Where And How; a Corporation Hand book And Comparative Digest of the Laws of Delaware, Maine, Massachusetts, New Jersey, New York And Pennsylvania, Relating to the Formation, Regulation And Taxation of Business Corporations, Arranged By States And in Numb

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L., 1903, c. 394, § 11). Real estate is assessed where situated (P. L., 1903, c. 394, § 6).
Foreign corporations regularly doing business in this state are as- sessed for the amount of capital usually employed in this state in the doing of such business, and not otherwise taxed as real property or tangible personal property, in the tax district where such business is most usually carried on and transacted (P. L., 1903, c. 394, § 16). Real estate is taxed where located (Id., § 6). Tangible perso
...nal property is assessed in the tax district where found (Id., § II).
JVlortgages owned by corporations are exempt from taxation (Id., § 16).
All property is assessed as of the 20th day of May in each year (Id., § 5), and taxes must be paid before the 20th day of December following (Id., § 42).
50. TAXATION OF SHARES OF STOCK, (a) Generally.
The following property shall be exempt from taxation under the Revised Tax Act of 1903, namely: (5) The shares of stock of any corporation of this state, which by contract with the state is expressly exempted from taxation, and the shares of stock of any corporation of this state the capital or property whereof is made taxable to and against said corporation.


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