Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-11-30
WAR STAMP TAX
/ BEGINS TOMORROW
Provisions of Revenue Act A.
/, fecting All Lines Of Bust
I ness Become Operative.

Stamp tax provisions of the war rev.
enue act go into effect tomorrow. The
chief provisions are as follows:
Bonds, de5entures or certificates of
Indebtedness issued by any person, cor
poration, partnership or association.
on each 500 of face value or fraction
thereof, 5 cents. Every renewal shall
be taxed as new issue. When a bond
conditioned for the repayment Of
money is given in a penal sum greater
than the debt secured, the tax shall be
based upon the amount secured.
Bonds for indemnifying any person.
partnership or corporation which shall
have become bound or engaged as
surety. and all bonds for the due
tract or requirement, so cents. Where
a premium is charged for the execu-
ton of such bond, the tax shall be at
the rate of l per cent on each dollar
or fraction thereof of the premium
charged. Policies of reinsurance shall
be exempted from the tax.
Tax on Stock Certificates.
On each original issue. whether on
organization or reorganization of GER
tificates of stock by any association.
company or corporation, on each 500
or fraction thereof. cents. Where
capital stock is issued without face
value. the tax shall be cents per
share, unless the actual value is in ex-
cess of 800 per share. in which case
the tax shall be 5 cents on each 800
of actual value or fraction thereof.
The stamps representing the tax
shall be attached to the stock books
and not to the certificates issued.
On all sales or agreements to sell or
transfers of legal title to shares or
certificates of stock, on each 800 of
face value or fraction thereof. = cents,
and where shares of stock are without
par value. the tax shall be ? cents on
the transfer or sale or agreement to
sell on each share, unless the actual
value thereof is in excess of 500 per
share. in which case the tax shall be
cents on each 800 of actual value or
fraction thereof.
Drafts or checks payable otherwise
than at sight or on demand. promis-
sorry notes. except bank notes issued
for circulation. and for each renewal
of the same, for a sum not exceeding
500 or fractional part thereof. . cents.
Deeds to Garry Tax.
Deeds transferring lands. tenements
or other realty when the consideration
exceeds 500 and does not exceed $500,
or fractional part thereof, 30 cents.
Nothing contained in this provision
shall be so construed as to impose
tax upon any instrument given to
secure debt
Entry of any goods, wares or mer-
chandise at any customhouse. not ex-
ceeding 800 in value, % cents; exceed
ing 800 and not exceeding $500 in
value. so cents; exceeding $500 in
value. 81.
Entry for the withdrawal of any
goods or merchandise from customs
bonded warehouse, 30 cents.
Passage ticket, one way or round
trip, for each passenger, sold or issued
in the United States for passage to a
port or place not in the United States.
Canada or Mexico. if costing not ex-
ceeding $50. 81: costing more than $50
and not exceeding $50. SO; costing more
than $50, So. Passage tickets costing
$40 or less shall be exempt from taxa.
ton.
Proxies Not to GO Free.
Proxy for voting at any election for
officers or meeting for the transaction
of business of any Incorporated COM
pany or association. except religious,
educational, charitable, fraternal or
literary societies or public cemeteries,
10 cents.
Power of attorney granting author
ity to do or perform some act for or in
behalf of the grantor, which authority
is not otherwise vested in the grantee,
25 cents. No stamps shall be required
upon any papers necessary to be used
for the collection of claims from the
United States or from any state for
pensions. back pay, bounty or for prop
erty lost in the military or naval .serv-
ice or upon powers of attorney re-
Quired in bankruptcy cases.
Upon every pack of playing cards
containing not more than ffty-four
cards. manufactured or imported, a
tax of cents per pack in addition to