Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-07-14
THE INTERNAL REVENUE TAX

BILL.
The Senate Finance Committee have
reported the Internal Revenue Tax bill to
the Senate, and have recommended many
amendments. Among the more important
amendments recommended are the follow
ing: That the cotton tax be W cents a
pound; that the Revenue Assessors may
correct their tax bills at any time within
two years; that gas companies can add
the Government tax to their consumers
bills |; that wine made Of grapes shall be
free; boot and shoemakers, on customer
work only, who produce less than $4,000
a year. free; manufacturers of clothing,
gloves, mittens, moccasins, caps, felt hats,
and all other articles of dress, shall pay
two per cent. aa ralorsm: provided, that
manufacturers whose profits are less than
$4,000 a year, and milliners and dress.
makers making clothes for women and
children. shall DO free Of tax. Hsrga
Smoking tobacco shall pay 10 cents a
pound; cheroots, cigars and cigarettes,
valued at from IS to $l2 per 1000, shall
pay $40 per 1000 all other cigers, che
roots and cigarettes, 81 per 1000; all i'm
ported cigars and cheroots shall pay, in
addition to other duties, $40 per 1000.
Stamps denoting the payment OF these
taxes are to be affixed to the boxes.
All sales at auction, and all sales Of
stocks, bonds and securities shall pay one
tenth Of one per cent. Foreign exchange
and uncurrent money sales are made free.
State banks converted into National banks
shall pay one-fourth Of one per cent. a
| month on the outstanding circulation.
National banks shall pay W per cent. on
all notes to any person, State bank, or
banking association, used for circulation,
after July LIST, 1867.
People making returns to the assessors
are to declare in the returns whether they
are made in legal-tender money. The
following articles are made free Of tax
Prussiate Of potash, retorts and tiles Of
clay. stamped copper buttons, deer skins.
smoked or not oil dressed. India rubber
springs used exclusively for railroad cars,
iron drain and sewer pipes, cordage, ropes
and cables, made of vegetables fbres, peat.
printing paper of all descriptions, and
tarred paper for roofing and other pu5-
poses, 6sh plates, saltpetre, safes, looms,
spinning machines, steam engines, hot
water and hot air furnaces, sewing ma
chimes, spokes, hubs, bows and felloes.
wood tanks and cisterns for crude min
eral oil, rails made and fitted for railroads,
sugar from corn, flowers Of sulphur and
sulphur -four, paints, oils and spices, wine
made Of grapes, c~urrants, or other fruits,
and rhubarb. The following articles are
stricken out Of the free list, and made sub
ject to tax Iron bridges and castings for
bridges, reapers, mowers, threshing ma
chimes and separators and corn shelters,
and wooden ware, and sulphate Of oa-
rytes.
Where there are violations of the pro-
visions of the act the articles shall be
forfeited. Distillers or rectifyers carrying
on business without paying the special
tax shall pay for every offence a fine Of
not less than double the tax imposed
upon the spirits distilled, or double the
special tax due for the spirits rectiRed by
such persons or found upon their prem
ises. Distillers are to make their entries
dailv in such form "a the Tntsrn.l Rave
nue. Commissioner shall prescribe, and are
TO render their accounts, under oath, to
the Assessors, on the LIST, llth and 18th
Of each month, or within Ave days thefe-
after. A violation Of this provision
makes the distiller liable to $500 fine, and
a false return is punishable BY fine and
imprisonment. Spirits manufactured or
taken out of bond after the passage Of this
act shall pay 80 a gallon. Brandy dis
titled from grapes, apples or peaches, shall
be free. Numerous amendments are pro-
posed to prevent frauds by distillerS.
Bribery is punished by a penalty Of three
times the bride and three years imprison-
ment.
The Collectors are to include the amount
paid into the Treasury from the sale Of
stamps in estimating their commissions.
The salary Of the Commissioner Of Inter
nal Revenue is raised to $4,000 a year.
A section is also added to the bill provid.
ing for the mode Of procedure in cases Of
seizure.
These are the. principal amendments Of
fered by the Senate Finance Committee.
The AGRA AND MAsTBRMAN's BANK