Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1863-04-20
BY commend Of BRIG GEN CARRISGToN
H. t. MADISON. 1t & a ID. U, A. \. A @.
The Income Tax-Eyery one tn be As
seSsd on the Isrof nay-The PrOvi.
sions Of the Act.

WASHINGTON, April ID.
The Commissioner of Internal Revenue has
just issued the following regulations for the as
sessment Of the income tax. The Assessor and
assistant Assessor of each collection district will
assess The income tax, on The first day OF Nav
next upon every person residing within the dis
rrict liable thereto Each person viii be required
to return his total income. 80 far specifying the
sources from which it is derived enable the
assistant Assessor to decide what deductions shall
be made thereirom Persons whose income does
not exceed the sum of $40 900, and who reside in
The Unitet. States, will be subject to n duty of
per cent. on such portion thereof as is liable 10
taxation; provided, however. that upon the in
come derives from interest upon notes, bonds, or
other securities of tn. United States. a duty Of
IL per cent will be levied. Persons whose in
comes exceed $40 900, will be subject to duty
of ) per cent. on the portion thereof subject to
taxation: provided however, that upon the in
come derived from interest uDon the notes, bonds
or other securities Of the United States duty ot
Il per cent will be levied Citizens of the
United States residing abroad and not in the EN-
plo ment Of the Government of the United
States, will he subject to duty of ) per cent on
the income of any property, securities or stocks
owned in the United States and not exem t.
from the income tax; provided, however that
upon the income derived from the interest upon
notes, bonds. or other securities of the United
States, "a duty of II per cent will he levied
Every Garner or planter will be required 10 make
return OF the value OF the produce Of his farm or
plantation. without deduction for the labor or
services of himself and his family. or for anv por
ton OF such produce consumed by himself and
family
The following deductions will be made from
the aggregate income of each person. and the
TAX assessed upon the rem iiHler. VIZ State
and local taxes assessed in the calendar ear pre-
cedng thi, assess ment, to wit Prom January
u, 1869, To December lst 1862, inclusive sll-
aries OF officers or p,ymeuts to persons in the
service or emnlo, nient of the United States
from which DEDUCTION OF three per cent has
been made by the dsburSng officers of the Gov
eminent; interest or dividends of stock, capital
deposits in any bank. triS, company or savings
institutions. insurance. bridges, EXPIRES steam
boat, ferry boat. railroad company or corporation.
from hich interest or dividends duty oi three
per cent shall have been deducted by the officers
OF such companies. corporations or associations
Interest from any bonls or other evidences of
Indebtedness of anv railroad crmDinv or other
corporation, from which duty o three per cent
shall have been deducted bv the officers of such
COMPANY or corporation. and receipts deri-ed
from advertisements. on which duty shall have
been assessed and pfid; also the OF S6no
EXCEPT in those cases where the whole or any
part OF said 500 shall nave been deducted from
the salaries or pay OF officers persons in tie
service or employment OF the United States. the
amount actually paid for the rent of every dwell
in. house or estate which is the residence of the
person assessed; and the amount paid by any
farmer or planter for hirei labor and necessary
repairs upon his farm plantation. including the
subsistence of the ahorers.
Whenever the total income of person ex-
ceeds 900 aud deductions made there
rom, upon tie ground that a portion of such in
come has been subject to 3 per cent duty upon
dividends or interests paid hs companies, corpo-
rations. or associations ~ before enumerated,
ach person viii DE subject IL tax OF per cent
additional upon ~ much OF his income as may
have been previously subjected to duty of 3 per
cent by the officers Of the company. corporation
or $50 ton above named 6uarilans and
trustees whether snch trustees are 50 by virtue
81 their Office executors. administrations or
other judiciary capacity, are required 10 make
return Of The income belois4 ia. u minors or
other recsou~ which may ~ he'd in trust -
aforesaid and the income tx VII be assessed
un0u the amount returned alser dedUciing such
Sums age exempted from the income taxes
Aforesaid. provided that the exemption OF $500
under section, g. Of the Excise Law shall not re
alioHe e. on account ot any MINOR OF other bene
hciary Of trust. except upon the statement OF
the guardian trustee made under oath. that
the minor or benih, larry has no other IL
come from which sid amount of som may oe
exempted and deducted. Whenever person, lil-
bic ~ assessment 81 income tax shall Heg iect
refuse q make the l>tS required ~ NV.
or when the lists made aud ten!ere1 by such
e-sous shall not ne accepted by the tssesssrs Or
a~-i-trut assessors be lust and pruper, II shall be
fle duty OF such assessor or assistant assessor -
m Ike Isis for such frsous according 10 the best
information he can obtain. Persons 20 assessed
nav take olth or affil nation IS % the amount o 4
income and deinction therefrom. aEFeeahly %
section 80
Persons receiving rent may deduct therefrom
the amount paid for nece ssary repairs. Insurance
aud interes, on incumberauce upon such rented
property The cost of new structures oFimprovt-
ments TO buildings shall not be- deducted from the