Stamp Act

A stamp act is any legislation that requires a tax to be paid on the transfer of certain documents. Those that pay the tax receive an official stamp on their documents, making them legal documents. The taxes raised under a stamp act are called stamp duty. This system of taxation was first devised in the Netherlands in 1624 after a public competition to find a new form of tax. A variety of products have been covered by stamp acts including playing cards, patent medicines, cheques, mortgages, contracts and newspapers. The items often have to be physically stamped at approved government offices following payment of the duty, although methods involving annual payment of a fixed sum or purchase of adhesive stamps are more practical and common. Stamp acts have been enforced in many countries, including Australia, People's Republic of China, Canada, Ireland, India, Malaysia, Israel, the United Kingdom and the United States of America.

Read more about Stamp ActStamp Acts in Britain and America

Other articles related to "stamp act, acts, act, stamp, stamps":

South Carolina In The American Revolution - Prewar Causes
... up the costs of the French and Indian War and Pontiac's Rebellion, to protest the Stamp Act, South Carolina sent wealthy rice planter Thomas Lynch, 26-year old lawyer John Rutledge ... In 1767 the Townsend Acts made new taxes on glass, oil, wine, tea, paper, and other goods ... Carolinians, including those who represented the colony in the Stamp Act Congress, headed for Philadelphia, and Henry Middleton served as president for part of Congress ...
Taxation History Of The United States - Colonial Taxation - Stamp Act
... The Stamp Act of 1765 was the fourth Stamp Act to be passed by the Parliament of Great Britain and required all legal documents, permits, commercial contracts ... The exact date the Act was enacted was on November 1, 1765 ... The Act was enacted in order to defray the cost of maintaining the military presence protecting the colonies ...
Stamp Acts in Britain and America - 1765 Stamp Act - The Modern UK Stamp Act
... In 1914 The Director of Stamping at the Stamp Office oversaw the production of the first Treasury Notes (later called banknotes, not to be confused with US Treasury notes) ... In 1963 production of postage stamps passed to the General Post Office ... The Finance Act 1986 introduced Stamp Duty Reserve Tax ...
Timothy Ruggles - Stamp Act
... in 1763, he was selected as a delegate to the first colonial (or Stamp Act) congress of 1765 meeting in New York on October 7, Ruggles was elected its president ...
Federal Hall - History - Historic Building
... In October 1765, delegates from nine of the 13 colonies met as the Stamp Act Congress in response to the levying of the Stamp Act by the Parliament of Great Britain ... Acts adopted here included the Northwest Ordinance, which set up what would later become the states of Ohio, Indiana, Illinois, Michigan and Wisconsin, but more fundamentally prohibited slavery in these ... was proposed in Federal Hall, establishing the freedoms claimed by the Stamp Act Congress on the same site 24 years earlier ...

Famous quotes containing the words act and/or stamp:

    Yes, having a child is surely the most beautifully irrational act that two people in love can commit.
    Bill Cosby (20th century)

    If she must teem,
    Create her child of spleen, that it may live
    And be a thwart disnatured torment to her!
    Let it stamp wrinkles in her brow of youth,
    With cadent tears fret channels in her cheeks,
    Turn all her mother’s pains and benefits
    To laughter and contempt, that she may feel
    How sharper than a serpent’s tooth it is
    To have a thankless child!
    William Shakespeare (1564–1616)