Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1914-09-25
Democrats Agree On War Tax
Rates.


the emergency revenue bill are agreed
upon by the Democratic members of the
Ways and Means Committee.
The rates agreed upon are as follows:
Beer. $l50 per barrel; gasoline, 2 cents
per gallon; domestic dry wines. IL cents
a gallon. and domestic sweet wines and
all wines containing more than 3 per cent
saccharine, 20 cents per gallon.
Bankers. 81 upon each $1,000 of capital
and surplus employed. savings banks with
out capital stock to be exempt
Stock and bond brokers, $50; pawn
brokers. $40; commercial brokers. $50 /;
customs house brokers. $40.
All theaters in towns Of more than 49,
900 population, 500; circus proprietors.
500 4; proprietors of other public exhibit
tons or shows not specifically mentioned.
$40; proprietors of bowling alleys and
billiard rooms, SIS for each table or alley.
Tobacco dealers. $3.50 each. regardless of
the size Of the business done.
The stamp tax" provisions of the bill
are sui IN ally those of the old Spanish
war taN Nc taxes and omissions are as
follows
Bonds. debentures. and certificates of
Indebtedness. 5 cents on each 500 Of face
value or fraction thereof.
The tax on bank checks, drafts and GER
tificates Of deposits is omitted.
Bills and agreements Of sale, l cent on
each 500 or fraction; promissory notes,
cents on each 500.
Tax on foreign bills of exchange and
letters Of credit omitted
Express and freight receipts, 1 cent.
Telephone and telegraph messages, /
cent.
The telephone and telegraph tax applies
to messages which cost Is cents or more,
and will not cover local telephone calls
Indemnity bonds. so cents.
Certificates of profit, 2 cents on each
500; certificates of damage. rs cents.
Certificates Of all descriptions required
by law and not otherwise specified, 10
cents.
Charter contracts. and agreements for
the charter Of any ship. tax omitted on
constitutional grounds.
Brokers notes or memorandum of sale
Of any goods or property, 10 cents.
Conveyances or deeds, so cents. If more
than 500. and less than $500. and SO
cents on each $500 or fraction.
Entry Of any goods or merchandise at
any custom house. rs cents to 81. accord
ing to value.
Life insurance policies, 8 cents per 500
marine. inland and fire insurance, one half
Of one per cent on each 81; casualty and
fidelity insurance. one-half of per cent or
each 81.
Leases and contracts for the hire. use
or rent Of any land or tenement, omitted.
Manifests for custom house entry or
clearance for foreign port omitted.
Mortgage or pledge of land. estate, real
and personal property. rs cents on $1,000
10 $500 value. and rs cents additional
on each $500 or fraction in excess of ST.
500.
Passage tickets by any vessel from a
United States port to foreign port, 81. il
cost is $50 or under; So if cost is more
than $50 and not above $50; and SIS II
costing more than $50.
Powers of attorneys and proxies at cleo
tons of officers Of incorporated companies
10 cents; power of attorney to sell real
and other property. rs cents,
On protested paper, rs cents
Tax on warehouse receipts, omitted.
On each seat in a parlor or sleeping car,
cents. This represents the only increased
rate in the bill. the Spanish war tax being
cent.
The taxes enumerated in schedule "A"
known as the stamp tax section. shall not
be effective after December 81. 1915. All
other taxes are TO remain in effect until
repealed by subsequent legislation. The
stamp tax section is depended upon to
produce $3l.000.000 annually.