Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1863-05-02
Regulations for the Assessment Of

collection district Will 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. far specifying the sources from which
il is 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 such portion thereof as is liable TO
taxatiOn:
Prorided. ho,oerer, That upon income derived
from interest upon notes, bonds or other secur-
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 10 taxation;
Prouidcd. hopeUer, That upon income derived
from interest upon notes. bonds. other securi-
ties of the United States, 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 the income Of any property. securities
or stocks owned in the United States and not
exempted from the income tax;
Prorided hotceuer. That upon income derived
from interest upon notes. bonds. or other securi
ties of the United States. a duty of one and one
hall per cent VIII DE fevied
Every farmer or planter will 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 deductions will be made from
the aggregate income of each person. and the tai
assessed upon the remainder. viz:
State and local taxes assessed in the calendar
year preceding this assessment. 70 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 deduction of three per cent has
been made by the dsbursing officers of the Gov
eminent.
Interest. or dividends on stock. capital, or de.
posts in any bank trust company, or savings in
sttution. insurance. railroad company. or corpor-
alton. from which interest or dividends. n duty
of three per cent shall have been deducted by
the officers Of snch companies corporations or
| associations; interest from any bonds, other
evidence of indeb edness OF any railroad company,
or other corporation. from which duty of three
per cent shall have been deducted by the officers
of such COMPANY or corporation: and receipts
derived from advertisements on which duty
shall have been assessed and paid
Also the sum of six hundred dollars, except
in those cases where the whole, or sny part Of
said six hundred dollars shall have been deducted
from the salaries pay of officers or persons in
the service or employment OF the United States.
The amount actually paid for rent of any
dwelling house 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 ex-
ceeds ten thousand dollars. and deductions are
made therelrom upon the ground that portion
of such income has been subject 10 three per
cent duty upon dividends, or interest. paid BY
comnanies corporations. or associations before
enumerated such person will be subject 10 A tax
of two per cent additional upon much OF his
income may have been previously subjected to
a duty of three per cent. by the officers oil the
companies. corpor ltit rs or associations med.
Guardians and trustees, whether such trustees
are so by virtue of their office as executors nd
illustrators other tiduciary capacity. re-
ouired 20 make return OF the income belonging
TO minors or other persons, which NAV be held
in trust ss aforesaid; and the income tax will be
assessed npOn the amount returned, after deduct
ing such sums as are exempted from the income
tax aforesaid;
PrOrided. That the exemption Of six hundred
dollars, under section 30 OF the excise law. shall
beneficiary of n trust. except upon the statement
of the guardian. or trustee, made under oath,
that the minor OF 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 Ia
come tax shall neglect refuse to make the
lists required BY law: or, when the lists made and
rendered 10y 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 pers
according 10 the best information that he can
obtain Persons so assessed. may make oath or
affirmation. as TO the amount of income and de-
auctions therefrom agreeably to section SO
Persons receiving rent NAV deduct therefrom
the amount paid for necessary repairs insurance.
and interest upon membranes upon such rented
property. The cost of structures. or i'm
provements 10 buildings. shall not be deducted
from income.
The tax must be levied on all dividends declared
prior % 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, such dividends and pro-
portion Of salaries were not subject to deduction
or assessment
Interest received from, or due bv trus. 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 conDa
nies o. corporations, or from the business usually
done by such companies. or corporations. are
subject 10 income tax
Interest paid by any person on membranes
upon the dwelling house or estate on ~hich he
~ uaslu rkf ala ~.
payments for necessary repairs
Fam produce which the producer has on hand
on the 3lst day at December. 1852. must be ap-
praised AZ It's market value on that day.
The income tax shall be included in the annual
lst, aud appeals and other proceedings held as
provided by law JoskPH J. LEwIs.
Commissioner OF Internal Revenue