...twenty-seven, is hereby amended to read as follows : § 187. Franchise tax on insurance corporations. A tax for the privilege of exercising corporate franchises or for carrying on business in a corporate or organized capacity within this state equal (a) in the case of life insurance corporations...

...franchise tax for the privilege of exercising corporate franchises within the state equal to one per cent, on the gross amount of premiums received during the preceding calendar year on business done in the state is exacted of insurance companies, both domestic and those organized...

...118, Sec. 1, provides that every domestic insurance corporation shall pay a privilege or franchise tax equal to one per centum on the gross amount of premiums...the preceding calendar year, for business done in the State, and that such tax shall be paid annually on or before the 1st day of June. The amendatory...

...decided, the statute (chapter 118 of the Laws of 1901) provided for a franchise tax of the present amount "for carrying on business in their corporate or organized capacity within this state" on the "gross amount of premiums received during the preceding calendar year for business done in this...

...are 'collectedjrom policies subsequently canceled and from reinsurance. (T^x™ Law.) bec. 18j7."' "An annual State tax for the privilege of exercising...during the preceding calendar year for business done at any time in this State, which gross amount of premiums shall include all premiums received during...

...their corporate or organized capacity within this state equal to \% on the gross amount of preminms received during the preceding calendar year for business done in this state, whether such preminms were in the form of money, notes, credits, or any other substitute for money, shall be paid...

...ordinary corporations locally, and upon their gross receipts by the State, under the following provisions: "An annual state tax for the privilege of exercising...done in this state, whether such premiums were in the « N. Car. Machinery Act of 1903, § 68. « NB 1892, ch. 4, § 1, cl. 2, 3, 4. « Ibid. ch. 5, § 1....

...provisions of section 187 of the Tax Law were amended, and, so far as material, provide as follows : " An annual state tax for the privilege of exercising...state equal to one per centum on the gross amount of preminms received during the preceding calendar year for business done in this state, Opinion of the...

...Laws, p. 3984.) Nature of tax; gross amount of premiums. — The tax imposed by the above section upon the gross amount of premiums received during the preceding calendar year for business done in this state by an insurance company is not a tax upon property, but is purely a franchise tax. Although the act...

...insurance companies," provided for an annual state tax upon life insurance companies equal to one per cent on the gross amount of premiums received during the preceding calendar year for business done in the state, field, that since this tax is imposed " for the privilege of exercising corporate franchises,"...