Laws Affecting Taxation of the Session of 1906. CHAPTER 4. A Supplement to an act entitled "An act for the assessment and collection of taxes," approved April eighth, one thousand nine hundred and three. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: of acts de successor to 1. The powers conferred and duties imposed by law Performance upon any officer in respect to the collection of taxes volving upon or the sale of, or the execution and delivery of cer- taxing officer. tificates of sale of lands for or on account of taxes, including the power and duty of issuing, signing, sealing, acknowledging and delivering to purchasers certificates of sale as conveyances of said lands in cases in which such lands have been or shall be sold for taxes and no certificates of such säle executed or delivered, shall not lapse or cease to exist by reason of the expiration of his term of office, or by reason of any vacancy which may arise in his said office, but all such powers and duties shall, so far as the same shall not have been executed or performed, devolve upon his successor in office, and be executed and performed by such successor, and upon the execution or performance thereof by such successor within four months from the date of the qualification of such successor, the acts of such successor in the premises shall have the same force and effect as if such powers and duties and said acts in pursuance thereof had been executed or performed by his predecessor within the time or times specified therefor in the act to which this is a supplement. 2. That this act shall be deemed and taken to be a remedial act, and to operate both prospectively and retro Act construed liberally. spectively, and be liberally construed to effectuate the remedial objects thereof, and shall take effect immediately. Approved February 24, 1906. Payment made on ac pending appeal. CHAPTER 9. A Supplement to an act entitled "An act to abolish the State Board of Taxation and to create in lieu thereof a board for equalization, revision, review and enforcement of tax assessments," approved March twentyninth, one thousand nine hundred and five. Be it enacted by the Senate and General Assembly of the State of New Jersey: 1. Whenever an appeal, under the provisions of the count of taxes act to which this is a supplement, shall be taken, to the Board of Equalization of Taxes of New Jersey, from an assessment fixed by any assessor or commissioners or board of assessors, it shall be lawful for the land owner and the taxing district, through its tax collector or other equivalent officer, pending said appeal, to agree upon an amount of taxes to be paid upon the assessment appealed from. Said amount shall be not less than the amount of taxes last paid by the owner of said land previous to the filing of such appeal together with interest penalties thereon up to the date of payment and shall not be in full settlement of the taxes levied, but shall be credited on account of such taxes as upon said appeal shall be finally ascertained and determined. Amount credited. Determina tion of amount. Payment not to prejudice claim. 2. In the event of the said land owner and tax collector being unable to agree upon the amount of taxes to be paid as aforesaid, it shall be lawful for said Board of Equalization of Taxes, upon application of either party to the appeal and upon two days' written notice. to the other, to fix by order the amount of taxes which the said land owner may pay to such collecting officer pending the settlement of said appeal. 3. Any payment made as aforesaid shall be allowed" for the purpose of saving the interest penalty upon the amount of the payment paid on said taxes, after the date of such payment, and shall not operate to prejudice the claim of either party upon said appeal. 4. All acts and parts of acts inconsistent herewith be Repealer. and the same are hereby repealed. 5. This act shall take effect immediately. Approved March 7, 1906. CHAPTER 19. A Further Supplement to an act entitled "An act to provide for the imposition of State taxes upon certain corporations and for the collection thereof," approved April eighteenth, one thousand eight hundred and eighty-four. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: on certain 1. All corporations incorporated under the laws of Franchise tax this State, other than those which are subject to the public utility payment of a State franchise tax assessed upon the corporations. basis of gross receipts, shall make annual return to the State Board of Assessors on or before the first Tuesday of May in each year, and shall state therein the amount of the capital stock of such corporation issued and outstanding on the first day of January preceding the making of said return, together with such other information as may be required by said board to carry out. the provisions of this act, and shall pay an annual license fee or franchise tax of one-tenth of one per Rate and centum on all amounts of capital stock issued and outstanding up to and including the sum of three million dollars; on all sums of capital stock issued and outstanding in excess of three million dollars and not exceeding five million dollars, an annual license fee or franchise tax of one-twentieth of one per centum, and the further sum of fifty dollars per annum per one million dollars, or any part thereof, on all amounts of capital stock issued and outstanding in excess of five million dollars; and any shares of stock either fully paid or partially paid in cash or by property purchased classification. |