Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-06-21
CHANGES N TAX Law
------ ---------------
Many Of the Stamp Taxes Will
Expire on the First Of
July.
~
Annoyance of Stamping Tele-
grams. Receipts. Etc, Will
Be Dispensed With.
Large Saving in the Matter of
Deeds and Mortgages.
The Changes.

Washington, d. c., June 21-On July
nearly all the stamp taxes will be re-
pealed, so that from now on it will pay
people to take the revenue stamp into
consideration. OF course. no one would
stop sending telegraph messages for ter
days, or hold an express package the
rest of the month to save a penny. but
many dollars can be saved on deeds and
proprietary articles long ago began to
restrict their production in anticipation
of a repeal of the tax.
So far as the general public is con
cerned the repeal law will be chiefly
grateful because it abolishea the stamp
taxes on bank checks kilograms, ex-
press receipts and money orders. These
are the little taxes, small in amount bG.
annoying to the Individual What the
peoopole az a whole viii save money on
VIII be the stamps on conveyances.
mortgages leases and bonds.
The full list of the taxes which Viii
be repealed after next week is as fol-
lows: Bank checks, > cents. bills of Ia :
ing for export. 10 cents; bond or obliga
ton by guarantee company. Y of one
cent on each dollar; certificates of dam
age, % cents; certificates OF deposit, .
cents. certificates not otherwise speci-
lied, 10 cents: charter party. SO to sl15
chewing gum, cents each 81, CONNER
eial brokers, 500; drafts sight, 2 cents
express receipts. cent: insurance, life,
cents on each 800; marine, inland, ire,
y cent on each 81; casualty fidelity and
guaranty. X cent on each 81; lease, Is
cents TO ST. manifest; for custom house
entry. 81 10 So; mortgage or conveyance
In trust, % cents for each $500; order
for payment of money on sight or de-
mand; perfumery and cosmetics u cent
for each cents; power of attorney TO
vote. 10 cents: power of attorney to sell.
% cents; ptomissory notes, cents for
each 500; proprietary medicines "
cent for each cents; protest. IS cents:
telegraph message. cent: telephone
message, ! cent; United States money
orders. 2 cents for each 800; warehouse
receipts, % cents.
some Of the war taxes have been
modified ard after July Will be coll
lected in less onerous form,
the changes being as follows.
Beer, s. per barrel and - per cent dis
count, changed TO s1.6O per barrel and
7ie per cent discount repealed. Bills Of
exchange. foreign. cents for eacn 500.
changed to 2 cents for each 800. Cigars
weighing more than tlgse pounds per
Loco $3.50 per $1,000. changed to s. per
1000
Clgarets weighing not more than
three pounds rerSiooa sl.5o per Lore.
CHANGED tn valued at not more than s.
per Loo, is cents per pound; valued al
more than 81 per 1000 &c cents per
pound. Cigars Weighing not NOR than
3 pounds per 1000, 81 per 1000. changed
70 Is cents Per pound. Conveyance. so
cents for each $500; now exempted be-
low $500: above s2.5oo. Is cents for each
$500.
Legacies-Law modified 50 as TO ex-
ciude from taxation legacies of onarit-
able. religion literary. or educational
character after March \. 1901 Orders
for payment OF money by telegraph,
etc, issued by express companies. etc,
drawn in but payable out Of United
States. 9 cents for each $500 Passage
tickets, 81 to So; now exempted below
$50 in value; for each $40 80 cents. ex-
ceeding $50 in addition thereto 30 cents.
Sales of products at exchanges: One
cent for each sl0o retained. hui sales Of
MERCHANDISE in actual course of trans
por,ation exempted from tax.
Tobacco and snuff Il CENTS per pound
row discount of 20 per cent allowed.
These reductions and repeals will cost
the government si0oo0.0o0 a year. but
there will still be left nest egg pro-
viding about $50 900 600 more. The theo-
| ry of congress was to leave the taxes OF
| the weather. classes. The war revenue
| taxNs retained after July withou
| change include bankers capital anc
| surplus. $50 for $4,000 and 50 for each
I additional $1,000; bonds, debentures. GER
| ,ficates of indebtedness, etc, cents fol
| each 500: bonds for indemnity or foi
due execution or performance Of dutie.
! Of any Office or position, 80 cents
4 broker, so cents; brokers' contrac., !,
! cents; certificates of stock. original Is
sue, cents for each 500: certificates q
4 stock transfer, 2 cents for each $40
! (amended to include sales at buckle
/ shops; cigareis weighing more thar
three pounds per 1000 $500 per LOCO
custom house brokers. sl0- dealers i,
leaf tobacco, s6 to sa4. according I,
I sales, dealers in tobacco, sl2 when sale
exceed 10000 pounds; drafts. time. o
bills of exchange. inland, 2 cents 70
each 500; entry of goods at custom
| house for consumption. % cents TO 81
entry for withdrawal, SO cents: freigh
receipts or domestic bills Of iading.
cent; manufacturers of cigars, Sc 10 81
! manufacturers of mixed -four, s12 pc
annum; manufacturers of tobacco. Sc I
s24; mixed -four. 4 cents per barrel
! pawnbrokers. $50: petroleum and sugar
refireries, u per cent on gross receipt
ir, excess of s25o.0O0; proprietors o
bowling alleys or billiard rooms. s. 70
each alley or table; proprietors of cir
cuses. 800; proprietors Of other publ
exhibitions. $40: proprietors of theaters
museums and concert halls. 500; sleep
ing and parlor car tickets, / cent
sparkling or other wines. one pint.
cent; more than one pint. 2 cents; te
customs, duty of 10 cents per pound.
Besides these changes in the law Their
are two entirely new taxes imposed b
the repeal law. which went into effect o
April /. They are: Broker. class 2, spe
cial tax in addition to all other specis
cHn $ra MT