The weekly union record., 1865-03-25
Assessment of Incomes.

the following Instructions to the Assistant
Assessors in this District:
SACRAMENTO, March 20, 1865.
Sir: That there may be uniformity in the
application of the law in reference TO the assess
ment OF incomes for 1864, the following rules
will govern the action Of Assistant Assessors
in the Fourth Assessment District:
/. Net profits realized by sales of property,
real or personal, or stocks purchased within the
year. are ebargeable as income. Appreciation
or increase OF property is not cbargeable as in-
come until the sale determines the gain or profit.
? Interest over and above the amount paid
on notes, boDds, mortgages or other forms of
Indebtedness bearing interest, whether due and
paid or not, it good and colleclable, is charge
able as income.
3. Solvent debts are ehargeable as income.
4 All productions of farm or estate sold
within the year no matter when produced),
and the Increased value of live stock, whether
sold or on hand, are chargeable as income.
.. W hen a person receives wages and board,
the value OF The board is chargeable as income.
6. Undivided gains of any company or cor
poFaton other than those paying under Sections
l20, III, l22. will be assessed to the person
entitled to the same when divisible; otherwise,
TO The company or corporation. The rate of
tax Is fixed before the exemption is deducted.
The exemption is from the first $4,000 income.
I. The deductions-expenses of business,
losses, etc.-aTe to be deducted from each par
ticular source Of income, and not from the
aggregate gam or Income.
s. From the profits or gain of each source
of income will be deducted national, State and
local taxes paid upon the property, business or
capital from which the income is or should be
derived none other.
9. Salary of any person in the service Of the
United States.
10. Income derived from dividends or shares
in any company or corporation, ard the interest
upon The bonds or Indebtedness OF the same, the
tax upon which has been assessed and paid
under Sections l20, l21, 122
IL. Actual rent paid; but rental value of
any homestead occupied and used in ones own
right is not allowed.
u. Rent OF rooms used as lodgiag. as 10
hotels and boarding houses, and not used for
house keeping purposes is not allowed.
Is. Interest or membranes OF property,
business or capital from which Income is or
should be derived. None other.
IA Amount paid for ordinary repairs upon
property from which income is or should he
derived, not exceeding the average paid for the
preceding five years that is actual wear and
tear. Zone other.
10. Improvements made upon property from
gains oi the year are not allowed as deduction.
l6. Losses on sales of property, real or per
sonal, or stocks purchased within the year, are
deductabe; bat depreciation OF property on
hand is not allowed the sale ouly can deter.
mine the loss.
L. Property used in business and furnishing
profits when destroyed by fire, may be restored
at the expense of those profits to the condition
when destroyed if insured the difference be
tween the insurance received and amount
expended in restoration will be allowed.
Is. Debts considered hopelessly lost on the
3lst of Decdnlber, 1864, may be deducted from
the profits of business; if subsequently paid,
they must be included in the return for the
year in which they are paid.
l9. 1t is the duty of each person, on or be-
fore the lst OF May to report or return the
amount of gross income, gain or profit recoy-
cred from each particular sonrce of the same
expenses of buSneSs, losses, taxes aud insurance
paid, aad the Assistant Assessor will make
the proper deduction or offsets. Each return
must be verified by oath or affirmation. Any
person feeling aggreved by the decision or
assessment made by the Assistant Assessor.
may appeal to the Assessor-said appeal belug
made in writing and filed with the Assessor at
any time before the lists are passed to the Col
lect0r for collection. 1t is the duty Of the
Assistant Assessor, after due notice given, to
enter into and upon the premises (if necessary
OF any person refusing or neglecling TO make
returns, or rendering false or fraudulent list
or return. and make. according to the best in
formation he can obtain, such list or return
according to the forms prescribed aud 10 case
of the return of a false or fraudulent list he
Will add one hundred per cent. penalty in case
OF those refusing or neglecting 10 make return
after due notice given, he will add Except 10
case Of sickness or abseuce) fifty per cent. pen
atty to the amount of said estimated list or re
turn, aud the lists or returns so made and sub
scribed by the Assistant Assessor. will be ia
ken as good and sufficient lists or returns, for
all legal purposes. See Section Il.
When penalties are incurred they must be
added
20. II there shall be any property liable 10
be taxed not owned or possessed by or under the
care or management OF any person in the dis
trict the Assistant Assessor will make lists or
returns OF the same. according TO the best in-
formation he can obtain, and said list will be
eoSu al AC-ai pOSSS L iuh tutu tut
said Assistant Assessor shall receive from the
Assessor or Assistant Assessor of the district
wherein such owner or person having the care
or management of such property resides, list
or return, as made by such owner or other per
so1-he will examine it, approve il proper, and
return the same TO the Assessor or Assistant
Assessor from whom it was received, that the
return of said property may be entered in the
district wherein the said owner or other person
resides.
II. Assistant Assessors will assess all persons
or property which may have escaped assessment
for the year 1868. ADy person who, by gno
rance or misunderstanding of the law, may
have rendered under statements of income for
the year 1868, are requested to cali at ouce on
the Assessor or Assistant Assessor and amend
the same. Failing or refusing to do 50 subjects
the party to investigation and penalties under
Section IA When errors are believed to exist,
1t Is not necessary to assume in tbe first place
that they have been committed willfully, but
rather under misapprehension of the law. 10
such cases the parties should be advised at
once Of their dntv ap1 rsoui-zd IN ruaLa @ parr