Cotton Industry (Reorganisation) Act 1936
Encyclopedia
The Cotton Industry Act 1936 was an Act of Parliament
in the United Kingdom
which introduced a compulsory levy
on cotton machinery. The proceeds from this levy were used to scrap surplus spindles.
Act of Parliament
An Act of Parliament is a statute enacted as primary legislation by a national or sub-national parliament. In the Republic of Ireland the term Act of the Oireachtas is used, and in the United States the term Act of Congress is used.In Commonwealth countries, the term is used both in a narrow...
in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
which introduced a compulsory levy
Tax
To tax is to impose a financial charge or other levy upon a taxpayer by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many subnational entities...
on cotton machinery. The proceeds from this levy were used to scrap surplus spindles.