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title:“Resolutions of the Ways and Means Committee regarding emergency Taxes”
authors:George Mason
date written:1779-12-11

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https://consource.org/document/resolutions-of-the-ways-and-means-committee-regarding-emergency-taxes-1779-12-11/20130122082626/
last updated:Jan. 22, 2013, 8:26 a.m. UTC
retrieved:April 23, 2024, 12:58 p.m. UTC

transcription
citation:
Mason, George. "Resolutions of the Ways and Means Committee regarding emergency Taxes." The Papers of George Mason. Vol. 2. Ed. Robert A. Rutland. Chapel Hill: The University of North Carolina Press, 1970. 598-600. Print.

Resolutions of the Ways and Means Committee regarding emergency Taxes (December 11, 1779)

[11 December 1779]
Resolved, That a tax of thirty pounds of tobacco, forty pounds of flour, fifteen pounds of hemp or two and a half bushels of Indian corn, at the option of the payer, be annually imposed on every tithable person in this Commonwealth, except white tithables between the ages of sixteen and twenty-one, for and during the term of ____ years.
Resolved, That a part of the said tax be established as a fund whereon to borrow the sum of five millions of pounds current money, to carry interest at the rate of five per cent. per annum, the interest to be annually paid in such manner that the creditor may receive for his interest as much money as will purchase the same quantity of tobacco, that the interest of the money lent would have purchased at the time of the loan.
Resolved, That five-eights of the surplus of the said annual tax be established as a sinking fund for securing the redemption of the notes to be issued to the lenders of money thereon.
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Resolved, That all the money which shall be borrowed on this fund be repaid at or before the ____ day of ____, in the year ____, the creditor shall be entitled to receive as much money as will purchase the same quantity of tobacco that the sum lent would have purchased at the time of the loan.
Resolved, That every lender, at the time of advancing his money, shall receive a transferable certificate, expressing the amount of the money so lent, and the quantity of tobacco such money would purchase at the time of lending, which shall be considered as the true and only measure thereafter in estimating the sum of money to be paid to the holders of all certificates issued in consequence hereof.
And that the lenders may have the fullest assurance of receiving the principal and interest of their respective debts on the above mentioned terms and at the appointed time, Resolved, That the public faith of this Commonwealth be pledged to made [make] good all defiences which may happen in the said sinking fund, either by increasing the present, or substituting some other tax in aid of this fund.
Resolved, That the remaining three-eighths of the amount of the specific commodities, to be collected by this tax, be reserved for the purposes of purchasing military and other stores for the use of the army and navy, and of clothing and other necessaries for the use of the army, as the executive may direct, subject to the control of the General Assembly.
Resolved, That a duty, or tax of two and a half per centum, be imposed and laid upon all goods, wares, and merchandize, except salt, blankets, arms, and ammuntion, imported or brought into this State, and bought by any person resident within this Commonwealth to sell again, to be paid by the purchaser in proportion to the amount of the purchase; that the vender shall render an account, upon oath, to the commissioners of the tax for the county, of every sale of goods amounting to more than the sum of one thousand pounds, to any person resident as aforesaid within one month after such sale, under the penalty of treble the value of the tax upon the amount of goods sold; and the said commissioners shall be empowered and required to cause the purchaser to be examined upon oath, whether such goods were bought to sell again, or for his own or his family's use and consumption; and shall proceed by warrant under their hands to order the sheriff to collect the tax aforesaid, on the amount of so much of them as shall appear to have been bought to sell again; or, if the purchaser be resident within another county, the
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said commissioners shall transmit to the commissioners of the tax for the county wherein such purchaser resides, a duplicate by them attested, of the accounts returned to them by the vender, who shall thereupon proceed to have the said tax collected in the manner before directed.
Resolved, That a duty, or tax of two and a half per centum, be imposed and laid upon all goods, wares, and merchandize, except salt, blankets, arms, and ammunition, imported or brought into this State, and bought by any person or persons not resident of this Commonwealth, more than the sum of one thousand pounds; the tax to be retained in the hands of the vender, of which he shall render an account upon oath to the commissioners of the tax for the county, under the penalty of treble the tax so to be retained, within one month thereafter; and the said commissioners shall thereupon deliver a duplicate of such account, by them attested, to the sheriff of the county, to be collected by him from the seller, in the same manner that other taxes are collected. Resolved, That all venders of goods shall be subject to an assessment of two and a half per centum on the amount of all goods not of the growth or manufacture of this Commonwealth by them sold by retail (other than those by them imported) in the preceding twelve months, and the assessment shall be made thereon, and the tax collected in the same manner as the taxes on other property. Where any such retail dealers shall intend to remove out of the county, before they shall be so assessed, they shall severally give notice thereof one month prior to such removal, to the assessors of the district, who shall immediately assess such dealer's taxable property, as before directed, to be returned by them in ten days thereafter to the commissioners of the taxes for the county, who are to provide for the immediate collection thereof by the sheriff, in the usual mode. Every such retail dealer removing, without giving notice as herein directed, or removing his effects privately, or concealing them, to evade paying the said tax, shall be subjected to a penalty of treble the amount of such tax.

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