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Description and Holding Information
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House. Comm. on Banks and Banking. Report on taxing bank stocks, 1863
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Forty-second Legislature. House. No. 6. Report [by the Committee on Banks and Banking ... to inquire into the expediency of taxing bank stocks
owned out of the state ...] Maine had 69 banks. All but two of them had reported the required information on stockholders. Nearly one quarter of the
stock was titled in such a way as to escape taxation. The Committee was greatly offended by the various attempts to elude accountability. An Act to
provide for taxing bank stock, 1863. The stock of any bank that had not been taxed was liable to state, county, or town tax. The holder of the stock
could not receive any dividends until the tax had been paid. Bank cashiers had to provide records when asked. The State Treasurer required
jurisdictions to remit the state's share by December 1 of each year. If they failed to do so, no school fund money would be available to their jurisdiction.
(Digitized from a microfilm copy of title originally held by the Library of Congress).
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Title:
Report : the committee on banks and banking, to whom was referred an order to inquire into the expediency of taxing bank stocks owned out of the State, and unknown, have attended to the duty assigned them, and ... .
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OCLC Number:
1423505834
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Available Volumes
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| Name | Fiche Count | Online | Paper Backup |
| Vol. 1 | | Yes | No |
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