138 ANNUAL REPORT OK THE Off. DoC. 



TAX ON NET EARNINGS OR INCOME. 



i. IStock brokers, bill brokers aud exchange brokers, and private 

 bankers, are required to make a sworn return to the Auditor Gen- 

 eral, on or before the first Monday of December, annually, setting 

 forth the total amount of their receipts from commissions, discounts, 

 abatements, allowances, and all other profits arising from their 

 business, during the year that ended on November 30th, immediately 

 preceding date of return, and to foe thwith pay into the State Treasury 

 three per centum upon the aggregate amount contained in such re- 

 turn; the revenues derived from this source to be appropriated to 

 the State sinking fund. 



Act June 27, 1895, section 1, (P. L., page 397). 



2. Penalty for neglect or refusal to make said return, and to 

 register with the Auditor General, is |1,000, to be settled and col- 

 lected as taxes on bank dividends are settled and collected. 



Act June 27, 1895, section 3, (P. L., page 398). 



3. All corporations and limited partnerships, foreign or domestic, 

 doing business in the Commonwealth, and not subject to tax on cap- 

 ital stock or gross premiums, except incorporated banks and savings' 

 institutions with capital stock and foreign insurance companies, are 

 required to make report, on oath of some officer, annually upon the 

 first Monday of November, of their net earnings or income received 

 from all sources during the preceding year, and to pay into the State 

 Treasury within sixty days thereafter, three per cent, upon such 

 annual net earnings or income, in addition to any tax on personal 

 property to which they may be subject. For neglect or refusal to 

 make report on or before December 31st, such corporations and 

 limited partnerships are liable to a penalty of $1,000, to be added to 

 their tax. Manufacturing companies not subject to this tax. 



Act June 1, 1889, section 27, (P. L., page 435). 



4. All incorporated savings' institutions without capital stock are 

 required to pay |25, and |1 for every .flO0,00O, or fraction thereof, 

 of assets they have in excess of flOO.OOO. to bear the expenses of 

 examination of their accounts by the State Ranking Department. 



Act February 11, 1895, section 4, (P. L., page 7). 



TAX ON COLLATERAL INHERITANCES. 



1. All estates, real, personal and mixed, of every kind, situated 

 within the Commonwealth, whether the person or persons dying, 

 seized thereof, be domiciled within or out of the Commonwealth, and 

 all such estates situated in another State or territory, or country, 

 when the person or persons dying, seized thereof, shall Lave their 



