| OCR Text |
Show stamps on mining deeds. United States Internal Revenue, Supervisor's Ollice, California, Nevada, Ne-vada, Utah and Arizona, San Francisco, Jan. 31, 187 1. The attention of all interested is hereby especially called to the stamping of deeds iu cases where several individuals individ-uals owning undivided interests in a mining claim incorporate, and to convey con-vey to such corporation thus formed their said interests, receiving stock theicfor. The question as to the amount of stamps required under the law, having been referred by me to the Department. Hon. Commisfioner l'lcasantou writes me, under date of i I January 1, lf71, that SHch deeds : "kill vithin the rule contained in para- ( graph 7, paire 1 1. of series 5, number ii.i," laws anii regulations Internal Rev-! enue Department, and further that "in stamping the deeds under the said ' rule, the market value of the stock 1 should be taken as the consideration without regard to the par value ot the same." In cases where the market value pf the. stock cannot otherwise ' be determined, the actual value of the property conveyed must neo-ssari'y be taken as the ba-isupon whih to determine deter-mine the market value of said stcv-k. aud such deeds mut be stamped accordingly ac-cordingly with a tiny cent sian.p where the consideration is $.V" or less, in 1 fit tv cents for each addition tl $ior fractional part thereof. Intern! rev-. rev-. enue otiievrs iu Caidorm, Nevada, Utah, and Arizona, have been and are hereby spccia.ly instructed that the I penalties prescribed by law lrnM be enforced in aii casts of vio.aaon in tl.e abvve mentioned particuiar- hcrcatier occur. ii;--. V, ry respect: a'.y. . L. M. K'riKH. J'ui'crv.svr. |
