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Domestic News
June 29, 1948
The Daily Alaska Empire
Juneau, Juneau County, Alaska
What is this article about?
Alaska's 1% Veterans Sales Tax, enacted in 1946 for veteran loans and bonuses, expires tomorrow after collecting $3,250,000 in April. Businessmen have 30 days to remit funds.
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ONE PERCENT TAX FOR VETERANS TO EXPIRE TOMORROW
Tomorrow is the last day that Alaskans will pay the one percent Veterans Sales Tax which was enacted by the 1946 Territorial Legislature to build up a fund for loans and bonuses to Alaska resident veterans.
The law prescribed that collection of the tax would cease at the end of the quarter in which $3,250,000 has been collected. This amount was reached in April and tax collections will cease at midnight tomorrow.
Businessmen have thirty days in which to remit the tax to the Territorial Department of Taxation, according to Norman E. Sommers, Deputy Tax Commissioner.
Tomorrow is the last day that Alaskans will pay the one percent Veterans Sales Tax which was enacted by the 1946 Territorial Legislature to build up a fund for loans and bonuses to Alaska resident veterans.
The law prescribed that collection of the tax would cease at the end of the quarter in which $3,250,000 has been collected. This amount was reached in April and tax collections will cease at midnight tomorrow.
Businessmen have thirty days in which to remit the tax to the Territorial Department of Taxation, according to Norman E. Sommers, Deputy Tax Commissioner.
What sub-type of article is it?
Economic
What keywords are associated?
Veterans Sales Tax
Alaska Tax Expiration
Territorial Legislature
What entities or persons were involved?
Norman E. Sommers
Where did it happen?
Alaska
Domestic News Details
Primary Location
Alaska
Event Date
Tomorrow
Key Persons
Norman E. Sommers
Outcome
tax collections will cease at midnight tomorrow after reaching $3,250,000 in april; businessmen have thirty days to remit the tax
Event Details
The one percent Veterans Sales Tax, enacted by the 1946 Territorial Legislature to build a fund for loans and bonuses to Alaska resident veterans, will expire tomorrow as the collection amount has been met