The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-06-25

revenue from imports. to pay interest the p,bIic
sna nor S,ssr nth
tax that to say sections forty mine Except much
thereof as relates TO the selection and appointments OF
eep.smorss) nity and hsy-ons DC ana the same arc
| Sec. so imposes tax on incomes. [see compilation
Sec co. AID BE- further eracsd, That In estimating
said annual gains profits income, wheIher subject
o. Of Ave per censum All other national State and local
taxes, lawfully assessed upon the property other
Of income Of any person as alo from which
should be derived, shall be hrst deducted from the
gains profits or income OF the person or persons who
actually pay the same whether owner or tenant and all
gains profits income derived from salaries OF officers
payments TO persons In the cyll, military naval
other service Of the United states including Senator's
representatives. and delegates Congress except above
$780, derived from interest di idends stock
capital o. deposits 10 any bank trust company or
graph, steamboat ferry railroad company, or
corporation, on any bonds Other evidences Of in.
deDtedness or any railroad company or other corpora
ton, which shall have been assessed and paid by said
banks, trust companies, savings institutions, insurance,
| Or railroad companies, aforesaid, or derived
from advertisements Or on sapy articles manufac-
shall have beea directly assessed paid shall also
deducted; and the duty herein provided for shall be
assessed andcolected upon tho income tor the year
ing the thirty rst day OF December next preceding the
time for svyng and Collecting said duty that Is TO sag
on the first day Of May, eighteen hundred and sixty
three and in each year thereafter Provided that upon
such portion of said gains, profits income, whether
subject to duty as provided in this Of three per
centum OF tive per centm, which shall be derived
from Interest upon notes. bonds other securities OF
the United States, thore shall be levied collected aud
paid duty not exceeding and ono half Of per
centum anything in this the contrary notwith.
standing.
Sec 81. Andbs it further enacted, That tho duties on
incomes herein imposed Shall be due and payable
before the thirty day or July III the year eighteen
hundred and sixty three, and in zach year thereafter
six and no longer and 70 any sum or sums snnay due
and unpaid for thirty days aftor the thirty first OF July
as aforesaid and for ten days after demand thereof by
collector there shall be levied in addition lhorcto
Of hve per centum on the amount of duties unpaid
penalty, except from the estates Of deceased and in
solvent persons; and any person persons party
ableto pay such duty shall neglect refuse 10 pay the
same, the amount due shall be lien in favor Of the
United States from tho was 50 due until paid
with the interest penalties and costs that may accrue in
addition thereto, upon all the property and rights
stocks securities and debts OF every descrp
ton from which the income upon which said duty
ssssed or levied shall have accrued may should
crue and in default Of the payment said duty for the
space OF thirty days after the same shall have become
DE, and be demanded as aforesaid, said lien may be
enforced by distrait such property rights pro
pcty, stocks securities and evidences Of debt by whom
soever holden and for this purp tho Commissioner Of
Internal Revenue upon the certificate VI the collector
depay collector that said duty rs due and unpaid for the
space of ten days after notice duly given the levy Of
such duty, shall issue warrant, in form and manner
- be prescribed by said Commissioner of Internal
Revenue, uLder the directions OF the Secretary OF the
Treasury and by virtue Of such warrant there may bc
levied on such property rights 70 property, Stocks
rites and evidences debt further sum TO be liked
and stated in such warrant and above the an
nnal duty, interest and penalty for yment sui
the fees and penses OF such levy and in ali
cases OF SALE aforesaid the certificate sale by
hecolecor deputy collector OF the sale shall give title
to the purchaser of all right title and interest such
nquen in and to such property, whether the property
be real or PERSONAL and where the subject Of sale shall
be stocks, the certificate Of said sale shall be lawful
authority and notice TO the proper corporation, company
association, to record the their books Or
records, in the Same manner as transferred or
new certificates Of stock therefor in lieu Of any original
prior certificates, which shall be void whether
celled not; and said certificates Of sale Of the col
lector or deputy collector, where the subject OF sale
shall DO securities other evidences OF debit shall be
good and valid receipts TO the person party holding
party holding, clming to hold, possession OF such
securities or other ey fdeRcesof debt
o s a1 it sn BE- IL, The
trustees whether such trustees by virtue their
Office as executors administrators or other hduciary
capacity 70 make return in the list or schedule pro-
vded in this act 10 the proper officer Of internal
Lu0, OF the amount Of his or her income the income
Aforesaid according 10 the requirements hereinnerore
stated and in case Of neglect or refusal TO make such
return the assessor assistant assessor sha assess
the amount Of hsr her income and proceed thereafter
70 collect tho duty thereon in the manner ID
provided for in other Of neglect and refusal
nsh s Of IN ns % Of TINS
assessor may increase the amount Of the list return
Of any party making such return ho shall be salts
party In his or her own behalf, guardian
too as aforesaid, shall DO permitted declare under
be prescribed BY the Commssion Ql Internal Revenue,
that no Or she wa5 hot possessed q an income Of six
hundred dollars liable to bs assessed according to the
provns Of this act, or that he or she has been as
ssssea s9s 'es s,%s sa! !0r e income as
upon exempt from income duty; or, II the list
return Of any party shall have been increased by the
assistant assessor in manner as Aforesaid ne or she
may be permitted TO declare, aforesaid, the amount
Of his or her annual income, or the amount held in
trust aforesaid liable T. be assessed aforesaid,
s.ar shall la svaIa
upon which duties are to be assessed and collected
srAaip DUTIES.
Sec. 93 And be 10 further enacted, That and after
the fist day Of August eighteen hundred and sixty
two hero shall be levied collected and paid for and in
respect Of the several instruments, matters and things
mentioned and described in the schedule (markea 81
hereunto annexed Tor or in respect OF the vcllum
parchment paper upon which sach instruments, mat
tiers or things any OF them, snail be written or print
ed, by any person persons, party, who shall make
sign Issue the same, TOR whose use benefit the
same shall made signed issued the several duties
Of money set down in figures against tho same
respectively or otherwise specified or set forth in the
said schedule.
persons shall make sign ISSUE to be made,
signed issued, instrument document or paper Of
nny kind description Whatsoever, without the
being duly s,am ed denotiug tho dity hereby i'm
posed thereon or without having theTenpon an adhesive
stamp 70 denote said duty such person or persons snail
incur penalty OF nifty dollars, and such instrument,
document or paper as aforesaid, SHAH bc deemed Invalid
and OF no effect.
Sec s5. and De IL fur her enacted That stamp ap-
propracd TO denote the duty charged on any particular
instruiAent and bearing the OF sich
the face thereof, shall DO used for dehong any other
duty Of the amount, or If 80 used the shall
be OF avail
Sec. sc. A,d Le Il further encc'cd, That vellum,
parchment paper, bearing Stamp approi rated by
any particular nstrum shall be used Tor any
other purpose, or If SO used, the sarno shall be Of no
avail. #tSMN
sec. OF. And be further enacted That II any person
shall forge or counterfeit or cause or procure to be
forged ccuntoreed stamp or dio or any part Of
any stamp die, which shall have been provided, made
or used in pursuance OF this act or shall FORGE counter
felt resemble Gauge procure to be oigcd,
ter cited resemb cd the impress any part o. the
impression, Of such stamp OF die, rs Aforesaid
any yciun pa chment or paper or snail stamp or max,
procure W be stamped or marked, any vel,
linn, parchment paper, with any such forged
forfeited stamp or dio, or part of aiy stamp or die,
cod with intent u d,fraud the United states OF
any the duties horoby imposed or any part thereof,
OF II any person shall uter or SELL or expose TO sale,
any vellm parchment paper, article or thing, having
thereupon the mp csson VI any such counterielted
ct or III nv sinfun Il