The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1863-12-24
INCOME DUTY.

That for the purpose OF modifying and
re'enacilng, as hereinafter provided, SO
much oil an act, entitled "An acl TO pro.
vide increased revenue from imports to
pay interest on the public debt, and for
other purposes" approved fifth Of Aug
ust, eighteen bundred aud sixty one, as
relates to income tax that is to say, sec :
lions forty nine, 6hy, (sxcppt so much
thereof as relates to the selection and
appointment ofdapositaries, and 6fY
one, be, and tho same are hereby, 70,
poaIed.
SIC. 90. And Be il (ur,her enacted,
That there sholIbe levied, collected, and
paid anaually, upon the annual gains,
Pfo6Is. or income of every person resi-
ding within the United States, whether
derived from any kindof property. rents,
intefrs! dividends, salaries, or from any
profession, trade, employment, or voca-
ton carried on in the Uaited States or
elsewhere, or from any other source
whatever, except as hereinafter men
toned ifsuch annual gains, profits, or
income exceed the some Of six hundred
dollars, and do not exceed the sum Of
ten thousand dollars, duty of FIVE per
centum upon the amount thereof exceed
ing six hundred dollars; and upon the
annual gains, profits. or ecome, rents,
aod dividends accruihg Gpcn any prop.
eny, and stocks owned 10 the United
States by any citizen OF the United
States residing abroad, except as herein.
after mentioned, and shot in the employ
ment Of the government OF the United
States, there shall DO levied, collected,
and paid duty of five per cen,um.
SEC. 81. Aad be Il furtler enacted,
That in estimating said annual gains
profits, or income, whether subject to a
duty, as 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
annual gains, profits. or income of such
person is or should be derived, shall be
first deducted from the gains, profits,
or income of the person or persons who
ociually pay the same, whether owner
OF tenant, aud oil gains, profits, or in
come derived from salaries Of officers, or
payments TO persons in the civil, militia.
ry, naval, or other service of the Uriled
States, including senator's, representa-
tives, and delegates in Congress. above
six hundred dollars, or derived from in.
terest or dividends savings institution,
insurance, gas, bridge, express, ,ele
graph, steamboat, ferry-boa,, or railroad
company, or corporation, or on any
bonds, or other evidences of indebted
ness of any railroad company or other
corporation, which shall have been as
sessed and paid by said banks, trust
companies, savings institutions, insur-
lance. gas. bridge, telOgr, - ...-'-=abOat,
ferry. boat, express, or railroad compa
MES, as aforesaid, or derived from adver
tisomenlO, or on any articles manufoc
iurcd, upon which specific, stamp or ad-
valorem duties shall have been directly
assessed or paid, shall also be deducted;
and the duty herein provided for shall
be assessed aud collecte upon the IN.
come for the year ending the thirty first
day ofDecembor next proceeding the
time for levying and collecting said du
ty, that is TO say, on the first day Of May,
eighteen bundled and sixty three, and
in each year thereafter: Provided, That
upon such portion of said gains, profits,
OF income, whether subject to a duty as
provided in this act of three per centum
or 1--WE per ceh'um. which shall be de
rived from interest upon notes, bonds,
or other securities oil the United States,
there shall be levied, collected, ond
paid a duty not exceeding one and one
half ofone per ceGrum ANYTHING in this
act to the contrary Notwithstanding
SEC. 90. Ind Be Il tnn6er enacted
That the duties on incomes herein i'm
posed shall be due and payable on or
before the thirticth day OF Junc, in the
year eighteen hundred and sixty three,
and in each year thereafter until and in.
Guiding the year eighteen hundred and
sixty six, and no longer; and to any
sum or sums annually due aud imp id
for thirty days after the thirlieth Of
June as ofore said, and for ten days Of,
ter demand thereof by the collector
there shall be levied in addition there
to, the sum of five per centum on the
amount Of tuties unpaid, as penalty,
except from the estates Of deceased and
insolvent persons; and if any person OF
persons, or party, liable to pay such
duty, shall neglect or refuse to pay the
same, the amour; due shall be lien in
favor of the United States from the time
it was so due un:il paid, with the inter.
est, penalties, and costs that may accrue
in addition thereto, upon al the proper
ty, and rights to property, stocks, secu
rites, and debts OF every description
from which the income upon which said
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