The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1898-07-28
RENT RECEIPTS TAXED. !
RENl REGElPlS lAAED.
War Revenue Law Requires
a Twenty five Cent Stamp
ON Each Document.
STAMPED LEASES EXEMPTED
Decision of Commissioner
Scott Agitates Property
Owners and Real
Estate Men.

ESCdCe Meu.
80 you've got to put a two cent stamp
on your check these days, haven't your
facetiously remarked a real estate agent
in this city this morning to a man who
had just paid him bill.
''Oh, that's all right, I'm still ahead
Of you'' replied the payer, you have to
put a twenty-five cent stamp on all your
rent receipts"
Whats that?s exclaimed the real
estate man in astonishment, and the other
man went on to explain that according
to a decision Internal Revenue Commis-
sioner Scott had just rendered all receipts
for rent in all cases where a regularly
stamped lease did not exist must bear a
twenty-five cent stamp and that the
stamp mdst be affixed by the person Civ
ing the receipt.
The real estate man was astonished,
and thought that his friend was jolly
ing him He. however. went to the In
ternal Revenue office, in this city, to con-
suit Deputy Collector Farmer and learned
that his friend was correct. He also learn
ed that it had been construed by the In
ternal Revenue Commissioner that a re-
ceipt for rent paid, upon which the loca-
ton of property and length Of time are
specifically set forth, constitutes lease,
and is consequently taxable and the tax
is the same in every case irrespective OF
the amount of money involved. That is,
is the owner of tenement house should
give a receipt reading: Received from
John Smith the sum of four dollars, for
rent az front room on the second floor,
of the huildine No. 444 Blank street, for
the month, of JiIly that owner is obliged
10 of5s 10 rha receint a tventy-five cent
staron IF a.. the other hand. the owner
of a store dwelling house or build
ing Of any other description leases that
h,,ilaing exec,,tes a legal lease for the
80, , es .
Same, ana 10 ll1e lesat Ae9 :
twenty-five cent stamp the receipt VIII
nnt reo,,ire any revenue stamp
~. ea,,,,,7,fit,, -, +l,is aecisian 4 fonna
ne ioui,Nis'.toA - 80 -,
in Schedule A of the new revenue law
which enumerates the articles TO which
v,,,,s.+ ta q ft3,rad aroaner which is.-
~
Lease, agreement. memorandum or
contracts for the hire, use or rent q
any land. tenement or portion lheIgol. lt.
If for a period Of time rot exceeding
one year. lWehty -ItNs u ~; Gu -, s;,,sr 80
tifty cents
II LOT q period eNceeaahs enlee sefil
IF # The there rent receipt be deemed a mem
orandum, or contract. for the rent of
premises for month, or any other
period less than a year. then, in the
opinion of persons who have had e1-
perience with the workings or the law,
cent stamp
Sectlon 10 Oh the raw pioNlaeS eiie pSH
alty for failing to stamp such documents.
r. roads. "7.i,a+ ans, ,erson or narsons
who snail issue any IN
strument. document, or paper of any kind
.,,.,,4;o,s,7 IL
of aesei4ptioii "iia'sOeNei -
schedule A of this act Gin which leases
are nentioned) with the same being duly
a. t,,,,,od sbalI he dee,oed guilty
- te'A-l - = 81 nov. l,,,d S,,en, ,oTvictjan
i le5s , :, fie af x
eaeiina ss1fsi s59 o1 w bv ifnnrionent not ex
cee9!ns gov ~ ~ ~, Icy ne 5iscre
SeseiAss slA lAioilei-s o - i
tlon al y tne Gouis s ~, -. aloo,i,- ,,r,,,
i.dt iIuci y eile ~ 80 - ~, = -
the tahqlord LAe oAus - slatl.pllis .aiS
csipt. Pul - 49,, go ,5,,,,,
fedus <Aiiu any ~ 49,; = t9
ment or paPel' 10y, tot peiii3 5 i,,ii5
W cuiuins ~ otr.s'4 1s.m' 7iir'AA -
ana ol no ellsct- ~, aas
me 1olloWlhg Is the text o. Tug ueeis7
ION, ea4,, 4n,,, ~ 1aase
lseGeigts sse ing ~ - - ~ iaaea nrles
Tequlfea 70 ps seaiiipso - Isgse I nosfs
tliere has PEI. pen 5s,i T. . s.e
Wlileii mas neeii e''is see'iiie0'
Treasury Department. Office of
Commissioner of Internal Revenue,
Washington D. c., July L. 1898
Sir-In reply to the letter addressed
to you ON the second inst, by Nj Col
lie e. Kinney, OF Indianapolis, md
which you have referred 10 me, inquif-
ing whether that provision OF the ACT
of June Is, 1893, Sechedule A. imposing
stamp tax ION lease. agreement, MEM