The Bridgeport evening farmer., 1910-08-24
PAYING TAXES ON
 CLOSES IN ACTION
How They Should be Paid to
 State Treasurer
Letter of Instruction Prepared at
 Treasurer's Office, Questions Liable to Arise Are Answered

The state treasurer's office is send ing out blanks to be filled by those having bonds, notes, and choses in action upon which taxes should be raid. With the blank is sent a cir cular letter which answers the ques- t1ons that may arise as to the pay ment of the tax. The letter follows:
 In reply to your inquiry relating to the taxation of notes, bonds. etc, your attention is called to the part of this circular marked.
 Fictitious or supposa ble cases not decided by this office.
 The rate of tax is 4 mills on -he dollar for each year; that is 40 cents hundred
 Each bond, note, or other chose in action upon which the holder desires to pay the tax, or written descrip- ton thereof, giving name of maker. date, designating number and amount Of such chose in action, must be brought or sent to this office. Refer ences to former lists OF to the treas Urer's books cannot be accepted
 Address correspondence and make checks and money orders payable to State Treasurer"
 All persons sending bonds or notes struct how they wish them returned, and if to be returned by mail, must enclose sufficient postage stamps for their return; if lists of such notes or bonds are sent, return postage is not required; on this account lists are preferable and danger of loss by mail is avoided.
 Tax for time passed, or back taxes can not be received.
 The treasurer is not authorized to receive any tax for a shorter period than one year, nor for any fraction of a year. The statute authorizes the payment of tax of per eentum on the face amount of a note or bond for five years, or at the option of the person paying the tax flor a greater or less number of years at the sam e rate.''
 Shares of stock are not taxable un- der this class of taxation, but are taxed otherwise. Certificates of de- posit are liable to this tax, and mon ey in bank can be taxed in this way when certificates are procured.
 Part of a note can not be exempted and part taxed. It is all or none.
 Please fill blank spaces in heading to lists instead of writing separate instructions on another sheet.
 Bonds or notes secured by mort gage on real estate situated within this state are not subject to state or local tax, and so can not be exempt ed from local taxation under this law. Bonds of Connecticut railroads are not taxable under this law; the rail- road company pays the tax on them, but bonds Of other railroads are tax able here.
 Attention is invited to the fact that all notes, bonds etc., described in Section of the investment tax law, will be subject to local taxation, ex- cept such as shall be presented for indorsement and recorded at the of fee of the state treasurer on or be- fore September 30 of each year. Sep tember 30 is the last date. and securi- ties or lists must be Tn the treasurer's office then October 1 or any later date is too late. Every effort will be made, at this office to avoid unneces- sary delay, but owners of such de- scribed property are requested to present it for record as early as pos sible and so aid in the despatch of business at this office and escape those vexatious delays that perhaps may be unavoidable because of the press of business during the last days in September. If your list is not in this office before September 15, you may expect your eX~ .nption certifi- cate will be delayed until after Octo- Der l. This section applies only to towns where lists are required as of is changed by legislative enactment presented before the day town or city taxes are laid.
 When sending for blank lists, please specify what length or how many lines are wanted. One list will suf- fee for many choses, as single line suffices for one note or bond. Parti- icular attention is requested to that section marked, and please send as early as possible.