Evening Republican, Volume 21, Number 1, Rensselaer, Jasper County, 3 January 1917 — SPECIAL TAXES IN JANUARY [ARTICLE]

SPECI AL TAXES IN JANUARY

Will Replace War Tax, and Will Be Gathered From Many : Sources. The U. S. internal revenue depart-■ ment will on January 1, 1917, begin collecting the new special tax which wap levied shortly after the, beginning of the European-war. Special levies will be made by the Jovemment for the period beginning amiary 1 and ending June 30, 1917, and 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 revenud, it is believed, wtill be the tax on war munitions. This is a tax of 12*6 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 that derived under the former special fray, ' Another source of revenue is the special tax on corporations, which is based on the amount of capital stock in excess of $99,000, and is at the rate of 50c 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. 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 within the next three weeks to all corporations with instructions to list their capfital stock for collection. All returns and first annual 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 mutual 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, board of farmers mutual fire social clubs, federal banka and national farm loan associations. Mrs. Thorsten Otterberg and little son returned this morning from Lee, where they had been visiting with the former’s parents.