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IN FORCE MARCH 4, 1911
WITH AN APPENDIX
CONTAINING LAWS OF A GENERAL NATURE AND
interstate shipments of liquors, etc....
4. Payment to persons in arrears, set-offs, credits, priority of Gov-
This compilation contains the internal-revenue laws in force March 4, 1911.
The last compilation was published in 1900. Since that date many changes have been made in the law and new legislation enacted, rendering much of the matter contained in that compilation obsolete and making a new compilation very desirable.
The most important measures relating to internal revenue passed since the last compilation was issued are as follows:
I. WAR-REVENUE REPEAL ACT.-The act entitled "An act to repeal war-revenue taxation, and for other purposes," approved April 12, 1902, which, so far as it related to internal revenue, took effect July 1, 1902.
II. OLEOMARGARINE LAW.-The act of May 9, 1902, established a new rate of tax on oleomargarine. A tax of 10 cents per pound was imposed also on adulterated butter and one-fourth of 1 cent per pound on process or renovated butter.
New special taxes were also imposed on manufacturers of adulterated butter, and of process or renovated butter, and on wholesale and retail dealers in adulterated butter.
III. DENATURED ALCOHOL ACT.-The act of June 7, 1906, provided for free alcohol for use in the arts and industries, and was amended by the act of March 2, 1907.
IV. FORTIFICATION OF WINES.-The act of June 7, 1906, amended the law relative to the fortification of pure sweet wines.
V. a. SPECIAL EXCISE TAX ON CORPORATIONS.-The Payne-Aldrich tariff act entitled "An act to provide revenue, equalize duties, and encourage the industries of the United States, and for other purposes, approved August 5, 1909, contained important internal-revenue legislation. The act imposed on corporations, joint-stock companies, associations, and insurance companies with certain exceptions a special excise tax equivalent to 1 per cent of their net income in excess of $5,000.
V. b. NEW RATE OF TAX ON TOBACCO AND CIGARS.-This act also amended the law in regard to tobacco and cigars.
The body of this work consists of Title XXXV of the Revised Statutes, with amendments, and subsequent acts incorporated in their appropriate places, the obsolete and repealed sections being omitted.