Tag: the act

The Second Federal Issue

The Second Federal Issue was placed in use on March 1, 1801, and was in use through June 30, 1802.  The tax rates during this period were the same as for the First Federal Issue; however, the distribution procedures changed.  The Act of April 6, 1802 repealed the taxes paid by the embossed revenue stamps, …

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The First Federal Issue

The First Federal Issue of embossed revenue stamped paper was authorized by the Act of July 6, 1797.  Pursuant to the Act of December 15, 1797, the effective date of tax was postponed from December 31, 1799 to July 1, 1798.  The First Federal Issue embossed revenues were replaced by the Second Federal Issue on …

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