Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1935-04-05
FULL TEXT OF
GROSS RECEIPTS
new TAX LAW

CQS gross f0CSlpCO IdA JILL SAAe@So~>
early today follows:
The following words, terms ane
phrases when used in this act shall
have the meaning ascribed to them BY
this section, except where the contest
clearly indicates different meaning
"Person" means any individual
firm, partnership, association, cor.
poration, trustee, receiver, fiduciary
or any other group or combination
acting as unit, and the plural as well
as the singular number.
The word business" includes all
activities or acts engaged in or caused
to be engaged in by any person with
the object of gain, profit, benefit or
advantage, either direct or indirect,
through the sale of goods, wares, mer-
chandise or other tangible personal
property to the ultimate consumer,
user, customer or patron.
WHAT SALE" MEANS
UNDER NEW TAX LAW
The word "sale" means any transfer
of the ownership or title of tangible
personal property to the consumer for
use and not for purpose of resale for
monetary consideration. Transac-
lions whereby title to property is ulti-
mately to pass and whether such trans
actions are called leases, sales or by
any other name, and whether the poss-
ession is delivered to the purchaser
or is retained by the vendor, shall be
deemed "sales."
The word "vendor" means any per-
son who engages in the business of
selling at retail tangible personal
property subject to the tax imposed
by this act, whether such person is a
manufacturer, producer, wholesaler,
jobber or retailer.
PROVIDES FOR REFUNDS
AND PENALTIES
TIE. (a) AS soon as practicable at
ter the return is filed, the Comptroller
shall examine it and compute the tax
If the amount paid exceeds the amount
which should have been paid, the ex-
cess shall be refunded by the Comp
troller or credited on account of future
taxes accruing from the same tax.
payer or his successor or assigns.
(b) If the amount found to be due
exceeds the amount paid, the def
cheney, together with interest thereon
at the rate of one-half on one per cent
per month or fraction of a month
from the time the tax was due, shall
be paid within ten days after notice
and demand by the Comptroller. L
not so paid, a penalty of five per CEN
shall be added.
(c) If any part of the deficiency i:
due to negligence on the part of thu
taxpayer, but without intent to de
fraud, there shall be added five pc
cent thereof and interest at the rate O.
one per cent, month or fraction OF
month of such deficiency from the tim
the tax was due until paid.
100 PER CENT ADDED
AS FRAUD PENALTY
CD. If any part of the deficienc.
is due to fraud with intent to evad'
the tax, there shall be added one hun
bred per cent of the total amount O.
the deficiency, and, in addition, inter
est at the rate of one per cent pc
month or fraction of month from I'll
date the tax was due until paid.
72b. For the privilege of engaging il
the business of selling tangible per
sonal property at retail, there is here
by imposed upon every person engag
ing in such business license fee o
tax, in addition to all other fees O
taxes imposed by law, at the rate o
one per centum of the gross receipt
of any such person, on or after Apr
1, 1885, to and including March 81
1886. from the sale of all tangibl
personal property at retail in thi
State.
MONTHLY ACCOUNTING
DEMANDED BY LAW
72c. On or before the tenth day o
June, 1885 and on the tenth day o
each calendar month thereafter, ever,
vendor who has made any sales at re
tail subject to the tax hereby impose,
during the preceding calendar month
shall make a return to the Comptrol
Ter, stating the name of the vendor
his, her or it's address and the amour
of the total selling price of all tangibl
personal property so sold, and shal
pay the Comptroller the amount o
the tax herein imposed. Such return
shall be made on forms prescribed an
furnished by the Comptroller an
shall contain such other information
as the Comptroller may reasonabl,
require. The said returns need not b
under oath or affirmation, but an.