Show v Dividend Tax Is Effective at t Once WASHINGTON June 17 ff All R-All All corporation dividends declared after 1155 11 5 a. a m. m eastern standard time yesterday esterday must pay a 5 per cent tax W o the government The industrial recovery bill which i levied vied the tax dividends on to be deJ ded de- de J d ducted at the source provided that it should take effect the instant the bin bill became a law r The president signed th the bill but five Smites minutes before noon yesterday 1 This feature of the new law was wast t l expected to rats raise in new t ir Meanwhile the federal tax of on one 4 i and tod one half cents a gallon on on gaso gaso- lIoe g went Into effect last midnight s counted on to produce An n excise tax of ot Per ller x tenth one-tenth of on one cent on 1110 the net worth of Uon corpora corpora- M 30 The capital stock is elective effective June Jun government from this h hopes source Pes to receive |