Archived Bill Info

"SARRAF"

An Act to further amend section 1 of the act, approved the thirteenth day of June, one thousand nine hundred seven (P. L. 640), entitled "An act to provide revenue by levying a tax upon the shares of stock of companies incorporated under the provisions of section twenty-nine of an act. entitled "An act to provide for the incorporation and regulation of certain corporations', approved April twenty-ninth, one thousand eight hundred and seventy-four, and the supplements thereto; for the insurance of owners of real estate, mortgages, and others interested in real estate, from loss by reason of defective titles, liens, and encumbrances; and of companies entitled to the benefits of, and of companies having any of the powers of, companies entitled to the benefits of an act. entitled 'An act conferring upon certain fidelity, insurance, safety deposit, trust, and savings companies the powers and privileges of companies incorporated under the provisions of section twenty-nine of an act, entitled "An act to provide for the incorporation and regulation of certain corporations," approved April twenty-ninth, Anno Domini one thousand eight hundred and seventy-four, and of the supplements thereto' approved June twenty-seventh, one thousand eight hundred and ninety-five commonly known as title insurance or trust companies," by requiring every title insurance or trust company, bank and trust company or trust company to compute and pay the State tax on shares of capital stock when making reports and extending the date for making such reports.

0945 White

Referred to the Committee on Ways and Means, June 28.

Reported as committed, September 13.

Passed first reading, September 14.

Passed second reading, September 19.

Passed third reading and final passage, September 20. (200-0)

In the Senate

Referred to the Committee on Banking, September 26.

Reported as Reported as committed, November 22.

Passed first reading, November 22.

Passed second reading, November 29.

Passed third reading and final passage, November 30. (50-0)

Approved by the Governor, December 13.

Act No. 247