Double Duty tax paid on Promissory Note
Combined usage of a 9¢ First bill issue and a 6¢ Second bill issue.
- The initial amount of the note was $330 including interest at maturity requiring 12¢ in tax to be paid. The interest was not included in the initial tax therefore they were required to pay twice the amount owing, an additional 6¢ in tax. This amount was applied on June 4, 1866, just over a year later.
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