The Hartford republican. (Hartford, Ky.) 18??-1926, 1914-11-27
EXCERPTS FROM
WAR TAX Law
How The New Revenue
Statute Affects Us.
Almost Everything From A Box
Of Pills Must Be
Stamped.

We publish below the features OF
the new revenue. or so-called war tax
law, which affect this locality the
most seriously. There are many 9TH
er hard hit sections in other respects
but it is too long to publish in full
at tins time. The requirements for
deeds and other papers necessary to
be put to record are of especial in
terest here. II will be noted that
no record can be made unless the
required stamps are attached.
schedule A-Stamp Taxes.
Bonds. debentures. or certificates
OF indebtedness issued on and after
the first day OF December. 1914. by
any association, company, or corpor-
alton, on each 500 of face value or
fraction thereof, 5 cents. and on each
original issue. whether on organiza-
ton. of certificates of stock by any
such association, company. or corpor-
alton, on each 500 of face value or
fraction thereof. cents. and on all
sales. or agreements to sell. or mem
orands.of sales or deliveries or trans
fers of shares or certificates of stock
in any association. company. or cor
poration. whether made upon or
shown by the books OF the associa-
ton, company or corporation, or by
an assignment in blank, or by any
delivery, or by any paper or agree
ment or memorandum or other evil
dence or transfer or sale, whether
emitting the holder in any manner TO
the benefit of such stock or to Sc
cure the future payment of money
Abr Tor the future transfer of any
stock, on each 500 or face value
or fraction thereof. 2 cents: Provid-
ed. that il is not intended by this
act TO impose tax upon an agree
ment ovidencing a deposit of stock
certificates as collateral security for
money loaned thereon. which stock
certificates are not actually sold,
nor upon such stock certificates so
deposited: Provided further, that in
case OF sale wherein the evidence OF
transfer is shown only by the books
OF the company the stamps 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 certificate assigned in blank
there shall be made and delivered BIZ
the seller to the buyer a bill OF men,
orandu m of such sale, to which the
stamp shall be affixed; and every
bill of memorandum of sale or agree
ment TO sell before mentioned shall
: show the date thereof, the name OF
the seller. the amount of the sale.
and the matter of the thing to which
IL refers. Any person or persons liza
BILE to pay the tax as herein provided.
= or anyone who acts in the matter
as agent or broker for such person
or persons, who shall make any such
sale. deliver any such stock, or evil
dence of the sale of any such stock
or bill OF memorandum thereof, as
herein required. without having the
proper stamps affixed thereto. with
intent to evade the foregoing prOvis-
ions shall be deemed guilty of a
misdeanor. and upon conviction there
of shall pay a fine of not exceeding
$1,000, or be imprisoned not more
than six months or both, at the dis
erection of the court.
Upon each sale, agreement of sale,
or agreement to sell, any products
or merchandis at any exshange, or
board of trade. or other similar place.
either for present or future delivery,
for each 500 in value of said sale
or agreement of sale or agreement
to sell one cent; Provided on every
sale or agreement Of agreement to
sell as aforesaid, there shall be made
and delivered by the seller to the
buyer. a bill of memorandum. agree
msnt or other evidence of such SALE
agreement of sale, or agreement to
sell, to which there shall be affixed
a lawful stamp rstamps in value
equal to the amount of tax on such
sale. And every such bill. memoran-
d(Fm, OF every evidence of sale or
axreemtn to sell shall show the date