72d CONGRESS . SESS. I. CH. 209 . JUNE 6,1932 .
275 (c) Subdivision 9of Schedule A of T itle VIII of the Rev enu e MISCELLANEOUS TAXES Act of 1926, added to such schedule by subsection (a) of this section, Repea l effecti ve July is repealed effective July 1, 1934 .
1' '934. SEC 725. STA MP TAX ON CONVEYANCES . Schedule A of Title VIII of the Revenue Act of 1926 is amended c onveyances . by adding at the end thereof a new subdivision to read,as follows : Vol .44,p . 103. " 8. Conveyances : Deed, instrument, or writing, delivered on or Rates. after the 15th day after the date of the enactment of the Revenue Act of 1932 and before July 1, 1934 (unless deposited in escrow before April 1, 1932), whereby any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons by his, her, or their direction, when the consideration or v al u e of the interes t or pro perty co nveyed, exclusiv e of the value of any lien or encumbrance remaining thereon at the time of sale, exceeds $100 and does not exceed $500 50 cents ; and for each addi- tional $500 or fractional part thereof, 50 cents . This subdivision shall not apply to any instrument or writing given to secure a debt ." SEC. 726. STAMP TAX ON' . SALES OF PRODU CE FOR FU TURE sales of pr odu ce for DELIVERY .
future delivery . (a) Subd ivis ion 4of Schedule A of Title VIII of the Revenue vol . 44, p. 102. Act of 1926 is amended by striking out " 1 cent " wherever appearing Rate. in such subdivision, and inserting in lieu thereof "5 cents". (b) Sub section ( a) shall take ef fect on the fift eenth da y after the Effective da te . date of the enactment of this Act . (c) Effective July 1, 1934, such subdivision 4, as amended by Exemption effective subsect ion (a) of this s ection, is amend ed by st riking o ut " 5 cents ' Ju ly 1, 1934 . wherever appearing in such subdivision and inserting in lieu thereof "1 cent". Part IV-Tax on Transportation of Oil by Pipe Line SEC. 731 . TAX ON TRANSPORTATION OF OIL BY PIPE LINE .
Trans portation of oil (a) Ther e is her eby imp osed upon all transportation of crud e b Effectf elate . petroleum and liquid products thereof by pipe line originating on or after the fifteenth day after the date of the enactment of this Act and before July 1, 1934- (1 ) A tax equivalent to 4 per centum of the amount paid on Rate. or after t he fifte enth clay after t he date of the e nactment of this Act for such transportation, to be paid by the person furnishing Payment . such transportation . (2) In case no charge for transportation is made, either by o If no transportation reason of ownership of the commodity transported or for any other reason, a tax equivalent to 4 per centum of the fair charge for such transportation, to be paid by the person furnishing such transportation. (3) If (other than in the case of an arm's length transaction) if tr ansportati on cost the payment for transportation is less than the fair charge there- less th en fair charge. for, a tax equivalent to 4 per centum of such fair charge, to be paid by the person furnishing such transportation . ( b) For t he purpo ses of t his sect ion, the fair cha rge for transpor - c has p utat ion of f air t ation shall be computed- 1) from actual bona fide rates or tariffs, or (2) if no such rates or tariffs exist, then on the basis of the actual bona fide rates or tariffs of other pipe lines for like services, as determined by the Commissioner, or
