The Barre daily times. (Barre, Vt.) 1897-1959, 1917-12-01
DOCUMENTARY STAMP
TAXES NOW IN EFFECT
All Are on Sale at Postoffices Except
Those for Stock Transfer and Prod
uce Sales Which Are Distrib-
uted Through Avenue
Collectors.

Washington, Dec. l.-Documentar,
stamp taxes of the war tax bill go int
effect to-day. Revenue stamps must b
affixed to bonds of indemnity or in
debtedness capital stock issues, stool
transfers, produce sales ON exchange
drafts, promissory notes, conveyance ant
deeds, customs house entries, steamship
tickets, proxies. assignments of power
| of attorney, playing cards and parce
| post packages. None are required OF
checks.
All stamps are sold by postoffices ex
cept for stock transfers and produce sales
which are distributed through revenue
, collectors. Millions of dollars in re.
ceipts are expected to reach the treas.
ury from this source.
The taxes are similar to those imposed
during the Spanish war and by emergen-
cy act of l9l4.
On capital stock transfers, from which
the government expects TO derive a large
revenue, and which will fall heavily on
stock exchanges, the tax is two cents for
each 800 or fraction of the face value.
books, not to the certificate of sale or
exchange.
For produce sales on exchanges the tax
is two cents for 500 of value of the
merchandise covered by the agreement
and stamps are to be affixed to the mem
orandum or bill of sale. The law COW
ers transferred or scratch sales and sales
for future delivery
Bonds of Indebtedness are taxed five
cents for each 800 Of face value or frae-
tion and renewals are taxed as new is
sues.
Indemnity and surety are subject to
tax of so cents, or one per cent of the
premium charged for the execution Of
the bond. Bonds or policies of reinsur-
ance are exempt.
A tax of five cents is levied on each
original issue of certificates of stock, Ell
Their on organization or reorganization, of
face value of 800 or fraction. To meet
the practice in some states of issuing
stock without face value, it is specified
that the tax shall be laid on the actual
value II there is no face value.
For drafts or checks payable other
than at sight or on demand, and for
promissory notes and their renewal, the
ak is two cents for each 800 or fraction. |
This levy will lay burden particularly |
1n the banking business. Ordinary
bank checks are not taxable.
Realty conveyance and deeds are taxed |
10 cents where the value of the interest |
is between 500 and $500, and I
70 cents for each additional $500 or frac-
ion. Deduction may be made of only
len or encumbrsnce remaining on the
property at the time of sale
Before any parcel post packages may
'e accepted by postoffice it must bear,
n addition to the regular postage, reve-
ue stamps amounting to one cent for
ach % cents postage or fraction.
The entry of goods at customs house
or consumption or warehousing is taxa
lie q cents when the value il not more
han 500, so cents when the value is be.
ween 800 and $500, and 81 when the
alue exceeds $500.
Passage tickets to trans Atlantic.
outh American, or other ports not in the
'nited States, Canada or Mexico are
ixed according to sliding scale running
rom 81 on tickets costing between $40
nd $50, to So for tickets costing more
nan $50.
Proxies for voting at any meeting, es-
spt Of religious, charitable, fraternal.
or literary organizations,
ust bear ten cents revenue stamps. For
power of attorney the tax is rs cents.
addition to the old tax of two cents
I playing cards, new levy of five
'ats a pack is imposed.