Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1872-06-14
The New Tax Bill.


tax bill, regulating the Internal Revenue
Code. 1t consists of section - to Al Of
''Tariff and tax bill"
Section ~ increases the duty on distilled |
spirits from so to 70 cents per gallon. All
in bond pays the present rate.
Section 13 enacts new regulations for
distillers also specifies that the special tax
Of 81 per barrel, the tax on the sales of
wholesale retail dealers, and the tax on rec
filters Of so cents on each barrel produced
in excess Of 200 barrels are hereby repeal
ed.
Section 14-17 regulates the compensation
Of Internal Revenue guagers. New stamps
may be issued in place of those accidentally
destroyed. Brewers shall give the assessors
full particulars Of their business, and fur
nish bonds. 9ts
Section 18 specifies that there shall be
paid on all beer, lager beer, ale, porter and
other similar fermented liquors, by whatev'
er name such liquors may be called, tax
Of 81 for every barrel containing not more
than 81 gallons.
Sections 1890 are devoted to specifying
the rules to be observed by distillera and
brewers, and the penalties attached to eva
sions Of the law
Section 81 declares textually, that on
and after the LIST day of July next the act
entitled can act imposing taxes on distilled
spirits and tobacco, and for other purposes"
approved July 20, 1868, be, and the same
is hereby amended as follows
That section 81 be amended by striking
out all after the second paragraph, and in
serting in lieu thereof the following words
"On all chewing and smoking tobacco,
fne.cut, Cavendish. plug or twist, cut or
granulated, Of every description on tobao-
co, twisted by hand or reduced into con-
dition to be consumed, or in any manner
other than the ordinary mode of drying and
curing, prepared for sale or consumption,
even if prepared without the use of any ma
| chine or instrument, and without being
pressed or sweetened and on all fine cut
shorts and refuse scraps, clippings, cuttings
and sweepings of tobacco, tax Of 20 cents
per pound.''
That section SO be amended by striking
out all Of paragraphs 7, 8, 9 and 10, and
inserting in the lieu thereof the following,
to wit
t'Dealers in leaf tobacco except retail
dealers in leaf tobacco, as hereinafter de6n-
ed, shall each pay $25"
Sections 1924 enact that the license fees
in the tobacco trade shall be as follows:
Retail dealers in leaf tobacco shall each
pay $500, and, if their annual sales exceed
81, 600. shall each pay, in addition thereto,
5O cents for every dollar in excess of 81 900.
Dealers in tobacco shall each pay a
license of S., Manufacturers of cigars shall
each pay $40, Peddlers of tobacco shall be
classified and rated as follows, to wit -
When travelling with more than two horses,
mules, or other animals, the first Glass; and
shall pay $50; when travelling with two
horses, mules. or other animals, the second
class, and shall pay s25, when travelling
with one horse, mule or other animal, the
third class, and shall pay SIS; when trav-
cling on foot or by public conveyance, the
fourth class, and shall pay So
Section IS repeats the tax on coal gas.
Section Sc repeats taxes by stamps on
mortgages. &C., in schedule B of section ITO
of the act Of June 80, 1864, excepting the
2 cent stamp on checks.
Section 81 prescribes that the bankers
and brokers' tax shall be paid semi-annually.
1t also enacts that the words "capital en-
ployed,' in said section, shall not include
money borrowed or received from day to
day in the usual course of business from
any person not partner of or interested in
the said bank, association or firm And
exemption from tax authorized by the said
section Of deposits of less than $500. made
in the name Of one person, in associations or
companies known as provident institutions,
savings banks, savings funds, or savings in
situations, hereby extended to deposits SO
made of not exceeding $4,000
Section So enlarges the meaning of the
word charitable" purposes
Section 80 deals with the rewards to in
formers. 1t enacts 'rhat so much of sec.
ton 179 ofthe act of July Is. 1866, as pro-
vides for moieties to informers be, aud the
same is hereby repealed: and the Commits
proval of the Secretary of the Treasury. is
hereby authorized to pay such sums, not
exceeding in the aggregate the amount ap.
propriated therefor as may in his judgment
be deemed necessary for detecting and bring
ing to trial and punishment persons guilty
Of violating the Internal Revenue law, or
conniving at the same, in cases where such
expenses are rot otherwise provided for by
law; and for this purpose there are hereby
appropriated 100000, or so much thereof
as may be necessary, out of any money in
the Treasury not otherwise appropriated.
Sections 40-47 remit unpaid taxes from
the sales Of ships rednce (after January,
1879 the internal revenue districts in the
United States to 80 declare that all claims
for the recovery of taxes shall be made with
10 two years instruct the Secretary of the
Treasury to compile and publish the Inter-
nal Revenue laws /; and that the act shall
take effect on the LIST Of July, 1872, except
where otherwise provided for.
The Stamp Taxes.
The act of Congress recently passed for
reducing the customs duties and internal