The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-01-25

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That in all policies for life Insurance.
only, issued on the Industrial or other
weekly or monthly payment plan OF IN
surance tax to be paid shall De ~ Per
centum of the amount of the flrSt Weesr-
" premium or per centum Of the tlrst
monthly premium, and provide furtnef.
that the provisions of this section snail
not apply to any fraternaI Denent soc'-
ETY. order or farmers purely local CD
operative company or association or ef1l-
ployes relief association, operated on a
lodge system or local cooperative pians
organized and conducted solely by the
members thereof for the exclusive bene-
1T of its members and not for profit.
Marine, inland, fire, casualty, fidelity
and guaranty insurance Comparisons
quarter or one per cent OF the gross
premiums purely cooperative or mu-
tual fire insurance companies 10 De eN-
empted.
All insurance companies are to be re-
quired to make annual returns TO the
commissioner of internal revenue, the
returns required being such as will eI-
able the commissioner to levy and col
lect from the companies the taxes re-
quired to be paid by them
In case OF non-payment Of the special
taxes levied against insurance cOInpa-
MES it is provided that the delinquent
company shall, beside being liable for
the payment Of double the amount Of
such special tax be deemed guilty Of
misdemeanor and upon prosecution
therefore shall pay fine Of not nloce
nal revenue is authorized to examine
books and assets Of companies he sus
poets of making false returns. In the eK-
listing law all deeds covering values ex-
ceeding 800 are taxed at the rate of 80
cents. The senate committee removes
the tax on all deeds where the valu;l-
ton is below $500 and makes the tax
rate rs, instead Of 90 cents. For each
addition $500 above So, 600 the tax is to
be % cents. The tax on bankers is fixed
at the rate of 81 on each $1,000 of capital
and surplus used by them.
Section 20 of the existing law, pertain
ing to proprietary articles including
drugs, perfumery, ETC., is rewritten. The
language of the first portion of the Sec
ton is allowed to stand except that per-
fumery and cosmetics are eliminated.
The provisions as reported, provide
that no stamp tax shall be imposed up
on any incorporated drug or chemical
where in the person making, uttering or
vending the same does not have or claim
to have an exclusive right to the max
ing or preparing OF the same or does not
have or claim to have any proprietary
right in the exclusive or special use of
the name or title thereof, or upon airy
incorporated drug or chemical nor
made, uttered or vended under any let
ters patent issued in this or any foreign
country nor upon medicines compound
ed according to pharmacopoeia formulas
or where the formula is printed on the
package, nor on any individual prescrip-
ton.
articles as fixed in schedule B, of the
existing law there are material reduc-
tons and various other changes, excIud-
ing the elimination of the tax of per-
fumery and cosmetics, chewing gum
and substitutes therefor and sparkling
or other bottled wines On patent med
icines the tax is reduced to one-tenth
Of one cent on articles, the retail price
of which does not exceed 10 cents. An
additional tax Of one-twentieth of one
cent is fixed on each additional five cent
value or fractional part thereof.
A SEPARATE section exempts requests
table or educational purposes from tax
alton under this law and it makes the
provision retroactive on all such legacies
on which the tax has not been collected
Most OF the articles upon which the
existing tax is repealed were annulled
in the house list Among the taxes
which the house removed entirely but
on which the senate committee did not
act and which therefore remained are
the following:
Custom house brokers, proprietors Of
theaters, circuses and other plays, bank
checks, drafts or bills of exchange. both
inland and foreign money orders, brok-
eTs contracts and manifests for custom
house entry. All these taxes are left as
in the existing law. The senate provfs-
ion in regard to steamship passage tick
cts leaves the tax upon all tickets cost
Ing more than $50. The house repealed
the entire tax. The house removed all
proprietary medicines and other pro
prietary articles, including perfunaerv
cosmetics and chewing gum from the
taxable list The senate modified this
action with reference to medicines only.