A Report on the Taxation Revenue System of Illinois, 1910

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Excerpt from A Report on the Taxation Revenue System of Illinois, 1910: Prepared for the Special Tax Commission of the StateCorporations in general are subject to taxation in the same man ner as individuals, but railroad property is assessed by the State Board Of Equalization, and Illinois corporations (with important exceptions) are also taxed on an assessment, by the same board, of their capital stock on the excess value above the assessed value of their tangible property.In addition to the general property tax, the state receives considerable revenue from a percentage of the gross earnings of the Illinois Central Railroad. There is also a tax on gross premiums of life insurance companies, an inheritance tax, and some revenue from fees and miscellaneous sources.Local districts have also some sources of revenue besides the general property tax. In counties there are fees and some licenses. In cities there are various business licenses, notably the liquor license, also special assessments for local improvements and some commercial revenue from water works, etc. There is also a poll tax for road district purposes only.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.