Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1863-05-06
Regulations for the Assessment of
the Income Tax, May 4. 1853.


the Income Tax, May 4, 1863.
The assessor and assistant assessors of each
collection district viii assess the income tax. as
on the first day of May next. upon every person
residing within the district liable thereto
Each person will be required to return his total
income. so far specifying the sources from which
il l. derived, as TO enable the assistant assessor TO
decide what deductions shall be made therefrom.
Persons whose income does not exceed the sum
Of ten thousand dollars. and who reside in the
United States, will be subject to a duty Of three
per cent on such portion thereof as IS liable to
taxation:
ProUided. ko1erer, That upon income derived
from interest upon notes, bonds, or other securi-
ties of the United States, a duty of one and one
half per cent will be levied.
Persons whose income exceeds ten thousand
dollars, will be subject to a duty of FIVE per cent.
on the portion thereof subject to taxation:
Prorided. hOuerer, That upon income derived
from interest upon notes, bonds. or other securi-
ties of the United States, a duty of one and one
half per cent. will he levied.
Citizens of the United States residing abroad.
and not in the employ of the Government of the
United States, will be subject to a duty of FIVE
per cent. on the income of any property. securities,
or stocks owned in the United States, and not
exempted from the income tax;
Prouided. hepeUer, That upon income derived
from interest upon notes, bonds, or other securi.
ties of the United States. a duty of one and one
half per cent. will be levied
Every farmer or planter viii be required to
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
any portion of such produce consumed BY himself
and family.
The following deiuctions will be made from
the aggregate income of each person, and the tax
assessed Z pom the remainder, viz:
State and local taxes assessed in the calendar
year preceding this assessment, to wit: from Jan
uary /. 1862. TO December 81. 1862, inclusive.
Salaries of officers, or payments to 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 Gov
ern ment.
Interest. or dividends on stock. capital. or de-
pOsits in any bank, trust company, or savings in
s%titution, insurance. railroad company. or eOrD0r-
alton, from which interest. or dividends. a duty
of three per cent. shall have been deducted by
the officers Of such companies, corporations, or
associations; interest from any bonds, OF 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; and receipts
derived from advertisements on which a duty
SDtli nave eeu dSSboSeu anu pdl0.
Also. the sum of six hundred dollars, except
in those cases where the whole, or any part Of
said six hundred dollars 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 rent of any
dwelling house or estate which is the residence of
the person assessed; and
The amount paid bv 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 ex-
ceeds ten thousand dollars. and deductions are
made therefrom upon the ground that a portion
of such income has been subject to a three per
cent. duty upon dividends, or interest, paid by
companies, corporations. or associations as before
enumerated, such person will be subject to a tax
of two per cent. additional upon so much OF his
income rs may have been previously subjected to
a duty of three per cent. BY the officers of the
companies, corporAJuns. or associations named.
Guardians and trustees, whether such trustees
are so by virtpe of their office as executors, ad-
illustrators or other hduciarv capacity, are re-
uuired To make return OF the income belonging
to minors or other persons. which NAV be held
in trust rs aforesaid: and the income tax will be
assessed npOn the amount returned. after deduct
ing such sums as are exempted from the income
tax a. 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 dol
lars may be exempted and deducted.
Whenever persons liable TO assessment of in
come tax. shall neglect. or refuse to make the
lists required BY law: or. when the lists made and
rendered by such persons shall not be accepted by
the assessor, or assistant assessor. as just and
proper. il shall be the duty of such assessor, or
assistant assessor. to make lists for such persons
according to the best information that he can
obtain. Persons so assessed, may make oath, or
affirmation, as to the amount OF income and de-
ductions therefrom agreeably TO section 90.
Persons receiving rent, may deduct therefrom
the amount paid for necessary repairs. insurance,
and interest upon membranes upon such rented
property. The cost of new structures, or i'm
provementS to buildings. shall not be deducted
from income.
The tax must be levied on all dividends declared
prior to September l, 1862. and upon six hundred
dollars of all salaries OF officers or payments to
persons in the civil. military, naval, or other serv-
ice Of the United States, for services rendered
prior TO TO said date. as such dividends and pro-
portion of salaries were not subject TO deduction,
or assessment
Interest received from, or due by trust compa-
nies, savings institutions, insurance. and railroad
companies, corporations. or associations. prior TO
the same date. must also be taxed.
Profits, or dividends derived from stock. shares;
or, property in gas, bridge. express, telegraph,
steamboat. ferry boat; or. manufacturing compa-
MES or corporations. or from the business usually
done by such companies, or corporations, are
subject to income tax.
Interest paid by any person on membranes
upon the dwelling house or estate on which be
resides. may be deducted from income; also, bis
payments for necessary repairs
Farm produce which the producer has on hand
on the 3ist day Of December, 1862. must be sp-
praised at its market value on that day
The income tax shall be included in the annual
list. and appeals and other proceedings held as
provided by law JOSEPH D. LEWIS,
Commissioners of Internal Revenue.