Charles City intelligencer. [volume] (Charles City, Floyd County, Iowa) 1864-1866, 1864-11-24

G Oh tne person who has actually paid the sam
It whether owner, tenant, or mortgagor; all
}, the salary or pay received for services in Il
: civil, military, naval or other service of II
IS United States, including senators, represent
+ tives, and delegates In Congress, above I'll
rate OF six hundred dollars per annum an
there shall also be deducted the income deri'
ef from dividends on shares in the capt.;
, stock OF any bank, trust company, savings In
stitu,ion, insurance. railroad, canal. turnpike
canal navigation, OF slack water company. an
the interest on any bonds or other evidences
Indebtedness of any such corporation or com
pany. which sh all have been assessed and tn
tax paid, as hereinafter provided; also tn
amount paid by any person for the rent of tn
homestead usei or occupied by himself or hi
family. and the rental value of any homestea
used or occupied by any person or by his fam
ly. i'm his own right or in the right of his wifi,
shall not be included and assessed rs part {
the income of such person. In estimating til
annual gains, profits, or income of any person
the interest over and above the amount of in
terest paid upon all notes, bonds. and l,lortga
ges, or other forms of Indebtedness. betlrin.
interest whether due and paid OF not, If gots
and coliectable, shall be included and assessed
as part of the income of such person for each
year and also all income or gains derived
from the purchase and sale of stocks or Other
value of live stock, whether sold or on hand
and the amount of sugar, wool. butter, cheese
pork, beef mutton or other meats, hay and
grain, or other vegetable or other productions
OF the estate of such person sold, not inclu-
aihS any part thereof unsold or on hand du-
ring the year next preceding the thirty-first oi
December, shall he included and assessed as
part OF the income of such person for each
year, and the gains and profits of all compan-
les, whether Incorporated or partnership, other
than the companies specified in this section,
shall I've included in estimating the annual
gains, profits, or income Of any person entitled
to the same, whether divided or otherwise
In estimating deductions from income as
aforesaid, when any person rents buildings.
lands, or other property, or hires labor to car
ry on land, or to conduct any other business
| from which such income is actually derived,
or pays interest upon any actual incumbrance
thereon. the amount actually paid for such
| rent, labor, or interest, shall be deducted: and
also the amount paid out for usual or ordinary
repairs, not exceeding the average paid out
for such purposes for the preceding five years.
shall be deducted, but no deduction shall be
made for any amount paid out for new build
ings, permanent improvements, or better
ments. made to increase the value of any
property or estate Prorided, That in cases
where the salary or other compensation paid
to any person in the employment or service Of
the United States, shall not exceed the rate of
SIX hundred dollars per annum, or shall be by
fees, or uncertain or irregular i'm the amount
or IN the time during which the same shall
nave accrued or been earned. such salary or
other compensation shall be included in esti-
mating the annual gains, profits, or income of
the person to whom the same shall have been
paid, in such manner as tLe Commissioner of
Internal Revenue, under the direction of the
ST.'"~."-', sr n.S 'r,osIsa.y, ni,y i'ics.iiue.
Sec, 1ls. And be it further enacted. That
| 1t shall bc the duty of all persons of lawful
age, and all guardians and trustees, whether
such trustees are so by virtue of their Office as
executors, administrators, OF in other tiduciary
capacity, to make list or return, under oath
or affirmation, in such form and manner as
may he prescribed by the Commissioner of In
ternai Revenue, to the assistant assessor OF
the district in which he resides. of the amount
of his or her income, or the income of such
minors or persons as may be held i'm tlust as
aforesaid according to the requirements here
ineefore mentioned. stating the sources from
which said income is derived, whether from
any kind of property, or the purchase and sale
of property, rents interest, dividends. salaries.
or from any profession, trade, employment, or
vocation, or otherwise. And in case of neg.
lect or refusal to make such return the asses
sor or assistant assessor shall assess the amount
OF his or her income and the duty thereon in
the same manner as is provided for in other
cases of neglect and refusal to furnish lists or
returns in the provisions Of this act where
| not otherwise incCmI,atiuie., anu inc assistant
assessor may increase the amount of the list
or return, or of any party making such return,
if he shall be satisfied that the same is under
stated: Prorided, That any party. i'm his or
her own behalf. or rs guardian or trustee, as
aforesaid, shall be permitted to declare, under
oath or affirmation, the form and manner of
which shall be prescribed by the Commissioner
of Internal Revenue, that he or she was not
possessed of an income of six hundred dollars,
liable TO be assessed according to the proyis-
ions of this act, OF may declare that he or she
has been assessed elsewhere in the same year
for. and has paid an income duty under au-
thority of the United States, and shall there
upon be exempt from income duty in said dis
| trict; OF, it the list on return of any party
shall have been increased by the assistant as
SCISSOR, in manner as aforesaid, such party may
be permitted to declare, under oath or affirma-
! ton, the amount of annual income or the
| amount held in trust, as aforesaid liable to be
| assessed, and the same, SD declared shall be
received by such assistant assessor as true, and
as the sum upon which duties are to be assess
ed and collected, except that the deductions
claimed in such cases shall not be made or al
lowed until approved by the assistant assessor
But any person feeling aggrieved by the decis
ion of the assistant assessor in such cases
may appeal to the assessor of the district, anc
his decision thereon shall he final , and the
form, time, and manner of proceedings shal
be subject to rules and regulations to be pre-
scribed by the Commissioner of Internal Rev.
enue.
Sec. 1l9. And be it further enacted, That
the duties on incomes herein imposed shall be
levied on the first day of May and be due and
payable on ., before the thirtieth day of June
in each year, until and including the year
eighteen hundred and seventy, and no longer
and to any sum or sums annually due and un-
paid for thirty DAYS after the thirtieth of June
rs aforesaid, and for ten days after demand
thereof by the collector, there shall be levied,
in addition thereto, the sum of ten per centuul
Oh the amount of duties unpaid as penalty,
except from the estates Of deceased and insol.
vent persons. And ii any person liable Il
pay such duty shall neglect or refuse to pay
THE same, after such demand, the amount due
shall be lieu in favor of the United State.
from the time it was due until paid, with tho
interest, penalties, and costs that may accrue
in addition thereto upon all the property anC
rights to property belonging to such person
and in default of the payment of said duty
aforesaid said lien may be enforced by distrain
upon such property, rights to property, stocks
securities, and evidences Of debt by whomso
ever holden; and for this purpose the collect
or, after demands duly given us aforesaid, shal
issue a warrant. in form aud manner to bs
prescribed by the Commissioner of Internal
Revenue, under the directions OF the Secreta
ry OF the Treasury, and by virtue OF such war
rant there may be levied on such property
rights 10 property, stocks, securities, and evi
dences OF debt further sum, 10 be fixed anl
stated in such warrant over and above the said
annual duty, interest, and penalty for non
payment sufficient for the fees, costs
and expenses of such levy. And il
all cases OF sale, us aforesaid, the certi
iicate of such sale by the collector shall vcs
in the purchaser all right, title, and iuteres
OF such delinquent in and to such property
whether the property be real or personal; an,
where the subject OF sale shall be stocks tn,
certificate of said sale shall be lawful authori
ty and notice the proper corporation, compa
ny, or association Ia record the same on tn,
books or records in the same manner as
transferred OF assigned by ther person or part,
holding the same 10 issue new certificates q
: stock therefor, in lieu OF any original or prio
J certificates, which shall be void whether can
celied or not. And said certificates of sale ,