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[Part 1 of 2]
Group B - Taxes occupying an intermediate position between
Groups A and C and which should not be eliminated before
those in Group A
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Tax and legal Measure and
citation basis of tax
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a. Brewer's wort and Sale of brewer's
malt products wort and malt
Sec. 601(c)(2) of products
the Revenue Act by manufacturer,
of 1932 producer or importer
d. Refining or Refining or
processing of crude processing of crude
petroleum petroleum in the
Sec. 605(a)(1) of the United States
Revenue Act of 1934,
as amended
a. Transportation of Transportation of crude
oil by pipe line petroleum and
Sec. 731 of the liquid products thereof
Revenue Act of 1932
d. Producing or Gasoline produced or
recovering gasoline recovered in
from natural gas the United States
Sec. 605(a)(2) of from natural gas
the Revenue Act
of 1934, as amended
d. Sale of crude Refining of crude petroleum
petroleum on the premises where
Sec. 604 of the produced, the removal
Revenue Act of of crude petroleum
1934, as amended therefrom, or any
transfer or other disposition of
crude petroleum
by the producer
a. Crude petroleum, etc. Importation of
Sec. 601(c)(4) of the crude petroleum fuel
Revenue Act of 1932 oil and liquid derivatives
a. Radio sets, Sale or use of chassis,
phonographs, records, cabinets, tubes, reproducing
etc. units, power packs,
Sec. 607 of the phonograph mechanisms, etc.
Revenue Act of by manufacturer, producer or
1932 importer
a. Sporting goods, etc. Sale of sporting goods,
Sec. 609 of the games and parts of games
Revenue Act of 1932 by manufacturer, producer
or importer
b. Automobiles and Sale or lease of
motorcycles automobile chassis
Sec. 606(b) of the and bodies and motorcycles
Revenue Act of 1932
a. Gasoline Sale or use of
Sec. 617 of the gasoline by producer
Revenue Act of or importer
1932, as amended
a. Gasoline, etc. imports Importation of
Sec. 601(c)(4) of the gasoline or other
Revenue Act of 1932 motor fuel
b. Automobile Sale of parts
accessories, etc. and accessories for
Sec. 606(c) of the automobiles, trucks and motorcycles
Revenue Act of 1932 by manufacturer, producer or importer
*** Tires and inner tubes Sale or use of
Sec. 602 of the tires wholly or in
Revenue Act of 1932 part of rubber by
manufacturer,
producer or
importer
Sale or use of inner tubes
(for tires) wholly
or in part of rubber
by manufacturer,
producer or importer
*** Sales of produce Sales, agreements of sale
for future delivery or to sell any products
Schedule A, Title or merchandise at or
VIII of the under rules and usages of
Revenue Act of 1926, any exchange, board of
as amended trade or similar
place for future delivery
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[Part 2 of 2]
Group B - Taxes occupying an intermediate position between
Groups A and C and which should not be eliminated before
those in Group A
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Tax and legal
citation Rate
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a. Brewer's wort and Brewer's wort -- 15
malt products cents per gallon
Sec. 601(c)(2) of Malt products -- 3 cents
the Revenue Act per pound
of 1932
d. Refining or 1/25 of 1 cent per
processing of crude barrel of 42 gallons
petroleum
Sec. 605(a)(1) of the
Revenue Act of 1934,
as amended
a. Transportation of 4% of amount paid
oil by pipe line for transportation
Sec. 731 of the
Revenue Act of 1932
d. Producing or 1/25 of 1 cent per
recovering gasoline barrel of 42 gallons
from natural gas
Sec. 605(a)(2) of
the Revenue Act
of 1934, as amended
d. Sale of crude 1/25 of 1 cent per
petroleum barrel of 42 gallons
Sec. 604 of the
Revenue Act of
1934, as amended
a. Crude petroleum, etc. 1/2 cent per gallon
Sec. 601(c)(4) of the
Revenue Act of 1932
a. Radio sets, 5% of sale price
phonographs, records,
etc.
Sec. 607 of the
Revenue Act of
1932
a. Sporting goods, etc. 10% of sale price
Sec. 609 of the
Revenue Act of 1932
b. Automobiles and 3% of sale price
motorcycles
Sec. 606(b) of the
Revenue Act of 1932
a. Gasoline 1 cent per gallon
Sec. 617 of the
Revenue Act of
1932, as amended
a. Gasoline, etc. imports 2-1/2 cents per gallon
Sec. 601(c)(4) of the
Revenue Act of 1932
b. Automobile 2% of sale price
accessories, etc.
Sec. 606(c) of the
Revenue Act of 1932
*** Tires and inner tubes 2-1/4 cents per pound
Sec. 602 of the
Revenue Act of 1932
4 cents per pound
*** Sales of produce 3 cents on each $100 or
for future delivery fraction thereof
Schedule A, Title
VIII of the
Revenue Act of 1926,
as amended
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FOOTNOTES TO TABLE
Expires on June 30, 1937.
Expires on July 31, 1937.
Important changes in rate or base become effective after June
30, 1937.
Enacted by Revenue Act of 1932 or subsequent acts and is without
expiration date.
Enacted prior to 1932 and is without expiration date.
END OF FOOTNOTES
[Part 1 of 2]
Group C - Taxes weighted against special classes of consumers
and which should not be eliminated before those in Groups A and B
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Tax and legal Measure and
citation basis of tax
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d. Use of safe Use of safe deposit
deposit boxes boxes, that is any vault,
Sec. 741 of the safebox or receptacle of
Revenue Act of 1932 more than 40 cubic
ft. capacity used
for safekeeping or
storage of
valuable property
a. Mechanical refrigerators Sale of mechanical
Sec. 608 of the household type refrigerators
Revenue Act of 1932 and certain components
thereof by manufacturer,
producer or importer
a. Cameras and lenses Sale of cameras
Sec. 611 of the (except serial cameras)
Revenue Act of 1932 weighing not more than
100 pounds, end of
lenses for such cameras by
manufacturer, producer or
importer
e. Club dues, etc. Dues or membership
Sec. 501 of the fees to any social,
Revenue Act of athletic or sporting club or
1926, as amended organization if dues
of an active resident annual
member are in excess
of $25 per year; or, initiation fee
to such organization if such fee is
in excess of $10 or
dues to such organization
are in excess of $25 per year
e. Passage tickets Passage tickets sold or issued
Schedule A, Title in the United States for
VIII of the passage by any vessel
Revenue Act of 1926, to a port or place not in the
as amended United States, Canada, Mexico, or
Cuba
e. Playing cards Playing cards manufactured,
Schedule A, Title imported, sold or removed
VIII of the Revenue for consumption or sale
Act of 1926
a. Chewing gum Sale of chewing gum
Sec. 614 of the Revenue or substitutes by manufacturer,
Act of 1932 producer or importer
a. Articles made of fur Sale of articles
Sec. 604 of the Revenue made of fur on the
Act of 1932, as amended hide or pelt, and articles
of which such fur
is the component material
of chief value
a. Firearms, shells, etc. Sale of firearms, shells
Sec. 610 of the and cartridges by manufacturer,
Revenue Act of 1932 producer, or importer
a. Toilet preparations Sale of perfumes,
(items subject to essences, cosmetics,
10% rate only) pomades, hair dyes, etc.
Sec. 603 of the
Revenue Act of 1932
c. Transfer of capital stock Sales, agreements to
Schedule A, Title sell, memoranda of sales,
VIII of the Revenue transfer of legal title to
Act of 1926, as amended shares, certificates of stock, etc.
a. Transfer of bonds Sales, agreements to
Sec. 724 of the sell, memoranda of sales or
Revenue Act of 1932 deliveries of sale, or
transfers of legal title
to such instruments
a. Conveyances Deed, instrument,
Sec. 725 of the Revenue or writing for
Act of 1932 conveyance of realty
e. Admissions to roof Admission to any public
gardens, etc. performance for profit
Sec. 500(a)(5) of the at any roof garden, cabaret,
Revenue Act of 1926 or similar entertainment to
which the charge for admission
is wholly or in part
included in the price paid
for refreshment, service,
or merchandise
e. Leases of boxes, etc. Permanent use of, or
Sec. 500(a)(4) of the lease for, boxes or seats
Revenue Act of 1926 in places of amusement
e. Pistols and revolvers Sale or lease of
Sec. 600(2) of the pistols or revolvers by
Revenue Act of 1926 manufacturer, producer or
importer
e. Excess admission Sales of tickets of
charges made by admission by proprietors,
proprietors, etc. managers or employees
Sec. 500(a)(3) of of opera houses theatres or
the Revenue Act of 1932 other places of amusement for
amounts in excess of
the regular or established
price therefor
*** Tickets of admission sold Sales of tickets for
at places other than an amount in excess of the
the ticket office of sum of the established price
the theatre, etc. therefor plus the amount of
Sec. 500(a)(2) of the the tax upon the admission charge
Revenue Act of
1932 as amended
*** Transfers of interests Transfers of interests
in silver bullion in silver bullion
Schedule A, Title VIII
of the Revenue Act
of 1926, as amended
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[Part 2 of 2]
Group C - Taxes weighted against special classes of consumers
and which should not be eliminated before those in Groups A and B
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Tax and legal
citation Rate
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d. Use of safe 10% of rental charge
deposit boxes
Sec. 741 of the
Revenue Act of 1932
a. Mechanical refrigerators 5% of sale price
Sec. 608 of the
Revenue Act of 1932
a. Cameras and lenses 10% of sale price
Sec. 611 of the
Revenue Act of 1932
e. Club dues, etc. 10% of amount paid
Sec. 501 of the
Revenue Act of
1926, as amended
e. Passage tickets Tickets costing more
Schedule A, Title than $10 but not exceeding
VIII of the $30---$1 Tickets costing
Revenue Act of 1926, more than $30 but
as amended not exceeding $60---$3
Tickets costing more
than $60---$5
e. Playing cards 10 cents per pack
Schedule A, Title containing not more than
VIII of the Revenue 54 cards
Act of 1926
a. Chewing gum 2% of sale price
Sec. 614 of the Revenue
Act of 1932
a. Articles made of fur 3% of sale price
Sec. 604 of the Revenue
Act of 1932, as amended
a. Firearms, shells, etc. 10% of sale price
Sec. 610 of the
Revenue Act of 1932
a. Toilet preparations 10% of sale price
(items subject to
10% rate only)
Sec. 603 of the
Revenue Act of 1932
c. Transfer of capital stock 4 cents per $100 par
Schedule A, Title or face value or
VIII of the Revenue fraction; or if without
Act of 1926, as amended par or face value 4 cents
per share. However,
if selling price is $20
or over, whether
with or without par or
face value rate is
5 cents instead of 4 cents.
a. Transfer of bonds 4 cents per each $100
Sec. 724 of the or fraction thereof of
Revenue Act of 1932 face value
a. Conveyances Value of property
Sec. 725 of the Revenue conveyed over $100 and
Act of 1932 not over $500--50
cents Each additional
$500 or fraction
thereof--------50 cents
e. Admissions to roof 1-1/2 cents for each 10 cents
gardens, etc. or fraction of admission
Sec. 500(a)(5) of the charge which is deemed to be
Revenue Act of 1926 20% of total paid for
refreshments, service and
merchandise
e. Leases of boxes, etc. 10% of the established
Sec. 500(a)(4) of the price for which similar
Revenue Act of 1926 seat or box is sold for each
performance or exhibition
at which the box or seat
is used or reserved for
the lessee or holder
e. Pistols and revolvers 10% of sale price
Sec. 600(2) of the
Revenue Act of 1926
e. Excess admission 50% of the excess charge
charges made by
proprietors, etc.
Sec. 500(a)(3) of
the Revenue Act of 1932
*** Tickets of admission sold 10% of the excess charge
at places other than
the ticket office of
the theatre, etc.
Sec. 500(a)(2) of the
Revenue Act of
1932 as amended
*** Transfers of interests 50% of the excess of the
in silver bullion price for which the
Schedule A, Title VIII interest is transferred over
of the Revenue Act the sum of the cost of
of 1926, as amended such interest plus
allowed expenses
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FOOTNOTES TO TABLE
Expires on June 30, 1937.
Expires on July 31, 1937.
Important changes in rate or base become effective after June
30, 1937.
Enacted by Revenue Act of 1932 or subsequent acts and is without
expiration date.
Enacted prior to 1932 and is without expiration date.
***: The following regulatory taxes which have not been ranked
should be continued: Narcotics (Harrison Narcotic Law, as amended);
Adulterated butter (Act of May 9, 1902); Process or renovated butter
(Act of May 9, 1902); Mixed flour (Act of June 13, 1898); Filled
cheese (Act of June 6, 1896); Oleomargarine (Act of August 2, 1886 as
amended); White phosphorous matches (Act of April 9, 1912); Cotton
futures (United States Cotton Futures Act, August 11, 1916);
Circulation of State bank notes (Sec. 19 and 20, Act of February 8,
1875 (18 Stat. 311)); Firearms and machine guns (National Firearms
Act as amended).
Similarly, the tax on premiums of foreign insurance policies
(Schedule A, Title VIII of the Revenue Act of 1926) has not been
ranked and should be continued.
END OF FOOTNOTES
FOOTNOTES /1/ Further, under the Revenue Acts of 1924-28 the earned income credit was allowed as a credit against the total normal and surtax; no earned income credit was allowed under the Acts prior to 1924 nor in 1932; and the earned income credit under the Revenue Acts of 1934-36 not only was at a different rate than in the Revenue Acts of 1924-28 but was differently applied--the earned income credit under these Acts was a credit against net income and was allowed for normal tax purposes only. /2/ This tax was added by Section 1, Chapter 40, Statutes of 1935, assented to June 28, 1935. The new tax is applicable to income of the 1934 taxation period and fiscal periods ending therein and of all subsequent periods. - Section 16, Chapter 40, Statutes of 1935. END OF FOOTNOTES |
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