The Van Buren press., 1866-09-21

Extract from Internal Revenue Law.

tax is substituted therefor
! By the provisions of section eighty,
! il becomes the duty Of assessors to reas-
sess any person, firm or company hold
ing license, for any excess Of the special
tax substituted therefor over the license
tax which has been paid, from the first
day of August, 1856, ratably, up to the
lst day of May, 1867.
Under these provisions, persons hav-
ing license, as wholesale dealers in Ii
quor. brewers, distillers, and proprietors
Of gift enterprises, will be liable to re-as.
sessment from the first day of August,
1866, Every wholesale dealer in liquors
for instance, who has paid but $50 for his
license, will be immediately liable to re-
assessment for the nine months ending
May i, 1857, the amount Of re-assess.
ment being S37 50 20
Any person who is engaged in the
manufacture or preparation for sale, Of
any articles or compounds, or who puts
up for sale in packages, with his name or
trade mark thereon. any articles or CON-
pounds, is liable under the new law, to
special tax as a manufacturer.
Wholesale dealers are required, as soon
rs the amount OF their sales within the
year exceeds fifty thousand dollars, to
make monthly return of sales to the as
sistant assessor, and pay the tax on sales
monthly, as other monthly taxes aIe paid
and in estimating the amount Of sales
any sales made by or through another
wholesale dealer need not again be esti.
mated and included as sold by the party
for whom the sale was made. Whole
sale dealers now holding license based
on certain amount Of sales will be liza,
Bile to make monthly returns Of sales as
soon as their sales exceed the amount
named in the license; wholesale dealers
in liquors, as soon as their sales shall
reach an amount which is less than the
basis Of their license by the sum Of thir.
ty-seyen thousand and five hundred dol
lars
The bond required of lottery dealers
is further conditioned by the new law,
that the dealer will pay the tax by law inn
posed on the gross receipts Of his sales,
and the managers of any lottery now or
hereafter existing, can give the bond re-
quired. aoN
Cattle brokers should be assessed on
thAhafs I'll 'rue SAME manner as wholesale
dealers. 'p f
Under the new law every person
(other than one having paid the special
tax as a commercial broker, or wholesale
dealer, or retail dealers or pedler) whose
occupation it is to buy or sell agricultu-
raj Or farm products, and whose annual
sales do not exceed ten thousand dollars,
is to be regarded a produce broker"
The payment OF the special tax Of q
hotel-keeper permits the person SO keep
ing hotel, DC, to furnish the necessary
food for the animals of travellers or so.
journers without the payment of an ad-
ditional special tax as livery stable kee-
per-
Lawyers, who have paid special tax
AS such, are exempted under paragraph
twenty five from paying the special tax
as real estate agents.
II the annual receipts Of an insurance
agent shall not exceed 500, special
tax OF 80 only is imposed under the new
law; and the paragraph relating to insa-
rance brokers' is omitted. No special tax
is imposed by the new law for selling
tickets or contracts Of insurance against
injury to persons while travelling Apoth-
ecarieS who have paid the special tax as
such, are not required by the new law to
pay the tax as retail dealers in liquor in
consequence Of selling or dispensing up.
on physicians prescriptions the wines and
spirits oiicinal in the United States or
other national pharmacopGeias, in quan-
titles not exceeding half pint of either
at one time. not exceeding in aggregate
cost value the sum of three hundred dol
lars per annum.
No special tax is required of com.
mon carrier, by the new law, where the
gross receipts do not exceed the sum Of
one thousand dollars per annum. Dray-
men and tcamsters owning only one draw
or team will not be liable to this tax.
BY proviso to section forty seven of
the act Of July IL, 1866, brewers arc ex
empted from special tax as Wholesale deal.
ers, when selling at Wholesale even at
place other than their brewcries, malt
liquors manufactured by them. .
There is no provision in the new law
for reiunding license taxes where they
exceed the special taxes provided by said
law in respect to the same business.
, No person doing business requiring
payment Of special tax under the new
law should be assessed therefor if he now
holds q license covering a business of tho
same nature, unless the special tax provi.
: ded by said law in respect to the same
. business. uC8
No person doing business requiring
payment OF special tax under the new
law should be assessed therefor ifhe now
holds license covering business Of the
, same nature, unless the special tax pro.
. vided for, exceeds the license tax, in
!, which case the difference Of tax should
y be assessed Immediately. y %, e.o ti.-
An Trisbman on hoard n fvnesnl a.