Rensselaer Journal, Volume 11, Number 1, Rensselaer, Jasper County, 13 June 1901 — Stamps to be Left Off. [ARTICLE]

Stamps to be Left Off.

The government revenue officers are receiving many inquiries as to changes to be made under the special tax laws on July 1. On that date the repeal of the following taxes will becom'q effective: Special tax on commercial brokers, stamp tax on bank checks, drafts and orders for the payment of money at sight or on demand (drafts and orders for the payment of money otherwise than at sight or on demand remain taxable), certificates of deposits, postoffice money orders, promissory notes, mortgages, leases, export bills of lading, manifests for custom house entry or clearance of cargo, powers of attorney, protests, charter parties, certificates of all kinds, except those of profits or showing interest in property or accumulations of companies, ware-house receipts, telephrams, express receipts (domestic freight bills of lading remain taxable), policies of insurance and premiums charged for marine, inland, fire, fidelity and guarantee insurance, telephone messages, proprietary medicinal articles, perfiimery, cosmetics. chewing gum and other articles, in what Is known as schedule B, except wines. The taxes on legacies for religious, charitable, literary or educational purposes were repealed and became effective, March Ist. Taxes will be reduced on July 1 on conveyances of estate, passage tickets, cigars, snuff and tobacco, fermented liquors, foreign bills of exchange and foreign money orders. Since April 1 additional taxes have been imposed on dealers in grain, securities and others doing a bucket shop business and the stamp tax has been imposed on contracts and agreements of these dealers.