of a bona fide sale for a fair consideration in money or money's worth.
Page 52 - The tax shall be such part of the tax computed on such annual basis as the number of months in such period is of twelve months.
Page 242 - ... net income" means the net income as defined in section 21, increased by the sum of the amount of the dividend deduction allowed under section 23 (p) and the amount of the interest on obligations of the United States issued after September 1, 1917, which would be subject to tax in whole or in part in the hands of an individual owner.
Page 241 - ... for the purpose of preventing the imposition of such tax through the medium of permitting such gains and profits to accumulate instead of being divided or distributed...
Page 140 - That the power to tax involves the power to destroy ; that the power to destroy may defeat and render useless the power to create ; that there is a plain repugnance in conferring on one government a power to control the constitutional measures of another, which other, with respect to those very measures, is declared to be supreme over that which exerts the control, are propositions not to be denied.