Page:United States Statutes at Large Volume 40 Part 1.djvu/1156

1138 SIXTY-FIFTH CONGRESS. Sess. III. Ch. 18. 1919. STA"' TAXES- each 25 cents or fractional part thereof charged for such transportation, to be paid b the consignor. Et§¤$;;,{?”SP°"°d “¤· No such parcel? or package shall be transported until a stamp or stamps representing the tax due shall have been affixed thereto. r{¤sg==?¢¤_<>¤ prup- 15. On each gohcy of msurance, or certificate, b1nder, covering $a¢ll»¤$»ilE$°§gr£’r‘E note, memoran um, cablegram, letter, or other instrument by “'V“‘°°" S‘“°S· whatever name called whereby insurance is made or renewed u on property within the United States (including rents and profits) agamst peril by sea or on inland waters or in transit on land (including transshipments and storage at termini or way points) or by fire, lightning, tornado, wind-storm, bombardment, mvasion, ins1u·rection or riot, issued to or for or in the name of a domestic corporation or partnership or an individual resident of the United States by any foreign corporation or partnership or any individual not a resident of the United States, when such Bpolicy or other instrument is not ggned rlor countersigffiled by ain lp pier toil agent of tgpn in E tate, erritory, or `strict o the ni tates wit W `c suc _ insurer is authorized to do business, a tax of 3 cents on each dollar, §§,‘{§‘s‘,§;,nmeIBmp,_ or fractional part thereof of the premium charged: Promkied, That poéiges of re-ins1u·ance shall be exempt from the tax imposed by this , su vrsron. Aming °mmp°' Any person to or for whom or in whose name any such policy or other mstrument is issued, or any solicitor or broker acting for or on behalf of such person in the procurement of any such policy or _ other mstrument, sha.ll affix the proper stamps to such policy or P°'“""‘“’“““'°· other instrument, and for failure to afiix such stamps with intent to evade the tax shall, in addition to other penalties provided therefor, pay a Hne of double the amount of the tax. °“"·° “"°‘ "“· TITLE XII.—TAX ON EMPLOYMENT OF CHILD LABOR. prizaiitlislsgf itaiitsiriizgs lr? Sec. 1200. That everg rson (other than a bona fide boys’ or irls’ ‘“§,§,§;““’,§§§f '°f’,°,;,g_ canmng club recognize by the Agricultural Department of a State mgggg P 675 and of the United States) operating (a) any mine or quarry situated ' ’ ' m the United States in which children under the age of sixteen years have been employed or permitted to work dur` any portion of the taxable year ;_or ( ) any mill, cannery, workshopllfactory or manufacturing establishment situated in the United States in which children under the age of fourteen years have been employed or permitted to work, or children between the ages of fourteen and sixteen have been employed or permitted to work more than e` ht hours in any day or more than six days in any week, or after the hour of seven o’clock post meridian, or efore the ho1u· of six o’clock ante meridian, during any dportion of the taxable year, shall pa for each taxable year, m ad rtion to all other taxes imposed by law, an excise tax equivalent to 10 per centum of the entire net profits received or accrued for such year from the sale or disposition of the product of such mine, quarry, mill, cannery, workshop, factory, or manufactur- W t Om méestablishment. mia;]. ir °°°' _ Eq. 1201. That in computing net profits under the provisions of D°d“°“°°-’ °“°“`°d· this title, for the purpose of the tax there shall be allowed as deduG— tions from the gross amount received or accrued for the taxable year gpmUthp (sia;} <;;Sd131po?iti§on of such products manufactured Witlml Wm_ ·e me a eoowmgitemsz §;€m,m;°:§ému_ (al The cost of raw materials entering into the production; (b) Runmnv expenses, including rentals, cost of repairs, and maintenance, heat, power, msurance, management, and a reasonable allowance for salaries or other compensations for personal services actually rendered, and for depreciation;