The Somerset reporter. [volume] (Skowhegan, Me.) 1868-1909, 1898-06-16
Tlie Revenue BIZ.

!
schedule of taxes among which are the
| following
A tax of s. per barrel on all beer,
lager beer, ale, porter, and other similar
fermented liquors with discount OF
IL per cent on all sales by collectors
to brewers of the stamps provided Tor
| payment of the tax
Special taxes from July l:
Bankers employing capital not ex-
ceeding $25. 900, $50; employing CAPT
tai exceeding S25, 900 for every addi-
tional $1,000, 81; savings banks which do
no other business of banking are not
subject to this tax.
Brokers, $50; pawnbrokers, $40; com
mercial brokers, $40; custom house pro-
kers, $40; proprietors of theatres, muse
ums and concert halls in cities of more
than % 900 population, 500; circuses,
| 500. One special tax to be imposed tor
exhibitions within any one state. Pro-
prietors or agents of all other public
exhibitions or shows for money, $40.
Bowling alley aud billiard rooms, 50 for
each alley or table.
In lieu of the tax now imposed by law,
a tax of II cents per pound upon all TO-
bacco and snuff. the following taxes TO
| be paid by the manufacturer. 50 80 per
| 1000 on cigars weighing more than three
| pounds per thousand; 81 per pound on
cigars weighing not more than three
pounds per 1000; $500 per 1000 on Gig
arettes weighing more than three pounds
per 1000, and $3.50 per 1000 ON cigarettes
| weighing not more than three pounds
| per 1000.
The compromise proviso in regard to
! the taxation of the stock on hand pro
vides for a tax equal to one half the
difference between the tax already paid
on such articles at the time OF removal
from the factory OF custom house and
| tax levied in this act upon such articles.
Dealers having on hand less than 1000
pounds of manufactured tobacco and
90 900 cigars or cigarettes on the day
succeeding the date of the passage OF
the bill, are relieved from the necessity
of paying the tax.
Tobacco dealers and manufacturers
are taxed from SO to SPA according to
the value of their annual sales.
Government, State, county and NUM-
cipal bonds are exempted from the law
and also stock and bonds of CO operative
buildings and loan associations whose
stock does not exceed $4,000 and buhd-
ing and loan associations or companies
that make loans only to shareholders.
Section Is provides for tax stamp or
telegraph messages, but exempts mes
sages of government officers and en-
ployes on official business and also mes
sages of telegraph companies over their
own lines.
Uncompounded medicines, or those
put up and sold at retail, on prescrip-
ton, are not included in the taxable ar
| ticles.
Section "a adds the tax on proprietary
articles to the duty on them.
On every bill of lading, there is to be
attached and cancelled l cent stamp;
but one bill of lading shall be required
on bundles of newspapers when enclosed
in one general bundle.
A tax of cent is imposed for every
telephone message for which over -
cents is charged and on any Geographic
message l cent.
Insurance on each policy for
each 500, 10 cents on the amount in
sured. Policies Oh the industrial or
weekly plan, 40 per cent of the amount
of the first weekly premium Fraternal
beneficiary societies and orders, farmers
iOCdl CO-OpcldliNO CoiDPtbiOot SihPiOJSo
relief associations, conducted exclusive
ly for the benefit of members, are ex-
empted.
Insurance (marine, inland, fire)-Each
policy, one half of one cent on each dol
lar; cooperative and mutual companies
exempted.
Passage tickets from the United States
to foreign ports, and cost not exceeding
@0l anH
exceeding $50, SO; costing more than
$50, So.
Proxy for voting at election for officers
of incorporated company, except relig-
Gus, charitable or literary societies or
public cemeteries, 10 cents.
Power of attorney, % cents; not to APP
ply to collection of ex-soldiers' claims
against the government.
Schedule B, medical proprietary arti-
cles and preparations where such do not
exceed at retail price ) cents, one eight
of l cent tax; if between and 10 cents,
one-fourth of l cent; between 10 and Is
cents, three-eights of cent; between 10
and % cents, five-eights of cent for
each additional % cents, five-eights of
cent tax.
Every person or company refining Pc
troleum or sugar, or controlling any
pipe line, whose gross annual receipts
exceed $4,000, is to pay annually a
special excise tax of one-quarter of per
cent on the gross amount of all receipts,
of that sum. The penalty is fine of
$1,000 to $4,000.
A stamp tax of cent is to be collect
ed on every seat sold in palace or par
lor car and on every berth sold in a
sleeping car.
A tax on inheritances and legacies ex
ceeding $4,000 on personal property is
provided, ranging from Is cents to 50 on
every 500.
All legaces or properties passing by
will or by law, to husband and wife, are
exempted from tax or duty.
On sums between $25, 900 and 800, 900,
the rate of tax are so to be multiplied
by one and one half; on those ranging
from 100000 to 100000 the rates are
to be multiplied by two; on those rang
ing from $500, 900 to 81 100000 the rates
are to be multiplied by two and one
half, and on those above 100000 the
rates are to be multiplied by three
The secretary of the treasury is au-
tn orized to borrow at not exceeding 3
per cent interest such sums as in his
judgment may be necessary to meet pub
lie expenditures and to issue certificates
of Indebtedness in denominations of $50
or some multiple of that sum. Each
certificate is made payable at such time,
not exceeding one year from date OF is
sue, as the secretary may prescribe.
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