§ 1896. Capital stock tax; proportion of exemption where certain assets are exempt
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal Affairs
72 P.S. § 1896
§ 1896. Capital stock tax; proportion of exemption where certain assets are exempt
Whenever any corporation, joint-stock association, limited partnership, or company, subject to tax upon its capital stock imposed by and under the laws of this Commonwealth, owns assets which are exempted or relieved from the capital stock tax under the laws of this Commonwealth, the proportion of the capital stock exempted or relieved from the capital stock tax, by reason of the ownership of such assets, shall be the proportion which the value of such assets bears to the value of the total assets owned by such corporation, joint-stock association, limited partnership, or company.
Credits
1931, June 22, P.L. 685, No. 250, § 1.
72 P.S. § 1896, PA ST 72 P.S. § 1896
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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