The sun., 1919-02-07
INSl RANCE.

interest at the rate OF | per centum for
each fun month from the time when the
tax became due.
INSURANCE..
Sec. sos That from and after April
!, 1919. there shall be levied in lieu OF
the taxes imposed by section 5O4 of the
revenue act OF 1917 the following taxes:
(a) Life Insurance: A tax equivalent
to cents on each 800 or fractional
part thereof of the amount for which
any life Is insured under any pol
Icy or insurance, or other instru-
ment. by whatever name the same II
called. provided that on all policies for
life insurance only by which a life is in
sured not in excess of $500 issued on the
industrial or weekly or monthly payment
plan of insurance. the tax shall be 40
per Centum Of the amount of the first
weekly premium. or 20 per centum of tho
amount of the first monthly premium. as
the case may be: Provided further, that
on policies OF group life insurance COW
ering groups Of not less than twenty-five
lives in the employ OF the same person
for the benefit of persons other tar" the
employer the tax shall he equiva! t.
cents on each 500 of the aggregate
amount for which the group policy is
issued and OF any net increase in the
amount of the insurance under such
policy; and Provided further that on all
policies covering life, health and accident
insurance combined in one policy by
which life is insured not in excess Of
$500. issued on the Industrial or weekly
or monthly payment plan of insurance.
the tax shall be 40 per centum of tho
amount of the first weekly premium, ~
70 per ccctG:3 @! the amount Of IN" first
monthly premium. as the case may be
OBJ Marine. inland and fire insurance:
y tax equivalent to one cent on each
dollar or fractional part thereof Of the
premium charged unde? each policy OF
insurance or other instrument BY what
ever name the same iS called whereby
insurance is made or renewed upon prop
erty Of any description Including rents
or prohts). whether against peril by sea
or inland waters, or y lire or lightning,
or other peril
(c) Casualty insurance A tax equiv
a.ent TO one cent on each dollar or frac-
tional part thereof of the premium
(d) Policies issued by any corporation
enumerated in Section 23l, and policies
of reinsurance, shall be exempt from the
taxes imposed by this section.
Sec. 504, That every person issuing
policies OF Insurance upon the issuance
OF which tax is imposed by section
003 shall make monthly returns under
OATH in duplicate, and pay such tax to
he collector Of tho dis,rir, in which ,ha
nrincinaI of,irc or ,lor, ~ h,si,,.'.. ~
such person is located
Tho t,,. sb,lI u,;,ho,,. os.es,,,,,,., Ia,
no Commissioror ~, ro,ico ,,o,, .f,,',,(,t-
lrc.or rc duc ava n,,.,,ro 10 ,ho ooi-
iact,r a. ,,a ,ir,l - a., 60, ant a..
return
TITLE NI-TAy on BEVERAGES.
.oo
w, nat mere Snai We
IL 'eu anu oo''ec'ta On an n's'''eu sP.t'ts
I.o" ~ po'lu or 'ha' nave oee' or 'hat
ma! Nv "etea''er prouu'ed III OF imported
.n,' 'He hlteu states except Suvh dis
t1IIeu spa us as are f'oJecI 10 inc laN
p'oNlueu III section oo'' III Heu o' ire
II 'erhai revenue taxes now imposed
thereon by Jaw tax OF S2.2o Tor II
"l'hdra"n ior beverage purposes or Tor
use IN the manufacture or production
OF any article used or intended FOR use
az beverage tax or Sd 40 on each
PROOF gallon or wine GaHon when ne
10" PROOF. ana proportonate tax al
liN" rat" on all fractional parts OF such
PROOF or VINE gallon 10 be paid by the
dlSllIeF or importer Wh'n wundi avn,