East Oregonian : E.O. (Pendleton, OR) 1888-current, 1913-12-10

Obligations Exempt.
There is exempt the interest and
receipts which are derived from gov
ernment bonds and state nd munich.
pal bonds and the like.
Date Law Is Effec4lve.
From March 1. 1913, to December
s1st, 1913. that being five-sixths of
year
Date of Returns.
Returns are made before the 1st
day Of March, 1914. and annually
thereafter.
Returns Payable.
Returns payable June 1st or within
80 days thereafter.
Reports Due and Taxes Payable.
For the year ending December 81.
1913. reports must be made of the
business done and income received
from March 1, 1918. to December 81,
1913, both dates inclusive. Such re-
ports must be filed with the colIec-
tor of internal revneue of the dis
trict in which the taxable person re-
sides on or before March 1. 1914, and
on or before March 1st of each year
thereafter The collector then makes
list of such reports and forwards
them to the commissioner of internal
revenue at Washington, D. c., who
| makes the assessment on the return
shown by each taxable person and
returns the list to the collector for
! collection. Notices Of the tax due are
then mailed to the various taxable
persons on or before June 1st of each
year and the tax must be paid on or
before June 80, 1914, and on or be-
| fore June 80, 1914, and on or before
June goth of each year thereafter.
Those Who Take Out Licenses.
| All persons, firms, or corporations
undertaking as a matter of business
or for profit the collection of foreign
by means of coupons, checks, or bills
of exchange shall obtain a license
| from the commissioner of internal
revenue, and shall be subject to such
| regulations enabling the government,
to ascertain and verify the due with
holding and payment of the income
tax required to be withheld and paid
as the commissioner of Internal rev
enue, with the approval of the secre'
tary OF the treasury, shall prescribe
Penalty for Not Taking Out License
Any person who shall knowingl,
undertake to collect such payment
as aforesaid without having obtained
license therefor or without comply
ing with such regulations. shall b,
deemed guilty of misdemeanor ant
for each offense shall be fined In q
sum not exceeding $4,000 or imprison
ed for term not exceeding one year
or both, in the discretion of the court
Penalty.
There shall be q per cent penalty
attahed and then 1 per cent intcres
thereon, II not paid when due.
Those Who Are to Report the Tax
Those who have incomes to ex
ceed $4,000. who are not married, ant
those who have $4,000, who are mar
ried.
Penalty.
Should they make an error or fai
to make out their return they are II
able to a fine of from $50 to $1,000.
False Returns.
Punishment may be either fin,
Of $4,000 or years imprisonment II
jail, or both.
Corporation Of Joint stock Company
Any corporation, joint stock com
pany. association or insurance com
pany which shall refuse or neglect +
make a return at the time specified
shall render false or fraudulent re
turn, such corporation or Joint stool
company, association or insuranc
company, shall be liable to a penalt
not exceeding $4,000.
Corporation Returns-Penalty.
In case corporation, person com
pany or association shall make a falls