The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1916-09-20
WAR TAX STAMPS HAVE
! 81 BEEN ABOLISHED
Tax Withdrawn on Most Articles.
New Law Went Into Effect
Last Saturday.


Last Saturday.
Beginning Saturday the stamp
taxes, which have been making holes
in a large number Of pocketbooks,
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 revenue BILL
which became effective Saturday;
and while the scope of the stamp
tax was very wide and covered al
most everything in the way Of lux
cries, and many necessities the new
law makes important changes. The
tax is not removed from liquor, but
has been modified considerably, it is
understood; but hte tax has ben eli
understood; and it is believed that
tobacco still has to produce addi-
tional revenue for the government;
but the tax has been eliminated
from almost everything which eff.
fects everyday life of the average
citizen.
An important fact in connection
with, the new stamp tax provisions
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.
It. is uncertain, so far as know
ledge here is concerned, what com.
modities are still taxed, but word
was received which makes certain
schedules A and B of the old law
have been eliminated. These con.
tain provisions covering the most
important items to the average citi-
zen.
The old stamp tax law was passed
by Congress in October, 1914, and
became law December I, that year
1t was provided that it would hold
for one year with the option of re.
enactment. In view of the fact
thatt !, restricted conditions had not
been alleviated the end of a 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 certificates
of indebtedness issued by any as
sociation, 5 cents on each $1O0 OF
face value or fraction thereof.
Certificates of stock on organiza
tion or reorganization, to the same
amount; transfers of stock, 2 cents
on each $100 of face value or frac
tion thereof.
Sales, agreement Of sale or agree
ments to sell any product or mer
chandise at any exchange, board o1
trade or similar place, either fo1
present or future delivery, l cent
for each $l00 or fraction thereof
involved.
Promissory notes, except banl
notes for circulation, and for eacl
renewal, 2 cents per 500 or Fraction
| Express and freight bills of lad
ing, l cent.
Indemnifying bonds, and all othe1
similar bonds, so cents.
Certificates of profit, ETC., 2 cents
Certificates of damage or other
wise, and all certificates used by an,
port warden, marine surveyor o.
other person acting as such, 25 cent
All certificates required by law
10 cents.
Contracts, brokers' note or memo
andum of sale, 10 cents.
Deeds, etc., SO cents for eacl
$500 of value.
Entry of any goods in custom
house or for withdrawal of suc1
goods.
Insurance Of all kinds.
Passengers tickets for passage t.
a foreign port costing more thar
$40.
Power of attorney or proxy fo
voting; power of attorney to sci
real estate or rent or lease
Protests of notes, bills of ex
change, acceptance, check or draft.
! Every seat sold in palace or par
lor car and every birth in sleeping
car.
Perfumery and cosmetics, chewin
gum.
Oscar Olson made an auto trip