, 1865-03-31
Income and Annual Tar.

NOTICE is hereby given that on and after the st
i Y day Of April 1876, will proceed to make the
annual assessment of income for the year ending
Dec. 81, 1864, for licences and all other annual
sessments for the year ending April Both, 1866. For
the Information OF all concerned, the following see
ton of the excise act of June 3Oth 1862 is inserted
"Sec. III. ind he u further enacted. That there
shall be levied, collected and paid annually upon the
annual gains, or income ofCyery person residing in
the United States, on ofaly citizen Of the United
States residing abroad, whether derived from any
kind Of property, rents interests, dividends sala
ries, or from any profession, trade, employment,
vocation, carried on in the United States Clse-
where, from any other source whatever. except
as hereinafter mentioned, if such annual gains,
profits, income, exceed the of six hundred
dollars duty of five per centum on the excess over
six hundred dollars and not exceeding five thous
anG dollars; and duty ofscven and one half OF
per contum per annum on the excess over five thous
and dollars and not exceeding ten thousand dollars;
and duty of ten per centum on the over ten
thousand dollars. And the duty herein provided
for shall be essed collected, and paid upon ths
gains profits, or income for the year ending the
3lst day of December next, preceding the time for
levying collecting, and paying said duty; Prcglded,
That income derived from interest upon notes,
bonds and other securities Of the United States,
shall be included in estimating incomes under this
section: PrOC1ded, That only one deduction of six
hundred dollars shall be made from the aggregate
incomes of all the members of any family composed
of parents and minor children or husband and wife
except ndi vdual estate gains labor Of the wife:
Ind proUjded further, That ret profits realized by
sales of real estate purchased within the year for
which income is estimated, shall be chargeable as
incomo and losses sales of real estate purchased
within the year for which income is estimated shall
be deducted from the income of such yea
The following instructions of circula relative to
the annual list is inserted, for the inform ion of ID
persons concerned and show the necessity of rrount
ness in the assessment;
Treasury DEPARTMENT OFFICE OF INT Rav.,
WASHINGTON, Feb. 22d, 1854
In order to insure an early completion or s .a-
nua list for 1864, Assessors will instruct tolr AS
Ofc af IN t1p coll of
their respective divisions. Although tax payers are
authorized to delay making return until the first
Monday of May those.whO have not made return by
that day will be liable to assessment under the pro
vision of section II (l4. Assistant Assessors will
transmit all returns to the Assessor after entering
the amounts in their assessment books As af-
ter the first Monday in May practicable each AS
sstant Assessor will m axe out his alphabetical list
and deliver the same to the Assessor. BY the l4th
S) section of the excise law, this list is required to
be delivered within thirty days after the first Monday
in May. The same section provides that any Asss-
tant who fails to perform this duty within the time
prescribed, not being prevented by sickness other
unavoidable accident shall be discharged from office
and shall moreover, forfeit and pay two hundred
dollars with costs ofsuit. 1t is hoped that no occa-
sion will arise for the enforcement of these penalties
! Form No. II should he distributed at the same
time with forms "a and 49, and applications for IL
cences should be received at the time with re-
! turns of income and articles in schedule A.
Blank forms for the return ofincome, with explain
atory notes. which will aid parties in making their
returns will be delivered sent to all parties liable
by the Assistant Assessor of the respective divisions
and should any further explanation be necessary, it
will be the duty Of the Assistant Assessor to impart
the upon application.
l cannot too earnestly urge prompt and full COM
pliance with the reQuiremeuts of the law and by
doing it will not become necessary to infct the pen
alties provided fora neglect other cause 1t is
made my imperative duty to enforce the Jaw, and
where parties become LIABLE from neglect or other
/ wise, to impose its penalties.
JOHN G. SPARKS,
U, S. Assessor, VT.
] March 81, 1885, l6w2