Smyrna times., 1863-04-23


Provided, however, that upon the income
derived from interest upon the notes, bonds.
or other securities of the United States, IA
duty OF one aud half per cent will be le-
We'd.
Every farmer or planter will be required
to make return OF the value of the PRO-
duce of his farm or plantation, without de-
duction for the labor or services of himself
or family, or for any portion of such pro-
duce consumed by himself or family.
The following deductions will be made
from the aggregate income Of each person,
and the tax assessed upon the remainder,
VIZ The State and local tax assessed in
the caIander year proceeding this assessment,
to wit: from January lst, 1862, to Decem-
Der 3lst, 1862, inclusive. The salaries of
officers or payments to persons in the SER
vice or employment of the United States,
from which deduction of three per cent
has been made by the disbursing officer of
the government.
The interest or dividends on stocks. cap
ltal, or deposits in any bank, trust company
or saving institution, insurance, bridge, ex-
press, steamboat, tcrryboat, railroad compa-
ny or corporation, from which interet or
dividends duty of three per cent shall
have been deducted by the officers of such
companies, corporations or associations
Interest from any bonds or other evidences
OF indebtedness of any railroad company or
other association from which duty OF three
per cent. shall have been deducted by the
officers of snch company or corporation,
and receipts derived from advertisements
on which duty shall have been assessed
and paid. Also, the sum of $500, excep,
III those cases where the whole or any part
of said 5000 shall have been deducted from
the salaries or pay of officers or persons in
the service or employment of the United
States. The amount actually paid for the
rent of any dwelling house or estate which
is the residence of the person assessed, and
the amount paid by any farmer or planter
for hired labor and the necessary repairs
upon his farm or plantation, including the
subsistence Of the labOrers.
Whenever the total income of any person
exceeds 10000, and deductions are made
therefrom upon the. ground that portion
of such income has been subject to three.
per cent. duty upon dividends or interest
pild 10y companies, corporations or aSsOcia-
tons as before enumerated, such person will
be subject to a tax of 2 per cent additional
upon So much of his income as my have
been previously subjected to duty of 3
per cent. by the officers of the companies,
corporations or associations before named
Guardians and trustees, whether such
trusteets are so by virtue of their office, or
executors, administrators or other Judiciary
capacity, are required to make a return OF
the income belonging to minors, or other
persons, which may be held in trust as afore-
said, and the income tax will be assessed
upon the amount returned, after deducting
such sums as are exempted from the income
tax as aforesaid Provided. that the exemp.
ton OF $500 under section 80 OF the excisl
law, shall not be allowed on account of any
minor or other beneficiary of trust except
upon the statement of the guardian or trus
tee, made under oath, that the minor or he
neficaiy has no other income from whicl
the said amount OF 5000 may be exempted
and deducted.
Whenever persons liable to assessment o
income tax shall neglect or refuse to max,
= the lists required by law, or when the list
made and rendered by such persons shal
> not be accepted by the assessor or assistan
f assessor as just and proper, it shall be tn
= duty of such assessor or assistant asseSso
Il to make lists for such persons according I
} the best information he can obtain. PEI
. sons so assessed may make oath or affirms
ton as to the amount of income and dedut
N tons therefore, agreeable TO section 93.
:. Persons receiving rent may deduct ther,
| al,o g.
insurance and interest ON incumberanct
"a upon such rented property. The cost
10 new structure OF improvements to buildin.
~ shall not be deducted from the income.
. The tax must be levied upon all dividen'
n. declared prior to September lst, 1862, ar
-. upon $500 of all salaries OF officers or pa
ar ments to persons in the civil, military, nav
or other service of the United States
services rendered prior to the same dat
must also be taxed. Interest paid by hi
on membranes upon the dwelling hou
= or estate on which the assessed person /
sides. may be deducted from the incom
. Also the payments for necessary repairs.
,. Farm produce which the producer has
ue hand on the 3lst day of December, l8G
or must be appraised at its market value
tnat uty.
OF The income tax shall be included in t
ne, annual list, and appeals and other procee
ry ings held az provided by law.
10. The Commissioner of Internal Reven
lis has decided that sails, tents, shades, a
,cs nings and bags, VIII, n manutac ured by p
he sons who own the material, are subject
ac- a duty of three per cent. ad raLorem. Wh'
ms ever the cloth or material used in the mar
of fscture ofthe above enumerated articles sh
ed have been imported, or shall have been 81
rec ject to and paid duty under the excise la
ia and the party manufacturing such article
rat not the owner OF the materials, the artic
on so manufactured are exempt from duty.
.he rses-aN - ------.----. .....,..
per The Failure at Charleston In It's Bes