Excerpt from The Taxation of Corporations in New York: With Forms, and an Appendix Containing the Provision of the Federal Income Tax Law Affecting Corporations Since the publication of the first edition of this book in 1905 by Mr. Powell, there have been many additions to the case law in connection with local taxation, and the statutory changes affecting the taxation of corporations for state purposes have been frequent and radical. The statute governing the annual franchise tax ( 182 et seq. Tax Law) which was radically amended in 1906 and 1907 has now been construed by the Courts in most important particulars. The subject of the special franchise tax, which at the time of the publication of the first edition was still before the Federal Courts on the question of its constitutional construction, has now been passed on by those courts as constitutional, and has also been interpreted by the Court of Appeals in this state in many of its features, particularly on the important question of the method of arriving at the value of the special franchise. It may, therefore, be said that the development of this important branch of state taxation has now been marked out on permanent lines. All of these things have induced the authors to prepare and present a second edition of the book, bringing the case and statute law, affecting corporations in this state, down to date, and to make the book complete as a work on corporate taxation, the new Federal Corporation Tax Law (Income Tax Law) has been added. The present edition has, in the main, followed the scheme presented in the first edition, viz.: that of a commentary on the statute and case law of taxation. The body of the book has again been divided into four parts. I. Local Taxation, which comprehends the assessments of corporations by local assessors for local purposes. II. The Special Franchise Tax assessed by state officers, and partly administered by local officers. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."