The Southwestern Historical Quarterly, Volume 55, July 1951 - April, 1952 Page: 28
562 p. : ill. (some col.), ports., maps (some col.) ; 23 cm.View a full description of this periodical.
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Southwestern Historical Quarterly
cent addition to existing rates and did not state what the figure
for each rate would be with this addition. The writer has com-
puted the 1950 rates with the i o per cent addition in order to
compare them with the rates of the 1951 act. The following tax
subjects and rates of the 1950 act were left unchanged in the
1951 act: the natural gas production tax of 5.72 per cent of
market value; the tax on the gross receipts of local gas, electric,
and water utilities of .484 per cent, .891 per cent, and 1.66375
per cent, according to population of place of operation; the motor
vehicle retail sales tax of 1.1 per cent; the tax of $1.408 per gal-
lon of distilled spirits; the rates of 11 cents, 22 cents, and 55
cents per gallon of vinous liquors, according to alcoholic con-
tents; the rate of 271/2 cents per gallon of natural sparkling or
carbonated wine; the tax of 161/ cents per gallon of malt liquor
with not over 4 per cent alcohol; the tax on cement of 23/4 cents
per oo pounds; the tax of 2.42 per cent of the gross receipts of
motor carriers; the tax of 2.42 per cent of the gross receipts of
those servicing oil or gas wells; the luxury excises of 2.2 per cent
of the gross receipts from the retail sales of new cosmetics and
new radios. Television sets were added by the 1951 act to this
list of luxury excises. Unchanged also from the terms of the
1950 act were the tax of 3.85 per cent of gross premium receipts
on non-life insurance companies, the tax of 1.1 per cent of the
gross premium receipts of domestic (Texas chartered) life insur-
ance companies, the normal rate of 3.3 per cent of the gross
premium receipts of foreign (non-Texas chartered) life insur-
ance companies, and the lowest rate payable by the foreign com-
panies by reason of their investments in defined Texas and other
securities was left at 1.925 per cent. No change also from the 1950
rates were made in the stock transfer tax of 3.3 cents per share,
and in the rates of 1.65 per cent, 1.925, and 2.5025 per cent of
the gross receipts of telephone companies, according to popula-
tion of place served. The carbon black tax rates also were left
unchanged. Class A product is that produced by the use of less
than 200 cubic feet of gas per pound of carbon black, and it is
taxed at the rate of 1342/12000 of one cent a pound when the
market value is 4 cents a pound or less and at 4.51 per cent of
market value when this value exceeds 4 cents a pound. Class B
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 55, July 1951 - April, 1952, periodical, 1952; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth101139/m1/50/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.