The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1923-07-19
GIVES RULES ON
TAX PAYMENTS
Collector of Internal Rev
enue Cites Law for Pay
ment of Tax.
KENOSHANS AFFECTED

Many Kenoshans are interested IN
the statement given out today by A.
H. Wilkinson, collectors of internal
revenue for the district of Wisconsin,
regarding the regulations for the pay
ment Of corporation taxes and other
taxes. The statement reads as fol-
| lows:
To avoid penalty, returns and pay
ment must be made On or before July
81, 1928, of the miscellaneous occupa-
tional taxes, the special tobacco manu-
facturers' tax and the special tax on
the use of boats, provided for by the
revenue act of 1921.
Capital stock tax returns also must
be made on or before July 81, pay
ment being required within 10 days
after notice and demand by the col
| lector.
Cites the Law.
! The revenue act provides that ,"ev-
cry domestic corporation shall pay an
nually special excise tax with respect
to carrying on or doing business,
equivalent to 81 for 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
$4,000 In estimating the value of
capital stock the surplus and undivid-
| ed profits shall be included. 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 $1,000 of the average amount of
capital employed in the transaction of
| it's business in the United States dur
| ing the preceding year ending June 30"
| Every domestic corporation must
make a return on Form TOT even
though the law may indicate that it
| is exempt from tax. The question of
exemption is one for determination by
the commissioner of internal revenue.
! w. foreign corporation is carrying
on or doing business" in the United
States if it maintains an agent, or an
office or warehouse in the United
States, or in any other way enters the
| United States for the purposes of its
/ business.
Several OccupatiOnal Taxes.
Following are the miscellaneous oc-
cupational taxes: Brokers, $50; pawn
brokers, 800; ship brokers, $50; Gus
tomhouse brokers, $50. Proprietors of
theaters. museums and concert halls
where a charge for admission is made,
having a seating capacity of not more
| than $50, shall pay tax Of 500; hav-
ing a seating capacity of more than
$50 and not exceeding 500, $1,000; hav-
ing a seating capacity exceeding 500
and not exceeding 300, $3.50; having a
seating capacity of more than 500,
$780,
Circus proprietors are required to
pay tax of 500; proprietors of 9TH
er public exhibitions or shows, S15;
proprietors of bowling alleys and bill
| lard rooms are required to pay SO for
each alley or table; proprietors of
shooting galleries, $40; proprietors of
riding academies, 500.
Persons carrying on the business of
operating or renting passenger auto
mobiles for hire are required to pay
| $40 for each such automobile having
a seating capacity of more than two
and not more than seven, and $50 for
each automobile having seating ca
pacity of more than seven.
With respect to the special tax (due
in JULY imposed upon the use Of
yachts, pleasure boats, power boats,
sailing boats, and motor boats, the
commissioner of internal revenue has
ruled that vessel must be both over 5
tons net and at least 33 feet in length
! to be subject to such tax.
| These boats are divided into three
classes with respect to length and a
separate tax is provided for each class
as follows: Over net tons and over
80 feet in length, 81 for each foot;
over 5 tons, length over so feet and
not over 100 feet, 50 for each foot;
over tons. length over 100 feet, 81 for
each foot.