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Page 14
SHOWMEN'S T R A JJ E REVIEW
December 23, 1939
SHOWMEN'S TRADE REVIEW-1 940 TAX CALENDAR
The tax burden has fallen more heavily each year on everyone and most especially on theatres. Whenever a legislature assembles and seeks new means of raising funds, it casts its first glances upon the theatre. Admission and sales taxes apply in more than half the states. In many states, if you purchase any article outside of the state and bring it into the state for use therein, payment of a use tax is required. Income taxes apply m nearly every state and in addition many of them have personal property taxes Every state is now required to levy unemployment insurance taxes and the Federal government does so in addition. Old Age Benefit taxes are required in some states to foot the bills for the state's pension to its oldsters. This, of course, is in addition to the Federal taxes for the same purpose. Property taxes on both real and personal property are included and a careful study will show that the theatre is paying more than Its share of the load m practically every state.
With all of this tremendous number of taxes and the addition of the annual license fees and special fees assessed in many cities for marquee signs, projection booths, etc., many circuits maintain large departments whose sole duty is to see that these various obligations to Federal, state and local governments are fulfilled on time. Practically all of them carry a penalty for late filing of returns and delinquency m payment of taxes.
In order to avoid this and to aid the smaller circuits and one-theatre exhibitors, STR publishes the comprehensive calendar which appears on the following 12 pages. Nothing like it has ever before been attempted for the industry. It is as complete as it is humanly possible to make it. Directions for its use appear in the adjoining column.
STR acknowledges with grateful appreciation the efforts of Charles Hecht, accountant and tax consultant of New York City, who compiled this calendar. Any questions you may have to ask in connection with it may be addressed to Charles Hecht, C.P.A., in care of Showmen's Trade Review.
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1. This calendar will save headaches and money. It has been prepared to save you costly errors due to delinquent returns.
2. Federal returns, applicable to every state in the union are shown in red.
3. Refer to the calendar one month in advance to insure proper filing of returns.
4. Check in advance the tax returns which are required of you. Double check when the return is filed and/or the tax paid.
5. Pay all taxes by check. It acts as your receipt.
6. Keep a duplicate of each return you file.
7. The data contained in this calendar is subject to change due to amendments in the laws made subsequent to its preparation.
8. This calendar does not contain local, municipal or county taxes, unless they are statewide.
9. When a due date falls on a Sunday or holida y it has been set ahead in the Calendar except for Federal taxes and those states with specific rulings on the question.