29. Sporting and athletic goods (including pleasure boats, but not yachts), amusement appliances Average Percentages Per Cent Not over 10. 10.15 14.45 Not over 10. 15.20 Not over 10. 10.36 30. Stationery goods, school supplies, office system supplies 31. Stencil, dye sinking, seals 33. Toys, children's tools and vehicles, including baby car riages, carts, games, and Christmas novelties.. 34. Umbrellas and canes 35. Washing machines and clothes wringers 36. Windmills 37. Special products, not elsewhere specified 2. Banking-private, money lenders, and pawnbrokers...... 3. Banking-savings 4. Banking-state and national 64 10. 5. Banking-trust companies 6. Banking and financial operations, not elsewhere specified.. 7. Building and loan associations 8. Burglar alarm systems 9. Holding companies, incorporated estates, trusts, invest ment concerns 10. Insurance brokers 11. Insurance-fidelity and surety 12. Insurance-fire, mutual 13. Insurance-fire, stock 10 22. Stock brokers and dealers in securities on commission.... electric lighting 4. Grain elevators 5. Irrigation water works 6. Light and power, including water and electric, hydro 7. Market houses-public 8. Railways-electric, city, suburban and interurban 10. 66 10. 9. Railway express companies Not over 10. 10. Railways-steam 11. Steamships-local, river, lake, coastwise and ocean lines.. 13. Tank car companies, refrigerator, ventilator, and live 14. Telephone and telegraph companies 15. Warehouse and storage, other than cotton storage, wharves, 16. Water filtration, distribution for domestic use Subdivisions TRADING AND MISCELLANEOUS 1. Brokers-freight, grain, merchandise, real estate and ship, 2. Garages and livery stables 3. Jobbers-merchandise, general and special. 4. Merchant tailoring, needlework, etc. 5. Merchants-retail 6. Merchants-wholesale 7. Real estate operators and promoters.. Not over 10. 66 8. Trading concerns not elsewhere specified.... 66 10. 10. Barbers, bathhouses, etc. 11. Consulting engineers, appraisers, accountants, adjusters, 9. Amusements, theaters, moving picture shows, county fairs, Subdivisions 12. Contractors, building construction, street paving, machine installation, etc. 13. Decorators and interior designing 14. Hospitals, sanitariums, etc. 15. Hotels 16. Laundries, dry cleaning, dyeing, etc. 17. Photographs and art portraits 18. Restaurants ..... 19. Schools, colleges, etc., 20. Undertakers 21. Miscellaneous concerns, not elsewhere specified, including typewriter exchange, type-setting, advertising services, commercial agencies, and detective agencies..... REVENUE ACT OF 19181 AN ACT TO PROVIDE REVENUE, AND FOR OTHER PURPOSES ACT OF FEB. 24, 1919, PUBLIC No. 254 TITLE I-GENERAL DEFINITIONS Section 1. That when used in this Act The term "person" includes partnerships and corporations, as well as individuals; The term "corporation" includes associations, joint-stock companies, and insurance companies; The term "domestic" when applied to a corporation or partnership means created or organized in the United States; The term "foreign" when applied to a corporation or partnership means created or organized outside the United States; The term "United States' when used in a geographical sense includes only the States, the Territories of Alaska and Hawaii, and the District of Columbia; The term "Secretary" means the Secretary of the Treasury; The term "Commissioner'' means the Commissioner of Internal Revenue; The term "collector" means collector of internal revenue; The term "Revenue Act of 1916" means the Act entitled "An Act to increase the revenue, and for other purposes, approved September 8, 1916; The term "Revenue Act of 1917'' means the Act entitled "An Act to provide revenue to defray war expenses, and for other purposes," approved October 3, 1917; The term "taxpayer' includes any person, trust or estate subject to a tax imposed by this Act; The term "Government contract" means (a) a contract made with the United States, or with any department, bureau, officer, commission, board, or agency, under the United States and acting in its behalf, or with any agency controlled by any of the above if the contract is for the benefit of the United States, or (b) a subcontract made with a contractor performing such a contract if the products or services to be furnished under the subcontract are for the benefit of the United States. The term "Government contract or contracts made between April 6, 1917, and November 11, 1918, both dates inclusive" when applied to a contract of the kind referred to in clause (a) of this paragraph, includes all such contracts which, although entered into during such period, were originally not enforceable, but which have been or may become enforceable by reason of subsequent validation in pursuance of law; 1 Only those parts of the Act which apply to the taxes treated in this book are reprinted here. a The term "military or naval forces of the United States" includes the Marine Corps, the Coast Guard, the Army Nurse Corps, Female, and the Navy Nurse Corps, Female, but this shall not be deemed to exclude other units otherwise included within such term; The term "present war" means the war in which the United States is now engaged against the German Government. For the purposes of this Act the date of the termination of the present war shall be fixed by proclamation of the President. TITLE II-INCOME TAX PART I-GENERAL PROVISIONS DEFINITIONS Sec. 200. That when used in this title The term "taxable year' means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which the net income is computed under section 212 or section 232. The term "fiscal year' means an accounting period of twelve months ending on the last day of any month other than December. The first taxable year, to be called the taxable year 1918, shall be the calendar year 1918 or any fiscal year ending during the calendar year 1918; The term "fiduciary" means a guardian, trustee, executor, administrator, receiver, conservator, or any person acting in any fiduciary capacity for any person, trust or estate; The term "withholding agent" means any person required to deduct and withhold any tax under the provisions of section 221 or section 237; The term "personal service corporation" means a corporation whose income is to be ascribed primarily to the activities of the principal owners or stock. holders who are themselves regularly engaged in the active conduct of the affairs of the corporation and in which capital (whether invested or borrowed) is not a material income-producing factor; but does not include any foreign corporation, nor any corporation 50 per centum or more of whose gross income consists either (1) of gains, profits or income derived from trading as a principal, or (2) of gains, profits, commissions, or other income, derived from a Government contract or contracts made between April 6, 1917, and November 11, 1918, both dates inclusive; 66 The term paid," for the purposes of the deductions and credits under this title, means "paid or accrued" or "paid or incurred," and the terms "paid or incurred" and "paid or accrued' shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212. DIVIDENDS Sec. 201. (a) That the term "dividend" when used in this title (except in paragraph (10) of subdivision (a) of section 234) means (1) any distribution |