iowa revenue stamps

Iowa Revenue Stamps: A Collector’s Delight

Greetings, Readers!

Welcome to our comprehensive guide to the fascinating world of Iowa revenue stamps. Whether you’re a seasoned collector, a curious hobbyist, or simply interested in the history of taxation, this article will provide you with an in-depth exploration of these unique pieces of Iowa’s fiscal past.

As you embark on this journey, you’ll discover the origins of Iowa revenue stamps, their diverse designs, and the stories they tell about Iowa’s economic and political landscape. So, settle back, grab a cup of your favorite beverage, and let’s delve into the captivating world of Iowa revenue stamps!

The Genesis of Iowa Revenue Stamps

Iowa revenue stamps were first introduced in 1862 as a way to raise revenue during the Civil War. Known as "war revenue stamps," these early stamps were primarily affixed to legal documents, such as contracts and deeds. After the war, Iowa continued to use revenue stamps for various purposes, including the taxation of tobacco, playing cards, and other commodities.

A Tapestry of Designs

Iowa revenue stamps showcase a remarkable array of designs, each reflecting the era and purpose for which it was created. From intricate engravings depicting scenes of Iowa’s agricultural heritage to colorful lithographs featuring patriotic symbols, these stamps offer a visual feast for collectors.

Civil War Stamps

Early Iowa revenue stamps, such as the "War Revenue" stamp, featured bold typography and simple designs. These stamps served a purely functional purpose, although some collectors appreciate their historical significance.

Post-War Stamps

After the Civil War, Iowa revenue stamps became more elaborate in design. The "Documentary" stamp, for example, showcased a detailed engraving of the Iowa State Capitol building. Other stamps featured images of Iowa’s natural wonders, such as the Mississippi River and the Loess Hills.

Commemorative Stamps

In addition to regular revenue stamps, Iowa also issued commemorative stamps on special occasions. These stamps often celebrated Iowa’s history, such as the Centennial Stamp of 1888, or recognized important events, such as the World War II Victory Stamp.

Stories in Stamps

Iowa revenue stamps provide a glimpse into Iowa’s economic and political history. The stamps reflect the state’s agricultural roots, its role in the Civil War, and its post-war economic growth. They also tell the story of how Iowa’s tax system has evolved over time.

Iowa Revenue Stamp Varieties

Iowa revenue stamps come in a wide variety of denominations, colors, and designs. Some of the most common varieties include:

  • Documentary stamps: Used on legal documents and contracts
  • Playing card stamps: Affixed to decks of playing cards
  • Tobacco stamps: Attached to tobacco products
  • Beer stamps: Used on containers of beer
  • Proprietary stamps: Applied to patent medicines and other products

Table: Iowa Revenue Stamp Varieties

Stamp Type Purpose Denominations
Documentary Legal documents 1¢, 2¢, 5¢
Playing Card Decks of cards
Tobacco Tobacco products 1¢, 2¢, 5¢, 10¢
Beer Containers of beer 1¢, 2¢, 5¢
Proprietary Patent medicines 1¢, 2¢, 5¢

Collecting Iowa Revenue Stamps

Iowa revenue stamps have become popular collectibles, with collectors drawn to their historical significance, beautiful designs, and diverse varieties. There are several ways to acquire Iowa revenue stamps:

  • Online auctions: Websites like eBay and Stamp Auction Network offer a wide selection of Iowa revenue stamps for sale.
  • Stamp shows: Collectors can attend stamp shows to browse and purchase stamps from dealers and other collectors.
  • Antique stores: Some antique stores may have a selection of Iowa revenue stamps for sale.

Conclusion

Readers, we hope this comprehensive guide has provided you with a newfound appreciation for the fascinating world of Iowa revenue stamps. These stamps are not only valuable collectibles but also offer a unique glimpse into Iowa’s history and culture. If you’re interested in learning more about Iowa revenue stamps, we encourage you to explore the resources below. Happy collecting!

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FAQ about Iowa Revenue Stamps

What are Iowa revenue stamps?

Iowa revenue stamps are small adhesive labels that have been used since 1862 to pay taxes on certain legal documents, such as deeds, contracts, and mortgages.

Why do I need to use revenue stamps?

You are required to use Iowa revenue stamps on certain types of legal documents if the total value of the document exceeds a certain threshold. The current threshold is $500.

Where can I buy Iowa revenue stamps?

Iowa revenue stamps can be purchased from the Iowa Department of Revenue or from authorized vendors, such as banks and post offices.

How do I use Iowa revenue stamps?

After you have purchased the appropriate number of revenue stamps, affix them to the legal document in a conspicuous location. The stamps must be canceled by writing the date and your initials across them.

How much do Iowa revenue stamps cost?

The cost of Iowa revenue stamps varies depending on the value of the document. The current rates are:

  • $5 for documents with a value of $500-$1,000
  • $10 for documents with a value of $1,001-$2,000
  • $15 for documents with a value of $2,001-$3,000
  • $20 for documents with a value of $3,001-$4,000
  • $25 for documents with a value of $4,001-$5,000
  • $50 for documents with a value of $5,001-$10,000
  • $100 for documents with a value of $10,001-$20,000
  • $200 for documents with a value of $20,001-$50,000
  • $500 for documents with a value of $50,001-$100,000
  • $1,000 for documents with a value of over $100,000

What happens if I don’t use the correct amount of revenue stamps?

If you fail to use the correct amount of revenue stamps, your document may be declared invalid and you may be subject to penalties.

What is the penalty for not using Iowa revenue stamps?

The penalty for not using Iowa revenue stamps is a fine of up to $100.

Are there any exemptions to the Iowa revenue stamp requirement?

Yes, there are a few exemptions to the Iowa revenue stamp requirement, including:

  • Documents that are exempt from federal income tax
  • Documents that are filed with the Iowa Secretary of State
  • Documents that are recorded with the Iowa County Recorder

Where can I find more information about Iowa revenue stamps?

You can find more information about Iowa revenue stamps on the website of the Iowa Department of Revenue.