The Mankato free press., 1923-07-20
Old THE PENTAvYVI
sTATEhfkNT 1Y INTERNAL
REHENuE COLLECTOR
oeeunatlenal Tax Must Be
Forthcoming BY
July 81, ises

70 avoid penalty, returns and pay.
meat must be made on or before
July a. iSas,~a the laiseeliansou
oeoupAsionAl taxss, ths hpsotal 70.
baooo manufacturers tax and the
special tax on the use Of boats, pro.
Vtded Tor by the revenue act Of IsaI.
Capital stock tax returns also must
Be made on or before July 81. pay.
nlsns being required within ten days
kttsr notice ana demand by the COZ
The revenue act provides that
every domestic corporation ANAL
pay annually. q special sxcia0 TAR
WAN respect 70 carrying on or doing
epiHSsasness. eiSa' seIiyAisnt 20 q for each
aSs q is Is SapIsI = s.oOk iF soE tSs issrse prs:
eeeing year ending June 30 90 q IN
excess Of SS,00O. In eefimGting the
value q espital stook the surplus
and undivided protitS shau be includ.
90. 1very foreign corporation ahan
pay annually apoctAl excise tar
with respect TO carrying on or doing
business n tho United States, equiv.
Alent 70 81 tor each $1,000 Of the
average amount of capital employed
N NE TRANSACTION OF Ito business
N ne United 6tatss during the pre-
osdtng rear ending June y0."
EWary domestic corporation must
make . return On form TOT evsn
though the law may indicate that It
Of sxemption u one for detsrmins.
tion by the Commissioner Of Inter
national Revenue.
a foreign corporation is carrying
On or doing business" In the United
States II II maintains an axsnt, or
an ofnee Of IN any other way enters
the United states for the purpose Of
its business.
The oceupatIonaI Taxes
FOLLOWING the misosllaneous 90.
cupAttonal taxes: brokers. $50;
IpaMnbrokers, 500: ship brokers, $50;
customhouse brokers, $50. PYcpri-
etors OF theaters, museums and con
cert halls where . charge for admis-
sion is made, having q seating ca
pacity OF not more than $50, shall
pay 2 tax OF $50; having q seating
sxceedinS 900, 500: haxins Inv az 4 ssass an.
Ing oapacity sxaseding 500 and not
exceeding SOC. $3.50; having a seat
ing capacity Of more than 800, sa0o.
In the case Of theaters, museums
or concert halls 81 cities, towns or
villages Of 5000 Inhabitants or less.
the amount Of taE shall be one hall
Of that stated above.
Circus proprtetors are required to
pay taf OF 500; proprietors Of
other publie exhibitions or shows,
4ls; peoprietors OF bowfng alleys and
DAlard rooms are required 10 pay
$1O for each alley or table. pnopri-
stors Of riding academies, 500.
Persons carrying on the business
OF operating or renting passenger
automobiles for hire are reuuired 10
pay $40 for each automchile Aavinr
seating capacity Of more than two
sna not mofe than seven, and $50
Tor each Antomohtie having seating
capacity ot more than seven.
VITA respect 70 the special tar
loue IN yulyl Imposed upon the use
or yachtS, pleasure boatA, power
boats, sail boats, and raOkor boaAs
the commissioner OF internal revenue
has ruled that vessel must be both
over tons net and at least "a feel
IN length 70 Be Au&nect to such tax.
These boats are divided into three
classes with respect TO ienEth and n
separate tax 10 provided for each
CLASS % follows over Ave net toms
and over thirty two feet in length.
~ for each foot: over ave tons.
length over hfty feet and not over
100 feet. 81 for each foot: over ave
tons, length over 100 feet. 81 four