Proceedings of the Annual Meeting of the Kentucky State Bar ..., volume 4
Proceedings of the Annual Meeting of the Kentucky State Bar ..., volume 4
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In our eReader you can find the full English version of the book. Read Proceedings of the Annual Meeting of the Kentucky State Bar ..., volume 4 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Proceedings of the Annual Meeting of the Kentucky State Bar ..., volume 4
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The method of reaching the value of the capital stock or entire property of a public service corporation, and conse- quently its franchise, made subject to State and local taxation, is not defined by the statute, and the method employed by the State Board has varied with the business conducted or character of the corporation, company or association. Re- I>orts, duly verified, containing certain facts are required to be filed with the Auditor by October 1st and made up as of September 15th in ea...ch year, except from bank and trust com- panies, whose reports are to be filed with the Auditor by March 1st in each year and made up as of December 31st pre- ceding. Among other facts required to be disclosed by the reports are the following: The kind of business engaged in; the amount of capital stock, preferred and common; the number of shares of each; the amount of stock paid up; the par and real value thereof; the highest price at which such stock was sold at a bona fide sale within twelve months next before the fifteenth day of Sep- tember of the year in which the statement is required to be made; the amount of surplus fund and undivided profits, and the value of all other assets; the total amount of indebted- ness as principal; the amount of gross or net earnings or income, including interest on investments, and incomes from all other sources for said twelve months; the amount and kind of tangible property in this State and where situated, assessed, or liable to assessment in this State, and the fair cash value thereof, estimated at the price it would bring at a fair voluntary sale.
What to read after Proceedings of the Annual Meeting of the Kentucky State Bar ..., volume 4?
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To quickly assess the difficulty of the text, read a short excerpt:
The method of reaching the value of the capital stock or entire property of a public service corporation, and conse- quently its franchise, made subject to State and local taxation, is not defined by the statute, and the method employed by the State Board has varied with the business conducted or character of the corporation, company or association. Re- I>orts, duly verified, containing certain facts are required to be filed with the Auditor by October 1st and made up as of September 15th in ea...ch year, except from bank and trust com- panies, whose reports are to be filed with the Auditor by March 1st in each year and made up as of December 31st pre- ceding. Among other facts required to be disclosed by the reports are the following: The kind of business engaged in; the amount of capital stock, preferred and common; the number of shares of each; the amount of stock paid up; the par and real value thereof; the highest price at which such stock was sold at a bona fide sale within twelve months next before the fifteenth day of Sep- tember of the year in which the statement is required to be made; the amount of surplus fund and undivided profits, and the value of all other assets; the total amount of indebted- ness as principal; the amount of gross or net earnings or income, including interest on investments, and incomes from all other sources for said twelve months; the amount and kind of tangible property in this State and where situated, assessed, or liable to assessment in this State, and the fair cash value thereof, estimated at the price it would bring at a fair voluntary sale.
What to read after Proceedings of the Annual Meeting of the Kentucky State Bar ..., volume 4?
You can find similar books in the "Read Also" column, or choose other free books by Kentucky State Bar Association to read onlineMoreLess
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