The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-05-13

four, relating to adhesive stamps, is in
creased so as to make the offense a mis-
demeanor punishable by a fine of $500 or
Imprisonment for a year, or both. I'm
priSonment is also added as one of the
stamped documents. Indeed. this addi-
ton is made to almost all the provisions
for violating any portion of the bill.
ALL TELEGRAPH MESSAGES.
The provision of section H. relating to
telegraph messages, which in the house
bill exenpts free and press messages. is
amended so as to include these by making
the provision apply to all messages.
The schedule relating to drugs and
medicines is so amended as to provide for
tax on prescriptions.
STAMP TAXES.
The change made in schedule "a" re-
lating to stamp taxes, indicate that the
committee devoted very careful attention
10 1t, and, as consequence, almost every
line Is changed.
After the first paragraph of this sche-
dule, the following is inserted as a pro-
viso:
That in case of SALE where the evil
dence of transfer is shown only by the
books of the company, the stamp shall
ne placed upon such books, and where
the change of ownership is by transfer
certificate, the stamp shall be placed up
on the certificate, and in cases where the
transfer is by delivery or certificate as
signed in blank. there shall be made and
delivered by the seller to the buyer
which the stamp shall be affixed. and
every bill or memorandum or sale before
mentioned shall show the date thereof.
the name of the seller, the amount of
the sale and the matter or thing to which
it refers
Any person or persons violating or seek
ing to evade this provision shall. upon
conviction, be fined not less than $780, nor
more than $1,000, or be imprisoned not
more than six months, or both.
Upon each sale, contract, agreement
or fhnts Of -ol or mo
ducts or merchandise at any exchange
or board of trade either for present or
future delivery, for each S100 or fractional
part thereof in excess of 800, one cent.
A proviso is added requiring stamps to
the necessary amount be fixed to the
memorandum or other evidence of sale.
proviso. The house exemption of bank
checks under $40 is tricken out, leaving all
checks. drafts, ETC., subject to the stamp
of cents.
The rate on domestic bills of exchange
of less than 500 is reduced to ? cents and
cents is added to this rate for each ad-
ditional Slc0. This provision is made ap
plicable to postoff1ce money orders. The
rate of foreign bills of exchange is made
double the rate levied on domestic ex-
change.
A uniform rate of l cent is required on
all bills Of lading, manifests. receipts, etc.
for packages. issued by railroad, steam
boat. express companies, etc. 4 tax of l
cent is also imposed upon conversation
exceeds Is cents.
TIL rate on irndemnifying bonds is in
creased from 25 to so cents. The provision
for taxing deeds of conveyance is changed
so as to make the rate 50 cents where the
consideration is below $500. and adding so
cents for each additional 500.
A uniform rate of cent is made on tele-
graphic dispatches, the official dispatches
of telegraph and railroad companies. and
OF official government dispatches being
the only exemptions.
ine
policies is increased from two cents on the
S1O0 TO 10 cents. On fire insurance COM
panies the rate is fixed at one-half of 1
cent on each dollar of the premium and
the same rate is made on the premiums of
casualty, fidelity and guarantee COM
MORTGAGE TAX.
The tax on mortgages of less than
$500 in amount, IS fixed at % cents and
like sum added for each additional $500
The paragraph requiring a tax on
powers of attorney is so modified as to
exempt those given by ex-soldiers in the
collection Of pension and other claims
against the government. The require
ment for tax on probate and admins
tratlve proceedings regarding wills is also
eliminated. On general receipts, a uni
form rate of l cent is made.
Trade marks are included in the taxable
articles. Mineral waters are entirely
exempted from the operations of the act
as are all wines. except those bottled ana
on those the house rate is reduced one
haH, Deing l cent on pint bottles and
cents on quart bottles Special provision
is made that on all the articles in this
schedule it shall only be necessary to
aiflx the stamp when they are sold. A
drawback equal to the internal revenue
tax is to be allowed on articles of this
class, which are exported.
INHERITANCE TAX.
The tax on legacies is made on a double
sliding scale, the rate Increasing with the
amount of the bequest and also being
governed by consangIinity No legacieS
below $4,000 are taxed Those between
500, 900 and $250.00 are taxed st the rate
of Is cents for every 500 in cases where
the beneficiary is a lineal descendant of
the .estator. The rate is augmented as
the beneficiary is removed in Relationship
until it reaches So on the hundred where
he is stranger. The tax is Increased on
larger legacies. Those made to husband
the act.
The act is made to take effect on the
day next preceding its passage.
Republicans decided to make a minority
report recommending the retention of the
bond feature and also the provision for
time certificates, hut reducing the amount
of the bonds to $3O0, 100000, and Changing
the language of both provisions.
Mr.. Allison gave notice on behalf Of
the minority of the committee that he
would move at the proper time to rein
sert the bond provision. He also gave
notice that he would call up the bill on
Monday next, and on his motion the SEN
ate agreed that when 1t adjourn it be until
Monday.