Capital Stock Definition

Capital Stock Sentence Examples

• A savings bank is taxed on its deposits, and a state bank is taxed on its capital-stock.

• The first private state bank was opened in 1817; an act of 1831 provided for a safety fund guaranteeing bank circulations and derived from a 41% tax on capital stock and a 1 o% tax on profits; but this law was modified in 1842, the tax being removed from banks giving specie guarantees; and a free banking act was passed in 1851.

• During practically the entire period before the Civil War their note issues constituted a smaller proportion of the capital stock than those of any other state.

• During the period from 1890 to 1901 twenty national banks retired from business, and the total capital stock was reduced from about twenty millions to about thirteen millions of dollars.

• 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.