The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1861-08-10
The Direct and Income Tax

The law imposing a direct and income
tax, which passed Congress on Friday, was
included by the committee OF conference
in the same bill with the tariff act The
tax law begins with the eight section which
imposes a direct tax annually of $40, OOO,-
| 600, apportioned among the several States,
the assessment on Illinois being 81, LAG, 55l.
ASSESSORS AND COLLECTORS
Sections 9, 10, ii and II of the bill do
clare the mode of appointing assessors and
collectors, and their duties The Secretary
Of tho Treasury will divide the::Statea Ter
ritoriss and District of Columbia into con-
venient districts, and appoint an assessor
and collector, who must be freeholders and
residents in each district They must give
suitable bonds, and take oath to execute
their offices faithfully
NODE OF ASSESSMENT. g.
Sec. Is, IA, Is and l6 enact the mode of
assessment. The direct to x laid by the act
is to be assessed and laid on the value of
all lands and lots of ground, with their i'm
provements and dwelling houses, which
several articles subject to taxation shall be
enumerated and valued by the respective
assessors ut the rate each of them is worth
in money on the first day Of April, 1862:
Proriaed however, that all property of
whatever kind coming within any Of the
foregoing descriptions, and belonging to
the United States or any State, or permant
ly or specially exempted from taxation by
the laws of the State wherein the same
may be situated at the time Of the passage
of this act, together with such property be-
longing to any individual who actually re.
sides thereon, as shall be worth the sum of
five hundred dollars. shall be exempted
from the aforesaid enumeration and value
alton, and from the direct tax aforesaid
And provided further, that, IN making such
assessment, due regard shall be had to any
valuation that may have been made under
the authority of the State or Territory at
any period nearest to said first day of April.
Persons will be required to give written
lists of lots and dwellings liable to direct
tax, IN default of which, or in case of fraud
ulent return, the assessor will make such
lists; and in case of fraud the person OF
Tending may also be convicted before any
court having competent jurisdiction and
fined $500
ABSENTEE PROPERTY OWNERS
In case of the absence of property own
crs the assessor must leave note reauir-
ing the owner to present the list within ten
days. If he refuses the assessor may enter
the premises and make tho list Owners
may make out tho lists of property situated
In districts in which they do not reside,
and shall be valid and sufficient for the
purposes Of this act, and on the delivery
OF every such list the person making and
delivering the same shall pay to the asses
sor one dollar, which he shall retain to his
own use.
PUBLICATION OF TAX LISTS AND RECTIFIC ATOMS
After valuations are assessed lists must
be published by the assessor in each dis
trict, and for twenty-five days after publ
cation appeals will be received and deter
mined relative TO excessive valuations or
enumeratons. No valuation shall be in
creased without previous notice of at least
five days
The Board of Assessors must carefully
examine the lists Of valuation, and they
may revise, adjust and equalizo the valu-
ation Of property III any county or State
district, by adding thereto, or deducting
therefron. such rate per centum rs shall,
under the valuation Of the several county
and State districts, be just and equitable.
irosidsd, The Observation-Disclosures Of property
in the same county shall not be changed,
unless manifest error or imperfection shall
pr "a IA any vi the iIsts OF valuation, III
which case they have power to correc. the/
same, as to them shall appear just and
right And If in consequence OF any re-
Visai, change, and alteration of the said
valuation, any inequality shall be produced
in the apportionment OF the direct tax to
the several States, it shall be the duty of
the Secretary of the Treasury TO report the
same to Congress, to the inten! that proyi.
sion may be made by law for rectifying such
inequality.
When the assessors have completed the
adjustment and equalization, the proper
quota of a State shall be apportioned.
UNPAID TANEs