Democratic Sentinel, Volume 2, Number 8, Rensselaer, Jasper County, 5 April 1878 — The Tax on Spirits. [ARTICLE]

The Tax on Spirits.

The President, on recommendation of Internal Revenue Commissioner Banin, has approved the joint resolution providing that the tax on all distilled spirits, hereafter entered for deposit in distillery warehouses, shall be due and payable before and at the time the same are withdrawn therefrom, and within three years from the date of entry for deposit therein. In case of non-payment of the tax on any distilled spirits, within one year from the date oi the original warehousing bond for such spirits, interest shall accrue upon said tax at the rate of 5 per cent, per annum from and after the expiration of said year until the tax shall be paid.