REPORTED TO SENATE.

Sec. 3a. That upon the sale of each and every passenger automobile there shall be levied, assessed, and collected a tax of 50 cents per horsepower, to be paid monthly by the manufacturer selling the same when such sale shall be made subsequent to the taking effect of this Act, and a like tax to be paid in like manner is imposed upon the sale of each and every passenger automobile to be paid by the dealer selling the same when such automobile shall have been purchased from the manufacturer thereof by the dealer prior to the taking effect of this Act.

The Commissioner of Internal Revenue, with the approval of the Secretary of the Treasury, is authorized to prescribe suitable rules and regulations for ascertaining or determining the horsepower of automobiles subject to this tax.

The Secretary of the Treasury is authorized to prescribe rules and regulations for the exportation of such automobiles without payment of the tax imposed in this section, and when such tax shall have been paid upon exported automobiles the same shall be refunded to the exporter, under rules and regulations to be prescribed by the Secretary of the Treasury.

SPECIAL TAXES.

SEC. 4. That

special taxes shall be, and hereby are, imposed annually as follows, that is to say:

pay

$2

each $1,000 of

each $1,000 of used or employed,

capital

pay fifty dollars; when using or employing a capital exceeding used or employed, twenty-five thousand dollars, for every additional thousand dollars in excess of twenty-five thousand dollars, two dollars,

LAW OF 1898.

The amount of such annual tax shall in all cases be computed on the basis of the capital

and surplus

for the preceding fiscal year. Every person, firm, or company, and every incorporated or other bank, having a place of business where credits are opened by the deposit or collection of money or currency, subject to be paid or remitted upon draft, check, or order, or where money is advanced or loaned on stocks, bonds, bullion, bills of exchange, or promissory notes, or where stocks, bonds, bullion, bills of exchange, or promissory notes are received for discount or sale, shall be a banker under this Act: Provided, That any

savings bank having no capital stock, and whose business is confined to receiving deposits and loaning or investing the same for the benefit of its depositors, and which does no other business of banking, shall not be subject to this tax.

Two. Brokers shall pay fifty dollars.

Every person, firm, or company, whose business it is to negotiate purchases or sales of stocks, bonds, exchange, bullion, coined money, bank notes, promissory notes, or other securities, for themselves or others, shall be regarded as a broker: Provided, That any person having paid the special tax as a banker shall not be required to pay the special tax as a broker. Three. Pawnbrokers shall pay twenty dollars.

Every person, firm, or company whose business or occupation it is to take or receive, by way of pledge, pawn, or exchange, any goods, wares, or merchandise, or any kind of personal property whatever, as security for the repayment of money loaned thereon, shall be deemed a pawnbroker.

Four. Commercial brokers shall pay twenty dollars. Every person, firm or company w ose business it is as a broker to negotiate sales or purchases of goods, wares, produce, or merchandise, or to negotiate freights

S D-63-2-vol 25-29

PASSED HOUSE.

The

amount of such annual tax shall in all cases be computed on the basis of the capital,

surplus, and undivided profits

for the preceding fiscal year. Every person, firm, or company, and every incorporated or other bank, having a place of business where credits are opened by the deposit or collection of money or currency, subject to be paid or remitted upon draft, check, or order, or where money is advanced or loaned on stocks, bonds bullion, bills of exchange, or promissory notes, or where stocks, bonds, bullion, bills of exchange, or promissory notes are received for discount or sale, shall be a banker under this Act: Provided, That any

savings bank having no capital stock, and whose business is confined to receiving deposits and loaning or investing the same for the benefit of its depositors, and which does no other business of banking, shall not be subject to this tax.

Second. Brokers shall pay $50.

Every person, firm, or company, whose business it is to negotiate purchases or sales of stocks, bonds, exchange, bullion, coined money, banknotes, promissory notes, or other securities, for themselves or others, shall be regarded as a broker: Provided, That any person having paid the special tax as a banker shall not be required to pay the special tax as a broker. Third. Pawnbrokers shall pay $20.

Every person, firm, or company whose business or occupation it is to take or receive, by way of pledge, pawn, or exchange, any goods, wares, or merchandise, or any kind of personal property whatever, as security for the repayment of money loaned thereon, shall be deemed a pawnbroker.

Fourth. Commercial brokers shall pay $20. Every person, firm, or company whose business it is as a broker to negotiate sales or purchases of goods, wares, produce, or merchandise, or to negotiate freights

REPORTED TO SENATE.

The

amount of such annual tax shall in all cases be computed on the basis of the capital,

surplus, and undivided profits for the preceding fiscal year. Every person, firm, or company, or company, and every incorporated or other bank, having a place of business where credits are opened by the deposit or collection of money or currency, subject to be paid or remitted upon draft, check, or order, or where money is advanced or loaned on stocks, bonds, bullion, bills of exchange, or promissory notes, or where stocks, bonds, bullion, bills of exchange, or promissory notes are received for discount or sale, shall be a banker under this Act: Provided, That any

postal savings banks; and

savings bank having no capital stock, and whose business is confined to receiving deposits and loaning or investing the same for the benefit of its depositors, and which does no other business of banking, shall not be subject to this tax.

Third. Pawnbrokers shall pay $50.

Every person, firm, or company whose business or occupation it is to take or receive, by way of pledge, pawn, or exchange, any goods, wares, or merchandise, or any kind of personal property whatever, as security for the repayment of money loaned thereon, shall be deemed a pawnbroker.

Fourth. Commercial brokers shall pay $20. Every person, firm, or company whose business it is as a broker to negotiate sales or purchases of goods, wares, produce, or merchandise, or to negotiate freights

LAW OF 1898.

and other business for the owners of vessels, or for the shippers or consignors or consignees of freight carried by vessels, shall be regarded as a commercial broker under this Act.

Five. Custom-house brokers shall

pay ten dollars. Every person, firm, or company whose occupation it is, as the agent of others, to arrange entries and other customhouse papers, or transact business at any port of entry relating to the importation or exportation of goods, wares, or merchandise, shall be regarded as a custom-house broker.

Six. Proprietors of theaters, museums, and concert halls

in cities having more than twenty-five thousand population as shown by the last preceding United States census, shall pay pay one hundred dollars.

PASSED HOUSE.

and other business for the owners of vessels, or for the shippers or consignors or consignees of freight carried by vessels, shall be regarded as a commercial broker under this Act. Fifth. Custom-house brokers shall pay $10. Every person, firm, or company whose occupation it is, as the agent of others, to arrange entries and other customhouse papers, or transact business at any port of entry relating to the importation or exportation of goods, wares, or merchandise, shall be regarded as a custom-house broker.

Sixth. Proprietors of theaters, museums, and concert halls

REPORTED TO SENATE.

and other business for the owners of vessels, or for the shippers or consignors or consignees of freight carried by vessels, shall be regarded as a commercial broker under this Act. Fifth. Custom-house brokers shall pay $10. Every person firm, or company whose occupation it is, as the agent of others, to arrange entries and other customhouse papers, or transact business at any port of entry relating to the importation or exportation of goods, wares, or merchandise, shall be regarded as a custom-house broker.

Sixth. Proprietors of theaters, museums, and concert halls

where a

charge for admission is made, having a seating capacity of not more than three hundred, shall pay $25; having a seating capacity of more than three hundred and not exceeding six hundred, shall pay $50; having a seating capacity exceeding six hundred and not exceeding one thousand, shall pay $75; having a seating capacity of more than one thousand, shall pay $100.

Every edifice used for the purpose of dramatic or operatic or other representations, plays, or performances, for admission to which entrance money is received, not including halls rented or used occasionally for concerts or theatrical representations, shall be regarded as a theater: Provided, That whenever any such edifice is under lease

this Act takes effect,

when

the tax shall be paid by the lessee, unless otherwise stipulated between the parties to said lease.

Seventh. The proprietor or proprietors of circuses shall pay $100. Every building, space, tent, or area where feats of horsemanship or acrobatic sports or theatrical performances

not otherwise provided for in this Act