The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1916-09-15
STAMP TAX
Stamps on Large Number Of
Items Abolished.

Beginning Saturday the stamp
taxes, which have been making
holes in a large number of pocket
books, will have been abolished.
The abolition of the war tax,
as it is generally known, comes
about through changes made in
framing the new emergency rev.
enue bill, which became effective
Saturday; and while the scope
Of the stamp tax was very wide
and covered almost everything in
the way of luxuries, and many
necessities the new law makes
important changes. The tax is
not removed from liquor, but has
been modified considerably, it is
understood; and it is believed
that tobacco still has to produce
additional revenue for the gov
eminent; but the tax has been
eliminated from almost every
thing which affects everyday Life
Of the average citizen.
An important fact in connection
with the new stamp tax provis-
ions is that those having ON hand
unused tax stamps and have no
further use for them under the
new law, may redeem them at any
time during the next two years.
1t is uncertain, so far as knOwl-
edge here is concerned, what COM
modities are still taxed, but word
was received which makes GER
tain schedules A and B of the old
law have been eliminated. These
contain provisions covering the
most important items to the av-
erage citizen.
The old stamp tax law was pas
sed by congress in October, 1914,
and became a law Dec, l, that
year. 1t was provided that it
would hold for one year with the
option of re-enactment. In view
of the fact that restricted condi-
tons had not been alleviated at
the end Of year, the law was re-
enacted last year.
The items released from the
stamp tax by the provisions of the
new law are as follows:
Bonds, debentures or certifi-
Gates of Indebtedness issued by
any association, company or cor
poration, 5 cents on each 800 OF
face value or fraction thereof.
Certificates Of stock on organ
|ization or reorganization, to the
same amount; transfers of stock,
y cents on each 800 Of face value
or fraction thereof.
Sales, agreement Of sale or
agreements to sell any product or
merchandise at any exchange,
board of trade or similar place,
either, for present or future de-
livery, cent for each 500 or
fraction thereof involved.
Promissory notes, except bank
notes for circulation, and for each
renewal, 2 cents per 800 or frac-
ton.
Express and freight bills of
lading, l cent.
Telephone and telegraph mes
sages, 1 cent.
Indemnifying bonds, and all
other similar bonds, SO cents.
Certificates Of profit, ETC., 2
cents.
Certificates of damage or 9th
erwise, and all certificates used by
any port warden, marine surveyor
or other person acting as such, 70
cents.
All certificates required by law,
10 cents.
Contracts, brokers' note or
memorandum of sale, 10 cents.
Deeds. etc., so cents for each
$500 of value.
Entry of any goods in custom
house, or for withdrawal OF such
goods.
Insurance policies Of all kinds.
Passenger Tickets for passage
to a foreign port, costing more
than $40.
Power of attorney or proxy for
voting; power Of attorney to sell
real estate or rent or lease.
Protests of notes, bills Of ex-
change, acceptance, check or
draft.
Every seat sold in palace or
parlor car and every berth IN a
sleeping car.
Perfumery and cosmetics, chew
ing gum.