Rensselaer Democrat, Volume 1, Number 10, Rensselaer, Jasper County, 17 June 1898 — SUMMARY OF THE WAR TAXES. [ARTICLE]

SUMMARY OF THE WAR TAXES.

Classified List of Licenses, Excise and Special Stamp Taxes of the New Law.

sHK new war revenue bill has be- | come a law. President McKinley .X made it such by affixing his signature Monday afternoon, and as originally provided the act went into effect on the day succeeding its passage. Few branches of industry and commercial life are exempted from the operation of the law. Business men will therefore find the following classified summary of the provisions of the bill not only convenient, but invaluable, for constant reference: Annual License Taxes. BANKERS. On capital and surplus, SSO on $250,000 capital; $2 on each additional SI,OOO. BROKERS. Yearly license tax, SSO and stamp tux of 5 cents on .cadi SIOO of face vltlue on bonds, stocks, Shares, etc., and 2 cents on each SIOO of ’face value on eaeh note or memorandum of sale. COMMERCIAL BROKERS. Yearly license tax of S2O. CUSTOM HOUSE BROKERS. Yearly Heense tax of $lO. INSURANCE AGENTS. Yearly license tax of sl2 and stamp taxes on life policies of 10 cents on each $100; marine. Inland, Are, casualty,- fidelity and guarantee Insurance, one-half of 1 cent on each $1 premium charged. MANUFACTURERS OF MIXED FLOUR. Four cents on each barrel and an annual license tax of sl2. PROPRIETORS OF PUBLIC SHOWS. Theaters, museums, concert balls, circuses, SIOO. AU other public entertainments, $lO. Bowling alleys, billiard rooms, $5 for each alley or table. This provision regarding theaters and concert hells applies to cities of over 25,000. PAWNBROKERS. Yearly license tax of S2O. General Taxes. BREWERS. On beer, lager, ale, porter and all fermented liquors, $2 per barrel of 31 gallons, less 7% per cent, on stamps purchased for such tax. CIGARMAKERS. Three dollars and 60 cents on each 1.000 cigars weighing more than three pounds; $1 per 1,000 weighing lees than three pounds, and an annual tax on sales at the rate of $6 on 100,000 cigars; sl2 on 200,000 cigars; $24 on more tlran 200,000 cigars. CIGARETTE MAKERS. Three dollars and 60 cents on every 1,000 cigarettes weighing more than three pounds; $1.50 on every 1,000 weighing less than three pounds. IMPORTERS OF TEA. Ten cents a pound on all teas. SUGAR AND PETROLEUM REFINERS. One-qnarter of 1 per cent, on annual gross receipts In excess of $250,000. TOBACCO MIANUFAiCTURERS. Twvlve cents per pound on all tobacco and snuff and an annual tax, based on yearly sales at the rate of $6 on 50,000 pounds or less; sl2 on more than 50,000 pounds; $24 on 100,000 pounds. Special Stamp Taxes, BROKERS. Two cent’s on-each note or memorandum of sale and SSO annual license tax. PARLOR AND SLEEPING CARS. One cent on every ticket sold for seat or berth. **SCHEDU LE B.” MANUFAiCTURER S. (a) Of medicinal, proprietary articles and preparations; (b) all articles made trader patented right or trademark (except food products and commercial fertilizers); (c) perfumery, cosmetics, etc., must pay stamp taxes at tbo rate of % of 1 cent on 5 cent articles, % of 1 cent on 10 cent articles. % of a cent between 10 and 15 cent articles; % of a cent on 25 cent articles and % of a cent for each additional 25 cents retail price. NOTE.—Dealers in above enumerated articles must stamp goods In stock at these rates when sold at retail.

(d) Chewing gum, 4 cemk on each package of a retail value of $1; (e) mixed flour, 4 cents on each barrel and an annual license tax of f 12. Miscellaneous Stamp Taxes. In addition to stamp taxes already enumerated, the following are Imposed: On bonds, debentures, certificates of Indebtedness, 5 cents on each SIOO of face value. On sales or agreements to sell, chares or certificates of atock, 2 cents on each SIOO. On sales or agreements of sale of any products or merchandise at any exchange, 1 cent on each SIOO of value. On bank checks, drafts, certificates of deposit not drawing Interest, sad money orders of all kinds, 2 cents. On each bill of exchange (inland) draft, certificates of deposit, drawing Interest, promissory note, 2 cents on each SIOO. On each foreign bill of exchange and letter of credit, 4 cents on each SIOO. On each bill of lading or receipt for export, 10 cents. On each bill of lading or manifest for goods sent by freight or express within the United States, 1 cent. , On <-acli ' telephone message, costing 15 cents or more, 1 cent. 'On each bond of Indemnity, 50 cents. On each certificate of profits of companies and corporations, 2 cents on each SIOO of face value. On every document Issued by a port warden, £5 cents. On certificates of all kinds requried by law, 10 cents. On every charter of a vessel or renewal or transfer of same: On registered tonnage of 300 tons, $3; on registered tonnage of 600 tons, $5; on registered tonnage of more than 600 tons, $lO. On every conveyance or deed of more than SIOO and lees than SSOO, 50 cents, and for each additional SSOO, 50 cents. On every telegraph message, 1 cent. On every custom house entry, for SIOO of valae. 25 cents; for SSOO of value, 50 cents; for more than SSOO of value, sl. On every withdrawal of goods from customs bonded warehouse, 50 cents. On every lease for one year, 25 cents; for three years, 50 cents; for more than three years, sl. On each manifest for custom house entry or clearance of ships for foreign ports (except in British North America): On registered tonnage of 300 tons, $1; on registered tonnage of 600 tons, $3; on registered tonnage of more than 600 tons, $5. On mortgages, for more than SI,OOO and less than $1,500, 25 cents, and on each additional SSOO, 25 cents. On each passage ticket to a foreign port (not in British North America), costing S3O, $1; costing S6O, $3; costing more than S6O, $5. Power of attorney, 25 cents. Proxy for voting at any election of an Incorporated company except charitable, religious or literary societies or public cemeteries, 10 cents. On protest of note, bill of exchange, check, etc., or marine protest, 25 cents. On receipt for payment of any money or debt exceeding $5, 1 cent. On warehouse receipts, 25 cents. On legacies, exceeding SIO,OOO, and not exceeding $25,000, a graded tax of from 75 cents to $5 on each SIOO, which graded tax Is to be multiplied by 1% on legacies of more than $25,000 and less than $100,000; multiplied by 2, where the value of the property does not exceed $500,000; multiplied by 2% where the value of the property does not exceed $1,000,000, and multiplied by 3 whea In excess of $1,000,000. Penalties. Violation of the act by evasion of the stamp act on proprietary and patented articles la punishable by a fine of SSOO or six months’ imprisonment. Evasion of the stamp tax on documents, papers, etc.. Is punishable by a fine of SIOO. Forging or counterfeiting stamps is punishable by a fine of SI,OOO, or confinement at hard labor for flvo years.