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February 10, 1908.
State Board of Tax Commissioners
STATE OF NEW YORK.
ALBANY, February 10, 1908.
To Hon. James W. Wadsworth, Jr., Speaker of the Assembly:
SIR.- We have the honor herewith to transmit our annual report for the year 1907.
EGBURT E. WOODBURY.
BENJAMIN E. HALL,
OFFICE OF THE STATE BOARD OF Tax COMMISSIONERS,
ALBANY, V. Y., February 10, 1908. To the Legislature of the State of New York:
The State Board of Tax Commissioners respectfully submits for the consideration of the Legislature the following report for the year 1907:
SPECIAL FRANCHISE TAXES.
A careful compilation shows that taxes remain unpaid upon a total of $1,483,233,788 of assessments made by this Board under the provisions of the Special Franchise Tax Law. Of this vast amount, the sum of $1,443,282,693 still stands upon the assessment rolls in New York city alone, while the taxes remain unpaid upon total assessments of $39,951,095 in other parts of the State.
Special franchise tax assessments have been made under the present law in this State for eight years. During those years the State Board of Tax Commissioners has made total assessments against corporations, firms or individuals amounting in the aggregate to $2,717,948,454. The records show that during the eight years since the law went into effect the corporations, firms and individuals against whom these assessments have been made have paid less than one-half of the taxes due upon the assessments so made. It is regarded by this Board as a conservative estimate that there is now due in taxes under this law approximately $22,250,000, of which about $21,650,000 is due in the city of New York alone.
The assessments which form this vast aggregate are in litigation either before the courts directly or before referees appointed by the courts. Total assessments of $1,115,518,067 are being litigated before referees. The assessments pending directly in the courts (i. e., not sent to referees) total $367,715,721.
To further illustrate the neglect which has been permitted in the collection of these taxes it is noted that of the special fran