The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-04-26
INTERNAL REVENUE.
>~~>~~,~>~~-~~e~>oo~-
Report by the Ways and Means Com
mittee of the AmendatOry Bill.
Summary Of Proposed Changes from
the Present Act.
A General Reduction of Taxes
Provided For.
Incomes Under One Thousand Dollars
Exempted from Taxation.
->-~.-o->~~>~>oo.oo-o-
Reorganization Of the Internal Revenue Bu-
reau TO Take Place.
The New Layv to Go Into Effect in
July Next.
tic. &c. &c.
Reorganization Of the Internal Revenue Bu-
reau TO Take Place.

The bill TO amend the Internal Revenue law as re-
ported to-day provides that and after the LIST day Of
July 1866 in lieu Of the duties manufactured cotton
there shall be paid by the producer, holder
upon all cotton produced within the United States and
upon which no taxes have been paid, tax of FIVE cents
pound. Upon articles manufactured exclusively from
cotton when exported there shall be allowed draw.
back an equal to the internal tax which shall
have been assessed aud paid upon such articles IN the
finished condition. and in addition thereto drawback
allowance OF as many cents per pound upon the pound
of cotton CLOTH yarn other articles manufactured
cusyey, to the extent on cotton.
The bill further provides that dislcrs shall pay 500
tax instead of $50 Dstiers Of apples, grapes and
peaches dstning manufacturing less than $50 barrels
per year shall pay $50 Brewers pay 500 instead
OF $50 those making less than 500 barrels year to pay
$50
Insurance agents arc 10 my SO tax when the re.
ceipts do not exceed 800 he shall pay S.
Any person who pcddics iewery distilled spirits fer
meuted liquors wines Is TO pay $50 license
Express carriers to pay SO cens'.
Builders and contractors are TO pay $40 instead of S25
keepers of eating houses keepers OF hotels, inns
tvcrns, tobacconsls, retail dealers, except retail
dealers in spirituoug and malt liquors when their annual
81 900
On illuminating lubricaling other mineral OIL tb c
product dstilation redstialiOn. the refining OF
Grade petroleum, 20 cents gallon; and all coal OILS be-
tween the specific gravity by the beaumetst OF 30 and
So degrees inclusive shall be deemed refined iluminat
ing coal oil oil refined and proauced by the dis
laton OF Goals asphatum or shae exclusively, shall ny
tax Of 10 per gallon only produced by the
materials peat other biumnots substances 10 cents
a gallon; spirits Of turpeniln', 10 cents gallon.
Mo,as5es from sugar-cane, three cents gallon Syrup
of molasses or sugarcanc juice when removed from the
plantation concentrated mDlasses miado and cslcrn
bottoms Of sngar produced from ai not ac
from sorghum or unphee tax 81 three fourtbs of one
per centnm Sugar above No Il and above No Is
duties, standard In color, tax Of 4 cent per pound
On sugars above No Is duties standard in color "a
On all soaps valued at above thrce cents pound
ruined and all salt water soap, made OF cocoanut
Oil a tax OF half cent pound On all other pcriumcd
On salt tax OF three cents per hundred pounds,
instead OF six cents.
On rcapcrs, mowers scales, brooms ana woodenware,
three per ccntum nd valorcm.
On tnware OF all dcscr pions, not otherwise provided
for Ave per ccntum adj yalOrcm
The duty on railroad of three dollars ton ia
nued on tubes, made of wrought iron, i've dollars per
On copper zinc and brass nails rivets aud shot,
sheet lead and lead pipes Eve per ccnium ad vaorem
On articles Of clothing manufactured or produced Tor
sale by weaving, knitting filling, and on hats bon
nets and hoop SIX rs, and articles manufactured OF
produced for sale constituent paris OF clothing or for
trimming ornamentng the same, and on articles OF
wearing apparel manufactured produced for sale from
india rubber gula pcrcha paper from fur OF fur
skins dressed with the fur on I'VE per centum ad Vao
rem.
On boots and shoes per mum ad valorem to be
paid by every person making manufacturing or produc
ing for sale boots and shoes furnishing the materials,
any part thereof empoying others 20 make MANI.
failure or prodgce them. Provided that any boot
shoe maker making boots or shoes 10 ORDER as custom
work only and general sale. and where work doci
not exceed annually in value one thousand dollars shall
| be exempt from the tax
On rcalymade ololhing and gloves, mittens moe.
casns caps and other articles OF dress Tor the wear o
men, women and children not 9th, r"ise assessed ana
taxed one per contum ad valoreni, TO be paid by
every person manufacturing or producing f0f
sale clothing, gloves, mttens, moe asns caps
the materials or any part thereof employing o;hcr
to make manufacture or produce them provided, that
any tailor or any maker o. gi1Ues is 81
only and for general SALE and Whose work does no
exceed annually Ia value one thousand dollars sh.l ~
exempt from this tax and articles OF dress made o.
| trimmed by mliners drossmakers for the wear o
| women shall also be exempt from thus tax
The charge smoking tobacco OF all kinds, and lint
atiOns thereof shall be twenty i've pound, In
stead OF thirty five cents; smoking tobacco mado cx
clctvel OF stems ten cents instead Of fifteen cents
o. cigarettes or small cigars made Of tobacco, on
closed Ia wrapper or binder nnd no, over three and
half inches In length the market value OF which ai
included is not over six dollars per thousand tax o
| two dollars per thousand, whom the market value 1
six dollars aud not over ten dollars per thonfnn1
tax iuciuded and on ceroo and cigars known ~ sior
SKIES and any sgars m Ae with Without pasted %
twisted heads the market value Of which, tax noud d
is not over dollars per thousand tax Of four dol
lars rcr thousand all o;hcr cigars chcrnc's an
cigarettes made wholly Of tobacco u any other SUB
siituts therefor ten dOllars per tho sand
Section 90 provides that all sales made by brokers
bankers doing business a. brokers' whether made io
the benefit Of others or on their own account, at IN
"a cs and for tic ac Of SO ks bonds tore ~
exchange, gold md silver, bullion and coin, uncuucu
money prom.s.ory notes or other securities, two cent
for every hundred dollar Of The amount o. such sac
contracts AMI on al sales and contracts Tor sale ne
gotta Ell and made by any person arm D company 10
taxed broker or banker " any gold Or silver bul
lion. ON uucurrcnt money TromDsory notes stocks
bond other sccurii cs not bis own properly. tax
the ~ i've cents Tor every hundred dollars u h'
amount Of such sales ~ contracts
All o. schedule u stricken out excepting bllliar'
/ IN ~ Ri tlqee are flln In liza
sci clule relieved from taxation.
II j. provided hat and after the 1t day o. July
1896 the p rived from transporting property io
hire shall DO exempt from the llx Imposed by the 05d
section but such exemption sia not apply 70 any 70
ccps OF railroads ferries brigcF nor 20 transpOrta
ton Of the mails of the TINTED Satoa upon contract
made prior 20 the passage % this act
The iax on express companies increased from Three
I've per cent gruss receipts when the grOss re
ce.pts DO not exceed one thousand dollars they arr
exempt
Tht banking section amended by adding the deposit
atlons companies known rosident insiiiu
tons savings banks, having no capital stock. anf
do ng no other busiuess than re ng deposits 10 b
loaned ar nvc.cd Tor tho Toie tenent ., tn parta
making such deposits without profit or compensation
the association o. company shall be exempt from tax
duty much OF their deposits they have invested
in securities Of the United states ana all deposits les
than three hundred dollars made the Of one per
SOC.
The income tax Is Eve per cen, cxcess Of one
thousand dollars Ia lieu % the former tax The deduc
tons are about The same As under the present law
| The stamp duly gaugcrs, mcasurers' ADD weghers
returns aud III eipts rrck oui q schedule
and tho following u inserted IN lieu ~ the samc
Receipts fo any ~ money Tor The rneni %
debt sNcsed ~ iweuty doars amount being for III
saaiacn q any mo sAre or judgment o. decree % an
court, ~ enforcement STAMPED Obligation "a ~
ku0Wedg ncn fulninent iOr each receipt two cents
yrIYded that when Tran signature smsed 70 III
paper. stamps may be amted thereto ~
presenting the Shole amount % TIE stamp required Tor sue
There 20 b. grade ~ tau playing iris
namely, and two cents canned aud
srfvrd vegetables &c according " value. Or ans
coffee any pound mixture ground prepared 10
sale substitute Tor coffee, cent per pound snd gp
Tor each round % pound provided ina
any portion " pound sis - considered a. puuu1 an'
arnped accordingly Grcnnf reprcr cloves ciovc stems
g. RAM mixture Intended 70 REPRESENT them cent ~
half pound
Sections two Eve eight and nine of The act Of Marci
g. 1895 are repealed TIE effect Of this ~ 70 remov
tie TAX on lucifer matches and reduce the TAR
fcturca from 90 hvc pr cent II removes the Tar o
one dollar per barrel on crude petroleum.