, 1865-04-07
Income and Annual Tax.

NOTICE is hereby given that on and after the 1st
i Y day of April, 1866, will proceed to make the
annual assessment of income for the year ending
Dec 81, 1864 for licences and all other annual as
sessments for the year ending April 30th 1866 For
the information of all concerned, the following sec
ton of the excise act of June 30h 1862 is nserted
''Sec. III. Ind be 1t further enacted. That there
shall be levied collected. and paid annually upon the
annual gains, or income feyery person residing in
the United States, of any 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 or
vocation, carried on in the United States else
where, OF from any other source whatever, except
as hereinafter mentioned, if such annual gains,
profits, or income, exceed the Of six hundred
dollars, duty of five per centum on the excess over
six hundred dollars and not exceeding five thous.
and dollars; and duty ofseven and one half Of one
per ceatum per annum on the over five thOus.
and dollars and not exceeding ten thousand dollars
and duty Of ten per centum on the excess over ten
thousand dollars. And the duty herein provided
for shall be essed collected, and paid upon the
gains, profits, or income for the year ending the
Slst day of December next, preceding the time for
evylng collecting and paying SAID duty: Pro0lded,
That income derived from interest upon notes.
bonds, and other securities of the United States
shall be included in estimating incomes under this
section: PFOCJded, 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 individual estate, gains labor of the wife:
And proDjded further, That pet profits realized by
sales OfTeal estate purchased within the year for
which income is estimated, shall be chargeable as
income; and losses on sales of real estate purchased
within the year for which income is estimated shall
be deducted from the income of such year"
The following instructions of circular relative to
the annual list is inserted for the information of all
persons concerned and show the necessity of prompt
ness in the assessment
Treasury DEPARTMENT, OFFICE OF INT. Rev.,
WASHINGTON, Feb. 22d, 1864
In order to insure an early completion of the an
nual list for 1864, Assessors will instruct their As
sistants at once to begin the collection of returns in
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 soon af
ter the first Monday in May as practicable, each AS
sstant Assessor Will axe out his alphabetical list
and deliver the same to the Assessor. By the 14th
(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 Assis-
tant who fails to perform this duty within the time
prescribed not being prevented by sickness or other
unavoidable accident, shall be discharged from Office
and shall moreover, forfeit and pay two hundred
dollars with costs ofsuit. 1t is hoped that occa
sion will arise for the enforcement of these penalties
Form No. IL should he distributed at the same
time with forms "a and ~, and applications for IL
eences 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 uptheir
ieIuhs, VIII Oe ueiVeTeu or sent 10 all parJles liable
by the Assistant Assessor of the respective divisions
and should any further explanation be necessary it
will be the dutycf the Assistant Assessor to mpart
the same upon application.
l cannot too earnestly urge prompt and full COM
plianee with the requirements of the law and by so
doing it will not become necessary to infict the pen
alties provided fora neglect or other cause it is
made my imperative duty to enforce the law, and
where parties become table, from neglect or other
wise, to impose its penalties.
JOHN g. SPARKS.
U. S. Assessor, W.T..
March 81, 1865. 16w2