Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1863-06-26

owned by the party: ID. the cost Oh tdoo'' IL
hired: Sd, the cost of material, purchased and
manufactured.
From income derived from Narigation, is de-
ductcd: lst. the hire Of the vessel, y not
oune,l. Cd. forned, wear and tear, not over
10 per cent. Sd, the expenses of running.
Tire income includes freight for the owners
account.
From income on shiprJuading, &C., deduct
LIST, the cost of tabor, if hired. ID, the cost Of
materials. if purchased.
The value of ship is included i'll the income.
From income Of Mutual Insurance Company,
the losses paid.
From income on merchaR1iSc or sale of
other property, real or personal, deduct: LIST.
the prime cost. ID, freight. ID, clerk hire if
actually paid. 4th, rent, if house not owned.
From income from any other business. de-
duct: LIST, Clerk hire Sd. room rent, if not
owned. I'd. itbor, if hired. 4th, cost of mate
rial. other than machinery.
The income of Il foreigner includes only that
made in thi, country. BY section III, the in
come of hospitals, churches, schools, &c, is OK
cmIt
The income being asccrtaincd, the tax is as
follows:
If not over $500 per annum, no tax.
Over 500 mot over 81 500 per cent.
Over 81 500 less than $4,000 ) per cent on
81 .5O0-l0 on excess.
OF 81 900 tIcss than s. ,O00) 10 per cent.
OF 900 0css than 100000 l21 per cent.
Over Sl0,0oo, - per cent.
.Inint stock com r,nes of the nett annual
earnings lsrt apart for dividend and reserved
fund.- pay a. follows:
If nett earnings do not exceed 10 per cent.
the tax is 10 per cent of the nett earnings
Over 10 (lcSs than 20) l2l per cent
Over 20, 1GS per cent.
All the tax levied in section 3 is payable
January lst of each year.
Section ID. Levics tax on speculative pref
its made in 1862. by purchase within Contcdc-
rate States. and sale (any where of flour,
corn. oats. hay, rice, sugar, cane, moasscs,
butter. bacon. pork. salt iron, or iron manu-
FIXTURES, cotton cloths. WOODEN cloths, blank
cts. boots, shoes.
This tax is ~ per cent, payable July lst,
lSG;. 1t is for this year only, and does not
apply to regular retail trade. Profits on rtcat
or meat are not included.
Section il. l.cvirs the GMin9 tar. This can
he collected in kind and used 10y the Govern
ment. or sold, or the Government can collect
its money value as assessed.
From The gross product Of land can be re-
Ssrrcd LIST. Of sweet potatoes 10 bushels: md
of Irish potatoes 30 bushels: I'd, of corn 100
bushels. or of wheat produced this year. 80
bushels. ihut both corn and wheat cannot he
reserved in abayo quantity: 18th, of peas or
beans ~ bushels. or of both 90 bushels.
Government furnishes sacks for grain. and
pavs for mo,sSrs barrels. hut not for cotton
hu"-ing or rope, or tobacco boxes.
After above reservations, each farmer or
planter pays onr-trnth ur 10 per cent. ct the
products "f the present ycar--whcat. corn,
oats, rye, huckwhcat rice, potatoes CSwret or
lri<Il. cured hay and fodder sugar, in"la>SrS,
made rf cane. cotton. wool and tobacco, peas,
beans, ground peas, and by scctnn -, bacon.
at the rate Of fO lbs If curc'l bacon for every
Ion ll,*. Of pork included in the tithc.
The tthr is to be delivered ut Il depot. not
more than miles from the place Of prnduc-
ton Cotton aud tobacco to be delivered by
March ISt OF next year other products with
in two months after assessment, 10 be made
when crop is ready for market.
Section IL. Taxes, LIST. porE-(as seen in
above section ll,)--viz: 60 pounds of bacon
for l0O pounds. pork, included in the tithc, i. C.
on every 1000 pounds killed. 2'n Tho rniHc
ufncat cattle. horses and mules, not used III
cultivation, and asses, ! per cent, payable
July l>t. Sd. The value of decres killc'l-laS
seen in section S)--lcsS cost Of beef, if pur-
rh;,>cd-and cost, Of corn fed TO him goes into
income.
ASSESSMENTS.
Such arc the taxes levied. To ascertain the
necessary facts the following provisions are
made:
Sections ,, 8, 4, 6, provide for the registry
of all persons engaged in the business taxed
in section j-viz: Apothccarics, auctlonecrs,
brokers, &C., &c. They must register within
sixty days after the passage of this act-viz:
by June Goth, 1863, or at the time of begin
ming business; also on lst day Of january,
annually.
The registry gives. first. the name of the
person or firm. I'd. The residence. Sd. The
place or pluces of business. t. All facts going
to show the amount of tax, viz: amount Of
sales Of merchant or number of exhibitions OF
Il circus, &c.
Upon change Of business, or upon death or
assignment, new registry is required.
Failure to register doubles the specific tax
every thirty days.
Persons taxed on sales make returns quar-
terry, under oath, and pay tax then accrued.
Sec 9. Provides for estimating income. This
is done. in case of disagreement, by arbitra-
ton. If the tax payer falls short of true
estimate by onc-filtlI, kc pays onc-tcnth addl-
tional income tax.
Sec l. Provides for assessing ratuc a
titles. If the tax payer and assessor agree,
Il written statement is made, signed by both,
and two copies of this are malc-one for tax
payc- and one for the collector. If they disa-
gree tie matter is settled by arbitration.
Penalties for not delircring produce are pro-
vidcd in this section, viz: 50 per cent. Is added
to the assessment with the cost of fl. .ta. &c.
4 tenant renting land on shares of the crop,
settles the 1.-THE of his landlord and is pro-
tcctcd in 50 doing.
See. ID. Provides for the responsibility of
iruyices' aqcmfs, Dr.. in making returns and
pavin" taxes, and indcmniiics them in 50 do
ing
Sec. l3 Provides for post quartermastcrs to
collect and receive tithcs, ind for their Use, or
sale. or communication into money.
In Il word, for the administration Of the
Hhcs
Sec II. For the duties IF assessors anil col
icciorS.
Ser II. Empowers the Secretary ofthc Treas
urv to prescribe rules.
Sec IL. Determines the duration Of Tic act.
TIE DUTIES. OF TAXPAYERS, TRUSTEES, AGENTS,
&C.
l. Every person included among tho pro-
fssionS md frodcs named in section 5, is re-
1uircd LIST, to register: I'd, to pay specific tax:
Sd, 10 pay taz on sales to date. This is to be
done by June 30th--probably, by July ], will
be deemed in time. Sec sections }, 3, 1.
Persons taxed on sales will also make quar-
tcrly returns and quarterly paymcnts-say,
July |, October |, January ], April l. See
section f.
,. Persons who. ON lst July, 1868, hoH
cotton toJacco, &C., or other products of years
prior to lSli3. must estimate their value and
pay the tax on that daf-July |, 1863. Sec
section |.
5. Persons who, on LIST July, 1868, hold