Pennsylvania Act 1861-660 — BROKERS AND PRIVATE BANKERS

Act text

BROKERS AND PRIVATE BANKERS - RELATING TO
                  Act of May 16, 1861, P.L. 708, No. 660              Cl. 72
                                  AN ACT

     Relating to Brokers and Private Bankers.

        Section 1.  Gross receipts of private bankers; annual return
        Every private banker in this Commonwealth shall, on or before
     the fifteenth day of February, one thousand nine hundred forty-
     eight, and on or before the same date in each year thereafter,
     make a written return, under oath or affirmation, to the
     Department of Revenue of this Commonwealth, in which return he
     shall exhibit and set forth the full amount of his gross
     receipts from commissions, discounts, abatements, allowances,
     and all other receipts arising from his business during the
     thirteen-month period immediately preceding the first day of
     January, one thousand nine hundred forty-eight, in the return to
     be made February fifteenth, one thousand nine hundred forty-
     eight, and during the calendar year immediately preceding the
     return to be made February fifteenth, each year thereafter, and
     shall forthwith pay into the State Treasury, through the
     Department of Revenue, one per centum upon the aggregate amount
     of such gross receipts contained in such return, for the use of
     the Commonwealth. 1861, May 16, P.L. 708, Sec. 1; 1895, June 27,
     P.L. 396, Sec. 1; 1901, June 13, P.L. 559, Sec. 1; 1929, April
     25, P.L. 679, Sec. 1; 1947, June 21, P.L. 860, Sec. 1.
        Section 3.  Payment of tax and costs to suspend penalty if
     incurred
        The Auditor General be and he is hereby authorized and
     required to examine all cases of penalties, incurred under the
     third section of the act, to which this is a supplement, (act of
     1861, May 16, P.L. 708, Sec. 3.) and upon payment of all taxes
     due to the Commonwealth, by any of the parties incurring the
     same, the collection of the penalty therein named, shall be
     suspended, upon payment of costs by defendant.  1864, May 1,
     P.L. 701, Sec. 1.
        Section 4.  License to be paid as before
        All brokers and private bankers shall be required to pay
     license as heretofore, in addition to the amounts which they
     shall be required to pay under the provisions of this act.
     1861, May 16, P.L. 708, Sec. 4.