Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-05-01
or REVENUE
On |! ILuxUR|Es STARTS
Today Marks beginning OF Tax or
Ton Per Cent on Ger
tain Articles.
EXPLAINED FOR MERCHANTS
Returns of Money Collected Must BE
Made N1onthly-Whcn Articles Arc
Returned to Vendor Tax to BE
Refunded.

qollection of the new revenue taxes
starts today.
here, and seems to charge an extra
nickel there, people will remember that
war costs are being paid.
Fit a statement issued by the comm is
sioner of internal revenue explains
hoy TIC merchants ie chants shall collect the
1t is explained therein:
section a04 of the revenue act Of
isis imposes tax upon certain ar
specified price. The tax is to be paid
by the consumer 10 the vendor and
cannot be absorbed by the vendor, in
been referred to as the luxury tax. II
is effective May |, 1919. at the rate OF
10 per cent of the amount paid in en-
cess Of the price specifically mentioned
in the act; when the article is sold by
the vendor.
der returns covering the tax collected
during a given month. and although
their records hall be kept in such
manner as TO indicate the tax received
on each sale. the form Of monthly re-
turn required of them shall show sim
ply the aggregate amount Of tax col
section of the law. that is the total
amount of tax collected on sales of
and women's and misses, hats. bonnets;
-seodS. es oIy under another head. and ND
SUBDIVISION OF the section
Must Make Monthly Return.
This monthly return must be sworn
os lice xsnqo a he sd Tish
the vendor has his principal place of
business Eeturn must be iied on one or
lowing the one in viii ch the sales were
made. In ether words. the return COW
ering sales made in May must be filed
with the collector and the tax paid on
or before the last day OF June. The
tax under this section is measured by
nn h. nHt
on the list price where that differs
from the sales price.
The tax cannot be included in tho
price but must be billed as separate
item.
III articles are purchased which arc
separately taxed and are subsequently
returned to the vendor, the sale be-
ing rescinded no tax is payable. If
the tax has been paid it should be
may take credit therefor against the
tax in the subsequent monthly return.
If a taxable article is sold by the ar
ticle and later exchanged for another
article at higher price. the purchaser
paying the difference. the purchaser
must pay the tax on the second sale
or refund to the purchaser of the tax
paid on each Of the articles returned
and take a credit therefor and include
it in his subsequent monthly return.
Repairs Not Taxable.
Tho tax attaches when the. article
is sold-that is to say. when the title
purchaser. Ordinary repairs or altera-
tons are not taxable.
THE unit of measurement in deter
mining the price for the purpose of
the tax on carpets and rugs is the
square yard. All lineal yardaGe. there
fore. must be converted into square
measure and fringe will not be con-
sidered in computing the yardaee.
Omcers May Examine Books.
The method of keeping accounts by
merchants shall disclose tho total
number and amount of sales OF each
of the taxable articles including any
credits or refunds. and the books of
every person liable 10 tax shall be
open at all time for tho inspection of
examining revenue officers
I'm computing the tax. fractional
part OF a cent shall be disregarded.
unless il amounts TO one-half OF a
cent or more in which case it shall be
increased to fun cent"