Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1898-07-24
PERPLEXING QUESTIONS

Washington, D. c., July 23-Internal
Revenue Commissioner N. B. Scott has
sent out quite list of decisions by the
department. Some of the more inter-
esting are as follows: A 2-cent stamp
is repaired to be affixed to check,
draft or order for money drawn by any
person upon another, and is not con-
lined alone to checks or money orders
drawn on banks. The exemption
granted to cooperative building and
loan associations, ETC., is confined to
the stocks and bonds issued by them,
and does not relieve them from stamp
tax ON checks, mortgages and other in
struments ISSUED by them.
ALI BANKERS, brokers and others sub
ject to the special tax who do not pay
such tag prior to August 1 next, will
be subjected to a penalty of so per
cent
No stamp is required on ordinary re-
New certificates of stock issued to a
holder I'm lieu of original certificates,
and remaining in his ownership, do
not require stamps.
A 2-cent stamp is required on an
order for cash drawn on a merchant by
D.
, -<Certificates of deposit, if left GER
tain time, are taxable the same as
promissory notes.
The withdrawal CT funds by a de-
positor on the presentation of his bank
book to the savings bank does not re-
quire stamp, if there is nothing &C
companyisg it in the form of an order
for the payment of money.
DEFINITION OF A CHECK.
If papers in the nature of receipts
are given in lieu of checks, and are
used as commercial negotiable instru-
ments, they are checks, and not re-
ceipts land are subject to tax
Where certificates of stock are de-
livered as collateral, the stock to be
forfeited only upon condition Of failure
to pay the debt for which it is pledged.
stamp is required as pledge and not
as a sale.
The department rules that every per-
son, firm or company engaged in the
general business of negotiating sales of
or purchasing goods, etc, on commits
sion is a commercial broker within the
meaning Of paragraph 4, section 2, Of
the act, and is required to pay the spe-
Cial tax Of 500 thereon imposed. But a
persos who is simply engaged by one
or more firms to act as their agents in
travelling and soliciting orders for them
for the purchase of goods, and trans
hitting such orders to them to be
filled, is held not to be a commercial
broker, even though he is paid a COM
mission instead of a salary But if a
commercial agent holds himself out
as ready to negotiate sales or purchases
of goods on commission for any and
all persons he is required to pay the
special tax.
Bonds OF municipal officers require to
be stamped, under the act
Certificates of acknowledgment to
deeds, mortgages or other legal instru-
ments require to be stamped with a 10
cent stamp as a certificate in addition
to the stamp provided by law for the
instrument itself.
The jurat to an affidavit does not re-
quire to be stamped
The memorandum on the back of a
deed or mortgage made by a register
or recorder that the instrument has
been placed upon record, is not subject
to taxation.
LEASE ON A RECEIPT.
Receipts setting forth the terms of a
lease require to be stamped as lease,
unless there has been separate lease
made which has been duly stamped.
Bucket shop proprietors giving men,
orandum Of transaction are required to
pay special tax as brokers.
Baggage forwarded by railroad COM
\ pany or express, subject to extra charge
comes within the law requiring stamp
on bill Of lading or other evidence of
receipt and forwarding.
The only passage ticket for which
tax stamp is required to be paid by
this statute is ticket issued for trans
portation of the passenger by any YES
sci from a port in the United States
to a foreign port. If the ticket calls
in addition for transportation to vari-
GUS points in foreign country, this
part of the ticket does not require a
stamp.
There is no exemption from the
stamp tax on charity tickets issued at
lot rates.
Where a bond is given with
guaranty company as surety, the bond
should have. in addition to a 50-cent
stamp, a stamp denoting one-half of
one cent on each dollar or fractional
part thereof paid by the principal
obligor on the bond as premium.
Bonds required in legal proceedings
are exempt from the stamp tax, but
bonds given by persons appointed by
the Court, such as receivers, assignees,
executors, administrators and guard
1ans, are not exempt, and the stamp
tax must be paid thereon.
In cases where the consideration in
deed is nominal, the actual value of
the property conveyed should govern
the amount of the stamp required.
TELEPHONE CONTRACTS EXEMPT
fracts and agreements between
bers and telephone companies
fplacing of telephone, and pay
terefor, are not subject to stamp