Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1869-03-18
THE RAILROAD BILL


THE GENERAL BILL
provides, s,-Scc. |. That every individual,
association, firm, or corporation engaged in
purchasing and selling produce merchandise,
goods, ware and property of any description
shall pay onc-fifth of one per cent. on the
gross amount of sales, to be paid on the first
day of July in the present year, and ut the
end of every three months thereafter, except
when such sales do not exceed $1,000 per
year, nor does the act apply to sales of for
eign goods in the original packages of i'm
pOrlatiOn.
Sec. 2. Imposes Il tax of one-iifth of one
per cent. on the gross amount of goods man
uiactured in the State, except where the
gross amount manufactured does not exceed
$1,000, and proceeds state at length what
this section shall include.
Sec. 3. Authorizes the Clerk of the Court
of Error and Appeals, the several Prothuno-
tarics ot the Superior Court, the Recorders
of Deeds, the Register Of Wills, Registers in
Chancery, and Justices OF Peace, to demand
increased fees in certain cases, and Sec. 4 re-
quircd them to pay such increase into the
State Treasury, while Sec. requires the
Justices of the Peace to make such returns
to the Collector Of State taxes for his own
coanty.
Sec. G,proyides for the punishment and re-
moval from office of officers refusingto com
ply with the provisions of this act
Sec 7provides that each agent in this Slate
of any Insurance Company of any kind, out
| side the State shall pay two and half per
cent. on the gross amount of premiums re-
| ceived and assessments collected every three
months, under penalty OF $2C0.
| Sec. s, relates to Home Companies, but
the amount Of percentage on premiums is left
blank.
Sec. 0, provides for "A tax of ] of per
cent. on each share of the Capital Stock OF
| Corporations not subject to tax under the
other provisions of the law.
Sec. 10. Provides that officers of corpo
rations shall make the retdrns required by
the act.
Sec. II. Imposes on private bankers, bro
kers and real-estate agents II tax of 3 per
cent on the gross receipts received as com.
mission.
Sec. l2. imposes tax on building and
| loan Associations but does not fix the
amount.
Sec. ID, contemplates per centage tax
upon collateral inheritances where the
amount of the estate exceeds $500. Sec.
IA, like tax on legacies and distributivc
shares. Secs. l5 10 23 inclusive, provide fol
the collection of said taxes.
Sec. "a, lays q tax of one-half of one pei
Except for goods sold and delivered and
labor performed) and stocks or shares owned
by residents, firms or corporations of this
State in banking or other corporations in
other States or territories; and on all debts
due to residents, firms, companies or corpo-
ratons in this State by solvent debtors resid-
ing out of the State, (with the exception
above named) and on all investments in Sc
curities or stocks of other States, or o
companies incorporated by other States OIL
by the United States made or held by resi-
dents, &c., OF this State, and all Investment:
in public loans or stocks, except those o.
the United States and of this State, exempt
from taxation. This section inter
poses in behalf of the debtor class by pro
viding that ''if any person, firm, company
or corporation, liable to the tax imposed
by this section shall exact, demand o.
receive, directly or indirectly, from any
debtor, the amount oftax aforesaid, in pay
ment therefor, or any part thereof, or any
compensation or satisfaction on account o
~ tax aforesaid. such person, firm, com
pany or corporation shall forfeit the whol,
, Interest on the debt, and shall recover only
the amount OF money actually advanced"
The remaining sections, from 25 to i3, re
! late to assessment and collection. The new
: officers created under this act are three As
sessors one for each county. The collection
! of the tax devolves entirely upon the Stat
Treasurer, who is authorized to appoint col
lectors for hundreds of districts The As
SCISSORS are to receive per diem allowance
, for the days actually employed; the Collec
tors commission on their collections.