USA HISTORY

Detailed explanation-1: -The Indian Stamp Act, 1899 (2 of 1899) is a fiscal statute laying down the law relating to tax levied in the form of stamps on instruments recording transactions & Stamp duties on instruments specified in Entry 91 of the Union List (viz.

Detailed explanation-2: -Declaratory Act. The repeal of the Stamp Act did not mean that Great Britain was surrendering any control over its colonies. The Declaratory Act, passed by Parliament on the same day the Stamp Act was repealed, stated that Parliament could make laws binding the American colonies “in all cases whatsoever."

Detailed explanation-3: -Stamp Act of 1765 (1765) The Stamp Act of 1765 was ratified by the British parliament under King George III. It imposed a tax on all papers and official documents in the American colonies, though not in England.

Detailed explanation-4: -The Stamp Act of 1797 was the first federal estate tax in the United States and was passed to help fund an undeclared war with France; it was repealed in 1802. The Revenue Act of 1862 reinstated the estate tax in order to fund the Civil War; it was abolished in 1870.

Detailed explanation-5: -The British needed to station a large army in North America as a consequence and on 22 March 1765 the British Parliament passed the Stamp Act, which sought to raise money to pay for this army through a tax on all legal and official papers and publications circulating in the colonies.