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......•' EX OI'PICIO MI!MBIIRS W, P, G. HARDING, GOVERNOR ALBERT STRAUSS, VICI OOOVIRNOR ADOLP~ C. MILLEtt CHARLES S. HAll LIN HENRY A. MOEHLENPAH DAVID F. HOUSTON SICRITARY OF THE TREASURY CHAIR II AN FEDERAL RESERVE BOARD JOHN SKELTON WILLIAMS COIIPTROLLER OF THE CURRIHCY W. T.CHAPMAN, SECRETARY II. S. EMERSON, ASSISTANT SECRITARY ADDRESS REPLY TO WASHINGTON FEDERAL RESERVE BOARD W. II.IIILAY, PliCAL A81NT .\. July 15,1920. X-1978 Subject: 'l'<:~.x Exemptions on Telegraph and Telephone Service. Dear Sir:- • There. are enclosed herewith 300 blJ.llk forms (which hJ.ve been ~ppr.oved by the Commissioner of Internal Reverue) fQr use by Federal Reserve B~r~s in claiming exemption, under the provisions of Section 7 of the Federal Reserve Act, from Federil t~x imposed upon telegraph :tnd telephone service by Section 500 of the R0venue Act of 1918, These forms, ·:.rhen properly filled out, ·Ifill entitle your Bank to exemption from th~ Federal tax on all telebraph ~nd telephone service rendered to it, including leased wire telegraph and telephone service, indivi.dua.l t.elegraph and long distance telephone messages, and local tel.ephone service, providing, of course, that the ch~rges h~ve been incurred in the·performance of the official du~ies of your B:::.nk and ~re to be paid by it. It is subsested that preparatory to the use of these forms your Bank advise the tele~ph ~nd telephone companies \fhich :1.re under contract to render telegraph or telephona services to it that in the future these forma will be used in cl::Liming exemption from the tax on telegraph J.nd telephone services, md request that .men bills :1r~ rendered to cover the chs.rge for these services~ the 'lmount of the charge and the l.mount of the tax be itemized separately so that the certificate form may be properly executed .. Very truly yours, Enclosure. Assistant Secretary. To Governors of 311 F.R ., Banks ..
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