Show tax commission adopts rules for use of tax tokens rules rulea and regulations pertaining to the use of sales tax tokens which will I 1 be put into i circulation on july 1 idere were adopted saturday bythe by the state tax commission the tokens are issued pursuant to ta an act odthe of the which provides that the vendor must collect the tax from the vendee without tokens wa impossible sible to collect the exactS exact amount mOunt of the 2 per cent tax on purchases under SO 50 cents I 1 tokens are being issued in two denominations a I 1 mill token which is in a little hitie smaller than a dime and a aa 5 mill token which ia ls be between tweena a nickel and a quarter in size the I 1 mill I 1 token la is the exact amount of the tax an on a 5 cent purchase and the 5 mill on on a 25 cent purchase on sales in excess erces a of to CO cents thi the rules say the tokens are to be used only to collect that part of the tax represented by a fractional part kofl cent as if the sale amounted to the 2 per cent tax would be 53 5 S 10 cents or S 5 cents and three 1 mill tokens where the computation of tax amo amounts un ts to a fractional part of I 1 min mill the tax is to be collected by adopting a method which will result in collecting as near as aa is possible the practical and correct amount of tax due such as computing the tax to the nearest even 1 mill for example on a sale of 7 cents a 1 mill token would be collected and on a sale of 8 cents two I 1 mill tokens would be collected the tokens are to b be used only in collecting and paying the sales tax with respect to transactions between buyer and seller the tokens have no value as money and are not to be used in paying for merchandise or in any other manner as money and are not to be used by the vendor in payment of the tax to this commission tokens will be redeemed at face value in quantities of I 1 mill tokens or 5 mill tokens or multiples thereof irwin I 1 r w 1 n arnovitz commission chairman said tokens will be issued in the same quantities and may be obtained fram any office of the tax commission or from any of the banks which have agreed to handle them for the commission which in this section includes the commercial and Savings sank gank the flie monroe state bank the first state bank of salina and the state bank of wayne |