Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1863-05-15
REGULATInNs

collection district will assess the income tax
as upon the first day of May next, upon eve
} ~ person residing within the district liabIt
. thereto.
: Each person viii be required to return hi.
total income, SO far specifying the sources
from which it is derived as to enable the as
sistant assessor to decide what deductions
shall be made therefrom-
i Persons whose income does not exceed the
sum of ten thousand dollars, and who reside in
the o nited States, will be subject to a duty
of three per cent. on such portion thereof as
is liable to taxation: Provided, however, That
on income derived from interest upon notes,
bonds, or other securities of the United States,
a duty Of one and half per cent. will be lev
led.
! Persons whose income exceeds ten thuus-
and dollars, will be subject to a duty Of FIVE
per cent on the portion thereof subject to
/ taxation: Provided, however, That upon in
come derived from interest upon notes, bonds,
and other securities Of the United States, a
duty Of one and half per cent will be lev
led.
Citizens of the United States, residing
abroad, and not in the employment Of the
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ject to duty of five per cent. on the income
of any property, securities or stocks owned 10
| the United States, and not exempted from the
income tax: Provided, however, That upon
income derived from interest upon notes, bonds
or other securities Of the United states. du-
~ of one and half per cent. will be levied.
] Every farmer or planter will be required TO
make retuIE of the value of the produce of
his farm or plantation, without deduction for
the labor or services of himself and bis f mily,
or for any portion 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 remainder, viz:
| State and local taxes assessed in the calen-
dar year preceding this assessment, to-wit:
from January ! 4, 1862, to December 81, 1862,
inclusive.
Salaries Of officers or payments 10 persons
in the service or employment Of the United
States. from which a deduction Of three per
cent. has been made by the disbursing officers
Of the Government.
interests or dividends on stock, capital or
deposits, in any bank, trust company, or saw
ings Institution, insurance, railroad company,
or corporation, from which interest or divi
dends duty of three per cent. shall have been
deducted by the officers of such companies,
corporations or associations; interest from any
| bonds other evidence of Indebtedness, of
any railroad company, or other corporation,
from which a duty OF three per cent. shall
have been deducted by the officers OF such
company or corporation; aud receipts derived
from advertisements which a duty shall
have been assessed and paid.
Also, the sum of six hundred dollars, ex-
! cept in those cases where the whole or any
part of said six hundred dollars shall have
been deducted from the salaries or pay Of Off
GERS or persons in the service or employment
of the United States.
The amount actually paid for 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 necessary repairs upon his
farm or plantation, including the subsistence
of the labOrers.
Whenever the total income of any person
exceeds ten thousand dollars, and deductions
are made therefrom, upon the ground that
portion of such income has been subject to a
three per cent. duty upon dividends or inter
est paid by companies, corporations or asso-
ciations as before enumerated, such person
will be subject to a tax of two per cent ad-
ditional upon so much of his income as may
have been previously subjected to a duty of
three per cent. by the officers of the compa.
MES, corporations, or associations before
named.
i Guardians and trustees, whether such trus
tees are so by virtue of their Office as execu-
tors, adminstratorsSor other fiduciary capaci-
ty, are required to make return of the income
belonging to minors or other persons which
may be heldin trust, as aforesaid; and the in
come tax will be assessed upon the amount
returned, after deductiug such sums as are
exempted from the income tax, as aforesaid:
Provided, That the exemption of six hundred
dollars. under section 80 of the Excise Law,
shall not be allowed on account of any minor
or other beneficiary of a trust, except upon
the statement Of the guardian or trustee, made
under oath, that the minor or beneficiary has
no other income from which the said amount
of six hundred dollars may be exempted and
deducted.
Whenever persons liable to assessment of
income tax shall neglect or refuse to make the
lists required by law, when the lists made
and rendered by such persons shall not be ac-
cepted by the assessor or assistant assessor as
just and proper it shall he the duty Of such as
sessor or assistant assessor to make lists for
such persons according to the best informa-
tion he can obtain. Persons so assessed may
make oath or affirmation as TO the amount OF
income and deductions therefrom, agreeably to
> section 80.
Persons receiving rent may deduct there
from the amount paid for necessary repairs,
insurance and interest on membranes upon
such rented property. The cost of new struc-
lures, or improvements to buildings, shall not
be deducted from income
The tax must be levied upon all dividends
declared prior to September l, 1862, and upon
six hundred dollars Of all salaries of officers, OF
payments to persons in the civil, military
naval, or other service of the United States
> for service rendered prior to said date, as such
dividends and proportion of salaries were not
, subject to deduction or assessment.
Interest received from or due by trust com
panies, savings institutions, insurance and
railroad companies, corporations, or associa
:, tions, prior to the same date, must also bt
: taxed.
Profits or dividends derived from stock
. shares or property in gas, bridge, express, tel
! egraph, steamboat, ferryboat, or manufacture
!. ing companies or corporations, or from tit
business usually done by such companies o.
;. corporations, are subject to income tax.
Interest paid by any person on encum
i brances on the dwelling house or estate OIL
which he resides, may be deducted from in
1.
pairs.