Evening Republican, Volume 20, Number 300, Rensselaer, Jasper County, 18 December 1916 — SPECIAL TAXES ARE DUE IN JANUARY [ARTICLE]

SPECIAL TAXES ARE DUE IN JANUARY

New Special Taxes To Replace War Tax, Which Has Been In Operation ; Movie Owners Included. Arrangements are being made in the office of the collector of internal revenues for collection of new .special taxes as provided in a law passed by congress Sept. 8. The new ,special tax displaces the so called war tax that has been in operation since the beginning of the European war. Special levies will be made by the government for the period beginning January 1 and endihg' June 30, 1917, and they will be due the government for payment the month of January. They affect pawnbrokers, ship and custom brokers, proprietors of all theatres, including motion picture houses, proprietors of public exhibitions, owners of bowling alleys and billiard halls, tobacco and cigar manufacturers and makers of war munitions.

The principal source of revenue, it is believed, will be the tax on war munitions. This is a tax of 12% per cent of the net income of each factory. The entire amount of tax collected under this law, it is believed will exceed by thousands of dollars derived under the former special tax. Another source of reM|pue is the special tax corporation, wnich is based on the amount of capitol stock in excess of $99,000, and is at the rate of 80c for each SI,OOO capital stock in excess of $99,000. Tax on owners of theatres and moving picture houses will be based on the seating capacity of the different amusement places. Pawnbrokers must pay at the rate of SSO a year, ship brokers S2O and custom brokers $lO. Proprietors of public exhibitions are assessed $lO a year, and the proprietors of bowling alleys or billiard rooms at the rate of $3 a year for each alley or table. A sliding scale rate is provided as a tax on tobacco and cigar manufacturers, based on the total annual sales. Return blanks will be forwarded witriin the next' three weeks to all corporations with instructions to list their capital stock for collection. All returns and first anpual payments must be made in the month of January. The following corporations are exempt from payment of the tax. All labor, agricultural and horticultural organizations and mutiial savings banks not having capital stock in shares; fraternal beneficiary societies operating under the lodge system for the exclusive benefit of the members, domestic building and loan associations and co-operative banks without capital stock and organized and operated for mutual purposes without profit; cemetery companies, religious, charitable leagues, members of commerce, boards of trade, farmers’ mutual fire insurance companies, social clubs, federal banks and national farm loan associations.