The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-06-28
SPECIAL REVENUE
TAXES DUE, WILL
BRING IN $4,000
Collector Has Already
Received Large Share
of Payments

The Internal revenue office IL busy
receiving the special taxes mace "oon
business and occupation. known ~
d excise M luxury axe a.. q.
Hernandez, collector Of the Internal
Irvenue officc. expects that tho office
will receive al least t27d.0o0 IN such
taxes before July T. He snys that
t~2b0.00o has already been collected.
Theae lakes are "a July l. me arc
held bv the Bureau OF Internal REEVE
nue. tu be delinquent unless paid on
or before July 81 The LIT Includes
the tax on brokers pnwnhrokers.
museums thoaters, and concert halls.
circuFes. bowling alleys shooting gal
lcries tidinE academies and automo-
hilfs Operated Tor hire.
when tho taS b. paid % stamp n Ia
sued by D. collector Of Internal re-
venue. which the person engaged In
the business or occupation subject to
the tax II required 10 post c%onspiciu-
uualN IN his place OF business. Fail
ure in this respect renders the offend
er liable 10 q penalty equal to the
special tax. and the cost ~ prosecu-
ton. In no case h the penalty less
thnn $40.
The tax on brokers whose business
u l. 20 negotiate for others purchases
o. sales OF stocks, bonds. exchange.
bullion, coined money. promissory
notes or other securities. and produce
or merchandise. b. $50 a year. 10 the
brOker b. "a member Of q stock cx-
change. hoard ~ trade or similar or
Eanization which sells produce or
merchandise and tho average value
during tho preceding year ended June
30 Of a eat or membership In such
organization was " 900 and net more
than 5000 he H. required 10 pay an
additional tax ~ 800. ~ such value
was more than 81. 200 he h required
20 pay an additional tax OF $50.
Pawuhrokors are subject to a special
tnXu f 500 a year.
Ihrnt"rHi iUusDuma and concert
halls are taxed according to their sent
ina capacity aud the populnt on OF
the city or town iu which they are To-
Gated Ihos having "a seating capuc-
90 more than Two hundred and my
and MOI exceeding five hundred. 500:
exceeding i've hundred and not sx.
'crdiug eight hundred, $3.50: In excess
Of 'ieh' hundred. 5000. The tax In
cities ur Towns 81 5000 inhabitants
or less Is M half of these amounts.
This tax is paid by the proprietor.
The special tax on circuses l. t1OO.
Tit tax on bowling ALLEYS aud bill
Hard rooms Is $40 Tor cach alicy az
table. shooting galleries are subject
20 a tax Of $50 The tax on riding
academies Il 500.
Persons carrying on IN business
of renting or operating passenger au-
t0mohilvs Tor hire are required to
pay u taN OF SO FOR each such auto
mobile having e seating capacity OF
more than two and not more than
seven % $50 Tor each such One
bile having a scaling capacity Of
more than seven.
Special taxes ON manufacturers of
tobacco products are due aiso In July.
uud uu manufacturer and wholssalt
and retail dealers In oicumargarine.
udulttrttrd and renovated butter. M
I'd Duresr and persons engaged In tho
manufacture uf mixed flour.
Returns of the capital stock tax also
are required ON ur brfoTe july 80 The
capital stock tax applies Co every cor
poratiou carrying on or doing busi-
mes iu the United States. Thc AK
on dome.ic corporations h. 81 for
each N 600 of 80 much Of the fair
average value OF las capital stock for
the preceding year ended juno 80 NJ
IN In pN,rss OF 5000. Foreign COR
porHtions are required to pay u tax
of 81 Tor each 81 Ou8 OF the average
amount of Us capital stock employ
cd lu the transaction Of IL business
IN tho United States during the pre-
Cediug year ended June 3n. without
the btusfit OF the $4,000 deduction.
Penalties ranging from re- fine not
TO exceed 81 n0O for failure and not
60 exceed Si0 600 or one years Inn
urisnumeut or 10th. Tor wilful re-
fusal 20 make totur and pay the
taxes are prescribed by IN" revenue