The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-06-16
Some of the Changes In In
ternaI Revenue,
LETTER TO COLLECTORS
GIVING INFORMATION ABOUT
THE NEW LAW.
SYNOPSIS OF THE NEW RATES
As Tney Apply to the Various Items Embodied
in the War Tariff Which Went Into
Effect on the 18th.
Treasury Department,
Office of thp


Treasury Department
Office of the
Commissioner OF Internal Revenue,
Washington ID. c., June II, 1898.
To Collectors of Internal Revenue.
Your attention is called to the act en-
titled IAN act to provide ways ANA
means to meet war expenditures and for
other purposes" which was approved by
the President on the 18th inst, a copy of
which will be sent you as soon as recelv-
ed from the printer
The principal additions and changes
made in the law previously in force are
as follows:
ACT OF JUNE Is, 1898.
Fermented Liquors-An additional tax
of 81 per barrel is imposed on fermentcd
liquors, the Increased rate to take effect
the day succeeding the passage of the
act.
Brewers are allowed seven and one
half per cent. discount on stamps pur-
chased.
The additional tax on fermented liquors
stored in warehouses, already stamped,
is to be assessed.
Special taxes after July 1st, are inn
posed as follows:
/. Bankers. graduated $4,000
2 Brokers 5000
Z Pawnbrokers 2000
4. Commercial brokers 2OO0
). Custom House brokers 10.UD
G. Proprietors of theaters, etc .1OOOO
Z. ProprietOrs of circuseS .1OO.Uu
3. ProprietorS of shows for money 1OUo
3. Proprietors of bowling alleys
and billiard rooms, for each
alley or table 800
10. Dealers in leaf tobacco, gradu-
ated, minimum 600
IL. Dealers in tobacco whose sales
exceed $4,000 pounds 1900
II. Manufacturers of tobacco,
graduated minimum 600
IS. Manufacturers of cigars, grad
uated. minimum 600
IA. Manufacturers and packers of
mixed Hour 1Z.OO
The latter tax is not imposed until
sixty days after the passage of the act,
that is August -. 1898. All persons en-
gagged in the business on that date are
required to make return before the end
of august. and pay the special tax reck-
oned from August /, 1898 to the first
day of July following.
TOBACCO AND SNUFF.
An additional tax OF cents per pound
is imposed ON tobacco and snuff.
On cigars and cigarettes weighing more
than three pounds per thousand an adj
ditional tax of go cents per thousand is
imposed.
On cigarettes weighing not more than
three pounds per thousand an additional
tax OF 80 cents per thousand is imposed.
A one-ounce package of smoking To-
hacco is authorized; and one and two
third ounce, two and One-half ounce, and
three and one-third ounce packages of
tobacco and snuff are authorized, in lieu
of two, three and four ounce packages.
The increased rates take effect on the
day next succeeding the passage of the
act, that is, June IA, 1898.
Dealers having a stock on hand in ex-
cess of one thousand pounds of tobacco,
or twenty thousand cigars or cigarettes,
stamps affixed subsequent to April l4th,
at old rate, must make returns to Col7
lectors within thirty days after passage
Of act for assessment Of tax equal to
One-half difference between tax already
paid at time of removal from factory
and new rate. The excess ON hand only
is to be returned and the tax will be as
sessed on the excess wi..~n will be paid
to Collectors after notice. No additional
stamps are 10 be affixed to such stock
ON hand.
STAMP DUTIES TO TAKE EFFECT
JULY l, 1893.
Schedule A. Documents and instru-
ments, passage tickets, telegraphic dis
patches, insurance policies etc, returns
to be made monthly Of telephone messag-
es costing - cents or more.
Schedule B. Proprietary articles, chew
ing gum, wines. etc, stamp tax on seats
in parlor or palace cars, and tickets IN
sleeping cars.
Gross receipts Of persons, firms, COM
nanies and corporations engaged in refln-
ing petroleum and sugar, or owning or
controlling any pipe line for transporta-
ton of oil or other products in excess OF
$25O,0O0. A tax of one-fourth of one per
cent. annually is imposed, which takes
effect the day succeeding passage of the
act. Returns are to be made monthly.
tax is imposed on legacies. passing
after passage of the act. exceeding So,
900, and not exceeding $4,000 in value.
Rates vary according to consanguinity,
from ~ cents for each one hundred dol
lars to So for each one hundred dollars in
value. Above $4,000 the rates increase.
When the value Of the property exceeds
81 100000 rates are multiplied by three.
Executors, administrators and trustees
are required to render n list to Collectors
on a prescribed form.
The provisions of the act relative to
mixed flour take effect sixty days after
passage of act, or August IL. 1898.
On barrels or other packages not to eX-
coed 1876 pounds, the tax is 4 cents per
barrel: , cents per half barred: | cent
per quarter barrel; u cent per one-eighth
barrel or less
(SigneD N. r. SCOTT.