APPENDIX.

281

DIGEST OF RULINGS UNDER SCHEDULE A, ACT OF JUNE 13, 1898.

Documentary stamp taxes.

[Internal-Revenue Circular 503-second revision.]

TREASURY DEPARTMENT,

OFFICE OF COMMISSIC R OF INTERNAL REVENUE,

January 9, 1900. Following is a summary of the provisions of the act ofJune 13, 1898, relative to the stamp tax accruing on instruments, papers, and documents on and after July 1, 1898, enumerated under Schedule A, with the principlal rulings thereon to this date:

Stamp duties on and after July 1, 1898.

SCHEDULE A.-Documentary.

Bonds, debentures, or certificates of indebtedness of any association, com-
pany, or corporation, on each $100 of face value or fraction thereof.
Bond, indemnifying, etc., and all other bonds of any descrip ion, except
those required in legal proceedings, not otherwise provided for
On each original issue of certificates of stock, whether on organization or
reorganization, on each $100 of face value or fraction thereof
On all sales, agreements to sell, memoranda of sales, deliveries or transfers
of shares, or certificates of stock of any association or corporation, on
each $100 of face value or fraction thereof...

Upon each sale, agreement to sell, or agreement of sale of any products or
merchandise at any exchange or board of trade, or other similar place,
either for present or future delivery, for each $100 in value of said sale
And for each $100, or fractional part thereof in excess of $100..........
Bank check, draft, certificate of deposit not drawing interest, or order for
the payment of any sum of money drawn upon or issued by any bank,
trust company, or any person or persons, companies, or corporations, at
sight or on demand..

Bill of exchange (inland), draft, certificate of deposit drawing interest, or
order for payment of any sum of money otherwise than at sight or on
demand, or any promissory note, except bank notes issued for circulation,
and for each renewal of same, for a sum not exceeding $100.....
And for each additional $100, or fractional part thereof in excess of $100.
(This clause applies to money orders issued by the Government.)
Bill of exchange (foreign), or letter of credit (including orders by telegraph,
or otherwise, issued by express or other companies, or any person or per-
sons), drawn in, but payable out of, the United States, drawn singly or
otherwise than in sets of three or more, for not exceeding $100...
And for each additional $100, or fractional part thereof in excess of $100...
If drawn in sets of two or more, for every bill of each set for a sum not ex-
ceeding $100, or its equivalent in foreign currency, value fixed by the
United States standard..

For each additional $100, or fractional part thereof in excess of $100
Bills of lading or receipt (other than charter party), for goods, etc., to be
exported

Bills of lading, manifests, etc., issued by express companies, or public car-
riers, etc., a stamp to each, and to each duplicate thereof, of the value of.

283

Certificates of profits, or certificates or memoranda showing interest in the property or accumulations of any association, company, or corporation, and all transfers thereof, on each $100 of face value or fraction thereof...$0.02 Certificate of damage or otherwise, and all other certificates or documents issued by port warden or marine surveyor...

Certificates of any description required by law not otherwise specified in act.
Charter party, contract, or agreement for the charter of any ship, vessel, or
steamer, or any renewal or transfer thereof, for every ship not exceeding
300 tonnage..

More than 300 and not exceeding 600 tonnage
More than 600 tonnage.

Contract, broker's note, or memoranda of sale of goods, or merchandise,
stock, bonds, exchange, notes of hand, real estate, or property of any kind,
issued by brokers, etc., for each note or memorandum of sale not other-
wise provided for in act...

Conveyance deed, instrument or writing conveying lands, tenements, or
other realty, etc., value over $100 and not exceeding $500.
For each additional $500 or fraction thereof..

Entry of goods, wares, and merchandise in custom-house, not exceeding
$100 in value..

.25

.10

3.00

5.00

.10.00

.10

.50

.50

Dispatch, telegraphic, on each message

.01

.25

Exceeding $100 and not exceeding $500

.50

Exceeding $500 in value

1.00

Entry for withdrawal of goods or merchandise from customs bonded warehouse

Insurance, life, on every policy, except any fraternal beneficiary society or order, for each $100 or fractional part thereof on the amount insured. Industrial or weekly payment plan, the tax is 40 per centum of the amount of the first weekly premium, as to which sworn statement is required to be made to the collector of the total amount of first weekly premiums received on policies issued during preceding month.

Insurance, marine, inland, and fire (except purely cooperative or mutual), on each policy, or renewal, on amount of premium charged on each $1 or fractional part.

.50

.08

.00

Insurance, casualty, fidelity, and guarantee, on each policy, on each $1 or fractional part thereof of premium received.

.001

(Every assignment or transfer of all policies of insurance subject to tax. See paragraph relating to mortgages.)

Lease, agreement, memorandum, or contract for the hire, use, or rent of
land or tenement, not exceeding one year..
Exceeding one year and not exceeding three years.

If exceeding three years

(Every assignment or transfer subject to tax. See paragraph relating to mortgages.)

Manifest for custom-house entry or clearance of cargo of any ship, vessel, or steamer for a foreign port, registered tonnage not exceeding 300 tons. Exceeding 300 tons and not exceeding 600 tons

Exceeding 600 tons

(Does not apply to vessels plying between ports of United States and ports in British North America.)

Mortgage of lands, estate, or property, real or personal, heritable or movable, made as security for payment of definite sum of money, also any conveyance of lands, estate, or property whatsoever, as security, exceeding $1,000 and not more than $1,500.

On each $500 or fractional part in excess of $1,500 (Same as above in all assignments or transfers. )

Passage tickets by any vessel from the United States to a foreign port, costing not exceeding $30..

1.00

More than $30 and not exceeding $60.

3.00

More than $60

5.00

Power of attorney or proxy for voting at an election for officers of any incorporated company or association, except religious, charitable, literary, or public cemeteries.

.10

Power of attorney to sell and convey real estate or to rent or lease the
same, to collect or receive rent, to sell or transfer stock, bonds, etc
(Papers used in the collection of pension, back pay, or bounty claims, or
claims for property lost in military or naval service are exempt.)
Protest: Upon the protest of every note, bill of exchange, acceptance, check,
or draft, or any marine protest

.25

.25