Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1871-01-26

SIX MILLS ON THE DOLLAR.
Provisions Of the New Revenue
~ law.
Full text Of the Bill as il Passed
Beth Houses.
Tie following is the the new tax bill
Ijust passed by the Legislature. 1t differs
| mainly from the old one, in that it~chan-
Eges the tax on all taxable property from
four to six mills on the dollar. The
schedule of what constitutes taxable prop
erty remains as heretofore, except changed
by a bill now before the Legislature, which
adds several items. p HIAT
I SECTIoNt1..B Be 1t enacted blythe Gener-
al assembly Of the State Of Tennessee,
That the State tax on every hundred dol
lars worth of property, upon which taxes
are by law allowed for State purposes,
shall be sixty cents.
Sec. 2. BE 1t further enacted, That in
addition to the ad valorem to be paid by
merchants ON their capital they shall De
liable and required to pay a license tax
equal in amount to the ad valorem tax I:
Prorided, that in no case shall the license
tax be less than FIVE dollars; and section
5 of the act, passed January 10, 1870,
| entitled. .sAn act to amend the revenue
laws of the State" is hereby amended IN
accordance with the provisions of this act.
SEC 8. Be tfurthttr enacted. That the
first of chapter "a of the acts of 1870, en-
titled San act to fix the State tax on prop
perty," is hereby repealed.
Sec. A.. Be 1t further enacted, That
every travelling or local agent OF any ln-
surance company, whether Safe or foreign
doing business in this State, shall pay an
annual privilege tax of twenty-five dollars
to the State and ten dollars to each coun-
ty in which such company or companies
may have a local or travelling agent doing
business and if the agent or agents or said
companies shall take risks without the pay
ment of said State and county tax. he or
they so offending shall be guilty of a mis-
demeanor. and each offendes shall be fin
ed not less than one hundred nor more
than five hundred dollars, one-half OF the
fine to go to the informer, on conviction,
and the other half to the State. Clerks
of County Courts shall see that this Sec
ton is strictly enforced.
SEC. s.. BE 1t further enacted, That
each railroad company, and every other
Incorporated company except charitable
and religious, doing business in this State
shall pay into the treasury of the State SIX
mills on the dollar on the amount of the
net earnings of such railroad company or
association and the President, Superin-
tendent, Receiver or other head officer of
such railroad company or agent, at any
office in the State of Tennessee of any
railroad company whose principal office is
in another State, or associations shall on
oath taken and subscribed to before a
Justice of the Peace or other officer author
lied to administer oaths, show specifically
and truly the amount of net receipts for
the quarter ending on the first Mondays in
Janury, April, July and October, in each
year, and pay the tax imposed by this act
said oath shall be filed and recorded in
the Office of the Comptroller.
Sec. g.. Be 1t further enacted, That
travelling commercial agents, generally
known as drummers, representing business
parties non-residents of this State, propos-
ing to sell the goods, wares, merchandise
or manufactures of such non-residents,
eltuerspy cdibPlO u lCPicS0i.".ioh' on"ii
pay a privilege tax of fifty dollars per
annum to the State-each county in which
said travelling agent or drummer may lay
a county tax of five dollars. Any person
acting or proposing to act as travelling COM
mercial agent. or drummer, as aforesaid.
shall first procure a license from the Clerk
of some County Court, by paying the taxes
aforesaid, which license shall not be trans
ferable. A failure to procure the license
herein required. shall subject the party so
offending to a fine of one hundred dollars.
for the use of the State and County Court
Clerks. Sheriffs and Constables shall see
that the provisions of this act are enforced.
SEC. q. Be it further enacted, That
this act shall take effect from its passage,
the public welfare requiring the m