Show SPECIAL UNITED STATES TAX OF MANY MILLIONS NOW it affects all corporations that are organized for profit companies required to report at once district correspondence and local news SPECIAL UNITED STATES TAX OF MILLIONS 14 corporation to pay oae one per ceat cent of their net income above corporation corporations in n utah idaho and montana will pay a million dollars as a special enciso tax for the coming year u a result of the law passed by congress end ahe money will be hand ledat the office of E 11 II catheter callister the internal revenue collector for utah idahl and montana notices are being sent to the in these three states and they will be compelled to report it once and pay I 1 per cent of their net income over and above thia this money which goes to the gov ment will affect corporations joint itoku and insurance companies and as lations soc in the three states and will wili bt the union pacific the salt lake lee los angles railroad and all other frame traffic imes knes which have their home offices in utah as a well as a those which have borne home offices in aln other atties the act of congress of august 5 6 1909 relating to the assessment and collection of special taxes imposed upon various corporations la Is now in effect it will be contested by the corporations and car ried as high as the supreme court of the tho united states according to the statements ane ita of leading corporation attorneys but until that action Is taken it will te ke operative SOME corporations EXEMPT the law provides that corporations arganI organized zed for profit and having a capital stock represented by aharen sli arit include Inc Ilic ludm luding hs hsuch orance companies and kindred organ babions bat hat ions hall shall pay annually a special excise tax equivalent to 1 percent upon the entire net not income over and above received from lill sources during the year this Is exclusive of amounts received by it froni dividends paid paia by aber corporations the law does not apply to lodge and fraternal organization dying sick and death benefits benei fits nor to domestic building and botn associations nor to religious ious or enari table organize we I 1 every corporation not specifically aa as exempt shall make prop ir r returns required by law whether it my have a net income liable to tax or set wt these returns showing the gross ird net weight incomes shall be mad to the ie internal revenue collect r and by him treated in confidence and forwarded yarded to the department at ton after which they become public cords ads corporations COP ORATIONS CLASSI classified FILD ine no included in thou tb atje I 1 I 1 j mope rope of taij law are summed up in the following clarification class cites and commercial ket bc lading barila bank banking associations fast is s guaranty and surety canles tille insurance companies hiding 1 if for profit and aurance ou urance rance not specifically ampt ni pt class B public service as rail kida toads steamboat ferryboat and stage ne companie compani is pipe line gas and elee elec ac light companies express buon kation and storage companies tele griph and telephone com compard comps parc ric clasa class C indus industrial trial and manufacturing 4 as mining lumber and coke cornelea elea colling coiling mills foundry and athin hops sawmills flour woolen uon otton and ether mills manufacturer manufacturers t ettre cares elevators kniple ants ints and all articles arti clea manufactured bolly holly or in part from metal wood or material manufactures or refiners outer molasses mol assee syrups or other ste tee lee ad refrigerating companies a achter house tannery packing or clai cuil 1 compan lei etc CIAs D efer ancile all aers iere not otherwise classed asprom as or sIn coal lumber n produce and all ali good goods ware wares and cliss E such ai as thit ecta contractor contractors hotd hotel theatre or companies or associations not walte ase classed 11 the e penalties for fo violation of the tho act severe any collector deputy etal nt or clerk or other cylone ci cy aloye loye alo agen w any of the contain ill in the returns hall be punishable ue not to exceed 1 imprison ment not to exceed one year or both A fine ranging from 1000 for imprisonment not to exceed one year may be imposed upon a corporation cop oration refusing refu eing to make returns at the proper time or for making false ke return turns |