| Show PLAN MADE CLEAR ON TAX EXEMPTION washington july 19 the treasury trea iury d department pertinent e has ha explained the tax exemption limits on 4 and 4 per cent liberty bonds the total possible po ibl exem emp potions lioni from federal surtaxes and ad profit profits taxes 1 Is the following summary of tx tax ex a timitia was w given five thou thousand saad dollar dollars in the aggregate of first aud aid second as 4 and 4 third and fourth as 4 treasury and war certificates thirty thousand dollar dollars of first ana and second 4 and fourth 4 until two year years after expiration of war as a fixed by presidential proclamation thirty thousand dollars in aggregate of firt first and second as third and fourth fou rth 4 as to interest rec received eLrod after january 1 1019 1919 until fire five fears ear after tor tona mb of war forty five fir thousand thou un dollare dolls re in a aggregate of fint first iad s i ond as 4 and ad 4 and third 44 us as to interest receive received after january lp 1 1918 until two year years after termination of war thi exemption conditional upon original tion to and holding on date of 0 tax return to two ai as many bondi bouas oz ot tho the fourth liberty loan twenty thousand dollar dollare in aggregate of first and second 40 4 and 1 and third and fourth ae 4 ai as to interest rec elied after january 1 1919 1910 upon original subscript subscription iou ti tj and colditz holdia at date of tax return of one third aj as many bonds of victory loan all liberty biada and victory note notes are exempt in anda hands of helgn firel git hold en ers liberty as 3 and victory are exempt front frow federal feder alt state end and local taxation estate or inheritance tares and 4 aldiva per cent vic victory torys are ar exempt from tat local anah nor ai mal jeral income tax |
