corporation, State bank, or State banking association, or of any town, city, or municipal corporation, used for circulation and paid out by them. [SEC. 3413 c.] Sec. 21, act of February 8, 1875, as amended Return of amounts and payment of tax. ment of taxes on * Banks' and bankers' monthly returns. by Sec. 1, act of March 3, 1883 (22 Stat. 488). That the amount of such circulating notes, and of the tax due thereon, shall be returned, and the tax paid at the same time, and in the same manner, and with like penalties for failure to return and pay the same, as provided by law for the return and pay* circulation, imposed by the existing provisions of internal revenue law. SEC. 3414, as amended by Sec. 1, act March 3, 1883 (22 Stat. 488). A true and complete return of the monthly amount of circulation * * as aforesaid, and of the monthly amount of notes of persons, town, city, or municipal corporation, State banks, or State banking associations paid out as aforesaid for the previous six months, shall be made and rendered in duplicate on the first day of December and the first day of June, by each of such banks, associations, corporations, companies, or persons, with a declaration annexed thereto, under the oath of such person, or of the president or cashier of such bank, association, corporation, or company, in such form and manner as may be prescribed by the Commissioner of Internal Revenue, that the same contains a true and faithful statement of the amounts subject to tax, as aforesaid; and one copy shall be transmitted to the collector of the district in which any such bank, association, corporation, or company is situated, or in which such person has his place of business, and one copy to the Commissioner of Internal Revenue. In default of missioner to SEC. 3415, as amended by Sec. 1, act March 3, 1883 (22 Stat. 488). In default of the returns provided in the preceding section, the amount of cir- return, comculation *** and notes of persons, town, estimate, etc. city, and municipal corporations, State banks, and State banking associations paid out, as aforesaid, shall be estimated by the Commissioner of Internal Revenue, upon the best information he can obtain. And for any refusal or neglect to make return and payment, any such bank, association, corporation, company, or person so in default shall pay a penalty of two hundred dollars, besides the additional penalty and forfeitures provided in other cases. The additional penalties referred to are given in Sec. 3176. State banks converted into national banks; re made. SEC. 3416. Whenever any State bank or banking association has been converted into a national banking association, and such national banking association has assumed the liabilities of turns, how such State bank or banking association, including the redemption of its bills, by any agreement or understanding whatever with the representatives of such State bank or banking association, such national banking association shall be held to make the required return and payment on the circulation outstanding, so long as such circulation shall exceed five per centum of the capital before such conversion of such State bank or banking association. This section is practically obsolete. SEC. 3417, as amended by Sec. 1, act March 3, 1883 (22 Stat. 488), and act February 18, 1875 (18 Stat. 319.) The provisions of this chapter, relating to the tax circulation of banks, and to on the ** Certain provichapter not to tional banks. sions of this apply to na Act Feb. 18, 1875. their returns, except as contained in sections thirty-four hundred and eleven, thirty-four hundred and twelve, thirty-four hundred and thirteen, and thirty-four hundred and sixteen, and such parts of sections thirty-four hundred and fourteen and thirty-four hundred and fifteen as relate to the tax of ten per centum on certain notes, shall not apply to associations which are taxed under and by virtue of title" National Banks." Secs. 3413 a, 3413 b, and 3413 c are not embraced in this exception, because they are, in fact, Secs. 19, 20, and 21 of the act of February 8, 1875. Sec. 3418. Repealed. 3419. Repealed. 3420. Repealed. CHAPTER NINE. STAMP TAXES ON SPECIFIC OBJECTS. 3421. Unstamped checks not admitted in evidence. 3422. Affixing stamps to unstamped Sec. 3432. Obsolete. 3433. Articles intended for exportation to be manufactured in bonded warehouses. [3433 a.] Withdrawal of spirits by manufacturer. instruments, and recording [3433 b.] Allowance for loss or leak the same. age. 3423. Cancellation of stamps; penalty. | [3433 c.] Bonded manufacturing ware3424. Obsolete. 3425. Obsolete. 3426. Redemption of stamps, etc. stamps. [3426 b.] Limitations of time for presentation of stamps. 3427. Obsolete. 3428. Obsolete. 3429. Substantially reenacted by Sec. 42, act August 28, 1894, which see, under “Playing-Cards." 3430. Obsolete. 3431. Obsolete. SECS. 3418, 3419, 3420. of March 3, 1883, which repealed the stamp tax on bank checks and articles in Schedule A.] Unstamped admitted in evidence. SEC. 3421. No bank check, draft, or order, required by law to be stamped, which is issued without being duly stamped, nor any copy thereof, checks not shall be admitted or used in evidence in any court until a legal stamp, denoting the amount of tax, is affixed thereto, as prescribed by law. And it shall not be lawful to record any instrument, document, or 1875. their returns, except as contained in sections thirty-four hundred and eleven, thirty-four hundred Act Feb. 18, and twelve, thirty-four hundred and thirteen, and thirty-four hundred and sixteen, and such parts of sections thirty-four hundred and fourteen and thirty-four hundred and fifteen as relate to the tax of ten per centum on certain notes, shall not apply to associations which are taxed under and by virtue of title "National Banks." Secs. 3413 a, 3413 b, and 3413 c are not embraced in this exception, because they are, in fact, Secs. 19, 20, and 21 of the act of February 8, 1875. |