The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1861-08-23

Al l..
.oms. thorn shall DO deducted, besides ,he
-. ~ a;,h, hundred dollars, as aioresliu'
All ioeal or State taxes. the wages ls''u ~
~. .nd other charges incident 70 suou
profits, gains and incomes, NOT 'io ,'S ",snns,
sonal and family expenses, IN sucn ~ ss' LII
as to leave the annual net income " vao"
and every person, excepting tho usuue,ious
heretofore and hereafter mentioned, suDjee'
10 taxation under the provisions oil TINS ACT
Provided, That no person, member or eorpO-
ra,or Of any company. institution, or assH-
citation or corporation. charged or charseaole
with a tax under this act, shall he requ'rnsu
or be subjected individually to TAXATION ,or
his or her share OF the profits, gains OF ~,
comes Of such company. institution as'Vea
ton or corporation which shan nav III
taxed under the provisions OF tins ACT, anu
raid in whole by said company, ins,''u''oh'
assoc;a,;or or corporation; but where the
;ncoms t,y L derived IRON persons residing
ahr"aJ hnt drawing money from their prop
s,,v IN this country, the rate shall be i've
Der cent. per annum.
Section 65. AndJs IL further enGeicd, That
each and every person, company institution,
association, corporate or not corporate anu
eorporator, as mentioned in the precedinS
section. shall, ON the first day OF April next,
and each wear thereafter, cause statement
10 DO prepared and verified by the oath OF
such person, or by the oath OF the principal
manager OF such company. institution, asso-
citation, corporate or not corporate, which
statement shall exhibit the amount of prOi-
its. Gains and incomes of said person, COM
many. institution, association, corporate OF
NOT eorporste. for the year ending on the
said FIST day Of April, which statement shall
within thirty DAYS from the first day of April,
10 lodged with the collector OF the excise or
internal taxes for the district in which the
principal place Of business OF such person
or persons, company, association, institution,
corporate or not corporate, is situated ana
II shall be the duty of such collector to give
public notice that he will attend at conyen-
lent places TO receive such statement and the
amount Of tax or duty payable thereon, and
shall give n receipt or receipts for the amount
paid and IL any person or persons earning
OF having profits, gains or incomes, IN his
own right or in trust, above the sum OF eight
hundred dollars, as hcreinbeiore mentioned
or any company, institution, assochton''Sr'
porate or not corporate, earning or having
profits, gains or incomes above the sum OF
eight hundred dollars, as hereinbciore mem
toned, shall neglect or refuse 10 cause such
statement TO DO made, lodged with the coli
lector and verified, rs aforesaid, the amount
of tax or duty may and shall be fixed by the
collector, and after ten days notice may be
levied by distraint in the manner prescribed
in other cases Of delinquency by this act.
One section allows deduction Of fifteen
per cent. when the State assumes, assesses
and collects the direct income and excise tax
es for the Federal Government.
TIE AMENDED rARiFF.
The now tariff act which has been passed
by Congress is mainly the Chase bill, with a
few unimportant alterations, and the addi-
ton Of an important section, which We pub
lish below. The bill largely increases the
duties on liquors, teas, coffee, and some 9TH
or Injuries. The following compromise Sec
ton, added by the Committee of Conference
on the bill, is important to importers;
Sec. 5. And Be a. further enacted, That all
goods, wares and merchandise actually on
shipboard and bound to the United States,
and all goods, wares and merchandise on de-
pOsit in warehouses or public stores Mt the
date Of the passage OF this act, shall be sub
jec, to pay such duties as are provided by
law before and at the time OF the passage OF
this act And provided further, That all
goods deposited in public store or bonded
warehouse after this act takes ELECT and goes
into operation, il designed for consumption
in the United States, must DO withdrawn
thcrelrom, or the duties thereon paid in three
months after the same arc deposited, and
goods designed for expectation and eonsump-
ton in foreign countries may be withdrawn
by the owner at any time before the expirl-
ton OF three wears after the same are depos-
itcd, such goods, If not withdrawn in three
wears, TO DO regarded us abandoned to the
Government, and sold under such regula-
tons US the Secretary Of the Treasury may
prescribe, and the proceeds paid into the
Treasury Provided, That merchandise, upon
which the owner may have neglected to pay
duties within three months trom the time OF
its deposit, may be withdrawn and entered
for consumption at any time within two years
OF the time OF is deposit, upon the payment
of the legal duties. with an addition OF twen-
ty-fyc Der ccntum thereto: Provided, also,
That merchandise upon which duties have
been paid. If exported to u foreign country
within three years. shall he entitled To return
duties. proper evidence OF such merchandise
having been landed abroad to be furnished
to the collector by the importer, one per
centum Of said duties to DO retained by the
Government.
eve are in receipt Of Information which