The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-07-10
SPECIAL TAXES
UNDER REVENUE
ACT DUE NOW
To Avoid Penalty, Return and
Payment Must Be Made Be
fore Aug. /.
COLLECTOR EXPLAINS
PROVISIONS OF ACT
Forms Now ObtainabIe at Main
Office and Four Branch Of
fees.

4
] Forms for making returns Of special
taxes. due under the revenue act OF 1921
during the month OF July. now are avail
able at the office OF collector of internal
revenue. Jacksonville. and the following
branch offices. Tampa, Miami. Pensacola
and Key West. Florida
To avoid penalty, return and payment
Of the tax must be made on or before
July 81. 1922.
| Capital Stock Tax.
! Return of the capital stock tax of do
nestle corporations must be made on
Form TOT; foreign corporations-7oS
i Form IL is used for making return of
| the miscellaneous occupational and the
tobacco manufacturers special tax. Reg
| ulations GA, governing the collection of the
capital stock tax, Regulations So govern
ing the collection of the miscellaneous
occupationaI taxes and Regulations 8,
governing the collection of the tobacco
manufacturers special tax also may be
| obtained upon request of the office of the
collector of internal revenue and branch
Offices.
The revenue act provides that every
domestic corporation shall pay annually a
special excise tax with respect to carry
ing on or doing business equivalent to
81 or each $1,000 of so much OF the fair
average value Of its capital stock for
the preceding year ending June 80, as
Is in excess Of IS.
In estimating the value of the capital
stock. the surplus and undivided profits
shall be included.
Foreign Corporations.
Every foreign corporation shall pay
annually special excise tax with respect
to carrying on or doing business in the
United States, equivalent to 81 for each
81, 900 of the average amount of capital
employed in the transaction of it's bust
ness in the United States. DUNG the pre-
ceding year ending June 80.
"DoIng Business"
The basis of the tax in the case of a
domestic corporation is carrying on or
doing business" IN the capacity of cor
poration or association. Quoting from the
capital stock tax regulation No. 81. 1.-THE
words carrying on or doing business
must be given every ordinary and natur-
al Specification. Business IS a very
comprehensive term and embraces what
ever occupies the time, attention or labor
of men for the purposes of livelihood or
profit. In other words business neces-
sarily involves the idea of gain" Every
domestic corporation must make return
on form TOT, even though the law may
indicate that 1t is exempt from the tax.
The question Of exemption is one for de-
termination by the commissioner of IN
ternal revenue.
Miscellaneous Taxes.
Following are the miscellaneous taxes:
brokers, $50; pawnbrokers. 800; ship
brokers, $50; customhouse brokers, $50.
Proprietors of theaters, museums and
concert halls where a charge for admis-
sion is made, having seating capacity
of not more than $50, shall pay tax
of $50; having seating capacity of more
than $50 and not exceeding 800, 800;
having a seating capacity exceeding 500
and not exceeding 800, $3.50; having a
seating capacity of moro than 800, $500.
Circus Taxes.
Circus proprietors are required to pay
tax of 800; proprietors Of bowling al
leys aud billiard rooms are required to
pay SO for each alley or table; proprie-
tors of shooting galleries, $40; proprie-
tors of riding academies 800.
Automobiles.
Persons carrying on the business of OPP
Grating or renting passenger automobiles
for hire are required to pay $40 for each
such automobile having seating capacity
of more than two and not more than sew
en-, and $40 for each such automobile hav-
ing seating capacity of more than seven.
Yachts and Boats.
Section 1908 Of the revenue act OF 1921
imposes a tax upon the use of yachts,
pleasure boats, power boats, sailing boats
and motor boats with fixed engines, of
over net tons. length over 80 feet. Nu-
merous inquiries have been received con-
corning this tax, Those boats are diyid-
ed into three classes with respect to
length, and a separate tax is provided
for each class as follows: Over net
tons, length over 80 feet and not over so
feet, 81, for each foot; over net tons,
length over so feet and not over 100 feet,
81. for each foot; over s net tons, length
over 100 feet, 81 for each foot. The COM
missioner of internal revenue has held
that vessel must be both over net tons
and over 80 feet in length in order to be |
subject to the special tax imposed by this
section No return of certificates of ex- |
enption win be required in the case of
specifications.
boats falling below both or either of these |