Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-07-01
FEDERAL TAXES
ON OCCUPATIONS
ARE DUE JULY |

Forms for filing returns of spe-
cial taxes upon business and occu-
pations are now available at offices
OF collectors of internal revenue
and branch offices. These taxes
are due July 1, and are held by the
bureau of internal revenue to be
delinquent unless paid on or before
July 81. The list includes the tax
on brokers pawnbrokers. museums.
theaters and concert halls, cir
cuses, bowling alleys, shooting gal
leries, riding academies and auto
mobiles operated for hire.
When the tax is paid stamp is
issued by the collector of internal
revenue, which the person engaged
in the business or occupation sub
ject to the tax is required to post
conspicuously in his place of bust
ness. Failure in this respect rem
ders the offender liable to a PEN
atty equal to the special tax, and
the cost of prosecution. In no case
Is the penalty less than $40.
Brokers' Tax $50.
The tax on brokers, whose bust
ness it is to negotiate for others
purchases or sales of stocks. bonds,
exchange, bullion, coined money,
promissory notes or other securi-
ties, and produce or merchandise,
is $50 a year. If the broker is a
member of stock exchange, pro-
duce exchange, board of trade or
similar organization which sells
produce or merchandise and the
average value during the preceding
year ended June 80 of a seat or
membership in such organization
was $4,000 and not more than
$4,000 he is required to pay an adj
ditional tax of 500. If such value
was more than $4,000 he is re-
quired to pay an additional $3.50.
Pawnbrokers are subject to spe-
cial tax of $500 year.
The tax on ship brokers, whose
business it is to negotiate freights
and other business for the owners
of vessels or for consignors or con-
signees of freight carried by YES
sells, is $50 year.
Custom house brokers, whose
business, as the agent of others. is
to arrange entries and other GUS
tom house papers or 10 transact
business at any port of entry re-
lating to the importation or ex-
portation of goods and merchan-
disc, pay q special tax of $50 a
year.
Theaters $50.
Theaters, museums and concert
halls are taxed according to their
seating capacity. and the popula-
ton of the city or town in which
they are located. Those having q
seating capacity of not more than
$50 are taxed $50; seating capacity
of more than $50 and not exceeding
500, 500; exceeding 500 and not
exceeding 500. $3.50; in excess OF
500, 5000. The tax in cities or
towns of 5000 inhabitants or less
is one-half of these amounts. This
tax is paid by the proprietor. The
special tax on circuses is 500.
The tax on bowling alleys and
billiard rooms is $40 for each alley
or table. Shooting galleries are
subject to a tax of $40. The tax
on riding academies is 500.
Taxi Lines IaXeu.
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-
ity of more than two and not more
than seven, and $40 for each such
automobile having a seating capac-
t1,op ca{yoI1
Special taxes on manufacturers
of tobacco products are due also
in July, and on manufacturers and
wholesale and retail dealers In
oleomargarine, adulterated and
renovated butter, filled cheese. and
persons engaged in the manufac-
ture of mixed flour.
Returns of the capital stock tax
also are required on or before July
81. The capital stock ax\applies
to every corporation carrying on
or doing business in the United
States. The tax on domestic cor
porations is 81 for each $1,000 OF
so much of the fair average value
of its capital stock for the proceed
ing year ended June 80 as is In ex-
cess of $4,000. Foreign corpora
lions are required to pay a tax OF
81 for each $1,000 Of the average
amount Of its capital stock en-
ployed in the transaction of Its
business in the United States dur
ing the preceding year ended June
go, without the benefit of the s5,-
900 deduction.
Penalties ranging from a fine
not to exceed $1,000 for failure,
and not to exceed $4,000. or one
years Imprisonment, or both, for
wilful refusal to make return and
pay the taxes are prescribed by the