Chapter VIII. *exempt Wrapping-Paper, made from Wood or Cornstalks, from Internal Tax, and for other Purposes.*March 26, 1867. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Wrapping-paper made of wood, &c. exempt from internal tax
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CHAP. VIII.— An Act *exempt Wrapping-Paper, made from Wood or Cornstalks, from Internal Tax, and for other Purposes.*March 26, 1867. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Wrapping-paper made of wood, &c. exempt from internal tax.That, from and after the passage of this act, wrapping-paper, made of wood or cornstalks, shall be exempt from internal tax. Sec. 2. *And be it further enacted,*Ten per cent tax to be paid by banks, bankers, &c. upon notes of cities, &c. paid out by them after May 1, 1867.
That every national banking association, state bank, or banker, or association, shall pay a tax of ten per centum on the amount of notes of any town, city, or municipal corporation paid out by them after the first day of May, anno Domini eighteen hundred and sixty-seven, to be collected in the mode and manner in which the tax on the notes of state banks is collected. Sec. 3. *And be it further enacted,*All wrapping- paper to be free from internal tax. That wrapping-paper made from any other material than that cited in the first section shall be also exempt from internal tax.
Sec. 4. *And be it further enacted,*Wooden ladders exempt. That from and after the passage of this act, ladders made wholly of wood shall be exempt from internal tax. Approved, March 26, 1867.