Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1914-12-09
REVENUE TAX WENT
into EFFECT DEC. |
Three Kinds of Stamps Must be Used
In Various Denominations.
POSTAGE STAMPS ARE NO GOOD
USE INTERNAL REVENUE STAMP
Wines, Liquors, Bitters, Telephone
Calls, kilograms, Insurance
Policies are Taxed.

war revenue Emergency Act wen;
INTO erect throughout the United
states on December 1st 1t will be
necessary to put internal revenue
stamps postage stamps will not dol
on scores of documents and articles
under heavy penalties for failure So
to do.
me stamp taxes affect a w;de
range or instruments and articles.
collector of Internal Revenue Louis
Murphy has prepared the following
schedule for tie information and
convenience of the people, showing
the kind and denomination of stamps
which must be used and on what they
must be placed. There are three
kinds of stamps-wines, documen-
tary and proprietary
Documentary Stamps.
The law makes it unlawful to re-
cord or register any instrument, pa
per, or other document required by
law to be stamped unless stamp or
stamps of the proper amount shall
have been affixed and cancelled as
provided. The documents and instrrl-
ments which must be stamped. toge-
ther with the denomination, follow
hNAilNiPdi, SJdle, COUNTY, IONIl,
bonds, etc, exempt: stocks and bonds
of cooperative building and loan,
mutual, ditch or irrigating companies
and building and loan associations or
companies that make loans only 10
their shareholders, exempt.
Bonds, debentures, certificates Of
Indebtedness (not bank certificates
of deposiD, cents on each 500 OF
face value or fraction thereof
Sales, or agreements to sell, or
memoranda of sales or deliveries or
transfers of shares or certificates OF
stock, in whatever manner made, 2
cents on each $100 of face value, or
fraction thereof:
Sale, agreement of sale, or agree
ment TO sell, any products or mer-
chandise, at any exchange, or board
of trade, or other similar place,
cent for 500 and l cent for each
additional 500 or fractional part
thereof in excess of 800: if sale is
accompanied by bill of lading, no
tax.
Promissory notes. and for each re-
newal, 2 cents up to $100, 2 cents on
each additional 500 or fractional
part thereof.
On bills of lading manifest or other
form of receipt where charge Of
shipment exceeds cents, l cent
stamp.
On telephone messages for which
charge is 15 cents or more, | cent
will be collected by the company.
On telegraph messages for whic' /
charge is 15 cents or more, l cent
stamp.
Indemnity bonds, excepts such as
required in legal proceedings a 90
cent stamp.
Certificate of profits or related IL
struments, on each 500 of face val
lie or fraction thereof, cents.
Certificate of damage, % cents.
Certificate Of any description re-
quired by law not otherwise specified
in the Act, 10 cents.
Brokers note, memorandum of
sale of any goods or merchandise
stocks, real estate. ETC., not otherwise
provided for, 10 cents.
Deeds or other instruments convey
ing title to real estate, exclusive of
the value of any incumbrance there
on when the consideration Of value
exceeds 500 and does not exceei
a
tional $500 or fractional part there
of in excess of $500, so cent stamp.
Instruments 10 secure debt are un-
taxed
Entries for withdrawal of goods
at any custom touse, not exceeding
S100 in value, 25 cent stamp; eX-
ceeding $100 am not exceeding $500
in value, $1.00.'
60 ~ Id al Of
from customs bonded warehouse.
so cent stamp.
Insurance policies, one-half of one
cent on each dollar or fraction there
of premium: policies of purely coop
erative or mutual fire insurance COM
panies or associations or corpora
tions for their own protection and
not for profit, exempt.
Idemnity bonds, one-half OF cent
on each dollar or fraction thereon or
premium. ~
Steamship tickets: value up to $40,
one dollar stamp; $50 to $50, $3
stamp: over $50, So; tickets less
than sic exempt.
Power of attorney or proxy Tor
voting. 10 cents; for conveying or
selling, renting, for collecting rent
selling or transferring stock, etc., col
lection of dividends, % cents.
Protests of notes, bill of exchanges
acceptance, check or draft, 20 cent
stamp.
Proprietary Stamps.
Stamps used on perfumery, cos,
metics and other similar articles ana
stamps for chewing gum are the
proprietary stamps. These stamps
must be so placed on packet, pox'
bottle. pot, phial or other enclosure
that when cork is removed or DON
opened, stamp will be DESTROYED. Inc
articles covered are amy essence, eA-
tract toilet water, cosmetic, vaseilne'
petrolatum, hair oil, pomade, mar