Public Law 843.
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/statutes-at-large/vol-49/public-law-843·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(/us/pl/74/842).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That section Revenue Act of 1932, amendment.Vol. 47, p. 272.[U. S. C., Supp I, p. 183](/us/usc/p183).723
(a)of the Revenue Act of 1932, as amended (U. S. C. 1934, Supp. 1, title 26, sec. 902 (b)), is amended to read as follows: " “Sec. 723.
(a)Subdivision 3 of schedule A of title VIII of the Revenue Act of 1926 is amended to read as follows: " 2030 “3. Capital stock, sales or transfers.Rate of tax on. Capital Stock (and Similar Interests), Sales or Transfers.—On all sales, or agreements to sell, or memoranda of sales or deliveries of, or transfers of legal title to any of the shares or certificates mentioned or described in subdivision 2, or to rights to subscribe for or to receive such shares or certificates, whether made upon or shown by the books of the corporation or other organization, or by any assignment in blank, or by any delivery, or by any paper or agreement or memorandum or other evidence of transfer or sale (whether entitling the holder in any manner to the benefit of such share, certificate, interest, or rights, or not), on each $100 of par or face value or fraction thereof of the certificates of such corporation or other organization (or of the shares where no certificates were issued) 4 cents until July 1, 1937, and Where shares without par value.2 cents thereafter, and where such shares or certificates are without par or face value, the tax shall be 4 cents until July 1, 1937, and 2 cents thereafter, on the transfer or sale or agreement to sell on each share (corporate share, or investment trust or other organization *Provisos*.If selling price $20 or more per share.Deposits as collateral.share as the case may be): *Provided*, That in case the selling price, if any, is $20 or more per share the above rate shall be 5 cents instead of 4 cents until July 1, 1937: *Provided further*, That it is not intended by this title to impose a tax upon an agreement evidencing a deposit of certificates as collateral security for money loaned thereon, which certificates are not actually sold, nor upon the delivery or transfer for such purpose of certificates so deposited Deliveries to brokers, etc.nor upon the return of stock loaned: *Provided further*, That the tax shall not be imposed upon deliveries or transfers to a broker Deliveries by broker to customer for whom stock purchased.Deliveries by broker to registered nominee.or his registered nominee for sale; nor upon deliveries or transfers by a broker or his registered nominee to a customer for whom and upon whose order the broker has purchased same, nor upon deliveries or transfers by a purchasing broker to his registered nominee if the shares or certificates so delivered or transferred are to be held by such nominee for the same purpose as if held by the broker, but such deliveries or transfers shall be accompanied by a certificate Deliveries from fiduciary to nominee, etc.setting forth the facts: *Provided further*, That the tax shall not be imposed upon deliveries or transfers from a fiduciary to a nominee of such fiduciary, or from one nominee of such fiduciary to another, if such shares or certificates continue to be held by such nominee for the same purpose for which they would be held if retained by such fiduciary, or from the nominee to such fiduciary, but such deliveries or transfers shall be accompanied by a Stamps placed upon corporation books.certificate setting forth the facts: *Provided further*, That in case of sale where the evidence of transfer is shown only by the books of the corporation or other organization the stamp shall be placed upon On certificates.such books; and where the change of ownership is by transfer of On bills of sale.the certificate the stamp shall be placed upon the certificate; and in cases of an agreement to sell or where the transfer is by delivery of the certificate assigned in blank there shall be made and delivered by the seller to the buyer a bill or memorandum of such sale, to Details required.which the stamp shall be affixed; and every bill or memorandum of sale or agreement to sell before mentioned shall show the date thereof, the name of the seller, the amount of the sale, and the matter Penalty for sales without stamps.or thing to which it refers. Any person liable to pay the tax as herein provided, or anyone who acts in the matter as agent or broker for such person, who makes any such sale, or who in pursuance of any such sale delivers any certificate or evidence of the sale of any stock, share, interest or right, or bill or memorandum thereof, as herein required, without having the proper stamps affixed thereto, with intent to evade the foregoing provisions, shall be deemed guilty of a misdemeanor, and upon conviction thereof shall 2031pay a fine of not exceeding $1,000, or be, imprisoned not more than six months, or both: *Provided further*, That as used in this section “Registered nominee” defined.the term “registered nominee” shall mean any person registered with the collector of internal revenue in accordance with such rules and regulations as the Commissioner of Internal Revenue with the approval of the Secretary of the Treasury shall prescribe.’”" " Approved, June 29, 1936. To provide for the establishment of a Coast Guard station on Lake Saint Clair, Michigan. 1936-06-29 866 Chapter United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-07 49 Stat. 2031 74 2 public [CHAPTER 866.] AN ACT To provide for the establishment of a Coast Guard station on Lake Saint Clair, Michigan.June 29, 1936.[[H. R. 12494](/us/bill/74/hr/12494).][[Public, No. 843](/us/pl/74/843).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the Secretary Lake Saint Ciair, Mich.Establishment of Coast Guard station on, authorized.of the Treasury is authorized to establish a Coast Guard station on Lake Saint Clair, Michigan, at such point as the Commandant of the Coast Guard may recommend. Approved, June 29, 1936. To liberalize the provisions of Public Law Numbered 484, Seventy-third Congress, to effect uniform provisions in laws administered by the Veterans’ Administration, to extend the Employees’ Compensation Act with limitations to certain World War Veterans and other persons, and for other purposes. 1936-06-29 867 Chapter United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-07 49 Stat. 2031 74 2 public [CHAPTER 867.] AN ACT To liberalize the provisions of Public Law Numbered 484, Seventy-third Congress, to effect uniform provisions in laws administered by the Veterans’ Administration, to extend the Employees’ Compensation Act with limitations to certain World War Veterans and other persons, and for other purposes.June 29, 1936.[[H. R. 12869](/us/bill/74/hr/12869).][
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