Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-07-19
Special TAXES
DUE COVE RNMENT
BEFORE JULY 81
Millions of Dollars Win Be
Added to the Treasury BY
Collections Which Are To
Be Made This Month.
especial Correspondence to The JOurnal0

month from Speclal taxes que Oh
or before July 81. 1920. The list
includes the tax on brokers, pawn
brokers. museums, theaters and
concert halls. circuses. bowling
alleys, shooting galleries. riding
academies, tobacco, buses, etc.
Forms for filing returns are
available at offices of collectors
of internal revenue and branch Of
fees. Heavy penalties ranging from
a fine not to exceed $1,000 for fail
IRE, and not to exceed $4,000 or
one years Imprisonment, or both
for willlful refusal to make return
and pay the tax on time are pre-
scrihed by the current revenue act.
Returns of the capital stock tax
also must be filed on or before
July 81.
To facilitate prompt collection
and as an aid to the taxpayer as
well as the government the bu-
reau has suggested that filing of
the return be accompanied by pay
ment of the amount of tax due.
This method is appealing TO cor
porations, as it lessons liability to
penalty.
The capital stock tax applies TO
every corporation carrying on or
doing business in the United Stdtcs.
The tax on domestic corporations
is 81 for each $1,000 of SO much of
the fair average value of its capital
stock for the preceding Year
ended June 80 as is in excess of
$1,000. Foreign corporations are re-
quired to pay tax of 81 for each
$1,000 of the average amount of
its capital employed in the trans
action of its business in the United
States during the preceding year
ended June 80. without the bene-
lit of the $1,000 deduction.
The tax on brokers whose bust
ness ii is TO negotiate purchases or
ales of stock bond, exchange, bull
ion, coined money. promissory
l.otes or other securities, and pro-
duce or merchandise is $50 year.
# the broker is member of a
stock exchange, produce exchange,
board of trade or similar organiza-
ION which sells produce or mer-
phandise and the average value on
June 30 of a seat or membership
IN such organization was $1,000
md not more than $1,000 he is re-
CURED to pay an additional tax OF
800. If such value was more
han $1,000 he is required to pay
N additional tax of $50. Pawn
brokers' are subject to a special
TAX of 500 year.
The tax on ship brokers whose
business is to negotiate freights
md other business for the owner
ut vessels or for cOnsisnors or con-
slgnees of freight carried +. YES
sells is $50 year.
Custom house brokers whose
business, as the agent of others. Is
10 arrange entries and other Gus
tom house papers or to transact
BUSINESS at any port of entry re-
lating to the importation or eXpor-
tation of goods and merchandise,
lay a special tax of $50 year.
Theaters, museums and concert
nails are taxed according to their
seating capacity, and the popula-
lion of the city or town in which
hey are located. Those having "a
seating capacity of not more than
$50 are taxed $50; seating capaC-
ity of more than $50 and not eX-
ceeding SOC. 500; exceeding 500
and not exceeding 500. $50; in ex-
cess of 500. SOC. The tax in cities
ar towns or less than 5000 inhab-
ltants is one-half of these
mounts. This tax is paid by the
proprietor, The special tax on cir
Cuses is 500.
The tax on bowling alleys and
billiard rooms is $40 for each alley
or table. Shooting galleries are sub
Ject to a tax of $40. The tax on
riding academies is 500.
Persons carrying on the business
of renting or operating passenger
automobiles for hire are required
to pay a tax Of $40 for each such
automobile having a seating capaC-
jty of more than two and not more
than seven and $40 for each such
automobile having a seating capac-
ity of more than seven.
The special tax on tobacco sales
by the manufactures are as fol-
lows: Not over $4,000 pounds, Sc
in excess of 900 pounds and not
over 100000 pounds, S12; in eX-
cess of 100000 pounds and not over
100000 pounds, SEA in excess of
100000 pounds, $24, and at the rate
of 16 cents per thousand pounds or
fraction thereof in respect to such
excess.
Manufacturers of cigars are sub
ject also to a special tax with re-
spect to sales as follows: Not to
exceed $4,000, 81; in excess Of So
2 900 and not to exceed loo 900, Sc;
in excess of 100000 and not to ex-
coed 100000, s12; in excess Of
100000 and not to exceed 400, 600,
I S24: in excess of 100000, SEA and
mt the rate Of 10 cents thousand
or fraction thereof in respect to
such excess.
Manufacturers of cigarettes, in
Guiding small cigars weighing not
more than three pounds per thou
/ sand are taxed at the rate of 6
cents for every 10000 cigarettes or
\ fraction thereof.
i The tobacco taxes are computed
on the basis of sales for the year
ended June 30.
The tax on pleasure boats,
yachts, power boats and sailing YES
sells is rated according TO the
length and tonnage.
WHOLESALE Hquof uedleis WIN
have qualified as such under the
national prohibition act engaged in
the sale of distilled spirits and
wine for beverage purposes
are subject to special tax OF 800
a year.
Retail liquor dealers confined
strictly to dispensing pharmacist
who can sell distilled spirits and
wines on prescriptions authorized
under the national prohibition act
are subject to special tax of $50.
Manufacturers and wholesale and
L retail dealers in oleomargerine,
4 ldulterated butter, filled cheese,
slnd persons engaged in the manu-
& actnre of mixed flour also are sub
Feet 10 special taxes.
10
AMERICAN ASSOCIATION.
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