New-York tribune., 1870-09-27
INTERNAL REVENUE DECISIONS.
REVERSAL OF TIE DECISION REGARDING IAA oN
sAIFs OF WHOLESALE DEALERs-lNTERPRE-
,r,rtoN or TUF LAW REGARDING LEGACIES,
.1-N-I.a

REVERSAL OF THE DECISION REGARDING TAA ON
s,rFs OF WHOLESALE DEALERs-INTERPRE-
TATION or TIE LAW REGARDING LEGAClES,
SUGGESTIONS, DIVIDENDS, COUPONS, ETC.
A short time since The TRIBUNE called atten
uon n decision OF the acting Commissioner Of internal
Rcvcpue 70 the effect that the tax the sales Of whole
olc dealers was not to included IN the class OF taxes
ON "sacs" to he abolished after Oc1 1870 by the act
of July a. 1870 Tho decision cassed these taxes as
Especial taxes which will not be abolished until May /,
1871 Since the appearance Of the article referred to, the
acting Commissioner has reversed his decision, and
cordng TO hs present Judgment these taxes to he
abolished oct l. $780, instead of May ISL The text OF
inc orPcT oS raaSar Rrvrvrr w,.uyeToy Sept
W. H. THosrsoS csq, ssessor hisrcnh DSrd Eds,on Penn
s EsTRs % q, S l' % sSd Suh s 1Ss ar s @ Hs S ErS
Vc XII parc have to say that have carefully rgeIsmnd h9'
am Of opinion that not accordance with the intent Of Con.
s empei by section Of the act Of Jul H. 1870 and hat 40
upcn those made on and sneT October lO sa' Of
leaf ohlco Manufactured tobacco snu cigars fern and domestic
distilled spirits aud wines will fO3nq ~ poa to be 'es tns lsT That
The decision in accordance with the interpre-
tation Of the law which was placed upon i by the p1Rf %
day OF October 1870 the several taxes on sales c are
hereby repealed" This is rather indefinite and IT has
not been fully understood whether 1t was intended al
no tax should he collected sales made on Oct and
afercdrd whether il was intended that no tar should
be paid or after Oct on safes II the lqer lnterpe
taon the then no tax would be paid on
the sales made in September, as the returns OF sales OF
the previous month are made on or before ne Oth Oh
each month. II viii be noticed that the decision Is tat
is tO he assessed upon those sales MADE on ana
after Oct 1870" The law is therefore construed az i'm
posing the tax September sales similar question
has arisen regarding the repeal OF tho legacy and sue
cession taxes, which, by the act OF Juy H. lSO aie re-
peaed and afterthe first day OF October 1870" the
acting Commissioner decides TINS 10 mean mat te act OF
July Ia 1870 intends "to continue the imposition Of
legacy and succession taxes upon property passing by
reason OF the death of any person dyg prior to oct
| /, 1870" ., .
tercst and coupons IL very indefinite and has called
forth decision from the Department The law requires
that the tax of two and onehaf per cent on coupons
during the year 187 on such dividends, &c. hereUter
declared that is after the passage OF the act III Is de-
pd that no tax can withheld interest coupons
falling due between Aug and Dec. 81, Of the present
year, hut that such interest or coupons must be included
in tie income returns for the year. We append the
| decision:
w ocE & og 5EnS m T GEy5xT % T b f. ss &
sR Your letter Of the 1t instant respecting The as'e;ilen sn
t ~ & @ bs he % aSd eoIcied for Saf drig the wear Si
I of yo ami ouo Der cenum all interest
coupons paid other evidence Of debt Issued snd payable in
one or more yca al date BY Of corporations this section
Iernscr enumerated ana on the Of all dividends
of earnings income gains hlreGher d.ea[ed by
:alaqce COMPANY railroad company eo%'ny
Sfer,ye he same shall be to whatsoever person the
may due including nouclenl whether ezen or aliens ani On
@ s yihg % my SI 5 tax sofe i. hereby authorized to de1
l rom snv pave on accoIt of Interest coupous d.,i-
delds ou the tar Of two and oneha per een on
viii notice E the terms Of the section the tsf gGqn nth. The o. T.
cSt Gf coupons paid upon bonds or other evidence, Of d,
or and dssg the yeaI l57 hat the tar upon ilS ara %
year l ta to be LEVIED uPOa all DIVIDENDS declared 9eT NE
thrcSore ruled that no tax to be withheld
eh fan due during the s fs months Of the present esea
;t Yi @ r ia,cI,e yciprn c The raes Tc-ei,irg item.
Is also hell that alogha Of tgo ani onei per cItlm is
na3 scr uUo AD9u 1870 i.io Is levied collected during
The year l87 1t s Ho nefes, to ae si R ~ @ @ m a
levied Further legislation ehss he required upon that point