Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-06-22
VOL. XX--NO. TAG.

out all after euacting clause, and inserting
in lieu thereof the following That there
shall be levied and collected and paid on
all sales of real estate, goods, wares, mer-
chandise, articles, or things at auction, in
| cluding all sales Of stocks, bonds snd other
securities a duty of one-tenth Of one per
cont on the gross amount Of such sales, and
every auctioneer or other person making
such sales shall at the end Of each and eT-
cry month or within ten days thereafter,
make a list or return to the Assessor Of
the District Of the gross amount Of such
sales made IS aforesaid, with theamOunt of
| duty which has accrued thereon, which list
shall have annexed thereto a declaration
uudeT oath or affirmationin form or man
ner as may be prescribed by the Commits
sioner of Internal Revenue, that the same
is true and correct, and shall at the time
as aforesaid pay 10 the Deputy Collector the
amount Of dnty on the tax thereon as afore-
said, and in default tisreef shall be subject
TO pay penalty Of $500. In all cases Of de-
linqueney in making said list or payment
the assessment collection shall be made in
the manner prescribed in the general pro-
vision Of this act, provided that. no duty
shall be levied under the provisions Of this
section upon any sales by OF for Judieial or
executive officers, making auction sales byt
virtue of ajudgement a decree of any Court, \
nor to public sales made by guardians, sx-
ecutors or administrators. 4
Mr.. FESSENDEN moved 70 amend the
sSfsgEs abs aE@end9eat bY a stEiki9g egt I'll ll sitsg
provieo.
This amendment was agreed 70, and the
main amendment as amended was adopted,
The amendment ofthe Finance Commit
tee, authorizing railroad and steamboat
companies 10 add the tax imposed upon them
to their rates of fare and freight was adop-
ted
The Committee on Finsnce recommended
the following amendment 10 the section of
the house bill providing for tax On bank
circulation and deposits:
Provided further, That whenever any
state bank or banking association has bean
converted into national banking associa-
ton, or has ceased TO do its usual business,
including the making Of loans and receiv
ing of deposits, there shall be assessed and |
collected, in addition TO the taxes already !
imposed, tax Of oEe-fourth of one per cent. |
each month upon the average amount Of
outstanding Of any such state
bank or banking ASSOCIATION. .. ...---
Mr. EDMUNDS moved TO amend the |
above by adding the following words Is
sued or by act of such bank kept in circu-
latiOR after July lst, 1866. Mr.. Edmunds !
demanded the yeas ana nays on the adOp-
tiOn of his amendment. -.---r-r ga
YEAs-Messrs. Anthony, ,Buckalew, Clark, |
Davis, Edmunds, Foster, Harris, Hender-
son, Morrell, Roland, SPrague-11.
Nays-Brown, Chandler, Conness, Cragin,
Fessenden, Grimes, Guthrie, Howard, Howe, |
Morgan, Ramsay, Sherman,
Stewart, Trumbull, Van Winkls, Wade,
Wiley, Williams and Yates-2O.
The amendment of the Committee was
agreed to.
The Senate agreed TO the amendment Of
the Finance Committee to strike out all in /
the House bill relating TO incomes, exemp
lions, appeals, penalties, &c, and insert IN
lieu thereof the following:
That section l I6 ofthe act now in force be
amended by inserting after the words "On
the excess over S5oO0,% the following: "snd
a like tax shall be levied, collected and paid /
upon the profits and income of |
every business, trade or profession, carried |
on in the United States by persons residing |
without the United States, not citizens
thereof"
Mr.. FESSENDEN explained that the in
comes for the present year had already been
assessed, and it was thought best 10 leave /
what the House proposed TO do to be done
by the next Congress. s
Pending the reading ofthe bill-page 81
put Of 24O pages having been reached-the
Senate adjourned.