The Blackfoot optimist. [volume] (Blackfoot, Idaho) 1907-1918, 1914-12-10

vided: That nothing contained in
this paragraph shall be so construed
as to impose tax upon any instru-
ment or writing given to secure q
debt.
This act taxes such instruments on
the value exclusive Of the value Of
any lien or encumbrance thereon.
Referees decd.
A conveyance of realty by a master
commissioner must have necessary
stamps to be receivable for record.
Taxation of conveyances of realty
sold subject to mortgage
Escrow deeds arc not subject to
taxation until final delivery.
A contract for deed used in selling
real estate is not subject to stamp
tax
Releases of mortgages and deeds Of
trust operations as mortgages are not
subject to taxation, no matter in what
form they are executed.
Deeds of masters in chancery are
required to be stamped.
Warranty deed, with vendors lien
taxed as a conveyance of land. No
mortgage tax imposed thereon.
When a partition deed is operative
In defining boundary lines, or in
showing by location, each tenant-in-
commons interest no tax accrues.
A deed or mortgage executed and
delivered prior to Nov 1, 1914, is
subject to stamp tax when offered
for registration after that date in
states where, by state law, registra-
ton is necessary to pass title or
establish valid lien.
| Conveyance of a mine located on
unpatented land is subject to taxa
ton.
Deeds of =, conveyance executed by
and between tenants-in-common, not
taxable Deeds of conveyance ex-
ecuted by and between Joint tenants
taxable.
| Conveyance of realty to trustees or
oether persons without a valuable con-
sideration, not taxable.
decd Of conveyance conveying real
| estate that lies in countries that are
not United States territory, is not
subject to taxation, though the grant
or and grantees may both be citizens
and residents of the United States.
Deeds that are simply confirmatory
and do not vest title not already vest
ed, are exempt from tax; same as to
deeds Of partition.
II deed does not grant, assign,
transfer or convey to the purchaser
any lands. tenements or other realty,
but only the right to burial to erect
monuments, ETC., 1t does not require
a stamp.
| Quit claim deed taxable according
to value of the property interest con-
vcyed
Contracts for sale of land taxable
If they vest title; If provision is made
for future delivery of deed. they are
not taxable.
Ground-rent deed taxable as a con-
veyance and not as lease.
| Certificates
Letters of administration and other
probate papers. certificates of sale for
unnaid taxea md certificates NJ ro
demption, no stamp required.
Certificates Of authority issued to
insurance agents by state officers are
subject to taxation, and the rate i'm
posed is 10 cents on each certificate.
| Certificates attached to disposition
to be used in legal proceedings, not
taxable.
| Certificates required by law, issued
by any department or officer Of the
government at the request Of private
persons. solely for private use, should
be stamped. The stamp should be
furnished by the person applying for
tho instrument and for whose use and
benefit the same is issued, and should
be affixed before the document is de
livered.
Certificates issued by an officer OF