The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-06-10

article in this schedule IS sold.
Petroleum and Sugar Rehners.-
Every person, firm. corporation or COM
pany carrying on or doing business of re-
1ining petroleum or refining sugar or own
ang or controlling any pipe line for trans
porting oil or other products whose gross
annual receipts exceed $250,OO0 is made sub
Ject TO pay annually special excise tax
equivalent to one~quarter Of ] per cent on
OF that sum. Returns to be made monthly.
The penalty is a fine Of from 81 900 to $4,000
A stamp tax Of cent Is to be collected on
every seat sold in palace or parlor car
and on every berth sold in sleeping car,
the stamp to be affixed to the ticket and
paid by the company issuing Ii.
-Inherftance Tax
A tax on inheritance and legacies exceed
ing $4,000 on personal property is provided
follows. On sums between $4,000 and
$500: Iirst, on bensnts TO the nneal iss sue
deceased, at the rate of rs cents for every
Sf00; second, to the descendant of a brother
third. to the brother or sister of the father
or mother or descendant of brother or
Sc for every 800; fourth, to the brother or
sister of the grandfather or grandmother, or
a descendant Of the brother or sister of the
grandfather CT grandmother, 81 for every
500; fifth, to those Of any other degree of
collateral consanguinity or strangers IN
blood or body polite or corporate, at the
rate of s. for every $780, All legacies or
property passing by will or by laws of any
State OF Territory. to husband or wife, are
on sums ranging between $25 900 and $780,
O09 the rates of tax are to be multiplied by
one and one-half: those ranging from
$4,000 TO $000VJ the rates are 10 lie multi
piled by two; on those ranging from 100000
70 81 .Coe,000 the rates are to be multiplied by
two and one-half; and on those above 81. 000,
600 the rates are to be multiplied by three!
The tax is made q lien upon the property
until Paid, and 1t is required that the tax
shall be satisfied before the legatee IS paid.
-Certificates of Indebtedness.-
nj, Of trno 10 auth
lzed to borrow from time to time, Mt a rate
Of interest not exceeding per cent, such
sums as in his judgment may be necessary
30 meet public expenditures, and to issue
certificates of Indebtedness in denominations
or $50 or some multiple of that sum- each
certificate Is made payable at such Time rot
exceeding one year from the date Of It's
ISSUE the secretary OF the treasury may
prescribe: provided. that the amount of
such certificates outstanding shall at no
time exceed $100O00,OOO.
Tobacco Dealers and Manufacturers.
Dealers in leaf tobacco whose annual sales
do not exceed $1,000 pounds, each Sc. Those
not 100000 pounds. $l2 and if their annual
sales exceed 10000 pounds, S24 Dealers IN
other tobacco whose annual sales exceed
5000 pounds, 49, Those selling their own
products at the place of manufacture are
exempted from this tax.
Manufacturers of tobacco whose annual
sales do not exceed $1,000 pounds IS. Manu-
faeturers whose sales exceed $1,000 and not
100000 pounds, $12 Manufacturers whose
sales exceed lOOOt0 pounds, va.
Manufacturers of cigars whose annual
sales do not exceed 100,0 00 cigars. Sc. Manu-
faeturers whose sales exceed 100000 and not
10000 cigars $l2 Manufacturers whose
sales exceed 10000 cigars, $A
Any person who carries the business
for which special taxes are imposed by this
act, without having paid the special tax, is
made guilty Of a misdemeanor, the penalty
heing a fine of from 500 to $500 or imprison-
ment for not more than six months or both.
It is provided that until appropriate
stamps are prepared and furnished the
stamps heretofore used to denote the pay
ment Of the internal revenue tax on fer
cigarettes may be printed with a suitable
device to denote the new rate of tax and
shall be affixed to all packages containing
such articles on which the tax imposed by
this act is paid.
Adhesive stamps
Section provides that If any person or
persons shall make, sign or issue any in
strument or paper OF any description with
out its being stamped. he shall be guilty of
a mfSdemean0r the penalty being $100 at the
discretion of the court.
Section provides a penalty Of fine not
exceeding 81, 900 or Imprisonment for term
not exceeding five years or both for counter
feiting, the stamps, and the penalty is made
70 apply to all persons having any connec-
ton with the counterfeting.
Proprietors of proprietary articles are CIV
en- the privilege of furnishing their own
dies or designs for stamps, failure to per-
form which act is made ainisdemeanor pun
!. &hSbse by fine of not less than $50 nor
more than 700 or by Imprisonment of not
10 exceed six months or both. 1t is also
made misdemeanor by Section 10 to evade
the provisions of the stamp act, punishable
by line not exceeding $500
Other sections following relate to the adj
nalnlstratlon OF the law Section u provides
Tor the distribution of stamps Section 16
eAemptS government, state, county and Ynu-
hclpal ponds from the operation of the law
and also the stock and bonds issued by CO.
operative building and loan assoeia lions,
whose capital stock does not exceed $40 O00
ana building and loan associations or COM
paI15es That make loans only to their share
Section IS provides for a tax stamn on
telegraph messages. but exempts MESA ges
on o afciai ana employees of the government
telesrapn ana railroad companies over
their own lines
section 20 makes it. a misdemeanor to
SVade the PROVISIONS of Schedule b relative
70 urugs, medicines, perfumery etc., pun
lsnaDle oy tine not to exceed $500 or i'm
prIsonnent TO exceed six months or both
Chcompounded medicines or those put up
Slu9 Soiu at retail on prescriptions are not
lncluded IN the taxable articles leaving IL
70 apRly psatrtieularly to proprietary articles
Sectlon "a adds the tax proprietary ar
tlcles 10 the duty them, requiring the
eIIxlng Of the internal revenue stamps be-
lore withdrawal for consumption.
The commissioner of internal revenue is
Autnorized to procure until Jan. l. 1899 any
oI the stamps provided for by Contract
oy the Bureau of Engraving and Printing
schedule A-Stnmp Taxes
Eonds, debentures or certificates of in
dehtedness by any association COMPANY or
corporation, on each hundred dollars of face
Vaiue or fraction thereof. cents and on
eacn original issue, whether on organization
oSs reorganization, of certificates of stock nv
4ly sucn association, company or corpora
Is. .Ion, on each 500 of face value or fraction
thereof, cents; and on all sales or agree
1nents 10 SELL or memoranda of sales or de-
ltyerieS or transfers of shares or certificates
or stock en- each 500 of face value or frac-
ZION, cents; and in case of sale where the
eVldence OF transfer is shown only by the
DOCKS or the company the stamp shall be
paced upon such books and where the
change or ownership is by transfer certi-
eaLs, the stamp shall be placed upon the
certlncate; and in cases of an agreement to
sell or where the transfer is by delivery of
the certificate assigned in blank there shall
pc made and delivered by the seller to the
buyer q Dill or memorandum of such sale
20 wnicn the stamp shall be affixed Penal
" A fine of from $500 to 81 900 and i'm
prlsonment for six months or both
pom each sale or agreement to sell any
pfoducts or merchandise at any exchange OF.
Board of Trade, or other similar Mace
eltner Ter present future delivery for.
each 500 IN value of said sale or apraement
or sale or agreement TO SELL | cent and for
each additional 500 or fractional part there
or IN excess OF $1c0, 1 cent: provided that
on every sale or agreement of sale or agree
ment TO sell, there shall be made and de-
hvered by the seller to the buyer a hin ar
shall be affixed lawful stamp or stamps
IN value equal to the amount of the fax
on such sale.
Bank check, draft or certificate of denosit
not drawing interest order for the nav
ment OF any sum of money drawn upon or