The state republican. (Jefferson City, Mo.) 1871-1896, 1894-01-25
shall pay penalty of u COO; and In case OF DC.

shall pay penalty OF q, coo; and IN case OF de-
fault in rendering said list or return, or OF do
fault In the payment OF the tax the assess
ment and collection OF the tax AMI penalty
shall be in accordance with the general pro-
visions OF law In other cases OF neglect. provid.
cd that the tax upon dividends OF life insurance
companies shall not be deemed due until such
dividends are payable, nor shall tho portion OF
premiums returned by mutual life companies
TO their holders nor the interest allowed or
paid to the dopositors in savings banks or in
stitutlons be considered dividends.
Sec q That any bank, building association
or other banking institution omitting to make
dividends or additions to its surplus as often
as six months, shall make list In duplicate
under oath TO the deputy collector OF internal
revenue. on January and July of the amount
OF profits accrued by said institution during
SIX months preceding aud shall present one
list to the collector OF the district and pay 2
per cent. on such profits. and in default shall
oe subject TO the penalties prescribed In the
foregoing section; provided that when any
dividend Is made which includes any part OF
the surplus ? hich mas been assessed a1d paid
the amount OF duty so paid on that portion of
| tho surplus or contingent fund may be deducted
| from the duty on such dividend
BONDED CoRpORATIoHs.
Sec. 8. That any railroad or canal. turnpike,
canal navigation company, any telephone, tclc-
graph, electric light and gas company or wa.
| ter company, and any street railway company
| or other corporation indebted for any money
| for which bonds have been issued upon which
interest is to be paid. or any such company
that may have declared any dividend In money
| payable to its stockholders as part Of its earn.
| ings, and all profits Of such company shall be
| subject to q tax OF per cent on the amount
| OF all such interest or coupons, dividends
| or profits, whenever the same shall be
payable, and to whatsoever party, and said
| companies are authorized to withhold from
oil payments, on account OF interest due and
nj m and In fNsyf-
mont OF the amount Of tax deducted from
tho interest and certified by the president
or treasurer or other principal accounting Of
iiCer shall discharge said company from that
amount OF the dividend or coupon on bonds.
except where said companies may have con.
trpcted otherwise
Sec. 0 requires that all officers OF the gov.
crnment receiving more than $1,000 shall pay
tax OF per cont, which IL shall be the duty
duct and withhold to the credit OF the govern
ment: The payment OF prize money is ro
garded as an Income from salaries, and the
regular tax collected thcrefrom.
section 10 amends section 3lG7 OF the exist
Ing internal'revenuo law, so that any collector
or other officer or internnl.rcvenuc agent who
divulges in any way the operations apparatus
| or manner OF working of any manufacturer or
producer visited by him In collection OF income
tax shall be subject to n fine not to exceed
$1,000, or Imprisonment for one year, or both
and shall be dismissed from Office and bo for.
ever thereafter incapable OF holding any oillco
under the government.
Section BIZ Is amended 80 that deputy col
| lcctors shall from time tO'time proceed through
every district inQuiring after and concerning
all persons liable to pay any tax. and shall
make n list OF such persons and their ownings.
Section BIB is amended so that any person,
partnership, firm. association or corporation
| liable to any special tax or duty not otherwise
| provided for. on July !, shall, on the lst OF
| March preceding the slime when such taxes
| are due make out under oath n return OF their
| dutiable goods or incomes When this is
| not done II is required that deputy collectors
shall make out the list A collector is given
la hn lao
| found in his own district to enter any other
| collection district where such person may be
found, and to make the examination.
EVASION OR FRAUD.
| Section 3l16 Is amended so that where the
person TO be taxed refuses to make return list
| or ma kcs one which Is deemed fraudulent the
collector shall have power to enter the prem,
| per cent. for refusal or neglect and of 100 per
cent for fraud. The sickness or absence of the
| party to be taxed gives the collector the right
TO allow not exceeding thirty days In which
the delayed list may he offered.
Section IL requires every corporation doing
| business for profit to make return OF amount Of
| dividends under oath that it Is true In amount.
In such manner as may DO prescribed by the
commissioner.
Section l3 prescribes that every corporation
shall make return, beginning with 1885. OF all
the following matters; nl Gross profits; ts)
expenses OF corporation exclusive OF interest
aunu ities and dividends; (2) net profits with.
out allowance for interest, etc; a. amount
paid on account OF interest, etc, stated snpa-
| rately; 90 amount paid In salaries Of $1,000 or
less to each person employed; t6J amount paid
| in salaries OF more than $1,000
Section II requires every corporation 10 keep
| accurate looks for inspection by proper OH
GERS.
| Section Is prescribcs that taxes imposed up
| on dividends, ETC. shall he collected therefrom
| whenever the same may he payable, and every
| corporation paying tax thereon may retain
| from all payments made on account thereof q
proportionatc amount of the tax paid.
| Section 10 requires collectors to give full re.
| port for all taxes received and n separate re.
| ccipt for each tax paid " any debtor on ac-
| count OF payments made by him to
| separate creditors in such form that
| such debtor can produce the same sepa-
ratCly TO his several creditors and such re.
| ceipts are TO be sunicicHt evidence IN favor OF
such debtor TO justify him in Withholding the
amount therein expressed from the next pay
ment to his creditor,
Section 10 provides manner OF fixing salaries
OF assessors
Section 20 declares that no rule established
| by the commissioner OF Internal revenue shall
be valid without the appro val OF tho sccre.
tary OF the treasury, nor shall the same
| he binding upon nny corporation
| person not an intcrnnlrcvcnuo officer until it
| has been printed and conspcuously posted In
| the offico OF the collector of The district
Section 81 provides for tho prosecution OF
| perjury.
| Secretary 90 gives the secretary Of the treas.
| ury or the commissioner Of internal revenue
| power 10 relieve or release from all forfciturcs
| and penalties imposed ny this act in such cases
| as either OF them may deem proper. except to
| penalties imposed 10y law for punishment Of q
misdemeanor or other crimes.