Sentence Examples with the word capital stock

The expenses of the state government are met chiefly by special taxes on railway and canal corporations, a franchise tax on the capital stock of other corporations, a collateral inheritance tax and leases of riparian lands.

The taxing system of Iowa embraces a general property tax, corporation taxes (imposed on the franchises or on either the capital stock or the stock in the hands of shareholders), taxes on certain businesses and a collateral inheritance tax.

The rate of this tax decreases as the amount of capital stock increases, thus favouring large corporations.

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The tax on corporations, originating as a capital stock tax in 1880 and extended through succeeding years, is administered by the state comptroller.