Indianapolis Times, Indianapolis, Marion County, 24 March 1939 — Page 36

"ANNUAL REPORT " FOR INTANGIBLE TAX APPROVED

Trust Companies Can Avoid ‘Buying Stamps Under System.

A new regulation under which trust. companies may pay taxes on all intangibles once a year instead of buying stamps, was made today by the State Tax Board. March 1 was fixed by, the Board as the anniversary date for all trust

accounts’ intangibles under the annual tax payment plan. “A corporate ‘fiduciary electing to _have intangibles so taxed may file with the Board an application for registration on a prescribed form, listing the name of each account, par values and total tax due,” the Board's regulation stated. Trust companies, under the plan, must keep a record of all intangibles owned by each trust account and, upon the sale of them, may attach a

statement that the tax has been|

paid instead of using stamps. Applications for the annual payment plan must be filed and the tax paid on or before March 1 of each year unless an extension is granted, the Board stated.

WIRE FIRM FIRES ALIEN EMPLOYEES

TRENTON, N. J, M N. J, March 24 (U. P)—The John A.:Roebling’s Sons Co., wire and cable manufacturers, announced today that 100 alien employees had been dismissed and

that they will be replaced with Americans as soon as possible. A temporary reduction had been necessary and it was decided to dismiss aliens of less than 10 years’ service, Willlam A. Anderson, president, said. He added that “it has long been the policy of the Roebling company to employ American workers.” “In our ‘employee checkup each year, we have urged all aliens to 3poly for citizenship papers,” he said. :

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