The border vidette., 1915-01-02
THE 1914 WAR TAX,
Important Decisions by Revenue Com
 missioner.

what instruments the war re- venue law applies the internal revenue collector has issued a statement embodying important points decided by the commis- sioner of international revenue. Transfers of stock from guar dian to ward are subject to taxa ton.
 Preferred stock issued in lien of common stock is not taxable when there is no change of ownership.
 Where one certificate repre- sents several shares, the tax of cents on each S1OOO or frac- tion thereof is to be reckoned on the face value of the certificate, and not on the face value of each separate share.
 Receipts accepted in lieu of promissOry notes, as evidence of money loaned, must be stamped as promissory notes.
 Checks issued in lieu of pro- missory notes must be stamped at the rate of 2 cents per $1OO.
 No stamp is required upon the transfer by indorsement of promissory notes which have matured and have been allowed to be renewed by thz payment of interest. This is looked upon as & "forbearance" and not re- newal, the holder not relinquish- ing his right of action for any stated period.
 Memorandum eceipts for freight, afterwards exchanged for bills of lading, must be stamped when issued.
 Bills for lading or receipts from transportations companies may include more than one ship meat therein, provided that a value to 1 cent for each ship and cancelled.
 The fact that an individual holds a telegraph frank has no bearing upon the question of liability or non liability to stamp tax of the message sent by such frank holder.
 Bonds of municipal officers re- quire stamping.
 Bonds of notary public are subject to tax.
 Bonds of administrators, eX- ecutors, guardians, and receiv CTS appointed by the courts are not taxable.
 Bonds given by public officers such as sheriffs, clerks, regist CTS, or recorders of deeds, treas urers of counties, cities, or towns, or other public officers of like character, are required to be stamped.
 Bonds required in legal pro- ceedingS are exempt from stamp tax.
 Letters of administration and other probate payers, certifi cates of sale for unpaid taxes, and certificates of redemption do not require stamps.
 Teacher $ certificates issued by state or county officers do not require stamp.
 Certificates of authority issued to insurance agents by state of 11O SAOJCSO OO AdulOh, and the rate imposed is 10 cents on each certificate.
 Certificates attached to depoSi- tions to be used in legal pro- ceedings are not taxable.
 Certificates required by law is sued by any department or off cer of the government, at the request of private persons, sole ly for private use, should be stamped. The stamp should be furnished by the person apply ing for the instrument and for whose use and benefit the same is issued and should be affixed before the document is delivered
 Certificates of officers of the United States, given in the dis charge of official functions ne- cessary in carrying on the ma chinery of the government are exempt.
 Certificates issued by an off cer of a state, in the interest of the state, are exempt.
 A marriage certificate, to be returned to any officer of a state, county, city, or town, to constl- tute part of a public record, re- quires no stamp. A marriage certificate issued by the officiat- ing clergyman or magistrate and