Bisbee daily review., 1906-10-24
NEW STAMP LAW FOR REPUBLIC
 0F MEXICO
What Will Be Required After November 1st in the Matter of Taxes on All Manner of Documents.

l DOUGLAS. Oct. 9. (SpeciaD- The new stamp law recently pro 1 mulgated by the Mexican government will become effective oo November | 1906. This federal stamp tax must be paid on all deeds, contracts and docu' ments which are made, drawn up, or issued abroad. provided that they are to take effect in the republic, except in such cases as may be determined bv law. Contracts made abroad on account of the federal government, documents relating to payments made abroad on account of the government and documents which have paid con- suiar fees in accordance with the tariff are exempt from the stamp tax.
 Additions and amendments to man. ifests, to requests for clearance or for customs permits, and to invoices are subject to a stamp tax of 50 cents, No stamps are required on certificates granted to vessels leaving port in bal last. Charter parties made abroad which foreign merchant vessels are obliged to present to the captains of the Mexican ports on entering and leaving harbor do not pay stamp tax Bonds or guarantees issued in the cases of loss or nonreceipt of bills of lading by the consignee to the carry | ing company to secure delivery ot goods, will, in the future, pay a stamp tax of 25 cents. instead of S3. as for merly. The original copy of the doc lument nominating a consignee, which captain of vessels may make in ac cordance with the general customs or dinance, is charged cents stamp fee | instead of 50 cents as formerly.
 With reference to leases, for a fixed term of five years the new tax is to be at the rate of cents for every 1t pesos or Mexican dollars, no distinc tion being made between a notarial ol a private document as regards the effect of the law. When the lease exceeds five years in duration there
 will be rate, as regards the excess of 1 cent for every 10 pesos.
 l With reference to letter powers,
 under the new law if the power 1:
 given by one person only in favor O
 one person only, the stamp will be
 cents, but if three persons intervene | in any capacity whatsoever, thu
 stamp must be % cents, irrespective
 of the number of principals or of at ltorneys.
 | With regard to the transfer of req
 estate, the price is unalterated wher lthe price exceeds $500, but when tht price is less than that sum and the
 transfer is made by private docu
 ment," the rate will be cents fol
 every 10 pesos. At present the ratt is cents for every 10 pesos.
 There are some very importsn
 changes in the law touching conces i sions. Under the present law tht
 stamp tax on water power is simpl!
 nominal, whereas under the new law
 the tax will be as follows: CD Fol
 every leaf of the concession. S5: e for every horse power, to be deter mined in the manner provided by thu
 law Itself, g if the concession is fo thirty years or more, if for a shorte lperiod the rate will be $1 per hors, power. With regard to irrigation | concessions, the rate will also be 5. per leaf, and in addition, if the con cession is for thirty years or more, tn, tax will be at the rate of S5 for ever,
 cubic meter per second, or if for les
 than thirty years, $2.50 per cubic me ter per second.
 Regarding railway concessions, thu change is quite important, the sam
 charge remaining of s5 per leaf, and in addition, $10 for every kilomete
 which it is proposed to construct. On
 mortgages, the charge is reduced iron 70 cents, as at present, to 50 cent per $108 borrowed.
 Another notable reduction Is effec
 ed with regard to powers of attorney ientered into before a notary public At present, the stamps required, whel the amount involved is stated. are a
 the rate of 2 cents for every $20 O
 10 cents per $100. Under the ney
 law the ed valorem duty will be don away with altogether and a uniform stamp tax will be imposed irrespet
 tive of the amount involved, as fo
 lows: O If there is only one princi lpal and attorney, the tax will be { per leaf; (2) if three persons inter lyene. the stamp must be $4 per leaf ] (3) if four persons, the stamp rat
 Is for $5 per leaf, and (4) if five pei sons. the stamps must be at the rat of s8 per leaf.
 With respect to contracts for tn loan of money the rate will be rs
 duced from 70 cents per s10o, as a present, to 50 cents.