Memoranda of sale Provided, That on every sale or agreement of sale or agreement to sell as aforesaid there shall be made and delivered by the seller to the buyer a bill, memorandum, agreement, or other evidence of such sale, agreement of sale, or agreement to sell, to which there shall be affixed a lawful stamp or stamps in value equal to the amount of the tax on such sale: Provided further, That sellers of Transfers of concommodities described herein, having paid the tax house not a sale provided by this subdivision, may transfer such contracts to a clearing house corporation or association, and such transfer shall not be deemed to be a sale, or agreement of sale, or an agreement to sell within the provisions of this Act, provided that such transfer shall not vest any beneficial interest in such clearing house association but shall be made for the sole purpose of enabling such clearing house association to adjust and balance the accounts of the members of said clearing house association on their several contracts. And every stamps to be affixed such bill, memorandum, or other evidence of sale or agreement to sell shall show the date thereof, the name of the seller, the amount of the sale, and the matter or thing to which it refers; and any person or persons liable to pay the tax as herein provided, or anyone who acts in the matter as agent or broker for such person or persons, who shall make any such sale or agreement of sale, or agreement to sell, or who shall, in pursuance of any such sale, agreement of sale, or agreement to sell, deliver any such products or merchandise without a bill, memorandum, or other evidence thereof as herein required, or who shall deliver such bill, memorandum, or other evidence of sale, or agreement to sell, without having the proper stamps affixed thereto, with intent to evade the foregoing Penalties provisions, shall be deemed guilty of a misdemeanor, and upon conviction thereof shall pay a fine of not exceeding $1,000, or be imprisoned not more than six months, or both, at the discretion of the court. That no bill, memorandum, agreement, or other evidence of such sale, or agreement of sale, or agreement to sell, in case of cash sales of products or merchandise for immediate or prompt delivery which in good faith are actually intended to be delivered shall be subject to this tax. 6. Drafts or checks payable otherwise than at sight or on demand, promissory notes, except bank notes issued for circulation, and for each renewal of the same, for a sum not exceeding $100, 2 cents; and for each additional $100 or fractional part thereof, 2 cents. 7. Conveyance: Deed, instrument, or writing, whereby any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his, her, or their direction, when the consideration or value of the interest or property conveyed, exclusive of the value of any lien or encumbrance remaining thereon at the time of sale, exceeds $100 and does not exceed $500, 50 cents; and for each additional $500 or fractional part thereof 50 cents: Provided, That nothing contained in this paragraph shall be so construed as to impose a tax upon any instrument or writing given to secure a debt. 8. Entry of any goods, wares, or merchandise at any custom-house, either for consumption or warehousing, not exceeding $100 in value, 25 cents; exceeding $100 and not exceeding $500 in value, 50 cents; exceeding $500 in value, $1. 9. Entry for the withdrawal of any goods or merchandise from customs bonded warehouse, 50 cents. less, shall be exempt from taxation. roxy for voting at any election for 11. Proxies, tax 10c neeting for the transaction of business, porated company or association, except ucational, charitable, fraternal, or liter, or public cemeteries, 10 cents. ney, tax 25c ower of attorney granting authority to 12. Power of attorrm some act for or in behalf of the ich authority is not otherwise vested ee, 25 cents: Provided, That no stamps uired upon any papers necessary to be e collection of claims from the United om any State for pensions, back pay, or property lost in the military or naval upon powers of attorney required in cases. tax 3c to 5c per aying cards: Upon every pack of play- 13. Playing cards, containing not more than fifty-four pack factured or imported, and sold, or reonsumption or sale, after the passage 14. Parcel post, 1c rcel-post packages: Upon every par- for each 25c postage ge transported from one point in the es to another by parcel post on which mounts to 25 cents or more, a tax of 1 h 25 cents or fractional part thereof such transportation, to be paid by the parcel or package shall be transported p or stamps representing the tax due een affixed thereto. 59 teen hundred and sixteen, as amended (a) A tax equal to the following percentages of its value is hereby imposed upon the transfer of each net estate of every decedent dying after the passage of this Act, the transfer of which is taxable under such section (the value of such net estate to be determined as provided in Title 2 of such Act of September eighth, nineteen hundred and sixteen): One-half of one per centum of the amount of such net estate not in excess of $50,000; One per centum of the amount by which such net estate exceeds $50,000 and does not exceed $150,000; One and one-half per centum of the amount by which such net estate exceeds $150,000 and does not exceed $250,000; Two per centum of the amount by which such net estate exceeds $250,000 and does not exceed $450,000; Two and one-half per centum of the amount by which such net estate exceeds $450,000 and does not exceed $1,000,000; Three per centum of the amount by which such net estate exceeds $1,000,000 and does not exceed $2,000,000; Three and one-half per centum of the amount by which such net estate exceeds $2,000,000 and does not exceed $3,000,000; 60 Five net estat $8,000,00 Seve net estat $10,000,0 Ten net estate SEC. shall not any deced naval for tinuance now eng received d in one yea the purpo war shall president. TITL SEC. lected, an cles comin Indian Is equal to t United St ufacture; to the U payment d er centum of the amount by which such $5,000,000 to xceeds $5,000,000 and does not exceed $8,000,000-5% tax per centum of the amount by which such $8,000,000 to xceeds $8,000,000 and does not exceed $10,000,000-7% tax ; and r centum of the amount by which such Over $10,000,000xceeds $10,000,000. 01. That the tax imposed by this title ply to the transfer of the net estate of t dying while serving in the military or s of the United States, during the conthe war in which the United States is ed, or if death results from injuries disease contracted in such service, withafter the termination of such war. For s of this section the termination of the e evidenced by the proclamation of the 10% tax Tax does not apply to estates trans ferred as result of death while in mili tary service of U. S. juries received in or as a result of in such service X.—ADMINISTRATIVE PROVISIONS. Administrative Application of 000. That there shall be levied, col- Virgin Islands 61 |