Section 3. Returns of Tax.--(a) For the purpose of ascertaining the amount of tax payable under this act, it shall be the duty of every resident liable to pay such tax on or before the fifteenth day of February of each year to transmit to the board, upon a form prescribed, prepared and furnished by the board, a return certified by him as full, true and correct to the best of his knowledge and belief and setting forth:
(1) The aggregate actual value of each part of the different classes of property made taxable by this act, held, owned, or possessed by such resident as of the listing date, fixed annually in the manner provided herein, either in his own right or as trustee, agent, attorney-in-fact, or in any other capacity for the use, benefit or advantage of any other person, copartnership, unincorporated association, company, limited partnership, joint-stock association or corporation.
(2) Such other relevant information as may be required by the board concerning each of the different classes of property enumerated in section two of this act, owned, held, or in any manner possessed by such resident.
The failure of any taxable resident to receive or procure a return form shall not excuse him from making a return.
(b) The return so made shall be certified to by the person making the same if an individual, and in the case of copartnerships, unincorporated associations, and joint-stock associations and companies by some member thereof, and in the case of limited partnerships and corporations by the president, chairman or treasurer thereof.
(c) Whenever any personal property, taxable under the provisions of this act, was owned by a decedent at the time of his death and is held by his executor or administrator, return of such personal property shall be made and the tax paid, if such decedent was domiciled at the time of his death in a school district of the first class A, notwithstanding the residence or location of such executor or administrator or of any beneficiary, or the place where such securities are kept. ((c) amended May 29, 1951, P.L.441, No.106)
(d) Whenever any personal property, taxable under the provisions of this act, is held, owned, or possessed as trustee, agent, attorney-in-fact, or in any other manner as hereinabove set forth by two or more persons, copartnerships, unincorporated associations, companies, limited partnerships, joint-stock associations, or corporations all of which are residents of the Commonwealth, but not all of which are domiciled in the same school district levying this tax, return of such personal property shall be made in a school district of the first class A where any of the same are domiciled, and there shall be paid in each such school district that portion of the tax imposed upon such personal property so held, owned or possessed as the number of such trustees, agents or attorneys-in-fact, domiciled therein bears to the total number thereof, notwithstanding the residence of any beneficiary, or the place where such personal property is kept. ((d) amended May 29, 1951, P.L.441, No.106)