1 Mill - Public Welfare Tax Token Louisiana

1 Mill - Public Welfare Tax Token (Louisiana) - obverse1 Mill - Public Welfare Tax Token (Louisiana) - reverse

© ken6528

Features

Location United States
Issuing entity The State of Louisiana
Period Federal republic (1776-date)
Type Trade tokens › Taxation token
Years 1938-1941
Value 1 Mill (0.001 USD)
Currency Dollar (1785-date)
Composition Aluminium
Weight 0.8 g
Diameter 22.8 mm
Thickness 1.0 mm
Shape Round with cutouts (Triangular hole)
Technique Milled
Orientation Medal alignment ↑↑
Demonetized 31 March 1941
Number
N#
88359
References US Tax# LA-S3,
Merlin K. Malehorn, Tim Davenport; 1993. United States Sales Tax Tokens and Stamps : A History and Catalog. Jade House Publications, Bryantown, Maryland, United States.
TC# 89075
TokenCatalog.com (http://tokencatalog.com)

Obverse

Lettering around outline of octagon with triangular hole at center.

Script: Latin

Lettering:
PUBLIC WELFARE
TAX
1 ⯃ 1
TOKEN
LOUISIANA

Reverse

Lettering around outline of octagon with triangular hole at center.

Script: Latin

Lettering:
PUBLIC WELFARE
TAX
1 ⯃ 1
TOKEN
LOUISIANA

Edge

Plain

Mint

Osborne Coinage, Cincinnati, Ohio, United States (1835)

Comments

Manufacturer: Osborne Register Company

Size of the triangular hole varies between 4.0 and 6.1mm in length of the sides, as well as in the shape of the corners (rounded or pointed).

Louisiana Tax Tokens were used to collect sales tax of fractions of a cent.
One Mill is 1/10th of a cent.
Five Mills is 1/2 cent.
The first tax tokens issued by the state of Louisiana were in conjunction with the Luxury Tax Act of 1936.
This was a tax of 2% on selected items. Public Welfare Revenue Act of 1938 replaced this Luxury Tax.
It was termed "Luxury Tax" because of the numerous exemptions. Although the law specifically exempted about seventy-five items from the tax, the state released an expanded list of exemptions.
This list included such items as alcoholic beverages, bottle openers, cigars, lawn mowers, maple syrup, and plum pudding. Merchants and consumers claimed it was confusing because it taxed articles as necessities while exempting some classed as luxuries.

https://www.louisiana-trade-tokens.com/taxtokens.html

See also

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Date VG F VF XF AU UNC
ND (1938-1941)  $ 0.60

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

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