The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1924-06-27
TAX ON 5OC TICKETS
OFF AFTER JULY 3.
NO REVENUE TAX AFTER JULY
ON ANYTHING UNDER SOC.

L. M. Willcuts, collector of in
ternal revenue has sent out letters
to the public calling attentions to
the newly enacted provisions of the
revenue act relating to charges for
admissions to theatres, etc. whose
price is not over soc. In the letter
Mr. Willcuts says:
"You are advised that on and
after July 3, 1924, a tax on admis-
sions is imposed by Sec. 500 of the
Revenue Act of 1924, in lieu of the
tax imposed prior to that date under
the Act of 1921.
"The present tax under Sec. 500
of the Revenue Act of 1921 remains
in effect until and including July 2,
1924.
"The principal change in the ap-
plication of the tax under the new
law, is that admission charges OF
SO cents less are exempt from
tax, (Under the old law this ex-
emption only applies to charges of
10 cents or less.J The new Act is
similar to the old in that it imposes
the duty of collecting the tax and
returning same to the Government.
1T is anticipated that due to the
extending of the exemption to adj
mission charges of so cents or less,
a large proportion of the theatres
and persons required to collect and
return tax under the 1921 Act will
not be liable after the 1924 Act
takes effect Such taxpayers may
file final return for the month Of
June, not later than July 31st, in
Guiding in such return tax collected
for the two days in July. If the
tax for the two days in July is in
cluded in the June return, the
period must be clearly shown on
that return as being from June l 20
July 2, inclusive. Otherwise,
separate report must be filed for the
two days in July and must reach
this office with remittance to cover
not later than Sept. 1st aug. 31sI
falling on Sunday.)
with regard to tickets of admis-
sion showing an established price
not in excess of SO cents, plus tax,
you are advised that any such
tickets remaining on hand when the
new law becomes effective on July
3rd may be sold for the ESTAB-
LISHED PRICE shown thereon,
without stamping or over-printing.
For example, if on July 3rd you
have on hand supply of tickets
showing: Established price 22c, tax
SC, total 25c, such tickets may be
sold for % cents. To sell such
tickets for 25 cents, however, would
I. ,o1o 1f oh nf,c
manning on hand July Bird may be
sold for any price not in excess of
so cents, providing the new price
of admission is clearly stamped or
over-printed on the face of the
ticket. Supplies of tickets ordered
on and after the effective date of
the new Act must comply with the
provisions of that law. If the estab-
lished price of admission shown
on tickets is in excess of SO cents,
the tickets must comply with the
same provisions as those governing
taxable admission tickets under the
the name and place to which they
are valid, the amount charged for
admission, the amount of tax, and
the total of the admission tax, and
furthermore they must be serially
numbered or dated. Tickets sold
for SO cents or less, not being tax
able, do not have to show the name
of the place nor need they be serial
ly numbered or dated. Such tickets,
however, must show the price for
which they are sold.
with reference to the destruc-
ton of tickets the following self
explanatory paragraph from the !