The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-12-01

Six Months in Prison Is
Penalty for Failure to
File Return.

Everybody who has had gross
income Of more than s66667 from
May /, 1898. to Jan. l. 1884, must
pay the state gross income tax in
January.
Penalties, including six months
imprisonment, are provided for
those failing to file return and pay
the tax. The rules for payment.
promulgated by Director Clarence
A. Jackson of the income tax divi-
sion, are shown on the back Of the
return.
Following are importnt excerpts:
"A. Receipts shown on the face OF
this return or in the accompanying
schedules must be totals for the
eight-month period from May l,
1888. to Dec. 81, 1888, inclusive,
even though a previous return has
been made. A separate quarterly
return for October, November and
December, 1888, is not required.
B. If your total gross taxable re-
ceipts were in excess Of S665.67 dur
ing the eight months from May l,
1888. to Dec. 81, 1888, inclusive, you
must file this return and pay tax.
From your receipts for the eight
months you shall deduct s666.67 be-
fore computing the tax.
Cash Receipts Taxable
&C. All receipts of cash or the
equivalent in property are taxable
except, l. Money received directly
from the United States government.
2. Outright gifts. 3. Inheritances
received by process of law from the
deceased in the form in which they
existed at the death Of the decedent-
4. Loans, either when received or
when repaid. ). Pensions, annmties
or life insurance endOwments lnso-
far as the amount received Is not
greater than the amount paid in by
the taxpayer previous to their le-
ceipt. 6. Receipts from life lnsur-
ance by virtue of the death OF the
insured. 7. Taxes collected as agent
for the state or federal government
or any subdivisions Thereon.
8. Travelling expenses II received
strictly as such provided accurate
account of such expenses is kept.
9. Receipts by reason Of maturity Oh
bonds or preferred stock.
ID. Compute tax at l per cent OF
receipts from the following sources
/ Salaries and wages. 2. CommlS-
sions or other compensation 1or
personal services. 3. Sale OF capital
assets or personal property. 4 IN
terests. rents, royalties, DIVIDENDS
and all other receipts by reason OF
fine investment of capital. 5. Per-
Torrance of contracts. 6. Retail
sales.
Previous PAYMENTS Deducted
"E. Compute tax at one-fourth OF
ner cent of receipts for the fol-
lowing sources: /. Manufacturing
. Wholesaling. 3. Jobbing. 4. Agrl-
culture. 5. Mining and production
of natural resources. (See F.
r. The above classifications apply
in accordance with the following
general principle: ANY sale made to
fine user or consumer is a retail SAFE
except where such sale is TO a
manufacturer where the article sold
becomes an integral part OF any
completed article produced Tor re-
sale or where the article sold 10 tne
manufacturer is consumed IN inc
completed manufacture OF any ar
ticle produced for resale.
&C. Deduct previous payments OF
gross income tax. if any, IN the
spaces provided at the bottom OF
the first page of this blank.
H. All payments must be MADE,
accompanied by a properly executed
return. to the Gross Income Tax
Division. Department of Treasury
State House, Indianapolis.