Nebraska advertiser., 1863-01-24
INCOME DUTY

A~N0O-11
Sec. SO. And be it further enacted, That for the
purpose of modifying and re-eeacting, as hereinafter
providee, 50 much Of ala act, entitled "An act TO
provide increased revenue from imports to pay in
terest on the public debt, and for other purposes
approved fifth of August, eighteen hundred and
s~ixty-one, as relates to income tax that is to say,
%sctions forty nine, fifty, Except SO much thereof as
relates to the selection and appointment Of deposit
taries, and ~6fty-One, be, and the same are hereby,
repealed.
Sec. 90. And be it further enacted, That there
shall be levied collected, and paid annually, 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, sal
aries, or. from any pro fession, trade, employment, OF
vocation carried on in the United States or else
where, or from any other source whatever, except as
b ereinafter 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,
a duty Of three per eentum on the amount Of such
annual gains, profits, or income over and above the
said sum of six hundred dollars if said income ex-
ceeds the sum Of ten thousand dollars, a duty of FIVE
per centum upon the amount thereof exceeding six
hundred dOllaIs and upon the annual gains, profits
Or income, rents, and dividens aecruiRg upon any
property, securities, and stocks owned in the uni
ted st ties by any citizen Of the United States re-
siding abroad, except as hereinafter mentioned, and
not in the employment of the government Of the
United States, there shall be levied, collected, and
paid a duty of FIVE per centum.
Sec. 81. And be If further enacted, That in esti-
mating said annual gains, profits, or inccmo, wheth-
er subject TO q duty, as pro ided in this act, of
three per eentum, or Of five per eentum, ali other
national, state and local taxes, lawfully assessed
upon the pIoIerty or other sources Of income of any
person as aforesaid, from which said annusl gains
profits, or income Of such person is or should be de-
rived, shall be frs deducted from the gains, profits,
or income of the person OF PerSOns who actually pay
the same, whether owner or tenant, and ali gains,
profits, or income derived from salaries Of officers, or
pa yments to persons in the civil, military, naval, or
other service of the United States, including seua-
toIs, representatives, aud delegates in Con sress.
above six hundred dollars, or derived from interest
or dividends on stock, capital, or deposits in any
bank, trust company, or savings institution, Insu-
rance, gas, bridge, express, telegraph, steamboat,
ferry boat, or railroad company, or corporation, ORION
any boudS or other evidences OF Indebtedness of anv
railroad company or other corporation, which shall
have been assessed and paid by said banks, trust
companies, savinns institutions, insurance gas.
bridge, telegraph, steamboat, fcrTy-bOat, express, or
railroad companies, as aforesaid, or derived from adj
REFRESHMENTS, or ca any articles manufactured, up
on which specific, stamp or ad EalOrem duties shall
have Deed directly assessed OF paid, shall also be
deducted and the duty herein provided for shall
be assessed and collected upon the income for the
year ending the thirty first day OF December next
preceding the time for Lowing and collecting said
duty, that is to say, on the first day Of MAJ, eigh-
teen hundred and sixty three. and in each year
thereafter Provided, That upon such portion of
said gains, profits, or income, whether subject to q
duty as provided IN this act Of three per eentum or
of i've per c%entunl, which shall be derived from in
terest upon notes, bonds, or other securities of the
United States, there snail be levied, collected, and
paid q duty not exceeding one and one. half of one
per eentum, anything in this act to the contrary
notwithstanding.
Sec. so. And be it further enacted, That the du-
ties on incomes herein imposed shall be due and
payable on or before the thlrtieth day of June, in
the year eighteen hundred 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 demand therefor by the collector,
there shall be levied in addition thereto. the sum
of Eve percentum on the amount Of duties unpaid,
as o penalty, except from the estates Of deceased
and insoiVsnt persons and if any person or per.
sons, or party liable to pay such duty, shall neglect
or refuse to pay the same, the amount due shalt be
a lien in favor Of the United States from the time IL
was 50 due until paid, with the interest, penalties,
and costs that may accrue in addition thereto, upon
all the property, and rights 30 propsrtys stocks, Sc