The Sweetwater enterprise. (Sweetwater, Tenn.) 1869-187?, 1871-02-02
The New Tax Bill,

The following is the new tax bill just
passed by the Legislature:
See. |. BE it enacted by the General
Assembly of the State of Tennessee, That
the State tax on even hundred dollars
worth of property, upon which taxes are
by law allowed for State purposes, shall
be sixty cents.
Sec. ?. Be it further enacted, That in
addition to the ad valorem to be paid by
M%erchonts on their capital they shall be
liable and required to pay a license tax
equal in amount to the ad valOrem tax:
Provided, that in no case shall the license
tax be less than Eve dollars; and section
5 of the act, passed Jan. 10, 1870, enti-
tied, "An act to amend the revenue laws
of the State" is hereby amended in ac-
cordanco with the provisions ofthis act.
Sec. 3. BE it further enacted, Thot the
first of capter "a of the acts of 1870. emit
tied san act TO fix the State tax on prop.
erty,"is hereby repealed.
Sec. 4. Re it further enacted, That cv~
cry travelling or local agent of any insur-
anco company, whether State or foreign,
doing business in this State, shall pay all
annual privilege tax Of twenty-five dol
lars to the State and ten dollars to eaclI
county in which such company or compa-
MES may have a local or travelling agent
doing business, and if the agent or agent
or said companies shall take risks without
the payment of said State and county tax
he or they SO offending shall be guilty Of
a m~isdemeanOr, and each offender shall BE-
fined not less than one hundred nor mors
than five hundred dollars, one half of tn
fine to 90 to the iDformer, on conviction
and the other half to the State. Clerks Q.
County Courts shall see that this section
is strictly enforced.
Sec. 5. BE it further enacted, That
each railroad company, and every other
incorporated company except charitable
end 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-
tcndent, 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 JUS
tice 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
January, April, July aud October, in
each year, and pay the tax imposed by
this act; said oath shall be fled and recor-
ded IN the Office of the Comptroller.
Sec. 6. BE it further enacted, That
travelling commercial agents, general
known as drummers, representing business
parties non-residents of this State, propos-
ing to sell the goods, wares, mcrclandise
or manufactures of such non-residents, eth
er by sample or representation, shall pay
a privilege tax Of fifty dollars per annum
to the State-oach 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
commercial agent or drummer, as afcre.
said, shall first purocure a license Of some
County Court, by paying the taxes afore-
said, which license shall not be transfera.
bic. A failure to procure the license
herein required, shall subject the party
so offendinff to a fine of one hundred dol.
lars, for the use of the State and County
Court Clerks. Sheritfs and Constable.
shall see that the provisions of this acl
are enforced.
Sec. 7. BE it further enacted, That
this act shall take effect from its passage
the public welfare requiring the same.