Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-06-20
BUREAU PUBLISHES
STAMP TAX RATES
Regulations Cover Charges
Which Became Effective
April ! by Law.


stamp taxes in accordance with the act
that became effective April !, last. are
now being issued by the bureau Of in
ternal revenue. This act makes neces-
sary the atiiXing of a stamp to bonds
of Indebtedness. indemnity or surety:
drafts. checks and promissory notes.
deeds or instruments for the conveyance
consumption or warehousing, with
drawal entries from customs bonded
warehouses. passage tickets. proxies.
powers of attorney. playing cards.
parCel-post packages and foreign in
surance policies.
Amounts of Taxes.
Bonds. debentures and certificates of
indebtedness. as we'll as all forms of
corporate securities. require Il o-cent
tax for each 500 face value or fraction
thereof. Drafts and checks payable
otherwise than at sight or on demand
for sum not exceeding 500 are sub
ject to tax of , cents, and cents
for each additional 500. Bonds Of
surety and indemnity and policies
guaranteeing real estate titles. except
such as may be required in legal pro
ceedings, are taxed so cents each
On deeds of instruments whereby real
estate sold is conveyed, where the value
Of the property is more than 500 and
less than $500. the tax is so cents. with
so cents additional for each additional
$500 or fraction. Deeds of gifts. quit
claim deeds. deeds without considera-
ton to trustees. etc, are not subject to
the tax. Entry of any goods at any
customhouse. either for consumption
or warehousing. is taxed % cents
where the value is S1oG or less: from
800 to $500 the tax is 80 cents. and
where the value exceeds $500 the tax is
81. Withdrawal of any goods from a
customs bonded warehouse is subject to
a fiat rate of so cents
Passage tickets. one way or round
trip, sold in the United States for pas
United States. Canada or Mexico. if
costing not exceeding $50. 81; costing
more than $40 and not exceeding $50,
So: costing more than $50. S..
Proxy for voting at election of officers
or meeting for transaction of business
OF any corporation except religious. edu-
cational. charitable. fraternal or liter
AIRY societies or public cemeteries, 10
cents.
Powers of attorney. % cents. The tax
does not apply to papers necessary to
be used for the collection Of claims
from the United States or any state, for
pensions, back pay. bounty or for prop
erty lost in the military or naval serv-
ice. or to powers of attorney required
in bankruptcy cases.
Playing cards. cents a pack
Parcel-post packages on which the
postage amounts to 81 cents or more a
tax of cent for each % cents or frac-
ton thereof.
On policies of insurance issued TO a
resident of the United States by any
foreign corporation or by any partner
ship or individual not a resident of the
United States, when such policy is not
signed by an officer or agent of the
insurer in state where the insurer is
authorized to do business. the tax is 3
cents on each dollar or fractional part of
the premium charged.
pared of the denominations of ! cent, >
cents. cents, cents, 5 cents. s cents
10 cents. 25 cents, 40 cents. 80 cents, so
cents. 81, 81. 50, IS, $40, $50, $50, 500,
$500 and $1,000
The penalty for making use Of stamp
without cancelling or obliterating it is
a fine of not more than 500. Wilful
removal or alteration of the cancellation
of stamp with intent to use it again
is punishable by fine of not more than
81, 900 or Imprisonment for not more
than five years. or both. A similar pen
atty is provided for buying, selling or
offering for sale any washed or restored
stamp.