The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-12-05
LEWIS II. eEAsoN, Editor 4 Mgr
STAMP TAX IN FORCE

To provide funds for running the
government, instruments Of business
will have to be stamped on and after
December 1st The new wal revenue
tax contains numerous sections specify
ing the value or cost of the stamp re-
of contracts, certificates deeds, notes,
etc. and attorneys are being asked daily
by business clients for advice regard
ing these stamps.
In order that the It mp revenue
may not be evaded through failure to
execute the documents In writing as
specified In the law, penalty Is aff
fixed for all parties who violate this
provision. The use of the various in
struments upon which a stamp tax is
imposed, Is required by the act so that
starnps must be used.
If any person issues, signs OF
makes or causes to be issued any In.
stlument in writing without the paper
being properly stamped, he viii be deem
ed guilty of misdemeanor punishable
by heavy fine, at the discretion of
the court.
Every stamp used on document
must be cancelled by the person using
NJ no Oh This cnucplIu-
ton shall be done by writing the
date of using and the initials of his
name across the face of the stamp.
Failure to do this is made punishable
By fine not exceeding $500, or i'm
prisonment OF not more than six
months. Where stamps are affixed to
certain enumerated articles they shall
be SO placed on the box. bottle or pack
age that in opening the package the
stamp will be destroyed. Default SO
to place such stamps, druggist S
articles, is punishable by the same pen
atty
The act declares that unstampet
documents are Illegal after December
LIST. 1t makes 1t unlawful to record
or register any instrument OF document
required by the law to be stamped UNI
less properly stamped.
The document stamp tax schedule IL
heaviest on real estate transfers OF
deads hondal warehnusa vithdra a. q |,
and custom-house entries.
The following synopsis of the act
covering all the instruments of bust
ness comprehended by the new law. ha
been compil ed for the guidance of tn,
public.
Agreements of sale of products O
merchandise on any exchange or board o
trade, per 800, l cent; agreement I,
sell as above, cent; bills of lading oil
each document. l cent: bills of sale o
products of merchandise on an,
exchange, per sl0o. l cent
bonded warehouse Withdrawals
each. so cents; bonds deben
lures certificates of Indebtedness IS
on each 500 of face value issued,
nts: bro ers' totes of mem ran
OF sales each 10 cents: certificates 9
damage and all certificates issued b
port warden or marine surveyor eaci
a5 cents; certificates of profit on eac
nf nltta . ;fsaa -
other than those named but require
by law to be issued each 10 cents; con
veyances of real estate texclusive of in
cumberances), more than 500 and les
than 5000. 80 cents on each add
tional $500 value, so cents; custom hous
entries not exceeding 500 in valu,
20 cents; exceeding 500 but not $50
so cents; exceeding $500, 81; indemnit
bonds. each, so cents; insurance policie
on each 81 PREMIUM IL cent; man
tests each, l cent power of attorne
Tor voting stock. each. 10 cents: pow,
of attorney for all ether purpe ses, eacl
20 cents; promissory notes and renewa
thereof. on each 800. cents; protest
each. rs cents; shipping receipts. eac
! cent stock certificates, on eah orr,
inal issue. per 800. cents; stock sal.
or agreements to sell, deliveries {
transfers, whether physical transfers
otherwise, per 800, 2 cents.