Page:United States Statutes at Large Volume 40 Part 1.djvu/1122

 1104 SIXTY-FIFTH CONGRESS. Sess. III. Ch. 18. 1919. msunaxcn mx. 191%,,, P 3,5 assessed, collected, and paid, in lieu of the taxes imposed by section ' _` 504 of the Revenue Act of 1917, the followinig taxes on the issuance §»§,‘§`jI§}€f5,8_ of insurance golicies, including, in the case o (policies issued outside the glplited tate? (except th<§e1 taxable lpn eg spybdivésgm 15 lpf Sche e A of Tit e XI) their e iver wit in the United States y any agent or broker, whether acting for the insurer or the insured; me suqhfalmps to be paid by tajhe insurerph ortbty sgch agent or brlqkpp o · a e insurance: ax equiv en 0 cen s on eac_ _ or fractional part thereof of the amount for which any life is insured gplagigggmgkly or under any poliaciy if insuragpg, plr other inigrunipnt, bfy wgiuatever name monthly ayments. l»l1B S8.ID6 is C 8 I .P7'0'Z7li lliili OH P0 .0188 0I' l 6 II1SUI'8.I1CB D only by apvhich a lllife is  not in exceqs of ?500, issued in the industri or wee y or mont y payment p an 0 insurance the tax shall be 40 per centum of the amount of the first weekly premium or G _ _ { 20 per centum of the amount of the first monthly premium, as the ,,m,§§,f§,¥ge€_m$‘*‘““°° ° 08-99 may be: Promded further, That on policies of groulp life insurance, coveringk groplpsbof ngtt lqss than 25tl]i1vesd1n thtehemploy of tlpisaime person or the ene o persons o er an e employer e ax shall bb equivalent to 4 cents on each $100 of the aggregate, amount for which the group policy is issued and of any net increase in the Combination ma, amount of the_ insurance under such pohpiy: And provided further, 1¤¤a¤¤.¤. wi =w¤id¤¤t That on all policies covering life, health, an accident insurance com- P°hmS` bined in one policy by which a life is insured not in excess of _$500, issued on the mdustrial, or weekly or monthly payment plan of insurance,_the tax shall be 40 per centum of the amount of the Erst weekly premium or 20 per centum of the amount of the first monthly pree"‘“*"°· ‘“”“"" “" ”“`2`§i"i’F as  "Zi“" bits · A t - al i t 1 4. - anne, an, an e msurance: a.x equiv en officen on each dollar or fractional part thereof of the remium charged under each policy of insurance or other instrument gy whatever name the same is called whereby insurance is made or renewed upon property of any description (including rents or profits), whether against C,,S,,,,,,,,_ peril by sea or inland waters, or by fire or lightning, or other peril' (c) Casualty msurance: A tax equivalent to 1 cent on each dollar or fractional part thereof of the prem1um_ charged imder each policy }.~3;3,,,,:i%,;5 gi prcolglggatiqln of tgie rmturetof mlgemngy for_ll%ss,_dam;g§% » · · x e on s an po icies axa e un er su ivision schedule_A of Title_XI) issued or executed or renewed by any person transactincg the business of emdploycfs liability, workmen’s compensa- %:s:.t.:°;* :::.;.;*2;%  0» 1)*;**;** gsis   bcéis _1c_ spr · er au omo e or o er ranc o _- p,·,w;,0_. surance (except life insurancefand insurande described and taxed H1 ,C}£f*¤¤*¤¤*· ¤t¤·· 1>¤*· the precedpig su}pd1v1sion); {’rwided1,1That in case of policies oii lI1$U}f‘ ance issue on the industria or wee · y or monthly payment p an_t o tax shall be 40 per centum of the amount of the iirst weekly premium or 20 per qpntum of the amount of the first monthly premium, as the umm mi. 0856 may _ {B; _ ·*”’°»g·f°Ii%· (id) Egoliciesfissued by any lqypration enuinierated in section 23% an po cies 0 reinsurance, s e exempt rom the taxes impose · by this section R ¤ b _. E um ymsmm _ Sec. 50;. That every_person issuing policies of insurance upon the iziiazllgouzdglhgcililp taxdis iiipqsed by section EO? Sl1?§ltlg1&k81Ill1O;ltb—})y£ _ _ _ _ in up caean paysuc ax eco ecor comms. tht? d1$€}'1<?@ H1 wlmih the principal office or place of business of such persondis licatedi tSuch retéurns shall!] contain such infprmation and e ma e a suc imes an in suc manner as the ommissioner m,.m,,¤,,m_ with the ap§roval_of the Secretary, may by regulation prescribéi The tax s all, without messment by the Commissioner or notice
 * 5$EHi°§lm`}° AI§,`]li°ii€ Sec. 503. That from and after _April 1, 1919, there shall be levied,