Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-11-02
ADJUSTMENTS AND
TOBACCO GET PINCH
OF WAR TAX TODAY
Extraordinary Measure Co.
ing Into Effect Will Exact
Heavy Tribute From Many
Industries.

Bankers. amusement proprietors, to-
bacco manufacturers and dealers are to-
day feeling for the first time the effect of
sections and 4 of the new war tax,
went into effect today. The bill providing
for this tax was signed by President VIII
son October 90
The banking tax on each $1,000 Of capi-
tai. surplus and undivided profits en-
plOyed in the business will amount to 81,
and is contained in section 3, the same
portion OF the new act which provides
for brokers, proprietors of theatres. cir
cuses, concert halls, bowling alleys, bill
Hard rooms and commission merchants.
The bank tax is applicable to any per-
son. firm or company and every incor
pOrated or other bank having a place
of business where credits are opened by
the deposit or collection of money or
currency, subject to be paid or remitted
upon draft, check or order, or where
money is advanced or loaned on stocks,
bonds, bullion, ETC." but savings banks
with no capital stock, including postal
savings banks, whose business is confined
to- receiving deposits and loaning or in
vcsting the same Tor the benefit Of the
dcpositors, are exempted from the tax.
Brokers Observation-Disclosures. $40
pawnbrolcrs ..... ................. 80
Commercial brokers. s........................ %
Custom Hougn brokers. s..................,... 10
Commission merchants. Observation-Disclosures. 30
Proprietors of theatres. museums, con-
cert halls and other similar places where
admission is charged are taxed as fol-
lows:
Wherc the seating capacity is not more
Seating capacity of not more than 500. .... so
Seating capacity OF not moro than 500. T5
Seating capacity OF more than 800. ....... 100
Proprictors OF circuses. Observation-Disclosures. 100
Proprctors or agents OF ali other public
Lecture lyceums ii,hnutnu6uas) agricuIturai
or indus trial fairs exhibitions under tho
are exempt from this tax; ..
Bowling alleys and billiard rooms, for each =.
Section / Of the law applies to tobacco
dealers and manufacturers, from the
small to the large producer. They are |
taxed as follows:
Tobacco dealers, 900 pounds annually. SO |
one hundred thousand pounds annually. II |
Over loOOOO pounds annually. ;....,:......; "a
Other tobacco dealers doing business OF
5000 year shop. .......,........,.... 4,so |
Tobacco manufacturers, 10000 pounds
ono Hundred thousand pounds a year,. IL |
Two hundred thousand pounds year.. Is
Four hunorcd thousand pounds year.. ~
one million pounds year. 90 |
Five million pounds year. .OO |
Ten million pounds n year. r..............,. 500 |
Twenty million pounds ycar.........,.. 100 |
over 2O.OOOO0O pounds year; .;....... 24a0 |
Cigar manufacturers. 100000 cigars
Two hundred thousand cigars year.. Il
ono million cigars a year.,............,. 80 |
Five million cigars year..,............ 100 |
Twenty million cigars n year, ..,....,..,. 500 /
Forty million cigars "a year. .............. 1900 |
over 4OOOOOOO cigars year. go. 24oe |
Cigarette manufacturers 100000 ciga- :,
retteS q year s''''''''s's
Two million cigarettes year. ..,......... p
Five million cigarettes year. .....,.'... 90
Ton rniIiion cigarettes. 100 |
irjftv million cigarettes a year........... GOO |
6ne brndrod million cigarettes a year,. 1900 |
0ver 100 600 OOO cigarettes a year. ........ 2ia6
A tax on beer and wines went into ef-
feet Immediately after the President
signed the new act, but an adhesive |
LII 81 hill mill mt inlEn |