Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1864-09-09
oFFIoIAL.
LAWS OF THE UNITED STATES.
Passsd at The First Session Of The Thirty
eighth CongTeSs. a7t d,


Passsd at The First Session of the Thirty
eighth GOngreSs. 771
IPUBLIc-Ho. 14sl J j.
AN Ic1 to provide internal revenues 70 sTPPort ne
government. g pay interest on the pablo debt
ADERT1EEMEHTs.
Sec III. And be it further enacted, That in esti-
mating the annual gains, profits or income Of any
sS.o6 Ali national state aud municipal taxes, 9TH
er than the national income tax, lawfully assessed
within the year upon the property or sources OF IN:
como Of any person, as aforesaid, from when saia
ed shAII be deducted, in addition to six hundred
dollars from the gains, profits or income OF the per
tenant or mortgager; also the salary pay rscey-
ed for services In the civil military. naval or other
service Of the United States including senator's rep
resentAtiVes aud delegates in Congress- above the
rate Of six hundred dollars psr Annum; and there
shal also deducted the Income derived from dlvl-
dsnds on shares in the capital stock Of any bank,
trust company savings institution insurance, rail-
road canal turnpike, canal navigation, or slack
ter company and the interest any bonds or other
evidences Of Indebtedness of any such corporation
company, which shall have been assessed and the
tax paid, as hereinafter provided also the amount
paid by any person for the rent Of the homestead
used or occupied by himself he family, and the
rental value OF any homestead used or occupied by
any pErson his "a niIy, In his right In the
right his wife, shall not be included and assessed
ms part Of the income Of such pBTsOn. In esttmat-
ing tie annual gains profits or income Of any per-
son. the Interest oSer and above the,amouut OF in
teTeSt paid upon all notes. bonds and mortgages or
other f0Tms ofindebtedness, bearing interest," wheth
er due paid not, II good, and colectAbIe shal
be included and assesAed 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 property, real persona and increased
value of live stock, whether solo or on hand, and
the amount Of sugar, wool, butter, cheese, pork,
vegetable other Of the estate Of such
psrson sOId not Including any part thereof unsold
or hand during the year next preceding tho thfr
ty-RrAt of December shall be included and ed
.rt Of the income OF such Derson for zach year,
and The gains Of all companies, WHISTLER incOrI
poratsd or partnership, other than the companies
specified il this section, shall be included in estima
ting tne annual gain profits or tucom. OF any per.
wise. 10 estimating deductions from income, as
Aforesaid when any person rents bniidings lands or
otheF property, hires labor to carry on land,
to conduct any other business from which such in
income Is actually derived, pays interest upon
any actual Incumbranco thereon, the amonnt actu-
ally paid such rent labor interest shall be de
Quoted; and also the amount paid out for usual
ordinary repairs, not exceeding the average paid out
for such purposes for the preceding i've years. shall
be deducted, but deduction shall be made for any
amount paid out Tor new buildingg, permanent i'm
proVements betteTments, made TO increase the
value of property or estate: Provided, That in
where II Q salary or other compensation paid
to any person in the employment or service of the
United States. shall not EXCEED the rate OF six hun
dred dollars per Annum, shall be by fees
certain or irregular IN the amount or in the time
during which the came shall have accrued been
earned, such salary other compensation shalt be
included in estimating the annual gains, profits
Income of the person TO whom the same shall have
been paid, 10 such manner as the Commissioner OF
Internai Revenu0 under the direction Of the seore-
tary OF the Treasury, may presofibe.
be the duty ali persons of lawful age, ali guar.
dIAns aud trustees, whether such trustees by
virtue Of their office executors, administrators
In other judiciary capacity, to make list return
under oaih affirmation, in such form and manner
may be prescribed by the Commissioner Of Inter
nal Revenue the assistant Asseasoof the district
in which he resides of the amount Of his her In.
come or the income OF such miAors or per ons as
may BIO held In trust as Aforesaid according to the
requirements heTeinbeiOre mentioned, stating the
sources from which said income l. derived, whether
OF property, rents interest," diydeuds, salaries OF
from any profession trade employment, or vocation
or otherWse. And In case Of neglect or refusal q
make return the Assessor or ASSISTANT assessoT
shan assess the amount OF his or her income, aud
the duty thereon. ia the same mani ~ provided
for in OIhr Of neglect aud refusal to furnish
lists or returns Ia the pToytslons Of this act whore
sor may increase the amount Of the list or return
or OF any party making such return, II he shall be
aatisted that the same Is understAted: Provided
That any party, In his or her behalf guar.
dan or trustee, a. Aforesaid, shall be permitted
declare. under oath or afflrmAtion. the form and
manner of which shall be prescribed by the Com.
missit Of Internal Revenue, that he or she WA
mot possessed OF an income Of six hundred dollars
this act may declare that he or ahe has been AZ
Brased eseWhero in the same year for and has paid
income duty, under authority OF the United
States. and ShAlI thereupOn be exempt from income
duty In tAid dstrtcti II the List return Of any
party shai have been increased by the assistant as.
SCISSOR, IN manner AfOresaid, such party may be
permitted 70 declare, under oath affirmation, the
amount OF annual income, or the amount held in
trust Is Aforesaid, Liable to be assessed the same
so declared sha be received by such assistant asi
1ealor rs true, n the upon which duties ore
70 DO asscSSed aud collected, except that the dednc
lions claimed IN such shAl not be made or al.
lowed until approved by the assistant Assessor But
any peE:on iSeing AggrieVed BY the decision Of the
assessor OF the district and his decision thereon
Hhali be nnA and the orn, time and manner OF pro-
ceedtnga shall be to rules regulations 70
b" prescribed by the commissioner OF IaternaI Reve
nue., h5!-. w -
ties incomes herein imposed shall be levied on the
hrst day OF May, and DO doe and payable on or be :
fore the thtrtieth day Of june, in each " ar until
and including the year eighteen hundrSd aud sew
enty, and NO longer; and 70 any sum or sums annu-
ally due and unpaid for thirty tAys after the thir.
tieth Of June, Aforesaid, and for ten days a0er
demand thereof by the collector thereof there shall
believed in addition thereto tue sum Of ten per CEN
tnm on the amount Of datieS unpaid, as penalty,
except MOm the estates Of deceased and insOlv ent
peesonA Aud II any person Liable to pay such dnty
emand tho amount due shan be Iein IN favor ~
the ualted States from the time It was due uutil
pad with the interest. penalties and that may
acre 10 addition thereto. upon all the property
ana rightA 70 property belonging to such peison;
aud In d0iaut Of the pay said duty foressid
said lem may be oniOTcsd BY distraint upon sneh
property, stocks, securities and tyidenceS on ieht
by Wh0msOsver holden; and Tor tins puTpo,e tbs
collector, after demands duly giVen as afortsSiti
Bcribed by the Commissioner OF Intsrnal Rsyenps
under ths SiEeSaSas ne Secretary q the Trea-
levied such property, rights property sIocks A
securities and evidences Il debt, further sum- 70
be 6xe aud stated in such HarTant over and ABOVE
the said annna duly interest and penalty foE nom
payment, sueieOt for the ices, costs and expenses
OF sneh levy. Aud 10 an cases Of sole as Aforesaid
the certificate " sueh sale BY the collector shai
vest in the purchaser all right title aud interest oil
such delinquent in and TO such property, whether
the pr perry be real or personal; aud where the
Hnhiect OF sale shA be stocks the certificate o. said
sale shall be VIAL authority and notice to the pro,
per CORPORATION, company or association, to record
Rho SAME on the books or reeords, IN the man
ner aaif Transferred or assigned BY the person OF
party holding the same, TO issue CERTIFICATES Of
stock therefor Id istn Of Any original or prior osrt-
cate, watch shall be void whether eAncelad or NOT
Adsad rtlteates of sale OF the collector, where
the snl Of saleehal Be securities or other eVi-
dences VI debt shah Be coed and valid receipts 20
the person holdlE the same g against any person