Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1914-11-17

any business or occupation for which
special taxes are imposed by this act.
without having paid the special tax
herein provided. shall, besides being
liable to the payment Of such special
tax, be deemed guilty Of misdemean-
or, and upon conviction thereof shall
pay a fine Of not more than $500. or be
imprisoned not more than six months,
or both, at the discretion Of the court.
Provided. that the special taxes i'm
posed by this act and payable during
the special tax year ending June 30.
1916, shall be collected and paid pro-
portionately for the period during
which such taxes shall remain In force
during said year"
Special Stamp Taxes.
On and after Dec. l. 1914. for bonds.
debentures. certificates Of indebted
ness and certificates of stock stamp
tax of 5 cents on each 500 Of value
is provided. Government and munich
pal bonds are exempt. as are stocks
and bonds Of building and loan assO-
Citations and mutual ditch or irrigat-
ing companies. On all sales or agree
ments to seb or memoranda Of sales
or deliveries or transfers Of shares or
certificates of stock 2 cents on each
500 Of value.
These proviSos ure made:
"That 1t is not intended by this act
to impose tax upon an agreement
eyidencing deposit Of stock certib-
Gates as collateral security for money
loaned thereon. which stock certificates
are not actually sold. nor upon such
stock certificates 50 deposited: Provid-
ed further. that In case Of sale where
the evidence Of transfer Is shown only
by the books Of the company the stamp
shall be placed upon such books, and
where the change Of ownership is by
transfer certificate the stamp shall be
placed upon the certificate. and In cases
Of an agreement to sell or where the
transfer is by delivery Of the certifi
cate assigned in blank there shall be
made and delivered by the seller to
the buyer bill or memorandum Of
such sale. to which the stamp shall be
affixed. and every bill or memorandum
Of sale or agreement to sell before
mentioned shall show the date there
of, the name of the seller, the amount
Of the sale and the matter or thing to
which 1t refers"
Upon each sale, agreement Of sale or
agreement to sell any products or mer
chandise at any exchange or board Of
trade or other similar place. either for
present or future delivery, stamp
fax Of l cent for each 500 in value Is
levied.
Promissory notes and on each renew
al are taxed cents for 500 value.
Express and freight bills Of lading
must carry one cent stamp.
Regarding newspapers the law says
"A consignment Of newspapers to
any one point or to different points by
the same train or conveyance when In
closed in one general bundle ut the
point Of shipment shall be considered
as one shipment. and in lieu Of bill
Of lading therefor the publisher Of such
newspaper shall tile on or before the
fifteenth day Of each month with the
collector Of internal revenue for the
district In which such newspaper Is
published Il report under oath showing
the number Of such shipments during
the preceding month. to which report
such publisher shall aftix and cancel
stamps equal In value to l cent for
each shipment so reported: Provided
further. that the report herein required
shall not include shipments Of newspa-
pers delivered to points within the
county in which the same are pub
lished."
The penalty for failing to stamp bills
Of lading is fine Of $50.
Regarding telegraph and telephone
messages, the law reads:
ut shall be the duty Of every person.
Hrm or corporation owning or operat-
Ing any telegraph or telephone line or
lines to make within thirty days after
the expiration Of each month sworn
statement to the collector Of Internal
revenue in each Of their respective dis
tricts, stating the number OF dis
patches. messages or conversations
originated ut each Of their respective
exchanges, toll stations or offices ana
transmitted thence over their lines
during the preceding month for which
a charge Of Is cents or more was I'M
posed, and for each of such messages
or conversations the said person,
firm or corporation shall collect from
the person paying for the message or
conversation a tax Of l cent In addi-
tion to the regular charges for the
message or conversation, which tax
the said person, firm or corporation
shall in turn pay to the said collector
of internal revenue Of their respective
districts"
Indemnifying bonds are subject to
tax of 50 cents: certificate Of profits. 2
cents for each 500: certificates Of dam
age, ETC., 25 cents; all other certificates
required by law. 10 cents each.
Brokers' notes. memorandums OF sale.
etc, 10 cents each; conveyances, such
as deeds. between 500 and $500 above
any lien or encumbrance. 80 cents, and
80 cents for each additional $500. but
instruments to secure a debt are ex-
empt; custom house receipts. 25 cents
to 81 for from 500 to $500 or over: Gus
tom house withdrawal entries. 30 cents
each.
Insurance Policy Tax.
The tax on marine and fire Insurance
policies IL / cent on each dollar of pre-
MUM, cooperative or mutual fire In
surance companies being exempted.
Policies Of reinsurance are exempt.
Other insurance policies and guaranty
bonds, except life. personal accident,
health and workmen's compensation.
one-half Of / per cent on each dollar.
The full text on insurance is:
"Insurance-Ea Each policy Of insurance
or other instrument, by whatever name
the same shall be called. by which in-
surance shall be made or renewed upon
property Of any description Qncludlng
rents or profits), whether against peril
by sea or on inland waters, or by tre