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Title: Special Revenue Assessments
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Important to Persons Changing Business Frms.

The Commissioner of Internal Revenue has addressed the following letter to the editor of the Revenue Record, upon the subject of changes in business firms, and the liability to reassessment for the special tax:

Sir:- On account of the frequent inquiries made in regard to liability to special tax upon change of firm, you are requested to publish the ruling of this office upon the subject as follow: "Every change of firm whereby a former partner retires from the same, or a new partner is admitted, constitutes, in contemplation of law, a new firm, liable to a new special tax for the unexpired portian of the year for which the same has been paid by the original firm, which should be assessed from the first day of the month in which the change occurs.

There is no provision in law by which a person retiring from business during the year for which he has paid his tax, can transfer his receipt to the person succeeding him.

In the case of maunfacturers, dealers, apothecaries, confectioners, butchers, keppers of cating houses, hotels, inns or taverns, who have paid special tax as such, if, at the time of change of firm, the sales, products, or gross receipts, as the case may be, have not exceeded $1,000, the special tax will be refunded upon application made in proper form.

If the tax paid is that of wholesale dealer, and at the time of the change that sales did not exceed $25,000, forty or fifty dollars will be refunded, according to whether the sales exceed $1,000 or not. (8 record 110)
Very Respectfully, J.W. Douglas

Date: 9/16/1869
Origin: Warren Republican
Author:
Record ID: 00001701
Type: Periodical
Source Archive: Warren County Historical Society
Date Entered: 8/10/2001
Collection: Clippings Scrapbook
Entered By: Amber M Knipe

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