The Leon reporter. (Leon, Iowa) 1887-1930, 1917-12-06
REVENUE STAMP Law
Revenue Collector Louis J. Murphy
Outlines Commodities Which
Must Bear War Stamps,

Articles requiring revenue stamps.
after December 1, have been outlined
by Louis Murphy, Z. S. collector, in
a communication,to County Recorder
The proposed tax affects many ar
ticles OF legal nature and also those
used in matter of trade. The ad-
vices received by the county record
er are as follows:
To Whom 1t May Concern:
Please read attentively before ask
ing questions.
On and after December /, 1917,
the following instruments will re-
quire revenue stamps; bonds Of in
kdebtedness, on each 800 OF face val
ue or fraction thereof, cents; (thls
includes debentures and certificates
OF Indebtedness; renewals shall be
taxed as new issues.)
Indemnity and surety bonds not
issued by corporate surety COM
pany and upon which no premium lis
charged, so cents; if issued by cor
porate surety company and pre-
MUM charged, the tax is one cent
on each dollar or fraction charged.
Capital stock issued on each SlOO
or portion thereof, . cents. On
shares without face value the tax is
5 cents per share unless the actual
value exceeds 500 when the tax is
5 cents on each $10U or fraction
thereof. Stamps on capital stock
issues should be affixed to the stubs
in the books and not to the certlfl-
Gates. On sales or transfers OF cap
ital stock shares of 500 or over, z
cents on each $500, or fraction there
of, the stamp to be affixed to the GER
titicate when the transfer is made by
certificate.
= Sales Of production on an exchange
or board OF trade, for each 800 or
fraction in value of merchandise
sold, z cents. -.
Drafts or checks not payable on
demand or at sight, and promlssory
notes or renewals, 2 cents for each
500 or fraction thereof.
house. not exceeding $100, % cents;
exceeding 500 and not exceeding
$500, so cents; exceeding $500, one
dollar. Entry for the withdrawal OF
goods from customs bonded ware
house, so cents
Passage ticket to a place not in
the United States, Candada, or Mex
leo if costing not to exceed S5O, one
dollar; costing $50 and not exceed
inc $50; three dollars; costing more
than $50, five dollars. On tickets
of $40 or less, no tax.
Proxy for voting at an election OF
officers. or meeting for the transac-
ton of business of any corporation,
excepting religious, educatlonai'
charitable, fraternal. literary socl-
cites or public cemeteries, 10 cents.
proxy, 25 cents.
ages on which the hostage IS, e
cents or more. / cent for each 20
cents or fraction.
Conveyance: Deeds or other. In
strument transferring realty OF a
value in excess OF Yl0o, 81 cents ; Ior
each 500 or fraction thereOf--llens
or membranes thereon at time OF
sale to be deducted.
No tax on playing cards, except
those in manufacturers hands Ger
tificates OF deposit should not De
stamped. Checks and drafts should
not be stamped unless they are
drawn on time.
The foregoing covers all the stamp
The law provided that postoftlces
shall sell these war revenue stamps.
This offices is advised tha.+ the larg-
er postoffices, one in each county,
and which now distribute other
stamps, will be made distributing
centers to the smaller posto11lces.
You will be able, therefore. to Duy
stamps from your home postoHite,
NO discount Will bC w ~. -
purchase of stamps in amounts OF
500 ana upwards lgns as ;sshed hsTetofore Sndel
sue), sue al now @ on on hand may be used in
payment Of taxes taxes imposed ( by rnere the
will be no special or dlstlnctlVe
stamp for the payment OF the tax
on parcel post packages. ,o,,
;cif
stamps are enclosed herewith use
these when ordering. Accompany
order with draft or money orderT
NJ stamps above the value of 81 will
be be available for some weeks. Your
order sent to this office should ~ d.fe pc
guard you against loss. 1t Will De
filled as quickly as possible. Please Sc
remember your order will pc one esoS o,
thousands. You may order IRON
stamp duputies as we'll as from 2! post 81.
Offices or this office, but postofflces
will fill no mail orders.
Louis Murphy.
U. S. Collector, Dubuque, la.