Arizona republican., 1914-12-10
KNOWN ABOUT TAX LAW
Emergency War Tax Reve- nue Measure Subject of Some Interesting Re marks by County Re- corder Vernon Vaughn

There seems to be very little gen eral information as to the instru- ments that are subject to taxation under the present emergency war tax" said County Recorder Vernon l.. Vaughn yesterday. Tt is applicable to deeds, deed trusts, mortgages, bonds, power of attorney, certificates of birth. death and marriage. There are other and further interesting things about it. Continuing, he said:
 The tax must be computed on the value of the interest or property conveyed, exclusive of the value of any lien or remembrance thereon in excess of $100, and 'ot to exceed S50050: and for each additional $500 or fractional part thereof in excess of S50050 Deeds which are executed, acknowledged and delivered prior to December l, 1914, and not presented to the recorder for record until said date or thereafter are not taxable. A deed for property, the actual value of which is less than S100 does not require d stamp. A contract for deed used in selling real estate is not sub iect to stamp Quit claim deed is taxable according to value of the property interest conveyed Deeds that are simply confirmatory and do not vest title not already vested are exempt from tax; as also are deeds of partition.
 "A deed for which the considera tion is love and affection should be taxed according to the actual value of the property conveyed. The fact that the deed is a deed of gift from husband to wife does not exempt if from tax. Deeds executed by sher-
 if in compliance with an order of court are subject to tax. In eases where the consideration in d deed is nominal, the actual value of the property conveyed shall govern the amount of stamps required. A con veyance of realty sold subject to an existing mortgage should be stamped according to the value of the equity or interest conveyed. Where an un- divider one-eighth interest in real property. the true value of the whole of which is s4.000. is sold for the nominal expressed consideration of veyed is $500, and the deed should be stamped accordingly.
 Trust deeds and mortgages are not taxable as such, however. the original notes the payments of which they were given to secure, must be stamped at the rate of , cents for each s1Q0 or fraction thereof The copy of the note or notes set forth in the trust deed or mortgage should show by endorsement the amount of stamps affixed to the original note or notes. and that the stamps have been cancelled. A deed of convey ance is not subject to taxation. Bonds made by public officials are re qGired to be stamped tax 90 cents Bonds given to insure the faithful performance of work on contracts are subject to tax. If the bond is giver by surety company the tax is one half of cent on each dollar of the premium in addition to the 50 cent tax on the bond. Bonds re- quired in legal proceedings are ex- empt from stamp act, prosecution bonds. injunction bonds, bonds to stay proceedings. bonds on appeal writs of error. bonds for costs and the like. Power of attorney to sell and convey real estate etc, tax 25 cents.
 Certificates of any description re- quired by law not otherwise speci- fled by the act, 10 cents Certifi cates given by an officer, not for a public or government purpose, but for private interest and use, are lia . ble to the tax if they are given in obedience to any law which requires them to be given when called for Certificates issued for tax sale oi certificates of redemption from tax sale do not require stamps Certifi- cates of birth and death. given in pursuance of the laws of the state requiring the collection and registra tion of vital statistics. are exempt Such certificates, however. when is- sued to private persons for private use, are subject to the Decent stamp tax Documents presented for record carrying the certificate of the coun ty clerk. are subject to a tax of 1C cents A certified copy issued under the seal of the county recorder. is a certificate, and consequently re- quires a 10-cent stamp. A transcript of judgment from justice court re- quires a 10cent stamp.
 "A marriage certificate, to be re- turned to any officer of state county. city or town. to constitute part of public record. requires nc stamp. A marriage certificate is. l'sued by the officiating clergyman ol magistrate and given to the parties if required by law. must be stamped at the rate of 10 cents. Stamp. must be affixed and cancelled by tho person executing the document ] Stamps should be affixed and can celled before the notary takes tn, i acknowledgement Cancellation is ef 1 fected by writing or stamping tho l initials of the person cancelling tn,