Mo. 6. DEPARTMENT OF AGRICUl/rUHE. 131 



poses, a« is invested in and acluallv and exclusively eniplojed in 



carrylDg on nianufactniing witliin (lie Commonwealth, except com 



panies enj^aj-cd in the brewing or distilling of spirituous or malt 



liquors, and such as enjoy and exercise the right of eminent domain, 



is exempt from the ])ayment of tax. 

 Act June 8, 1893, (P. L., page 293). 



5. In the case of fir(? and marine insurance comi)anies, the tax is 



at the rate of three mills on each dollar of the actual value of the 



capital stock. 



Act of June 8, 1893, (P. L., page 353). 



6. In the case of companies incorporated to maintain a bourse or 



exchange hall, or a meeting place for merchants or other business 



men, or for the exhibition of manufactured articles or natural 



products, that portion of their capital stock that the bourse hall or 



exchange represents is exempt from taxation; but if in any year a 



dividend is declared upon the whole capital stock, companies are 



taxable for such year upon their whole capital stock. 

 Act June 10, 1893, (P. L., page 417). 



7. Companies organized and incorporated to distil liquors and 



selling the same at wholesale, are required to make report and pay 



annually a tax of ten mills upon every dollar of the actual value of 



its capital stock of all kinds. 



Act July 15, 1897, section 2, (P. L., page 294). 



8. A four mill lax is required to be paid upon full paid, prepaid, 

 and fully matured or partly matured stock of building and loan asso- 

 ciations, upon which annual, serai-annual, quarterly or monthly cash 

 dividends or interest is paid, such tax to be deducted from the cash 

 dividend or interest paid, and returned to the State Treasury. Do- 

 mestic corporations must make report to the Auditor General and 

 foreign corporations to the Banking Department, and said Depart- 

 ment must certify to the Auditor General the amount of stock out- 

 standing subject to tax; upon failure to pay tax, the foreign corpora- 

 tion forfeits its right to do business in the Commonwealth ; no tax 

 is required to be paid upon matured stock upon which periodical 

 payments are required to be made, or upon such stock after it has 



matured and is in process of payment. 



Act June 22, 1897, section 1, (P. L., page 178). 



stock which the total number of miles traveled in Pennsylvania by their cars 

 bears to the total number of miles traveled by all their cars in all states; 

 bridge companies connecting Pennsylvania with other states are taxed on 

 one-half their capital stock.— Erie R. R. Co. case, (98 P. S. R., page 127); 

 Western Union Tel. case, (15 W. N. C, page 331); Pullman Palace Car case, 

 (107 P. S. R., page 156); Trenton Bridge Co. case, (9 Am. Leg. Reg. 0. S., 

 page 298). 



