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Conclusions, 46, 60, 69, 92-105.

Constitutionality, 50-53, 83, 84.

Constitutional provisions, 9, 64.

Cooley, T. M., on franchise tax, 51.

Corporate excess defined, 10, 11, 15, 19.

Corporations classified, showing taxes, fees, etc., paid by each class, 13-15.
Corporation tax defined: Professor Seligman's definition, 7, 8; court de-
cisions, 7, 8, 26; Judge Grosscup's "capitalization of net earnings," 40.
Court decisions as to uniformity, 32-34; as to equality, 37; compelling hon-
est assessment, the Teachers' Federation suit, 36-41; validity of rev-
enue law, 48; legality of action of State Board of Equalization, 48-53;
injunctions, 49; validity of gross and net receipts taxes, 82, 84; valid-
ity of "reciprocal tax," 87.

County clerk, 20, 24.

Cullerton, on merger companies, 23.

Difficulties in assessing corporations, 5, 6, 24, 25, 26; Board lacks power
to compel corporations to furnish data, 25; statistical table showing
character and lack of data, 28-29.

Edsall, James K., Attorney-General, 66, 68.

Exemptions from all taxation, 14; from assessment on capital stock by
State Board, 52-72; by other states, 63; debate in constitutional con-
vention, 64; Manufacturers' Association, 66; decision of 1908, 67; in-
justice of, 68, 70.

Dunne, Governor, recommendation of, 105.

Fees, licenses and retaliatory taxes, 73-91; prior to 1872 retained by cer-
tain state officers, 73; merger fees, 1872 to 1893, 73, 90; general incor-
poration fees, varying for class, and charges sliding, 73-75; statisti-
cal table of, 90-91; examination fees for state banks and savings
banks, 75; on corporations not chartered for pecuniary profit, 74;
insurance incorporation fees, domestic, 78-79; filing of declaration and
charter, filing and declaration of securities by foreign companies, 78;
filing of reports, copies of policies, certificates, etc., 78-79; retaliatory
fees, licenses, taxes, 86; enforcement begun, 87; validity sustained, 87;
productivity of, 88, 89; revenue from, Table IV, 91.

For net and gross receipts tax, see Insurance Companies, General
Property Tax of.

Fire Insurance Companies, see Fees, Licenses, and Insurance Companies.
Foreign corporations, 22, 54, 55, 80, 87.

Franchise tax defined, 8, 51; city tax on franchises, 16; general property

tax on, 19.

Fraudulent assessment, 39, 53.

General property tax, 5, 6, 7, 8, 9, 11, 15, 21, 31, 51, 57, 60, 63, 64, 67, 68,
71, 72, 76, 77, 82, 84, 100, 103, 104.
Gottfried Brewing Company, 70.

Grosscup, Judge, injunction, 40-41; overrules state supreme court, 41.
Gross receipts tax, 82-83.

See Insurance Companies.

Hand, Justice, opinion of Illinois Supreme Court in mandamus suit, 38.

Hearn on "Sworn Statements," 27.

Illinois Steel Company, 70.

Incorporated charities, 14.

Inequality, 34, 35, 41, 51, 68, 70.

Ingersoll, R. G., argues that revenue law violates 14th amendment, 51.
Injunctions, 49, 57.

Insurance Companies: fees, licenses, etc., 78-79, 86-89, 91; general proper-
ty tax of domestic companies, 75; fraternal benefit, 76; life companies
favored, 76-77; undervaluation, 101, net receipts tax of all for-
eign companies except life, 80-84; originated as license tax, 80;
"commerce clause" invoked, 81; changed to gross receipts property
tax in 1853, 82, 83; took present form in 1869, 85; definition of by
court, 84; "reciprocal taxes," section of law authorizing, 86; real
meaning, retaliation, 87; Auditor Swigart begins enforcement, 87;
revenue produced, 88, 89; validity sustained, 87; revenues from in-
surance companies, 91.

Intangible personal property, 5, 11, 25.

Jurisdiction of State Board, 22, 23.

Lewis, J. Hamilton, Chicago Counsel, 42.

Laundry Companies, 70.

License fees; See Fees, licenses, etc.

Life Insurance Companies, 76, 77, 78; special fee of foreign companies

on each $1000 of policies, 79.

Limitations on taxing corporations, 10.

Lippincott, C. E., 17, 18, 22.

Listing of property, II.
Local assessments, II.

See Assessor.

Local license fees, 82-83.

Manufacturers' Association asks exemption from capital stock tax, 66.
Mercantile companies, 13, 62, 66-67.

Miller, Justice, opinion United States Supreme Court on tax injunction
cases involving constitutionality of revenue law, 49.

Mining companies, 13, 62, 66.

National banks, 55, 57.

Number of companies taxed on capital stock, 15, 28-29.

Organization fees: see Fees.

Palmer, Governor, 18.

Personal property tax, 21.

See Assessment and General Property tax.

Porter vs. R. R. I. & St. L. R. R. Co., 48.

Printing and Publishing Companies, 13, 62.
Public Service corporations, 16.

Pullman Company, 41, 42, 96, 99.

Real Property, II, 47.

Revenue Law quoted verbatim, 26, 29, 65, 71, 85, 86.
Revenues from corporation taxes, 75, 97, 88, 90, 91.

Savings banks: see Banks.

Seager, H. R. opinion on method of determining "corporate excess," 31. Secretary of State, 69.

Seligman, E. R. A., defining corporation taxes, 7, 55.

Special Tax Commission of 1910 on bank taxation, 61-62; recommends permanent State Tax Commission, 105.

State Banks, 73, 75.

State Board of Equalization: origin of, 17; its influence on framing of the revenue law, 18-19; its duties and limitations, 10-12; its jurisdiction, 17, 19, 22, 23, 54, 55, 62, 70; its power to get data, 25, 26, 27; its difficulties in securing data shown by Table I, 28-29; its rule used in determining "corporate excess," 29-31, 52; its unwritten rule of undervaluation, 31-36; conflicting legal decisions, 32, 33; new rule adopted in 1900, 37; compelled to retain old rule by mandamus action brought by Chicago Teachers' Federation, 38-41; Judge Grosscup's injunction, 40-41; Capital Stock Committee's proposed record book, 27; why railroad capital stock taken from jurisdiction of, 27; tabulated reports, 28-29, 43-46; fraud in assessment, 38-39; reports of committee not open to criticism and amendment of the Board as whole, 41, 42, 44; deficiencies in its report, 44; character of closed committee, 46.

Statistical Tables, 28, 29, 45, 70, 81, 90, 91, 93, 96.

Stocks and bonds, 12.

Stockbreeding Associations, 13, 62.

Strike fund of union taxable, 15.

Swigart, Auditor, 87, 92.

Sworn statements of capital stock debt, etc., 20, 60.

Tangible property, 11, 47, 54, 60.

Tax Injunction Cases in United States Supreme Court, 49.

Teachers' Federation mandamus suit, 36-41.

Telegraph companies, 14, 15, 20, 22, 48, 54.

Trust companies, 102.

Undervaluation, 32, 35, 36, 39, 53.

Uniformity, 32, 33, 34, 37, 41, 51.

United States Sugar Refining Company, 70.

Valuation: see Assessment.

Warner on "fair cash values," 27.

Western Electric Company, 70.

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