The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-08-16

owned in the United States by any citizen e
of the United States residing abroad, there I
shall be levied, collected and paid a tax OF
FIVE per centuH, excepting that portion OF ;
said income derived from interest," on
Treasury notes and other securities OF the 9
Government of the United States, when
shall pay one and one-half per centum, The
tax herein provided shall be assessed upon
the annual income of the persons hereinaf-
ter named, for the year next preceding the
time for assessing said tax, to-wit +: the year
next preceding the first of January, elgn-
teen hundred and sixty-two; and the sald
taxes, when so assessed and made public,
shall become a lien on the property or /
other sources of said income for the amount
of the same with the interests and other
expenses of collection until paid: PTOO9ded,
That in estimating said income, all nation
al, State, or local taxes assessed upon the
property, from which the income is derlV-
ed, shall be first deducted.
Sec. so. And be 1t further enacted, That
it shall be the duty of the President of the
United States, and he is hereby authorized,
by and with the advice and consent of the
Senate, to appoint one principal assessor
and one principal collector in each of the +
States and Territories of the United States,
and in the District of Columbia, to assess I
and collect the internal duties or income
tax imposed by this act, with authority IN
each of said officers to appoint so many as
sistants as the public service may require,
| to be approved by the Secretary of the
Treasury. The said taxes to be assessed
and collected under such regulations as the
Secretary Of the Treasury may prescribe
The said collectors, herein authorized to be
appointed, shall give bonds to the satisfac-
| ton of Of the Secretary of the Treasury, in
such sums as he may prescribe, for the faith
full performance of their respective duties.
And the Secretary of the Treasury shall
prescribe such reasonable compensation for
the assessment and collection of said inter
nal duties or Income tax as may appear to
him Just and proper not however, to ex-
. coed in any case the sum of two thousand
ave hundred dollars per annum for the
t principal officer herein referred to, and
} twelve hundred dollars per annum for an
assistant. The assistant collectors herein
provided shall give bonds to the satisfaction
J of the principal collector for the faithful
S performance of their duties. The Secretary
s of the Treasury is further authorized to Sc
lect and appoint one or more repositories in
: each State for the deposit and safe-keeping
of the moneys arising from the taxes herein
: imposed when collected, and the receipt of
Y the proper officer of such depository to the
# collector for the moneys deposited by him
shall be the proper voucher for such collect
t or in the settlement of his account at the
d Treasury Department And he is further
e authorized and empowered to make such Of
v ficer or depositary the disbursing agent OF
II the Treasury for the payment of all inter
> ests due to the citizens of such State upon
= the Treasury notes or other Government Sc
d curities issued by authority of law. And
l. he shall also prescribe the forms of returns
A hxy oil 90
{, SCISSORS and collectors appointed under the
is authority of this act He shall also pre-
r scribe the form of oath or obligation to bt
h taken by the several officers authorized OF
st directed to be appointed and commissioner
,r by the President under this act, before
lie competent magistrate duly authorized Il
IF administer oaths, and the form of the return
7, to be made threon to the Treasury Depart
le ment.
le ,r, ees lIiha
!, section of this act shall be due and pavabl,
II on or before the thirtieth day of June, il
!! the year eighteen hundred and sixty-tWo
: and all sums due and unpaid at that day
= shall draw interest thereafter at the rate Of
- six per centum per annum and if any per
Is son or persons shall neglect or refuse tc
Is pay after due notice said tax assessed agains
&c him, her, or them, for the space of more
. than thirty days after the same is due and
> payable, it shall be lawful for any collector
) or assistant collector charged with the duty
II of collecting such tax, and they are hereby
e authorized, to levy the same on the visible
% property of any such person, or so much
thereof as may be sufficient to pay such tax,
with the interest due thereOn, and the ex-
- penses incident to such levy and sale, first
= giving thirty days public notice of the time
!. and place of the sale thereof; and in case
g ~, E,:I, ,f
u thorized to act as agent or agents for the
;. collection of the rents other income OF
:. any person residing abroad shall neglect or
u refuse to pay the tax assessed thereon (hav-
: ing had due notice) for more than thirty
2 days after the thirtieth of June, eighteen
= hundred and sixty-tWo, the collector or his
. assistant, for the district where such Prop
? erty is located, or rents or income is pay
: able, shall be and hereby is authorized to
: levy upon the property ITSELF and to sell
= the same, or so much thereof as may be
Z, = necessary to pay the tax assessed, together
with the interest aud expenses incident to
I such levy and sale, first giving thirty days
public notice of the time md place of sale
/. And in all cases of the sale of property
: herein authorized, the conveyance by the
officer authorized to make the SALE duly
executed, shall give valid title to the pur-
: chaser, whether the property sold be real or
} personal. And the several collectors and
assistants appointed under the authority of
this act may, if they find no property to
satisfy the taxes assessed upon any person
t dis act. and which such person neglects
: tn. - '--.S Hnuer oath the person as
: sessed under this act, or any other nerso as
and may sell at public auction. after ter
days notice, any stocks, bonds, or closes in IN
aeton, belonging to said person, or SO mncb
tnereof as will pay such tax and the exnan-
| seS OF such sale; and in case he refuses to
1estlty, the said several collectors and assist
ants Shall have power to arrest such person |
/ ana commit him to prison, to be held in
custody until the same shall be paid. with
interest thereon, at the rate of six per cen
eum per annum, from the time when the
o%lne was payable as aforesaid, and all fees