Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1863-04-30

THE NEW TAX BILL.

HUH Vi tue O0uleGtIaIe OtateS, WDiCn
has passed both branches Of Con-
gress. 1t is substantially the bill
proposed by the Committee Of Con
ference:
1t imposes a tax Of, 8 per cent.
upon the value of all naval stores,
salt, wines, and spirituous liquors,
tobacco manufactured or unmanufac-
tured, cotton, wool, -four, sugar.. mo-
lasses, strip, rice, and other agricul.
tural products, held or owned on the
ist day o! July next, and not neces-
sary for family consumption, for the
unexpired portion of the year 1868 !;
aad of the growth or production Of
any year preceding the year 1868 ;
and tax of l per cent. upon all
monies, bank notes or other currency,
on hand or on deposit on the LIST of
July next, and on the value of all
credits on which the interest has not
been paid, and not employed in a
business, the income from which is
taxed under, the provisions OF this
act I; provided, that all monies owned
held or deposited beyond the limits
Of The Confederate States shall! be
valued at the current rate of ex-
change for Confederate Treasury notes.
The tax 10 be assessed on the lst of
July, and collected on the lst day Of
October next, or as soon thereafter
as may be possible.
Section 5th imposes the following
taxes Tor the year ending the 3lst
of December, 1868, and for each
Iyear thereafter:
Bankers shall pay $500. Auction
GERS, retail dealers, tobaccouists, ped.
oilers, cattle brokers, apothecaries.
photographers and consectioners,
$50, and d per cent. on the gross
amount Of sales made. eer
Wholesale dealers in liquors, 5000
AID 5 per cent. on gross amOnnt OF
sales. Retail dealers in liquors, 500,
and ten per cent. on gross amount OF
sales.
Wholesale dealers iG groceries,
goods, wares, merchandise, etc, $500,
and q per ceutum. &
Pawn brokers, money and ex-
change brokers, 5000. ~
Distillers, $500 and 90 per cent.
Brewers, 500, and q per centum.
Hotels, inns, taverns, and eating
houses, first class, $500; second
class, $500; third class, $500; fourth
class, 500; fifth class, $50. Eve
Try house where food or refreshments
are sold, and every boarding house
where there shall be six boarders or
more, shall be deemed an eating
house under this act.
Commercial brokers or commits.
sion merchants, $500, and 81 per
centum.
Theatres, $500 and S per cent. on
all receipts. Each circus, 500, and
SO fer each exhibition. Jugglers,
and other persons exhibiting shows,
$50.
Bowling alleys and billiard rooms,
$40 for each alley or table registered.
Livery stable keepers, lawyers,
physicians, surgeons and dentists, $50.
Butchers aud bakers, $50, aud i
per centum. e
all persons engaged, or intending
to engage. 10 any business named in
the 9th section, shall, within sixty
days after the passage of the act, or
or at the time of beginning business.
and on the first of January in each
year thereafter, register with the
district collector, true account of
the name and residence OF each per.
son. firm or corporation engaged or
interested In the business, With a
statement of the time for which, and
the place and manner in which the
same is to be conducted, Sc. At the
time Of the registry there shall be
paid the specific tax for the year
ending on the next 3lst of Decem-
Der, and such other tax as may be !
due upon sales or receipts in such
business.
Any person failing to make such
a registry and pay such tax shall,
10 addition to all other taxes upon
bis business imposed by the act, pay
double the amount Of the specific tax
on such business, and like sum Tor
every thirty days Of such failure.
Requires a separate registry and
tax for each business mentioned in
the 5th section, and for each place
Of conducting the same but no lax
for mere storage of goods at any
a