The home journal. (Winchester, Tenn.) 1858-188?, 1871-02-09
The New Revenue Law

The folio Wing is the new tag bill
just passed BY the Legislature. II
differs mainly from the old one, in
that it changes the tax on all taxable
property from four to six mills on the
dollar. The schedule of what consti-
tutes taxable property remains as
heretofore, except changed by q bill
Of the late Legislature, which adus
several items:
SEC. /. BE it enacted by the Gen.
eral Assembly Of the State Of Ten
nessce. That the State tax on everl
hundred dollars are by law allowed
tor State purposes, shall be sixtl
cents.
SEC. 2. Be it further enacted
That in addition to the al valoreI
tax to be paid by merchants on thei
capital, they shall be liable and RI
CURED to pay a license tax equal
amount to the ad valorem tax: Prd
vidcd, in no case shall the license ltd
be less than five dollars and scctid
5 Of the act passed January 10 1871
entitled. San act to amend the rcyd
nue. laws Of the State" is hereli
amended in accordance with the pro-
visions of this act.
Sec. 3. Be it further enacted. Thj
the first of chapter "a of the acts 4
1870, entitled san act to fix the Staj
tax on property" is hereby repealed
SEC. 4. Be it further enacted
That every travelling or local agent 4
any insurance company, whether Sta1
or foreign, doing business III TIL
State, shall pay an annual privi'c4H
tax oftwcnty- five dollars to the Sta
and ten dollars to each county 4
which such company or companl
may have Il local or travelling aged
doing business, and If the agent II
agents Of said companies shall talH
risks without the payment OF sa
State and county tax, he or they 81
offending shall be guilty OF a misiR
mcanor, and offenders shall! be iinN
not less than one hundred nor mo
than five hundred dollars, one h&!f n
the fine to go TO the lnIormer, II
conviction, and the other half to TN
State. Clerks Of county Courts sha8
see that this section is strictly ed
forced.
SEC, 5, BE it further enacted, Tha
oacn railroad company, and every
other Incorporated company, eXccp
charitable and religious, doing bust
ness in this State, shall pay into The
treasury Of the State six mills on til
dollar on the amount Of the net earn
ings OF such railroad company, G
association; and President, Srpcrin
tendent, Receiver or other head office
of such railroad company, or agent, a
any office in the State Of TENNESSEE
OF any railroad company weose prin
cipal office Is in another State. or Il;
sociations, shall, on oath taken ar
subscribed to before u Justice Of tn
Peace or other officer authorized t
administer oaths, show specifcall,,
and truly the smount Of net receipt
| for the quarter ending on first MOI
days in January, April, July an
October, in each year, aud. pay Il
tax imposed Ivy this act, salt oat
! shall be fled and recorded in the o
fee of the Comptroller.
! SEC. 6. Be it further onacte,
That travelling commercial agent
, generally known as drummers, repre-
! s%enting business parties o resIden
= Of this State, proposing to sell til
goods, wares, and merchandise {
, manufactures OF such non resident
either BY sample or rcpesscntaiioj
, shall pay a privilege tax tax OF fit
I dollars per mum to the State-eac
county in which said travelling agcl
= or drummer may propose to d
= business, may lay a county tax of fl,
! dollars. Amy person acting or pr,
J posing to act as travelling commcrci;
l agent OF drummer rs aforesaid, sha
frs procure a license aforesaid, whiC
c license shall not be transferable.
f failure to procure the license herei
required, shall subject the patty s
Offending to a fine Of one hunlrc
) dollars, for The use Of the State, IN
e County Court Clerks, Sherifis an
Constablcs shall see that the provi:
+ ions o! this act are enforced.
, SEC. T. Re it further enacted, TIL,
this act shall take effect from is pas
> age, the public welfare requiring Il