Knoxville journal. [volume] (Knoxville, Iowa) 1874-1986, 1875-03-11
The New Tax Bill.
The following is the full text of the new |
Tax and Tariff bill passed by Congress:

The following is the full text of the new
Tax and Tariff bill passed by Congress:
SECTION /. That from and after the date of
passage Of this act there shall be levied and col
ected on all distilled spirits thereafter produced
In the United States tax OF ninety cents on each
proof gallon, or wine gallon when below proof, 10
be paid by the dstiller, owner, or person having
possession thereof before removal from the dis
tillery or bonded warehouse, and so much of Sec.
3,25i of the Revised Statutes Of the United States
as is inconsistent herewith is repealed.
SEC. q That Sec. 2.36S of the Revised Statutes
be, and the same is hereby, amended by striking
out the word twenty cents pound aud in
sorting In lieu thereof the words twenty four
cents a pound" Pr0vided, That Sec. 1884, Of the
by, amended by striking out the
word five" wherever il occurs there
in and inserting in lieu thereof the
sxtyp and Inserting seyents-fye Increasing
the duty on cigars from S. to So q thousand, and
cigarettes from $3.50 to $2.7b: Propided, That the
increase oftax herein proyided'Ior shall not apply
to tobacco, cigars or cigarettes on which the tax
under the existing law shall have been paid when
this act takes effect.
SEC. g. That ON all molasses, concentrated mo-
lasses, tank-b0ttoms, strip of sugar, cane-juice,
melada, and on sugar according To the Dutch
standard color, imported from foreign countries,
there shall be levied, collected and paid, In adj
Sec. 250t of the Revised Statutes, an amount
equal to Is per cent. of said duties as levied upon
the several articles and grades herein designated
shall hereafter be classed as sugar, dutiable &C.
cording to the color OF the Dutch standard, and
melada shall be known and defined as an article
made in the process of sugar making, being the
cane-juice boiled down to the sugar point, and
containing ell the sugar and molasses re-
sulting from the boiling process without
any process OF purging or clarifcation,
and any and all production of sugar
cane imported In bags, mats, baskets or
other than light packages shall be considered
sugar and dutiable as such: Pf0Uided, further,
That of the drawback on refined sugar exported,
allowed by Sec. 3,O19 of the Revised Statutes Of
the United States, only per cent. Of the amount
allowed shall be retained by the United States
SEC. A. That SO much OF Sec. 2,503 Of the Re-
vised Statutes provides that only 90 per centnm
OF the several duties and rates OF duty imposed
on certain articles therein enumerated by Sec
1884 shall be levied, collected and paid be, and
the same Is hereby, repealed, and the several
duties and rates OF duty prescribed In said Sec.
2,5 shall be and remain as by that section levied
without abatement Of 10 per cent, provided in
Sec. 2,5U3.
SEC. s. That the increase Of duties provided by
this act shall not apply TO any goods, wares or
merchandise actually on shipboard and bound TO
the Upited States or before the 10th day of
February, 1875, nor ON any such goods, wares or
merchandise on deposit in warehouses or public
stores at the date Of the passage OF this act.
Sec. provides that nothing In the act of Feb
g. 1875 (thc Little Tariff act) shall be construed
to impose any duty on boiling cloths heretofore
admitted free Of duty, or to require the use of
stamps on entries or receipts In the pass-books
of savings banks.