Vermont farmer. [volume] (Newport, Orleans County, Vt.) 1870-1877, 1873-04-11

Domini eighteen hundred aud scventy-two,
shall not be subject to any stamp duty, but
only such of their bonds or obligations rs
may have been made and issued before the
day last aforesaid: And provided further.
That in the mean time the holder of any in
strumont of writing of whatever kind and
description which has been made or issued
without being duly stamped, or with de-
tunct stamp, may make application to any
collector OF internal revenue, and that upon
such application such collector shall there
upon nllix the stamp provided by such holder
upon such instrument of writing rs required
by law to bc put upon the same, and subject
to the provisions OF section one hundred and
fity-cight of the internal-revenue laws
SEC 81. That the taxes imposed by sec
tion one hundred and ten of the act entitled
" An act to provide internal revenue to sup
public debt, and for other purposes approx
ed juno thirtieth, eighteen hundred and six
ty-four, rs amended by section nine of the
act of July thirteenth, eighteen hundred and
sixty-six, to reduce internal taxation and TO
amend the act aforesaid and acts amendatory
thereof upon the deposits, capital, and circu-
lation of banks, or persons, associations
companies, or corporations engaged in the
business of banking, shall hereafter be paid
semi-annualy, on the first day of January
and the first day Of July; but the same shall
be calculated at the rate per month rs pre-
scribed by said section, so that the tax for
six months shall not be less than the aggre-
gate would be ifthe said taxes were collected
monthly us prescribed by said section. And
the words capital employed, in said section,
shall not include money borrowed or receiv-
ed from day to day, in the usual course of
business from any person not partner OF or
interested in the said bank, association, or
tirM. And the exemption from tax, author
lied by said section, of deposits of less than
five hundred dollars, made in the name of
one person, in associations or companies
known rs provident institutions, savings
banks, savings funds, or ADMINISTRATIONS,
is hereby extended to deposits so made of
not exceeding two thousand dollars.
SEC. 49, That the purposes ola charitable
character mentioned in section twenty-seven
of the act of July fourteenth, eighteen hun
bred and seventy, are intended, and are
hereby construed, to include all devises and
legacies to associations, trustees, societies,
and corporations established or carried on
for any benevolent, religious, OF charitable
object without view to pecunary profit.
SEC. 80. That so much of section one
hundred and sGvcnty-nne of the act of July
thirteenth, eighteen hundred and sixty-siX,
us provides for moieties to informers be, and
the same is hereby, repealed and the Com
missioner of Internal Revenue, with the APP
proval of the Secretary of the Treaaury, is
hereby authorized TO pay such sums, not eX-
ceeding in the aggregate the amount appro-
priatcd therefor, us may, in his judgment, be
deemed necessary for detecting and bringing
to trial and punishment persons guilty of
violating the intcrnal-revenue laws, or con-
nivng mt the same, in cases where such
expenses are not otherwise provided for by
law; and for this purpose there is hereby
appropriated one hundred thousand dollars,
or SO much Hereof as may be necessary, out
of any moneyin the treasury not otherwise
appropriated.
SEC. 10. That section siXty-threc of the
act approved July thirteenth eighteen hun
drod and siXty-siX, entitled " An act to reduce
internal taxation, and TO amend an act enti-
tied An act to provide internal revenue to
support the government, TO pay interest on
the public debt, and for other purposes mp
proved June thrtieth, eighteen hundred and
siXty-four, and acts amendatory thereof" be
amended by striking out the words 60 three
hundred" wherever they occur therein and
inserting in lieu thereofthe words five hun
dred; :" and by striking ont the words "under
any of the provisions of this act, or of any
act TO which this Is an amendment" and in
serting in lieu thereof the words under the
provisions of any iuternal-revenue act
SEC. A. That section one hundred and
siXty-One of the act entitled 4" An act to pro-
vide internal revenue to support the govern
mGnt to pay interest on the public debt, and
for other purposes" approved juno thirtieth.
eighteen hundred and siXty-iour, be amended
by striking out the words "this act occur
ing after the words stamps issued under
the provisions Of" and inserting in lieu
therCOfhp words "any internal revenue act"
SEC. A. That all Internal taxes now as
scssed or liable to be assessed against, but
not collected from, shipbuilders rs manufac-
turers, under section lOur of the act of March
thirty first eighteen hundred and SiNty-eight,
entitled An act to exempt certain manufac
lures from internal tax, and for other pur-
,,f, 4
are hereby. RENTED. and no further assess
ments shall be made on account thereof
SEC. i3. That prior to the first day Of
January, eighteen hundred and Scventy-three
il shall be the duty of the President, and he
Is hereby authorized and directed, to reduce
! the internal-rcvenue districts in the United
States to not exceeding eighty in number,
and for that purpose he may unto two or
more districts, or States, or Territories, into
one district, and he shall designate from
among the existing rcVcnGg-otlicers one coll
lCctOr and one assessor for each new district,
or mt his discretion he may, by and with the
advice and consent of the Senate. nominate
and appoint new officers IOr such new dis
triut; and the collector and assessor so desig-
mated on appointed shall give bond according
TO law, and the Secretary OF the Treasury is
hereby authorized and Tsquircd, prior to the
FIRST day of January, eighteen hundred and
Scvonty-ihree, to reduce the number OF in
=.
gaugcrs, store keepers, and the clerks anu
employees in the Internal-Revenue bureau
to rs small n number rs Is consistent with
the performance of the reduced duties of the
service, and that he report to Congress ut its
next session the reduction made under this
act, and such further changes in the organ
! iZation of the acknowledgements service rs will
promote its efficiency and economy
SEC A. That all suits and proceedings
! for the recovery of any internal tax alleged
| to have been enormously assessed on collect
| ed or any penalty claimed 10 have been col
lected without authority, or for any sum
which it is alleged was excessive, or in any
manner wrongGully collected, shall be
! brought within two years next after the cause
OF action accrued and not after; and all claims
! ion the rciundng of amy internal tax Cr PEN
| atty shall be presented TO the Commissioner
of Internal Revenue within two years next
| after tho cause of action accrued and not
after: Provided, That actions for claims,
which have accrued prior to the passage of
this act, shall be commenced in the courts
or presented 10 the Commissioner OF Internal
Revenue within one year from the date of
said passage: And provided further, That
where claim shall be pending before said
| Commissioner the claimant may bring his
action within one year after such decision
and not AFTER; And provided further, That
no right of action barred by any statute now
in force shall be revived by anything herein
| contained,
SEC. 45. That the Secretary ofthe Treasury
is hereby authorized and directed carefully
to revise and prepare for publication the in
| ternal-revenue laws in force after the passage
of this act with amendments Incorporated
| in their proper places, conveniently arranged
for reference. and with proper index; and
that the same be printed rs soon rs practic-
able by the Congressional printer That ten
| thousand copies be printed, five thousand for
the use of the House of Representatives, two
thousand for the use of the Senate, and three
thousand for the use of the Commissioner of
Internal Revenue.
SEC. 40, That all acts and parts of acts
inconsistent with the provisions of this act
arc hereby repealed: Provided, That all the
provisions of said act. shall be in force for
leVying and collecting all taxes properly as
sessed, or liable to be assessed, or accruing
under the provisions of former acts the right