The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-02-02
THE TAX BILLS.
The Special Report OF the
Revenue Commission.
Copies of Bills Recommended
by Them.
Tax on Brokers' Sales, Duties on Tea, Sugar
and Molasses, and Tax on Cotton.
The MOdus 0perandi for the Enforce
ment Of the Revenue Laws.
A Special Revenue Judicial
Court.
he. &c. &e'



In addition the general report OF the Revenue Com
missoners, which gave yesterday, those officials
have made to Congress special reports several i'm
portan articles such as cotton tea, sugar coffee &c
These reports show vast OF study and search
for information and apparently exhaust those subjects
The details exceedingly interesting, ana must prove
of great value TO Congress hereafter
Accompanying their reports drafts Of bills which
provide the mode collecting tho tax the several
articles embraced in their report There twelve bls
in all AZ these interest nearly lall classes we publish
them in full Thus each class Of business Interested can
how they will have to meet their taxes TO the gene.
raj government II these bills become laws.
To Regulate the Tax or Hrokcrs' Sales.
BE IL enacted &c That In lieu Of the duties reoforc
imposed By law upon the sales hereinatr mentioned,
ther shall be paid safes made by brokers AMI banker
doing brokers' whether made for the bcncht
Of others their account an excise tax IN ac-
cordanco vii! the following rates that ~ 10 say
On all sale, and contracts Tor sales oi slooks anu
bonds at the iac Of ono cent for every hundred dollars
OF the par valu" ih.reoE
change. uucrucri oucy, promissnry noteR or other
securities pot o. o,.t nentned, AT the rate Of one cent
Cor every bunr,s collars oil the amount % nsch aoA OF
contractL
On All sacs for IN" ale Of gold and sill
yer bullion and coin at the cate cent for every
hundred dollar OF the amount Of such nlcs couir6
Provided that al saes and contracts for sae nego
tacd and made by any person, hrm company not
licensed broker or banker, Of any gold or river
bullion coin, foreign exchange, uncuucnt money, pro.
msory notes, stocks, bonds, or other securities not
bona ne the time his their own property and actu
ally on hand addition 20 all penalties provided 10 such
casos there shall be paid excise tax AZ the rate Of Ave
cents for every hundred dollars OF The amount OF snch
| saes contracts.
SIC q And be II further enacted. That every sale
and contract Of mentioned In tho foregoing section
there shall be made and delivered by tn seller 10 The
buyer, bill or memorandum 81 such salo or contract,
on witch there ha'l he affixed and eaneesa by ths 80.
Ter, a lawful stamp stamps In yaluo equal 70 ths
amount Of tax such sale, 10 be determined by tbs
rates o. duty before mentioned Provided Thai In com
putting the amount OF the stamp duty or TAX IN any c'
| herein provided for any less than Quo hundret
dollars any fractional part OF one hundred dollar,
value amount on which tar Is computed snail DO NJ
| counted as one hundred dollars.
! SIC And be u flr,hcr enacted, That every bll o.
toned shall show tho date thereof, the names Of th'
parties thereto the amount q the sale or contrast an
The matter or thing 10 which i refers And any peror
persons liable 90 pay any tar herein provided. o
any one who ia the matter agent or broker fo
such person persons who shall make any such SALE
contract deliver any stocks bonds bullion, IN
current money, foreign exchange, promivory notes o
other securities aud shall not deliver bill or mcDoran
dun thereof herein required or who shan deliver such
bin or memorandum without having the proper stamps
ased thereto shall forfeit and Jay u the United States
a psnaty Of i've hundred dollars Tor each and every
offence where the tax cyadcd or attempted o. be
evadcd, docs not EXCEED one hundred dollars, and
penalty Of thousand dollars when such tar shall
exceed hundred dollars which may be recovered,
with costs Of suit ~ any court ~ The United states 81
compe,ept urlsdcton In the dytrct any time within
ono wear after The liability L, such forfeiture shall have
been incurred and onchaf ~ the forfeiture recovered
shall be awarded by the court 70 the eroo ~ l"rtons
who IN the Judgment NJ the court shall have Lrs given
the information OF the violation the Ia" Tor which 20.
| covery ID had.
sEr And be II further enaoted, That the Secretary
OF tho Treasury shall prescribe the form and style ~ the
several kinds Of STAMPS necessary - carry INTO elect thc
foregoing PROV iions Of IBIS act and u" commi dober
Internal Revenue shall provide The sana Tor sale IN
the manner he may dsetn Irupof Ana any Isrson WHO
shall knowingly sell " usr, OF Ausinpt " zee,
In payment ~ tho tar herein imposed any fAlse fraud
ulent or counterfeit Afnp Ina talon a. % purrorng
Ia be- lawful stamp % the kinds herein provided lot 90
who shall knowingly cause ad or procure the Aafne
10 be done Who shah make OF cause 70 be made any
false or counterfeit stamp die % any part thereof
whereby impression b. abe on vsilum, ysf "a
ment paper other material. In Imitation ~ ADd 70
tnle, be Hod nfcd lawful stamps aforesaid %
who shall make any fraudulent device whatever
whereby the stamp duty herein provided for, o. any
part thorr0f rai bo eyadef shah De gulty ~ aieuny
and conviction, shall be fEprSoned no, IA than 1~a
I nor more than I've year,
SEC 0 And be Il further ENACTED, That all arts and
parts % acts Inconsistent With the pfosisonh q tbs act
! are hsfcoy repealed
! sEr O. And be "a further eBsiei, That thlg az fhaI
! take eject on the - day ~ --------- A. ~ 100