Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-07-23
WAK-TAX PENALTIES
TREY Will he ENFORCED AT THE
END OF THIS MONTH.
THOSE WHO ARE AFFECTED
Recent Rulings OF the mmissioncr
of Internal Rcycnuc-Many Inn
portant Decisions from Head
quarters.

The above telegram was received at the
acknowledgements office yesterday morn.
ing and has reference to that clause OF
the war-revenue bill which imposes the
above penalty upon persons who fail to
pay their taxes on or before July 31st
The special taxes are follows:
Bankers shall pay $50 when employing
q capital not exceeding $4,000 and So adj
dluonal for every 1900 employed in ex-
cess OF $500.
Brokers shall pay $50
Commercial brokers shah pay 500.
Custom-house brokers shall pay SO.
Dealers in leaf tobacco shall pay So. Sl2,
and Si as follows: Those whose annual
sales do not exceed 5000 pounds. &c.
those whose annual sales exceed 5000
pounds and do not exceed 10O,00 pounds
81: those whose annual sales exceed iO0,-
90 pounds. Sc.
Dealers in tobacco whose annual sales
exceed 5000 pounds shall pay Sl2
Manufacturers of tobacco shall pay Sc.
e. and S24, as follows. Those whose an
rull sales. do not exceed 5000 pounds. Sc:
those whose annual sales exceed $1,000
81, ih0so whose annual sales exceed 1OO,-
o. pounds, ST.
Manufacturers OF cigars shall pay &c.
81 and S2i. as follows: Those whose an
rual sales do not exceed 10000 cigars, Sc;
those whose annual sales exceed 100 900
cigars and do not exceed 10000 cigars. $12;
those whose annual sales exceed 20O,0
cigars. S2l
Manufacturers or packers Of mixed
-four shall pay sl2.
Pawnbrokers shall pay $50.
Pr0prietors Of circuses shall pay $780,
Proprietors OF theatres. museums, and
concert halls shall pay 500.
Projectors or agents for all public ex-
h.biuons or shows for money shall pay
SO.
Projectors OF bowling alleys and bill
lard-rooms shall pay for each alley or
table, s..
RULINGS OF THE COMMISSIONERS
The following rulings Of the Commits
sloncr OF the Revenue relative to stamp
taxes have just been issued in a circular
from the Treasury Department at Wash
iugton:
Checks drawn by United States dis
bursting officers against public funds
standing 10 their official credit IN per-
Torrance OF duties required by law do
not require a 2-cent internal-revenue
stamp placed thereon. And all checks
drawn by officers OF states, counties, ana
municipalities for the discharge Of the |
obligations Of States, counties, and NUM- |
cipalites are exempt under section II of |
the act.
An inland bill of exchange, within the |
meaning Of this act. is a bill Of exchange |
drawn and made payable anywhere in |
the United States.
Any order for payment of money drCwn
in, but payable out of the United States,
II drawn singly, is subject to tax of
cents for 800 or less. and for each adj
ditlonal hundred dollars or fraction, |
cents.
When certificate Of stock is sold and
stamp tax IS paid on memorandum there
Of upon transfer Of this certificate to
purchasers name, no additional tax for
such transfer is required, Where one
certificate represents several shares of
stock, however large the number of
shares. on transfer of this certificate the
stamp tax is TO be reckoned on its face
value, and not on the face value of each
separate share Of stock which it repre-
sents.
ORDERS FOR CASH ON MERCHANTS.
A 2-cent stamp is required on an order
for cash drawn on a merchant by one OF
drawing interest, If left a certain time,
are taxable the same as a promissory |
note.
The withdrawal Of funds by a depositor
on the presentation Of his handbook to
the savings bank, does not require a
stamp If there is nothing accompanying
1t In the form Of an order for the payment
Of money.
II papers in the nature OF receipts are
INsg ia Of oh ND |
negotiable instruments, they
are checks and not receipts. and are sub
Jet 20 tax.
Where certificates OF stock are deliv-
cred as collateral. the stock TO be forfeit
I'd only upon condition of failure TO pay
he debt for which It is pledged, a stamp
S required as a pledge, and not as n sale.
Real estate mortgage notes require TO
be stamped, In addition TO the stamps
placed on the mortgage.
Where there is pledge OF property ac-
,ompanying any promissory note. which
hedge Is subject to stamp tax under |
'chedule A, this stamp tax must be paid,
Notwithstanding the fact that a stamp is
lso required on the note connected with
FIRE AND LIFE-INSURANCE.
Only purely cooperative or mutual fire.
insurance companies carried on by the
MEMBERS thereof solely for the protection
4 their own property. and not for profit
re exempted from taxation.
Assessment beneficiary life-insurance
ssociations insuring their own members. !
nd not for profit, come within the ex- {
mptng provision. 1
The exemption given TO fraternal bene- :
ciury life-insurance associations applies =
$50 10 fratorn3l beneficiary accident in J
urance associations. ;
In cases OF loans on real estate, where
rOmssOry notes are given, which are :
% paid al maturity, but on which an ex-
ension Of time Of payment is granted,
'ith0ut the taking OF 4 new note, 1t is y
ed that every such extension is re- .
ewal Of the note within the meaning of =
le statute. and that the requisite stamp !
aust be affixed for every such renewal or c
ytension This also applies to notes dis ,
)unted before July LIST, falling due on or I
iter that date.
The person who signs and issues bank
heck. without afiixing the proper stamp q
scomes involved In liability TO penalties
lder section 10 OF the act. unless IL is IL
lown that he had no design to evade the p
iyment Of the stamp tax. and that The 81
quisite stamp was affixed and cancelled al
! the bank or person upon whom II was
avn before payment. cl
Where a check is presented at bank Pt
ithout having the requisite stamp afhX- q
/. the bank II IL pays such unstamped al
ieck. becomes liable TO the penalty pro- n
ded by section 10 OF the act. Bank may
ne defect by afiiXing proper stamp. n,
Eucket-shOp proprietors giving memo
ulum Of transactions are REQUIRED 10