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business is prohibited by local or municipal law, in
addition to all other taxes.

$1,000

SPECIAL TOBACCO MANUFACTURERS' TAX

Title X, Section 1002, Revenue Act, 1921 PT Manufacturers of tobacco, cigars and cigarettes must pay on July 1 of each year special taxes computed on the basis of sales for the preceding year ending June 30. In computing the amount of annual sales, no account need be taken of tobacco, cigars or cigarettes sold for export and exported.

$ 9

Rates of Tax.
Tobacco

Tax
Where annual sales do not exceed 50,000 pounds.
Where annual sales exceed 50,000 pounds but not 100,000
pounds.

12 Where annual sales exceed 100,000 pounds but not 200,000 pounds..

24 Where annual sales exceed 200,000 pounds.

24 An additional tax of 16 cents per 1,000 pounds or fraction

thereof is imposed on all quantities over 200,000 pounds.

Cigars
Where annual sales do not exceed 50,000 cigars..

4 Where annual sales exceed 50,000 but not 100,000 cigars. . 6 Where annual sales exceed 100,000 but not 200,000 cigars.. 12 Where annual sales exceed 200,000 but not 400,000 cigars.. 24 Where the annual sales exceed 400,000 cigars, a tax of $24 is

imposed. In addition, a tax of 10 cents per 1,000 or fraction thereof is imposed on all quantities over 400,000.

Cigarettes
On cigarettes, including small cigars weighing not more than

three pounds per 1,000, at the rate of 6 cents for every
10,000 or fraction thereof.

SPECIAL TAX ON USE OF BOATS

Title X, Section 1003, Revenue Act, 1921 At the time of the original purchase of a new boat by a user, and annually thereafter on July 1, a tax is levied on the use of yachts, pleasure boats, power boats, sailing boats and motor boats with fixed engines of over five net tons and more than 32 feet in length, not used exclusively for trade, fishing or national defense, or not built according to plans and specifications approved by the Navy Department. The rates of this tax are: Where the over-all length is: Over 32 feet and not over 50 feet..

$1 per foot Over 50 feet and not over 100 feet. Over 100 feet...

4 per foot

2 per foot

TAX ON NARCOTICS

Title X, Sections 1005-1007, Revenue Act, 1921 Opium or Coca Leaves and Derivatives.

Every person who imports, manufactures, compounds, sells, deals in, dispenses or gives away opium or coca leaves or any of their derivatives, must first be registered with the Collector of Internal Revenue for his district, and must renew his registration on or before July 1 of each year. Such persons are taxed at the following rates: Importers, manufacturers, producers pounders...

$24 a year Wholesale dealers ..

12 a year Retail dealers...

6 a year Physicians, dentists, veterinary surgeons and other

practitioners authorized to distribute or adminis-
ter any of these drugs in the course of their
practice.

3 a year

or

com

Sales of Opium, Coca Leaves and Derivatives.

In addition to any import duty, a tax of one cent an ounce or fraction thereof is levied on all sales of these drugs.

TAX ON EMPLOYMENT OF CHILD LABOR

Title XII, Sections 1200-1207, Revenue Act, 1921 The Supreme Court of the United States in an opinion delivered May 15, 1922, in the case of J. W. Bailey, Collector of Internal Revenue for the District of North Carolina, Plaintiff in Error, vs. The Drexel Furniture Company, held that a Federal tax on the employment of child labor was unconstitutional.

THE REVENUE ACT OF 1921

REVENUE ACT OF 1921.

[PUBLIC—No. 98—67TH CONGRESS.]

[H. R. 8245.]

An Act To reduce and equalize taxation, to provide revenue, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

TITLE I.-GENERAL DEFINITIONS SECTION 1. That this Act may be cited as the “Revenue Act of 1921.” * Sec. 2. That when used in this Act,

(1) The term “person” includes partnerships and corporations, as well as individuals;

(2) The term “corporation” includes associations, joint-stock companies, and insurance companies;

(3) The term “domestic” when applied to a corporation or partnership means created or organized in the United States;

(4) The term “foreign” when applied to a corporation or partnership means created or organized outside the United States;

(5) The term “United States” when used in a geographical sense includes only the States, the Territories of Alaska and Hawaii, and the District of Columbia;

(6) The term “Secretary” means the Secretary of the Treasury; (7) The term “Commissioner” means the Commissioner of Internal Revenue; (8) The term "collector" means collector of internal revenue;

(9) The term “taxpayer" includes any person, trust or estate subject to a tax imposed by this Act;

(10) The term “military or naval forces of the United States” includes the Marine Corps, the Coast Guard, the Army Nurse Corps, Female, and the Navy Nurse Corps, Female, but this shall not be deemed to exclude other units otherwise included within such terms; and

(11) The term “Government contract” means (a) a contract made with the United States, or with any department, bureau, officer, commission, board, or agency, under the United States and acting in its behalf, or with any agency controlled by any of the above if the contract is for the benefit of the United States, or (b) a subcontract made with a contractor performing such a contract if the products or services to be furnished under the subcontract are for the benefit of the United States. The term “Government contract or contracts made between April 6, 1917, and November 11, 1918, both dates inclusive” when applied to a contract of the kind referred to in clause (a) of this subdivision, includes all such contracts which, although entered into during such period, were originally not enforceable, but which have been or may become enforceable by reason of subsequent validation in pursuance of law.

TITLE II.-INCOME TAX
PART 1.-GENERAL PROVISIONS

a

DEFINITIONS

SEC. 200. That when used in this title

(1) The term “taxable year” means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which the net income is computed * Amended, see page 98.

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