Evening star., 1937-09-08
Tax
CONTINUED From First Page


pllcant did not receive during the year
preceding ris application for license
If he was engaged during that period
gross receipts in the sum of $4,000.
Forms for the filing of the return
required by the act, application blanks
snd affidavits will be supplied at the
office of the assessor in the District
Building. In addition, forms may be
obtained at various police precincts.
Failure to obtain a license or to
file return, or any violation of the
regulations adopted to carry out the
sct, subjects the offender to a fine OF
$1,000 for each day of such failure OF
violation. Other penalties are pro-
vided in the act, such as the increase
Of the tax for failure to file return
and TO obtain a license"
The rules prescribe that if any CO.
partnership in existence after January
1885, was dissolved prior to August II
1887, and the several partners con-
tinued in business separately up tc
and including August II, 1887, the CO.
partnership as such is not required to
report its gross receipts or pay the tax
thereon, but each individual so con-
tinuing in business must report his
respective gross receipts and pay the
tex computed thereon as if such CO.
partnership never existed.
Touching on the question of the To-
ration of business, the Commission
ers ruled that the gross receipts from
any business, as defined by the act
which originates or is concluded in the
District must be reported and the tas
computed thereon. A license fee will
be required for engaging in and car
rylng on such business. The Commits
sioners ruled that the gross receipts OF
any person having any office or place
OF business within the District from
business done or transacted by
through or from such Office or place oi
business must be reported and ia,
computed thereon.
Among rules describing gross re.
ceipts from sale of personal propert,
ere these.
Sale for Credit
II sale is made for credit. III,
amount of such credit constitutes thu
receipt, provided, however, that sub.
seouent liquidation of such credit die
not constitute receipt under the act
II the sale is an installment sale
total amount of the intallment pait
or 10 be paid constituted the receipt
including any interest or carrvin,
charge. In other words, a person wht
sells or otherwise disposes of per
sonal property in trade or business OF
the installment plan, whether or no
title remains with the vendor unit
the property is fully paid for and al
the conditions prescribed are fully per
formed, must return as receipt tn,
total amount of the contract entered
into during the period covered by th
return, but not the money collected OF
contract entered into prior 10 tn
period covered by the return.
If the sale is made exchange o
property of any kind. the fair marke
value OF the property received in ex
change constitutes the receipt. How
ever, where a used article is sccepte
In part payment for the purchase pric
OF a new article, such as an automo
bile, furniture, washing machine
radio, mechanical refrigerators and .
forth, the seller of the new article !
not required to include as taxable gros
receipts the sales price of the used Al
tcle Tor any other used article take
In exchange therefrom when sold, pre-
vioed the fun catalogue sale price {
the new article has been included j
me gross receipt on which the tax
computed.