Supplement

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 Excerpt: ... tax is a tax upon property as distinguished from a tax upon business.68 Concerning the right of a municipality to levy taxes on a lease owned by a corporation with its principal place of business jn the city, as money invested in the enterprise, it was held that the lease represented capital invested in the business although the property leased was beyond the municipal area.64 81 State ex rel. v. Nickerson, 99 Tax of trust fund where trus Neb. 517, 156 N. W. 1039. tees resided in various municipali Lands taken for storage, reser-ties under will of decedent who voirs, etc., for water supply to prior to his death resided in the the city, to be assessed and taxed municipality levying the taxes and in the counties in which located. the trust fund was created to rePeople ex rel. v. Neville, 170 N. pair certain church buildings in Y. S. 583. another municipality. McLelland Right to tax canals, pipe lines, v. Concord, 78 N. H. 89, 97 Atl. ditches and conduits for the con-552. veyance and distribution of wa-Personal property within munici ter, etc. Temescal Water Co. v. pal area. Austin v. Great South Niemann, 22 Cal. App. 174, 133 era Life Ins. Co. (Tex. Civ. App. Pac. 992. 1919), 211 S. W. 482. "Intangible personal property," 52Fairbanks v. Independent includes capital of merchants. Meat Market, 4 Alaska 147. Richmond v. Drewry-Hughes Co., 53 American Mfg. Co. v. St. 122 Va. 178, 94 S. E. 989, revere-Louis, 270 Mo. 40, 192 S. W. 402. ing 90 S. E. 635; American Tobacco 54 Johnston v. Harrison Naval Co. v. Richmond (Va. 1919), 99 S. Stores Co., 108 Miss. 627, 67 So. E. 777. 147. 8 McQ.--B6 Under a law authorizing a municipality to tax property within its limits, taxes may be collected on property in the town when the liability for taxes is fixed by the l...