Year: 1866

AhO OOuiHiiooiouci Ol lutcTudl heVcQue has just issued the following important regulations concerning the weighing and marking of cotton, the assessment and col lection of the tax, and the removal of cot ton under bond:

 TREAS. DEPT OFFICE OF INT. REV. l

 Washington, July 3l, 1866. {

 The act of July IT, 1866, provides that on and after August ], 1866, there shall be paid by the producer, owner or holder, upon all cotton produced within the Uni ted, States, and upon which no tax has been levied, paid or collected, a tax of three cents per pound, and that such tax shall be and remain lien thereon, in the possession of any person whomsoever, from the time when such law took effect, or such cotton is produced, un- til the same shall have been paid. The same law prohibits, under severe penalties, (which take effect September l, 1866 ) the removal of cotton out of the district in which it is produced before the tax is paid, unless it is removed under bond or other security, accompanied by the permit of the Assessor of the district.

 If, however, before September l, 1866, cotton should be removed out of the dis trict in which it was produced without the payment of the tax, or without being bon ded, it will be subject to the payment of the tax of three cents per pound by the holder thereof. wherever it may be found i; and in such cases, if any should occur, an immediate assessment should be made up- Oh the holder, and if the tax is not paid upon the demand of the collector. the cot ton may be seized under section 4s.

 Any cotton produced in the United States prior to August l, 1866, which may be found after that date beyond the limits of the district in which it was produced, no tax having been paid thereon, will be subject to the payment oftax of three cents per pound by the holder wherever found, except in the following cases, viz:

 Cotton removed under bond executed prior to August l, 1866, in accordance with the regulations of the Secretary of the Treasury dated October 9, 1865, which bond does not expire until after August l, 1866, will be subject only to the rato of tax (two cents per pound in force at the time of the execution of the bond.

 In all cases where cotton may have been assessed and the assessment returned prior to August l, 1866, such cotton will be sub ject only to the rate two cents) 80 assess ed, although the tax may not have been paid prior to August l.

 PLACES FOR WEIGHING, ETC.

 Section 3 authorizes the commissioner to designate places in each collection dis trict where an assessor or an assistant as sessor, and collector ora deputy collector, shall be located, and where cotton may be brought for the purpose of being weighed and appropriately marked. These places will be designated, and public notice given of the same from time to time as the pro- per information is received frcm the as sessors and collectors of each district. At such places an assessor or an assistant as- sessor, and collector or deputy collec- tor, must be located and, where found necessary, persons will be stationed there whose duty it will be to weigh and mark the cotton, under the supervision of the assessor or an assistant, who will be ap- pointed by the Secretary of the Treasury under the authority conferred by section &.

 The fees for weighing and marking will be fixed by the Commissioner of Internal Revenue and must in all cases be paid by the producer, owner or holder of the cotton for whom the work is done

 The duty of the weight and marker will be to weigh each bale and mark its gross thereon, with marking ink or paint, in large figures The amount of tax to be assessed upon cotton will be ascertained by deducting from the gross weightof each bale or package four per centum for tare. The assessor or assistant assessor located at the designated place for weighing must either weigh and mark, or see weighed and marked, each bale or package, and must keep an exact account of such weights and marks, and also the names of the holder, owner, or producer for whom the cotton was weighed and marked WEIGHING AT OTHER THAN THE DEsIG-

 MATED PLACES.

 Under the proviso of section ?, the own CTS of cotton may have it weighed and