Salt Lake Telegram | 1932-06-15 | Page 10 | Five Federal Taxes Effective June 21

Five Federal Taxes I Effective June 21 Five types of stamp taxes as provided provided provided pro pro- vided in the federal revenue act approved approved ap ap- ap proved by President Hoover June 6 will go into effect In Salt Lake June 21 21 according to information received by James H. H Anderson collector of Internal revenue Wednesday A documentary stamp of 10 cents per par value will be required on issues of bonds or capital stock A cent 4 stamp for each par value will be required in bond transfers and a stamp of 4 cents per par value or 4 cents per share i if there is no par value will be necessary on stock transfers If the selling price is more than 20 per share this stamp tax will be 5 cents The tax on real estate conveyances will amount to 50 cents on property valued between and and 50 cents on each additional or fractional part thereof A tax of 5 cents per value will be levied on sales of produce for future deliver delivery Mr Anderson declined to hazard a guess as to what amount would be collected by his office from these stamp taxes