Ledger of taxes on corporations A1301

Ledger of taxes on corporations

Some content may contain outdated and offensive terminology. See: New York State Archives Statement on Language in Descriptive Resources

Overview of the Records

Repository:

New York State Archives
New York State Education Department
Cultural Education Center
Albany, NY 12230

Summary:

This ledger records taxes assessed on and paid by corporations. Information includes incorporated companies; amount of real and personal property owned; tax or commutation due; amount of stock owned by residents of the county; and amount of tax collected. Individual stockholders' names are not given, but the various incorporated companies (banks, insurance companies, turnpike and steamboat companies, etc.) are listed.

Creator:

New York (State). Comptroller's Office

Title:

Ledger of taxes on corporations

Quantity:

0.5 cubic feet

1 volume

Inclusive Dates:

1824-1829

Series Number:

A1301

Arrangement

Alphabetical by county.

Scope and Content Note

This ledger records taxes assessed on and paid by corporations.

On the debit side are listed: incorporated companies; amount of real and personal property owned; and amount of tax or commutation due, after deductions of 6% for fees of County Treasurer and Collector. On credit side are listed: amount of stock (in dollars or shares) owned by residents of the county; and amount of tax collected. By Laws of 1823, corporation property was to be taxed as owned by individual shareholders, and tax was to be paid by the appropriate corporation official to the State Treasury. The tax might be commuted at a standard rate of 10% of profits or dividends. After deduction of the state tax the Comptroller returned the residue to the individual counties in proportion to the amount of stock owned by residents of the county. This ledger lists only the amount of stock (in dollars or shares) on the credit side. Individual stockholders' names are not given, but the various incorporated companies (banks, insurance companies, turnpike and steamboat companies, etc.) are listed on both sides of the ledger.