Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1919-03-14

Few changes were made in the rev.
enue law so far as stamp taxes are
concerned. Following are the items
of special interest to tradesmen and
manufacturers. Where changes have
been made from the old law they take
effect April /, 1919.
Bonds, debentures or certificates of
Indebtedness, issued by any person,
and all corporate securities issued
with interest coupons or in registered
form 5 cents on each 500 or fraction
thereof
Capital stock, original issue; cents
on each 500 or fraction, stamps to
to certificate.
Checks: Ordinary bank checks pay
able on presentation are not subject
to tax, but post-dated checks, that is,
checks payable at date subsequent
to the date on which they were exc
cuted, must bear a 2-cent stamp for
each 500 or fraction. Stamps must
be attached at time of delivery.
Conveyances of real estate (not to
secure debit, 80 cents on amounts eX-
ceeding 800 and not exceeding $500,
and so cents for each additional $500
or fraction.
Drafts Drafts not payable at
sight or on demand, 2 cents for each
500 or fraction, to be attached at
time of delivery or acceptance, which.
| iS ncinr rhiS annliac IN troI do
acceptances.
| Notes. Promissory notes and each
renewal of same 2 cents for each $1OC
or fraction.
Parcel post packages: One cent fol
each 25 cents or fraction charged foi
transportation where charge is q
cents or more; to be paid by con
/ signor.
Power of attorney, except for use ii
government pensions or claims, or II
bankruptcy cases, % cents.
Proxies for voting at elections Of
business meetings of business corpora
tons, 10 cents.
The penalty for failure to compl.
with the law is a maximum fine o
800 for each offense.
Among the special mot stamp
taxes provided for is capital stoc
tax to be paid by all corporations
For each $1,000 of capital and surplu
in excess of $4,000 the tax is 81 pc
annum. The calculation is made o
capital and surplus June 80.
naa xuhn handle fro arypc on
ammunition and sporting goods wi
have to pay a tax of 10 per- cent O
sales of those commodities.
There have been reports that dea
ers would not have to pay floor ia
on all of the tobacco and cigars O
hand 1t is now stated this is mis-
take and there will be no exception.
Every merchant handling tobacco
cigars, cigarettes or other Tobacco
products must, within 30 days, max
; a return to the internal revenue CO
lector, giving exact figures as to tn
amount of these cigars and Tobacco
products on hand on Tuesday, Feb. 2!
The blanks for both inventory an
return have been sent to all dealer
and must be forwarded to the revenu
collector. The duplicate inventor
blank should be kept by the dealer t
be checked up by representatives {
the internal revenue office late
Those who have not received tn
! blanks should apply at once to the il
ternal revenue collector and ask fo
, them.
The blanks are self-explanatory an
: can easily be filled out by dealers. Ii
structions in connection Herewith ar
printed on the blanks.
Floor taxes on large number {
other articles will also become G
! fective at a later date. Complete il
{ formation in this connection is nc
: yet available but will be published a
, soon as they are received.
! At present the dealers need concer
, themselves only with the floor tax o
cigars, tobacco, etc.
-Four Grand nuLoe