The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-10
FORMS FOR SPECIAL
REVENUE TAX RETURNS
ARE NOW AVAILABLE
Return and Payment Must Be Made or
or Before July I. Law PROVIDES.

revenue Of the district OF West VIZ
ginia:
Forms for making returns Of special
taxes due under TIE revenue act o:
! 1921. during the month OF July. now
are available al the office Of collector
! Of internal revenue. ParhersDurg. w.
Va. and the following branch Offices;
J Charleston. Clark sburC. Huntington
and Wheeling. ". Va
To avoid penalty, return and pay
ment o. the tax must be made on OF
before July 81, 1920.
, Return Of the capital stock toN or
domestic corporations must be made
on Form 707; foreign corporations,
/ los Form II IS used for making re-
! turn OF the miscellaneous oCcupational
and the tobacco manufacturers sp"-
/ cial tax. Regulations Cd. governing the
collection OF the capital stock tax. Res
ulations 50. governing the collection or
the misc ellaneous oCCupational taxes,
and Regulations s. governing the col
I lection 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 q special excise tax With re-
spect TO carrying on or doing business
/ equivalent to 81 for each 81 0OO or 81
much Of the fair average value Of IL
capital stock for the preceding year
ending June so as is in excess OF s5.on.
Tn estimating the value Of the capita
stock. the surplus and undivided
! profits shall be included.
. Every foreign corporation shall pa"
annually a specal excise tax with re-
speCt To CARRYING on or doing business
; in the United States. equivalent to 81
: for Zach q 900 o. the average amount
Of capital employed in tn" transaction
Of its business in The United States
during the preceding year ending june
/ so"
: The basis Of the tax in the case o;
a domestic corporation IS carrying on
| or doing business in the capacity or
4 corporation or association. Quoting
! from the capital stock tax Regulations
No S.: The words. carrying on or
! doing business, must be given every
ordinary and natural significance.
Business Is a very comprehensive
term and embraces whatevc: occupies
the time. attention or labor OF men FOR
! the purpose OF livelihood or profit. IN
other words. business necessarily IN
! wolves the idea Of gain" Every domes.
| tic corporation must make return on
! Form 701. even though the law may
| indicate that II Is exempt from the
tax. The question Of exemption Il one
for determination by the commissioner
OF internal revenue.
The basis Of the tax In the case or
a foreign corporation Is carrying on
or doing business in the United
States" A foreign corporation Is car.
+ rying on or doing business IN the Unit
ed States II it maintains an agent or
IN office or warehouse in the Tnitec
States. or in anv other way enters the
United States for the purpose OF Its
business.
Occupational Taxes.
Following are the miscellaneous &C.
cupational taxes: Brokers. $50: pawn
brokers. 800; ship brokers $50: Gus.
tom house brokers. $50 Froprietors
Of theatres. museums and concert halls
where a charge for admission Is made
having seating capacity or nnr luOrc
than $50. shall pay tax OF $40: hav
ing a seating capacity of more than
$50 and not exceeding 500 800: hav.
inr seating capacity exceeding sen
and not exceeding 500. $50: having
seating capacity OF more than 500
5000.
Circus pronrietors are required 70
pay tax of 800: pronrietors Of bow.
ing alleys and billiard rooms sre -.
qured to paw s1n for each alley n"
table: proprietorS Of shooting ga
leries 500: proprietors Of riding acaA
emies. 800.
Persons carrying on the business o
operating or renting passenger auto
mobiles for hire are required to pay
$40 for each such automobile having
seating capaCity of more than two anc
not more than seven. and $50 for each
such automobile having a seating cap.
acity o. more than seven.
Section 1908 Of the revenue act OF
1921 imposes tax unon the use Of
yachts. pleasure boats. power boats
sailing boats and motor boats with
fixed engines. Of over FIVE net tons
, length over 50 feet Numerous in
uuiries have been received concerning
this tax These boats are divided into
three classes with respect to length,
and separate tax is provided for each
class as follows: Over : net tons
length over 80 feet and nor over 81
feet. 81 for each foot: over net tons
length over 30 feet and not over ION
feet. 81 for each foot: over net tons
length over 1oo feet. 81 for each foot
The commissioner OF internal revenue
has held that vessel must be both
over net tons and over 20 feet IN
length In order 10 ne subject TO the
special tax innosed BY this section.
No return OF certificate Of exemption
will be reruirod n tho $3.50 ~ boats
falling below both or either OF these
specifications.