Page images
PDF
EPUB
[blocks in formation]

In most States a foreign corporation, desiring to come into the State to do business, is taxed for the privilege of doing so. This tax, which is paid once for all at the time the foreign corporation first comes into the State, corresponds closely to the incorporation tax imposed upon domestic corporations; and indeed if there were no other reason for its imposition it would be necessary in order to prevent foreign corporations, which are not obliged to pay the incorporation tax, from having in that respect an undue advantage over domestic corporations. This tax imposed upon foreign corporations is called a privilege tax.

8702. States imposing a tax equal to incorporation tax.

In several States a foreign corporation is to pay a tax for

the privilege of doing business within the State equal to the incorporation tax for domestic corporations.

7

2

This is the case in Alabama,1 Arizona, Arkansas,3 California,* Colorado, Idaho, Iowa, Kansas, Michigan, Nebraska, 10 New Mexico,11 Oklahoma, 12 South Carolina,13 Virginia,14 Washington, 15 Wyoming."

§ 703. States imposing no privilege tax.

No provision appears to be made for payment of a fee for doing business by a foreign corporation in the District of Columbia, Florida, Georgia, Kentucky, Louisiana, Maine, New Hampshire, North Carolina, Rhode Island. In Vermont the annual license fee takes the place of any franchise tax.

[merged small][ocr errors]

For filing certified copy of foreign laws,

For filing designation of agent,

For certificate of full payment of fees and taxes,

1 Ala. Code, § 1321.

2 Ark. 1899, Act 19, § 2.

3 Ariz. 1903, ch. 29, §§ 1, 3.

4 Cal. 1901, ch. 93.

5 Colo. 1897, ch. 51.

Ida. Civ. Code, § 2126.

7 Ia. Code, § 1637.

8 Kan. Gen. Stat. § 1267.

Mich. 1901, No. 206.

10 Neb. Comp. Stat. § 4991, cl. 3.

11 N. Mex. 1903, ch. 114.

12 Okla. Stat. § 2900.

$30 00

30

30

5 00

5 00 5.00 17

13 This appears to be the rule: compare S. Car. Rev. Stat. §§ 1467, 1471,

1901, ch. 399, § 1, Code, § 1888.

14 Va. 1902, ch. 509, § 1 (same as corporation created under general laws).

15 Wash. 1897, p. 134, § 1.

16 Wyo. Rev. Stat. § 3030.

17 Colo. 1901, ch. 52, §§ 4, 5, 10.

§ 705. Connecticut.

For filing its certificate of incorporation a foreign corporation pays $10.00, and $5.00 for filing its statement of condition.18

$ 706. Delaware.

A foreign corporation pays a fee of $50.00.19

8707. Illinois.

A foreign corporation pays the same fee as a domestic corporation on the proportion of its capital stock represented by its property located and business done within the State.20

8708. Indiana.

A foreign corporation pays upon the first ten thousand dollars ($10,000.00) or under, of the proportion of its capital stock represented by its property and business in the State of Indiana, twenty-five dollars ($25.00), and upon the proportion of its capital stock represented by its property and business in the State of Indiana, over and above ten thousand dollars ($10,000.00), incorporating taxes and fees equal to those required of similar corporations formed within and under the laws of this State.21

§ 709. Maryland.

A foreign corporation pays a fee of $25.22

§ 710. Massachusetts.

Business corporations of other States pay $25; 23 other foreign corporations, $10.24

18 Conn. Gen. Stat. § 4811.

19 Del. 1893, ch. 703.

20 Ill. Rev. Stat. ch. 32, § 67c.

21 Ind. 1903, ch. 127.

22 Md. 1898, ch. 270.

23 Mass. 1903, ch. 437, § 91.

24 Mass. Rev. L. ch. 126, § 20.

8711. Michigan.

A foreign corporation pays one-half a mill on each dollar of the proportion of its capital stock represented by the property owned and used and business transacted in Michigan, but in no case less than $25.00.25

§ 712. Minnesota.

A foreign corporation pays $50 for the first fifty thousand dollars and $5 for each additional ten thousand dollars of that proportion of the capital stock which is represented by its property located and business transacted within the State.26

713. Mississippi.

A foreign corporation pays a fee of $15.00.27

8714. Missouri.

A foreign corporation pays a license fee of $10.00,28 and in addition on its capital invested in Missouri, fifty dollars on the first fifty thousand dollars, and five dollars for each additional ten thousand.20

§ 715. Montana.

A foreign corporation pays a fee of $20.00.30

8716. Nevada.

A foreign corporation pays a fee of $10.00.31

8717. New Jersey.

A foreign corporation pays a fee of $10.00.32

25 Mich. 1901, ch. 206, § 1.

26 Minn. 1899, ch. 69, § 3.

27 Miss. 1900, ch. 45, § 1.

28 Mo. Rev. Stat. § 1317.

29 Ibid. § 1025.

30 Mont. 1899, p. 44.

31 Nev. 1993, ch. 121, § 102.

32 N. J. Corp. L. § 114.

§ 718. New York.

Every foreign corporation (except banking and insurance companies and building and loan associations) pays a license fee of one-eighth of one per cent. on the capital stock employed within the State for the privilege of carrying on business within the State.33

8719. North Dakota.

The fee for filing copy of articles of incorporation and appointment of Secretary of State as attorney for service is $25.00.34

§ 720. Ohio.

Every foreign corporation for profit doing business within the State pays a tax for the privilege of exercising its franchises within the State of one-tenth of one per cent. on the proportion of the authorized capital stock of the corporation represented by property owned and used and business transacted within the State; "being the same fee required to be paid [on their entire capital stock] by corporations formed under the laws of Ohio." 35

§ 721. Oregon.

A foreign corporation pays a fee of $50 for filing the required papers before engaging in business.36

§ 722. Pennsylvania.

Foreign corporations "whose principal office or chief place of business is located in this Commonwealth, or which have any part of their capital actually employed wholly within this State" pay "a bonus of one-third of one per centum upon the amount of their capital actually employed or to be employed

33 N. Y. 1901, ch. 558.

34 N. Dak. Rev. Code, § 3261 note.

35 Oh. Rev. Stat. § 148 c.

36 Ore. 1903, p. 39, § 7.

« EelmineJätka »