Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-02-11
THE NEW REVENUE BILL.
Proposed Increase of the Tax on
Whisky, Tobacco aud Sugar.
RepeaI Of the Tax on 1Iatehes.
Text Of the Bin Reported by the
Committee Of Ways
and Means.

WAsHNGTOE, Feb. 10.-The text Of
the revenue bill entitled, "a bill to fur
ther protect the sinking fund and to pro-
vide for the exigencies Of the government" "
reported to the House of Representatives
to-day BY Mr.. Dawes, is as follows:
Be it enacted, etc, that from and amer
the date Of the passage of this act, there
shall be levied and collected on all distilled
spirits on which the tax prescribed by law
shall not have been paid, and whether the
said spirits shall then be in the distillery,
bonded warehouse, or not, a tax Of one dol
lar on each proof gallon, or wine gallon
when below proof, 10 be paid by the dis
tiller, owner or person having the posses
sion thereof, before removal from the dis
tillefy OF bonded warehouse; and so much
of section 3251 Of the revised statutes Of
the United States as is inconsistent here
with is hereby repealed; Provided,
that in addition to the tax Of seventy
cents per gallon, imposed BY the law
now existing, there shall be levied
and collected 10 cents, being one-half
Of Che fnsIease Of the tax, under this act,
on each and every proof gallon or wine
gallon when below proof, Of domestic dis
tiled spirits manufactured and placed IN
bonded warehouse prior TO the day when
this act shall take effect, and held in bond
ed warehouse at that time, and on all such
spirits held by distillers, Iectifers or
wholesale dealers, having in their posses
sion, or under their control, distilled
spirits or stamped packages, and any per-
son who shall SCI, transfer or otherwise
dispose Of any such distilled spirits after
this act takes effect, until an additional
stamp, to be especially printed fO- this pur
pose by the Commissioner Of In
ienal Revenue, denOting the payment
of the additional tax Of 10 cents
per gallon herein imposed, is purchased
and attached to the package or packages
containing the same, in such manner as
the Commissioner Of internal Revenue
shall prescribe, shall be subject to and pay
a penalty of one dollar for each and every
gallon so removed, and the spirits so re-
moved shall be forfeited to the United
States; and provided further, that on all
brandy, Gin, rum and all compounds and
preparatiOns of which distilled spirits is
the component part of chief value, en-
bracing all forms Of distilled spirits i'm
ported from foreign countries, on which
the duty as fixed in the revised statutes is
two dollars per gallon, the duty hereafter
to be levied, collected and paid shall be
$3.50 per proof gallon.
Sec. 2. That section 1868 Of the revised
statutes be, and the same is hereby, amend
ed BY striking Out tie words "twenty cents
Der pound" and inserting 10 lieu thereof
the words ''twenty-fOur cents per poundi"
provided. that the increase Of tax herein
provided for shall not apply to tobacco on
which the tax under the existing law shall
have been paid when this act takes effect.
Sec. 3. That so much Of section 343I as
imposes a stamp tax on friction matches,
lucifsr matches OF other articles made in
part Of wood and used for like purposes, be
and the same is hereby repealed, 70 take
effect on and after the first day Of July,
1915.
Sec. 4. That on all mOlasses, not includ-
ing tank bottom syrup Of sugar cane juice,
melado or concentrated me'adO, and on sl-
/ gars according to the standard in color, i'm
ported from foreign countries, there shall
be levied, collected and paid in addition to
the duties now imposed in schedule q,
| Sec. 2504 of the Revised Statutes, an
amount equal to p per cent Of said duties
as levied upon the several grades therein
| designated
Sec. ). That so much Of section 2503 o
| the revised statutes as provides that only
! 90 per cent. of the several duties and rates
/ Of duty imposed on certain articles therein
enumerated by section 2504, shall be levied
collected and paid, and the same is hereby
repealed, and the several duties and rate:
| Of duty prescribed in said section 25O4
shall be and remain as that section, levied
without the abatement Of 10 per centUm
as provided in section 2503.
Sec. 6. That the increase Of duties pro
/ vided BY this act shall not apply 10 any
goods, wares or merchandise on board and
| bound to the United States on the 10th day
of February, 1875, nor on any such goods
| wares or merchandise on deposit in ware
houses or public stores at the date Of the
| passage Of this act.
The committee agreed yesterday to favoi
the repeal Of that part Of the present law
which requires stamps on bank checks, etc.
but this morning they struck out the con
| templated repeating section before report
ing the bill to the House.