Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-09-01


newspaper, magazine. review, or other lit
erary, scientific, news publication, issued
periodically, shall be exempt from duty !:
ARd provided further, That all newspapers
whose circulation does not exceed two thou
sand copies shall be exempted from all
taxes for-advertisements.
INCOME DUTY,
Sec. 80. And be it further enacted, That
for the purpose of modifying and re-enact-
ing, as hereinafter provided, so much of
an act, entitled IAN act to provide increased
revenue from imports to pay interest on
the public debt, and for other purposes"
approved fifth of August, eighteen hun
dred aud sixty-one, as relates to income
tax, that is to say, sections forty-nine, fifty
Except so much thereof as relates to the
selection and appointment of depositories,)
and fifty-one, be, and the same are hereby
repealed.
Sec. 80. And be it further enacted, That
there shall be levied, collected and paid
snnually, upon the annual gains, profits,
or income of every person residing in the
United States, whether derived from any
kind of property, rents, interest, dividends,
salaries, or from any profession. trade.
employment, or vocation carried on in the
United States or elsewhere; or from any
other source whatever, except as herein
after mentioned, if such annual gains,
profits, or income exceed the sum of six
hundred dollars, and do not exceed the
sum of ten thousand dollars, duty of
three per centum on the amount of such
annual gains, profits or income over and
above the said sum of six hundred dollars;
If said income exceeds the sum of ten
thousand dollars, duty of five per eentum
upon the amount thereof exceeding six
hundred dollars; aud upon tie annual
gains, profits, or income, rents, and divi-
deuds accruing upon any property, secure
ties, and stocks owned in the United States
by any citizen of the United States resid-
ing abroad, except as hereinafter men
toned, and not in the employment of the
Government of the United States there
shall be levied collected, aud paid duty
of five per centum.
SEC. 91. And be it further enacted. That
10 estimating said annual gains, profits, or
income, whether subject to duty, as pro-
vided in this act, of three per centum, or of
five per centum, all other national, State,
and local taxes, lawfully assessed upon the
property or other sources of income Of any
person as aforesaid, from which said annu-
al gains, profits, or income of such person
is or should be derived, shall be first de-
Quoted from the gains, profits, or income
OF the person or persons who actually pay
the same, whether owner or tenant, and all
gains, profits, or income derived from SAL
aries of officers, or payments to persons in
the civil. military, naval, or other service
of the United States, including Senators,
Representatives, and delegates in Congress,
above six hundred dollars, or derived from
interest OF dividends on stock, capital, or
deposits in any bank, trust company, or
savings institution, insurance, gas, bridge,
express, telegraph, steamboat, ferry-bOat,
or railroad company, or corporation, or on
any bonds or other evidences of indebted
ness of any railroad company or other cor
poratiou, which shall have been assessed
and paid by said banks, trust companies,
savings institutions, insurance, gas, bridge,
telegraph, steamboat, ferry-boat, express,
or railroad companies, as aforesaid, or de-
rived from advertisements, or on any arti-
cles manufactured, upon which specific,
stamp or advAlorem duties shall have been
directly assessed or paid, shall also be de-
Quoted; and the duty herein provided for
shall be assessed and collected upon the
income for the year ending the thirty-frst
day of December next preceding the time
for levyiug and collecting said duty, that
is to say, on the first day of May, eighteen
hundred aud sixty.three, aud in each year
thereafter Provided, That upon such por-
tion of said gains, profits, or income, wheth-
er subject to duty as provided in this act
of three per centnm or Eve per centum,
which shall be derived from interest upon
notes, bonds, or other securities of the
United States, there shall be levied, col
lected, and paid duty not exceeding one
and oue-half of one per centum, anything
in this act to the contrary Notwithstanding.
Sec. 90. And be it further enacted, That
the duties on incomes herein imposed shall
be due and payable on or before the Thrift
eth day of June, in the year eighteen hun
dred and sixty-three, and in each year
thereafter until and including the year
eighteen hundred and sixty-six and no
longer, and to any sum or sums annually
due and unpaid for thirty days after the
thirtieth day of June, as aforesaid, aud for
ten days after demand thereof by the coll
lector. there shall be levied, in addition
thereto. the sum of FIVE per centum on the
amount of duties unpaid, as a penalty, ex-
cept from the estates of deceased and insol-
vent persousi and If any person or persons,
or party, liable to pay such duty, shall neg
lect or refuse TO pay the same, the amount
due shall be lein in favor of the United
States from the time it was due until paid,
with the interest, penalties, and costs that
may accrue in addition thereto, upon all
the property, and rights to property, stocks,
securities, and debts of every description
from which the income upon which said
duty is assessed or levied shall have accru-
ed or may or should accrue and in default
Of the payment of said duty for the space
of thirty days, after the same shall have be-
come due, and be demanded, as aforesaid,
said lien may be:enforced by distraint upon
such property, rights to property, stocks.
securities, aud evidences of debt, by whom
soever holden; and for this purpose the
Commissioner of Internal Revenue, upon
the certificate Of the collector or deputy
collector that said duty is due and unpaid
for the space of ten days after notice duly
given of the levy of such duty, shall Issue a
warrant, in form and manner to be'prescri-
| bed by snid Commissioners nf Internal Re-