TOBACCO. (19600.) Special tax-Dealer in tobacco. Dealer in cigars liable to special tax when sales for preceding fiscal year exceed 2,500,000 cigars-Any person commencing business as dealer in tobacco or cigars July 1, 1898, or subsequently during the year, required to pay special tax whenever sales exceed 50,000 pounds; the special tax will be computed from the first day of the month in which he commenced to engage in the business. TREASURY DEPARTMENT, OFFICE OF COMMISSIONER OF INTERNAL REVENUE, To collectors of internal revenue: Washington, D. C., June 28, 1898. Section 4 of the act of June 13, 1898, relating to tobacco dealers and manufacturers provides as follows: SEC. 4. That from and after July first, eighteen hundred and ninetyeight, special taxes on tobacco dealers and manufacturers shall be and hereby are imposed annually as follows, the amount of such annual taxes to be computed in all cases on the basis of the annual sales for the preceding fiscal year: * Dealers in tobacco whose annual sales exceed fifty thousand pounds shall each pay twelve dollars. Every person whose business it is to sell, or offer for sale, manufactured tobacco, snuff, or cigars shall be regarded as a dealer in tobacco: Provided, That no manufacturer of tobacco, snuff, or cigars shall be required to pay a special tax as dealer in manufactured tobacco and cigars for selling his own products at the place of manufacture. It is held that 2,500,000 cigars shall be regarded as equivalent to 50,000 pounds of tobacco, and the special tax of dealers will be computed on that basis. It is assumed that 1,000 cigars is equivalent to 20 pounds of tobacco, and that 1,000 cigarettes is equivalent to 3 pounds of tobacco, for the purpose of determining the liability to special tax under the law. If the dealer sells tobacco, snuff, cigars, and cigarettes, or only one or more of these articles, and his aggregate annual sales for the fiscal year ending June 30, 1898, exceeded 50,000 pounds, he will be required to pay the special tax, commencing July 1, 1898. It is also held that a person who has not engaged in the business of dealer in tobacco prior to July 1, 1898, but who on that date, or subsequently during the year, engages in the business, will be required to pay the special tax whenever his sales have at any time within the year exceeded 50,000 pounds. The special tax will be computed from the first day of the month in which he commenced to engage in the business. N. B. SCOTT, Commissioner. Agencies of foreign insurance companies in the United States, tax on poli- cies of.. Agents: Book, not commercial brokers.... Brokers', liability to special tax. Coal companies', to negotiate sales of coal 327 183 83, 310 188888 83 79, 229, 310, 319 175 133 59 130 Life insurance, may affix stamps to policies Agricultural societies. (See County fairs.) 176 Artoscopes... Assignments: Agreements of sale, etc Allowances for adhesive stamps purchased for resale.. Amateur theatricals... Annuity, table showing present worth of, at different ages. Appliances, mechanical Army canteens.. Bear same tax as original instrument... Contracts of rent or sale Mortgage. 9-12, 256, 257, 280 183 145, 154, 159 196 212 206 155 96 98 81, 225, 228, 232 Collateral securities and instruments used therein, pledging of... Association having a place of business for discount or sale of promissory notes liable to tax as.. Borrowed capital to be included in estimating special tax. Branch establishments of, liable to special tax Collector to keep list of, for public inspection. 29 287 44 153 161 90, 91 21 20, 22 27 Companies loaning money on collateral must pay special tax as Merchants receiving deposits from grain buyers and country merchants Merchants selling their own drafts to customers not Money loaned on household goods not banking.. Money loaned on personal notes of borrowers, without collateral security, Money placed by customers with, upon time certificates of deposit, not Private, liable to special tax Privileged occupation, etc. Banks: Capital and surplus of, method of computing... Capital of, United States bonds not to be deducted in estimating . Export, copies do not require stamping. Local expressages.. Money transported by express companies Shipping receipt given in exchange for, to be stamped Birds, remedies for, taxable.... Blackberry brandy a medicinal article..... Board of trade, persons buying and selling for themselves exclusively not Page. 310 94 28-30, 306 29 28, 206 52 29 30-48, 310 32 30, 31 46 30 33 44 252 19 34 39, 41 18 242 218 208 131 49-52, 310 50 81 50 51 143 50 233 229 50 329 51 49 51 50 49 133 95 287 20, 22 291 292 52-55 27 Guaranty companies in Canada, guaranteeing fidelity of employees, etc. Internal-revenue officers'.. Issue of, when a bond is said to be issued.. Municipal officers' Renewal of employees', by fidelity companies, taking effect on or after Tobacco manufacturers', instructions as to stamping of.. Warehousing Book agents not commercial brokers. Book, deposit, not taxable on presentation at bank for withdrawal of money. 75, 123 207 50 55-77, 304 59 -75, 76, 123 |