Ogden Daily Standard | 1917-11-05 | Page 7 | Federal Tax Must be Paid on All Fire Insurance

FEDERAL TAX MUST BE PI Oi ALL FK BMiE A meeting of Are insurance agents of Ogden was held at noon today at tho Weber club for the purpose of discussing the ne$r federal tax on policies handled by them. According to the new ruling, as explained at the meeting, when a policy is Issued the federal tax, which- is a part of the general war tax, will have to paid immediately. im-mediately. The government will not allow the transaction to be legally complete until the tax is paid. Those taking the fire Insurance policy out will have to pay the federal tax and the secretary of each company is made a tax collector responsible to the government. gov-ernment. Heretofore about a month has been allowed holders of fire insurance policies poli-cies for payment, but according to tho new ruling no time whatever will be granted for tho federal tax.