The Bridgeport evening farmer., 1915-08-03
STATE TREASURER
 ISSUES CIRCULAR
Information As To Tax on Securities And Other
 Choses.

the payment to his office of the tax upon stocks, bonds and choses in action generally. Copies of the cir cular will be mailed upon application. It is in part as follows:-
 Fictious or supposable cases not considered by this department.
 The rate of tax is 1 mills on the dollar for each year; this is 40 cents a hundred, or at the rate of ? per cent. for five years.
 Address correspondence and make checks and money orders payable to State Treasurer
 Tax for time passed. or, back taxes, cannot be received after September 80. 1915.
 Money in bank (savings bank de- law when certificates of deposit are procured and described.
 Part of a note cannot be exempted and part taxed, it is all or none. Certificates for shares of stock are not taxable under this class of taxa
 Please fill blank spaces in heading to lists instead of writing separate in structions on another sheet, and see that Hour list is signed. Ladies please give street and number.
 Each bond, note or other chose in action upon which the holder desires to pay the tax, or written descrip- ton thereof, giving name of maker, designating or Serial number, and amount of each chose in acton, must be brought or. sent to ths office. References to former lists or to the ueasurer's book cannot be accepted.
 The treasurer is not authorized to receive any tax for a shorter period than one year, nor for any fraction of a year. The statute authorizes the payment of tax of 2 per centun1 on the face amount of a note or bond for five years, or at the option of the person paying the tax flor a greater or less number of years at the same rate.''
 Lists are preferable and danger of loss by mail is avoided when they are sent, but if securities are sent to this department, the parties sending them must instruct how to be re- turned, if to be returned by mail, must enclose sufficient postage stamps for return
 The following securities are exempt from all state and local taxation against the owner: United States bonds; any bonds issued under statute of this state which specifically exempts them from taxation; bonds issued by any city or town in the aid of the construction of railroads, and bonds issued to redeem the same as provided in Section 2315 of the Gen erai Statutes; bonds and other choses in action of Connecticut railroad cor porations, both steam and electric and bonds or other evidences of debt; of all Connecticut water, gas, electric, heating and power companies; also notes secured by mortgage on real estate in this state to an amount equal to the assessed valuation of such real estate.
 All other bonds, notes and choses in action; including those of all rnaru- facturing. mercantile and municipal l corporations are taxable either to the state at 4 mills per annum in accord ance with Section 2325, or locally as provided in Section 2323 of the Gen eraI Statutes.
 Attention is invited to the fact that all notes, bonds, etc, described in the lnvestmen ents tax law, will be subject to local taxation, except such as shall be presented or exem ption to the state treasurer before the day taxes are laid on the lists in the various towns. The day before the local tax is made for is the last date, and securities or lists must be in the treasurer's office on the day before the list is made for
 Local lists for taxation are made as off
 March 1 in Waterbury. May 1 in Middletown
 June 1 in New Haven
 July in Wal1ingford. September 1 in Ansonia. 1 September 1 in Bridgeport. 1CSlopeT III all OIner towns and ] cities in the state
 Every effort will be made at this l office to avoid unnecessary delay, but owners of such property are ereduest- ed to present it for exemption as early as possible, and so aid in the dispatch i Of business at this office, and escape those yexatious delays that are tun- ] ayoidable because of the press of busi- ness during the last days for exemp- tlon for the year. If you list is not in this office two weeks before local lists are due, you may expect your exemption certificates will be delayed. and the lists of securities must be pre- sented, and tax paid to the state treasurer before. the day town or city | taxes are paid, as above stated. Heavy penalties are imposed by Chapter 293 of the public Acts of 1915 on the estates of those who neg lected or failed to pay taxes on se- curltles A copy of this law will be sent on request
 When sending for blank lists please specify what length, or how many lines are wanted. One list will suffice Tor many choses. as a single line suf- l hces for one note or bond. l Do not fasten lists together. Use additional lists and number them if many securities are included
 A digest of the inheritance tax law an explanation of which appeared in
 papers Thursday morning, is given al
 so in the circular
 President Wilson signed conn,is- slons of 160 West Point graduates. He
 had been asked to sign them as quick ly as possible, so that the men co11Id
 De assigned to their posts