A LITTLE INFORMATION OF THE SALES TAX
From Walter E. Walsh, OFA ne received
the follov/ing' information: ••
If rdnts are taxable under Alaska Veteran;
Bill, the tax cannot be added to the
ceiling rent and collected from the ten
ant; vrhether it is stated separately or
not, Earl P, McCarron, rent Director
stated in an official ruling of the office
of Price Administration explaining the
regulations governing rents. The rent
director pointed out that any type of
payment made by a tenant to a Landlord in
connection or it h the use and occupancy of
Housing Accomodations, constitutes rent,
"Rents can be adjusted upvard only upon
individual forms order.of the rent
director/* he further explained, TfIn
.cases Y/here taxes and operational costs
have increased unavoidably' sinco the
freezo date, March 1, 1943, rent adjust
ments can bo made provided the net income
is not as much non as it v:as before rent
. control.,f
M.P. Mullanoy, Tax Commissioner has this
to say:
♦♦Although said bill was widely publicized
at the outset of the extraordinary session
as embodying a sales tax, it really turned
out to bo a gross revenue o.r income tax on’
on all business in the Territory of Alaska.
In connection with all of said taxes, the
Act states that' seme are payable by the
retailor, rendorer or services, wholcA
snler or exporter, as the case nay be. ’The
» 1 T r Jill- I I - mmm rnrni+mmmmm -B
tax is to terminate at the end of the . j
quarter during which §3,250,000 has been
collected.
The tax is'payable at the end of each cal
ender quarter. However, companies oper
ating on a fiscal'year basis other than
the calendar year, will be dealt with
quarterly on the basis of their om fisc-' «
year. Companies who keep their books and
pay Federal taxes on an accrual basis wilj *
;bo dealt with on that basis, if they so •
desire, -
The tax is to be‘collected by the Depart
ment .of Taxation, Appropriate forms for
making quarterly tax returns will bo pro
vided bv the Tax Commissioner and will bo
available before the end of the current
quarter.
It must be remembered that the OPA rill
not allor any additions Over ceilings in
excess of 1$. 'Therefore, the tax on sales
under 50tf cannot be passed on and the mer
chant must absorb same in such cases.
Accordingly, sales of 50^ to*$1.49, inclw’
sivo, rould carry the 1 <f tax, and so on
according to the size of the transaction?
CARL & LOU RASMUSSEN RETURN TO YAIIiEY
« •
Mr. and Mrs. Carl Rasmussen returned the
firut part of April after'being hold up by
boat strikes, tidal raves, and snorslides.
Lou is back in' her shop again and busy at
her rork of beautifying the ladies of the
Valley. Mrs. 'Logie Steele is nor' in the
shop rith Lou, You rill like Mrs, Steele
and her rork.
Mrs,#Harold Rice,formerly Alice Bromley,
ras a visitor in Palmer on Thursday of th.
reek.
T
AHCHOPAGE' BUSES LEAVE PAIMER
9:00 A.M. HOTLY 6:00 P.U.
PAD Sill BUSES LEAVE AITCHOPAQIS
9:30 A.M. HOTLY 5:30 P.M.
YASTLLA BUSES
LEAVE PALMSn 12:30 P.M.
LEAVE r00 SILLA 2:30 P.M.
JONESVTLLE SUTTON ESKA RISES
LEAVE PADTSIi DAILY
V:00 A.II. 3:00 P.H,
LEAVE JONESVILLE DAILY
8:00 A.II. 5:00 P.II.
M1TANUSKA VALLEY LINES OFFICES
LOCATED FOUETH & D STREETS
_PHONE IAIN 451_
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X
MATANUSKA
VALLEY LIN
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INC.
CITY AND VALLEY TRANSPORTATION
SYSTEM I