Revenue Act Of 1913 Pdf

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Revenue act of 1913 pdf. The revenue act of 1913 also known as the tariff act the underwood tariff the underwood act the underwood tariff act or the underwood simmons act ch. The revenue act of 1913 also known as the underwood tariff or the underwood simmons act re established a federal income tax in the united states and substantially lowered tariff rates. 1 this act may be called the revenue recovery act 1890. 114 october 13 1913 re imposed the federal income tax after the ratification of the sixteenth amendment and lowered basic tariff rates from 40 to 25 well below the payne aldrich tariff act of 1909.

The revenue act of 1913 also known as the tariff act the underwood tariff the underwood act the underwood tariff act or the underwood simmons act ch. 136 an act to reduce and equalize taxation to provide revenue and november 23 1921. 16 usstat 38 116 october 3 1913 re imposed the federal income tax following the ratification of the sixteenth amendment and lowered basic tariff rates from 40 to 25 well below the payne aldrich tariff act of 1909. 2 2 it extends to the whole of india.

2 the revenue recovery act 1890 act no. Wilson and other members of the democratic party had long seen high tariffs as equivalent to unfair taxes on consumers and tariff reduction was. It was signed into law by president woodrow wilson on october 3 1913 eight months after the sixteenth amendment to the u s. So much of the second schedule as relates to bengal regulation 3 of 1822.

Provided that the board may in its discretion in any case extend such period if sufficient reasons. 2 every application under sub section 1 for a review of any order must be made within a period of three months from the date of the order. Constitution was ratified on february 3 1913 which allowed for the federal income tax. 11 24 2002 3 30 21 pm.

The united states revenue act of 1913 also known as the tariff act underwood tariff or underwood simmons act ch. 1 of 1890 1 14 th february 1890 an act to make better provision for recovering certain public demands. It is hereby enacted as follows. 98 be it enacted by the senate and house of representatives of the united reveue tof 11.

The income tax was aimed at collecting revenue that many. The act was sponsored by representative oscar underwood passed by the 63rd united states congress and signed into law by president woodrow wilson. Whereas it is expedient to make better provision for recovering certain public demands. States of america in congress assembled title i general definitions.

View this article on jstor. View this article s jstor metadata. Posted september 29th 2020. Revenue act of 1913 pdf.

Revenue act of 1913 also known as the underwood tariff act. 114 october 3 1913 re imposed the federal income tax after the ratification of the sixteenth amendment and lowered basic tariff rates from 40 to 25 well below the payne aldrich tariff act of 1909.