The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-27
THE TAX BILL PASSED.
SOME OF IT'S PROVISIONS REFER.
RING TO MERCHANTS
AND TRADERS.

AND TRADERS.
Inc Oil for the assessment, lew. and COL
lection OF taxes has passed both Houses of
the General Assembly, and as soon as enrolled
VIII be placed in the hands of the Governor
Tor approval. The tax upon real and per.
sonal estate remains unchanged fjfty cents
| on the SlOO yalue), but the rate upon nearly
au otoer subjects is largely increased-in
!iost instances doubled. The following sec
ilons introduce very radical changes In our
laws: er.., : -.
!, SPECIFIC TAX ON MERCHANTS. f..
~ VERY merchant shall pay specific tax for
pli'llese 0! selling in this State, the
anount OF which shall be determined by the
aggregate Of the purchases of the said n mar. un
chant during the period for which .a;d
license Is granted. If the merchant has bee,,
IN business as such, whether under license
or not, IN the county or corporation where
ne applies for license, for twelve months
next preceding the purchases made bv
| niln OF goods, wares, and merchandise
| outlng the succeeding year shall be No.
sumed TO be at least equal to the pnr.
cnases OF the preceding year: hut II
may be determined that they will exceed
tnose OF the preceding year. If the bus;.
ness has only been carried ON for q mart Of
the preceding year, then the amount Of mr..
chases of the preceding year NAV be ascer.
tanned by adopting the purchases for s,,cb
part of the year as q basis for ascerto;ninn
the same for the entire year. If the mos
chant is beginner. he Shall state tho
amount OF his probable purchases for and
during the time the license be pronoses
to obtain will continue. In all cases the
license shall specify the amount of goods
to be bought under the same. IF
the amount OF the goods authorized TO
be bought under such license shall have
been bought the license thereafter shall be
deemed to be void, but if the merchant de.
sires an enlargement of the amount of
goods, at first cost valuation, he shall be
authorized to buy, he may apply for new
assessment and new license for the priYi-
lege of buying the additional quantity of
goods to be purchased. For the purpose of
aSccrtaining whether the amount of goods
authorized by such license have been pur-
chased, it shall be the duty Of every mer-
chant, on the first days of January, April,
July, and October Of each year, to make re-
port in writing, on OATH, to the commits.
sioner of the revenue or assessor for the
district in which the merchant was
licensed, showing the amount of goods
purchased by him within the preceding
three months. If any merchant shall fail to
make such report the commissioner or as
SCISSOR shall assume that all the goods author.
lied to be purchased under the license have
been bought, and shall proceed to make a
new assessment, after examining the mer-
chant under oath, and upon such other evil
dence as he may be able to obtain in such
manner and TO the effect he would do if ap-
| plication had been made to him for an en-
hrgement of the license aforesaid. If any
person shall bring goods into this State at q
| time when, by an assessment, he cannot
procure q license for the full term of one
year, and he desires to have such goods sold
| by auction, the commissioner OF assessor
may assess the tax at rate equal 10 the tax
for one year. The stock of goods on hand
when license is granted at the first cost
! valuation shall be embraced and included in
the amount of tue purchases Of goods to be
sold under the license provided for by this
section. Any person violating tue provisions
of this section shall pay q tine of not less
than five hundred nor more than one thou
sand dollars for each offence.
MERCHANTS LICENSE TAX.
104. On every license to a merchant or
mercantile firm the tax to be paid shall be
graduated as follows: If the amount OF
purchases shall not exceed $4,000, the
| spe ,tic tax shall be ten dollars; and for all
purchases over two thousand dollars, and
less than sixty thousand dollars, there shall
be paid tax Of one-half of one per ccntum.
Upon all purchases over sixty thousand dol
lars and less than eighty thousand dollars,
| there shall be paid tax of forty cents on the
one hundred dellars ofsaid purchases in ex-
cess OF sixty thousand dollars. Upon all
purchases over eighty thousand dollars, and
| less than one hundred thousand dollars, there
shall be paid tax of thirty cents on
the one hundred dollars of said purchases,
in excess of eighty thousand dollars. Upon
! all purchases over one hundred thousand
dollars there shall be paid tax Of ten cents
on the one hundred dollars of said purchases,
IL excess OF one hundred thousand dollars.
rhe tax imposed under and by virtue of this
section shall be in lieu Of all tax for State
purposes on the capital actually employed
by said merchant or mercantile firm in said
business. Tie tax in excess of ten dollars
imposed by this section shall be paid in equal
instalments. on the 10Th Of JANUARY, 10th of
April, 10th Of July, and 10th OF October in
each year, and shall be collected in the same
manner that license taxes are collected. Mer-
Giant tailors, lumber merchants, dealers in
cost, ice, or wood shall be embraced in this
section. Bu: this section Shall not authorize
any such person to sell wine, ardent spirits,
CT mixture tlersCf.
CONNIssIoH MERCHANTS.
The tax on commission merchants is about
double, apt !: is provided THAI no commits
sion merchart shall "scil by sample any
hogsllea;. or toX OF unmanufacUured tobacco
unless such hogshead OF box offered for sale