The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1919-05-13
TAX EXEMPT ON
LIBERTY BONDS,
VICTORY NOTES

September ~, 1917, April Z, 1918,
July 8, 1918. September "a. 1918.
and March 8. 1919. are entitled, re-
spectively to the exemptions from
taxation set forth In said acts. from
which the statements on this page are
summarized and to which they are
subject.
Four per cent and AZ per cent
bonds are exempt from all federal.
state and local taxation except (a)
estate or inheritance taxes, and (b)
federal income surfaces and profits
taxes, as follows:
/ First Liberty Loan converted 4
per cent bonds of 1s32-1947 first
4s.) First Liberty Loan converted
u per cent onds OF 1s32-1s47
(first Ans. issue OF May 8, 1918.
First Liberty Loan Second converted
Y per cent bonds OF 1923-1947
| First 4Hs, issue or October "a,
1879 Second Liberty Loan 4 per
cent bonds of 1927-1s42 (second 4s)
Second Liberty Loan converted AN
Iper cent bonds of 1927-1942 (second
I4As. Third Liberty Loan Az per
cent bonds of 1928 (third 4As.)
Fourth Liberty Loan AN per cent
bonds of 1933-193S Fourth 4 As)
Victory Liberty Loan Az per cent
convertible gold notes OF 1922-1923
| (4% per cent Victory notes. are ex-
empt both as to principal and inter
est from all taxation now OR hereaf-
ter imposed py the United States, any
state or any of the possessions of the
United States, or by any local taxing
Authority, except (a) estate or inner
itance taxes. and (b) graduated adj
ditional income taxes, commonly
known as surtaxes. and excess profits
and war profits taxes, now or here
after imposed by the United States.
upon the income or profits Of indivi-
duals. partnerships, associations or
corporations.
Four per cent and AZ per cent
bonds are entitled to limited exemp-
tons from federal income surtaxes
and profits taxes. as follows:
Four per cent and AZ per cent Ii
berty bonds (but not AZ per cent
Victory notes. are entitled to certain
limited exemptions from graduated
additional income taxes, commonly
known as surtaxes and excess profits
and war profits taxes now or hereaf.
ter imposed by the United States, up
on the income or profits of indivi.
duals, partnerships, associations OF
corporations in respect to the inter
est on principal amounts thereof, as
follows.
Five thousand dollars in the aggre
gate of first As, tissue of May . and
October "a, 1879 Second As and
AXIS, third Az, fourth ANS, treas
ury and war savings certificates
10000 of first Ala, issue of October
"a, 1918 only.) until the expiration
of two years after the termination o.
the war. 10000 of fourth las, un
I'll the expiration of two years aftel
the termination of the war, $4,000
in he aggregate of first As, first "a
tissues of May 8 and October "a
1919, second As and 4 u s, third 4 a
and fourth ANS. as to the interes
received on on and after January
1919, until the expiration of fiy
years after the termination of tn
war.
Forty-fiye thousand in the aggre
gate of first As, first las tissue o
May Q, 1918 only, second As a
4 las and third 4 las as to tn
interest received after January
1918, until the expiration of tw
years after the termination Of tn
war; this exemption conditional o
original subscritpoin to, and contir
ued holding at the date of the ia