The Norfolk post. [volume] (Norfolk, Va.) 1865-1866, 1865-07-04
OFFICIAL.

tracts for the sale OF gold ana silver bullion AID CON- one
tenth of one per centum the amount of such sales
Contracts
That section one hundred and three bs amended by ad
ding tho following after the word vehicle occurs the
second time In the section: "Poridd That this section
shall not apply TO those teams wagons and vehicles used
In the Transportation of silver ores from the mnes where
the same are excsvated to the place where they
reduced or worked"
That section on hundred and three be further amended
by inserting after the words and any foreign port the
words but such duty shall be assessed upon the trans
portion of persons and property shipped from port with
In the United States through foreign territory, to port
within the United States and shall assessed upon
collected FROM persons firms companies or corporations
within the United States receiving such freight trans
portatop And that section one hundred and three be
amended by adding at the end Of said section the follow
ing And provided further That no tax under this sec
do not exceed one thousand dollars per snnum."
That section one hundred and five by amended by
striking out at the end thereof the words or the guar
That section one hundred and nine be amended by
striking out after the words Zone hundred and" the
word "two" and inserting in lieu thereof the word
three"
That section one hundred and ten be amended by strik
ing out after the words and redemption thereof" the
words amor to any savings bank having capital stock
and whose business confined to receiving deposits and
loaning the interest for the benefit Of the deposit
tors only and which do other business Of banking"
That section one hundred and sixteen be amended by
striking out all after the enacting clause and inserting
In lieu thereof the olowng That there shall be le
We'd collected and paid annually upon the annual gains
profits and income Of every 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 salaries or from any profession,
trade employment vocation, carried on in the United
States elsewhere from any other whatever,
duty Of five per centum the six hundred
dollars and not exdeeding five thousand dollars and
duty OF ten per cenum the excess five thousand
dollars and in ascetaning the income of any person
liable to an income ta1 the amount of income received
from institutions whose officers required by law with
hold aper centum Of the dividends made by such insttu
tions and pay the the commissioner Of internal
revenue other officer authorized receive the same
shall be ncluded and the amount withheld shal be
deducted from the tax which otherwise would be assessed
upon such person. And the duty herein provided for
shall be assessed collected and paid upon the gains pro-
s and income for the year ending the thirty first day
of December next preceding the time for levyng collect
ing and paying said duty: Provided That incomes de-
rived from interest upon notes. bonds and other secri
ties Of the United States and also all premiums gold
and coupons shall be included in estimating incomes
der this section. Provided further That only deduc
ton of six Dundred dollars shall be made from the ag
gregate incomes Of all the members Of any family
posed Of parents and minor children, husband and
wife: And provided further, That net profits realized
by sales OF real estate purchased within the year for
which income is estimated shall be chargeabe In
comes and losses sales of real estate purchased within
the year for which income is estimated shall be deducted
from the income Of such year."
That section one hundred and seventeen be amended
by striking out all after the enactng clause and inserting
in lieu thereof the following: "That in estimating the
annual gains profits and income of any person. all
tona State county, and municipal taxes paid within the
year snail DC ueuucteu from the gains pr0ns, or Income
of the person who has actually paid the same whether
owner tenant, mortgagor; also the salary pay
ceived for services in the civil military naval other
service of the United States including senator's represen
tatves and delegates in Congress- above the rate of six
hundred dollars per annm also the amount paid by any
person for the rent of the homestead used occupied
himself his family and the rental value of any home
stead used occupied by any person by his family in
his right in the right of his wife, shall not be in
ouded and assessed part Of the income of such person.
In estimating the annual gains profits or income of any
u. interest received
bonds and mortgages, other forms Of indebtedness
bearing interest whether paid not If good and col
ctable, less the interest paid by or due from such per-
son. shall be included and assessed part Of the income
of such person for each year, and also all income gains
derived from the purchase and sale Of stocks other
property, real or personal and Of live stock and the
amount of live stock, sugar WOOL butter cheese pork
beef mutton or other meats hay and Il n other veg
etabe or other being the growth produce
oil the estate OF such person Sold Including any part
thereof nnsod or on hand during the year
the thirty of December until the same shall be sold
shall be included and assessed part Of the income OF
such person for each year. and his share of the gains and
profits OF all companies whether incorporated or part.
nsrshp shall be included in estimating the annual gains
roits or income of any person entitled to the
whether divided or otherwise In estimating deductions
nom income a. aforesaid, when any person rents build
ings lands other property hires labor to cultivate
land to conduct any other business from which such
income actually derived or pays interest upon any
tual incumbrance thereon, the amount actually paid for
such rent labor 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 tho
preceding five years. shall be deducted but deduction
shall be made for any amount paid out for new buildings
permanent improvements, betterments, made to In
crease the value OF any property or estate forded
That in where the salary or other compensation
paid to any person in the employment service of the
United States shall not exceed the rate of six hundred
dollars per annum shall be by fees uncertain
irregular in the amount in the time during which the
same shall have accrued been earned such salary
gains profits or income Of the person TO whom the
shall have been pad in such the commissioner
OF internal revenue under the direction Of the Secretary
of the Treasury, may prescribe"
That section one hundred and eighteen be amended
by striking out all after the enacng clause and ting
in lieu thereof he words "Thst il shall DO the duty Of
turn In such form and may DO prescribed by
the commissioner Of internal revenue the assistant a.
OF the district in which they reside Of the amount
Of their income, gains and profits Aforesaid; and all
guardians and trustees whether o. executors admins
traitors In any other fducisy capacity shall make aud
render list or RETURN as aforesaid to the assistant
Of the district in which such guardian or rustee
resides of the amount of income gains and profits Of
any minor or person for whom they act guardian or
trustee and the assistant shall require every list
or return to be verified by the oath affirmation Of
the party rendering it, and may increase the Of
any list or RETURN If he has to believe that the
same is understated and in case any person. guardian
trustee shall neglect refuse to make and render such
list RETURN shall render false fraudulent List
return it shall be duty of the the assistant
assessor to make such list according to the best fnforma
ton he can obtain by the examination Of such person.
and his books and accounts any other evidence and
to add twenty-five per contum o penalty to the
amount OF the duty due such list IN all Of wful
neglect or refusal to make and render list return
and in all cases of false fraudulent list return
having been rendered, to add hundred per centum
penalty to the amount of duty ascerained to be due
tho duty and the additions thereto penalty to be
assessed and collected in the manner provided for In other
cases OF wilful neglect refusal to render list re-
turn or Of rendering false and fraudulent return: Pro-
utded, That any party, In his or her own behalf
guardian or trustee shall be permitted to DECLARE under
oath or affirmation the form and manner of which shall
DO prescribed by the commissioner Of internal revenue
that he she, his her ward beneficiary was not
possessed Of an income Of six hundred dollars liable
be assessed according to the provisions Of this act or
may declare that or she has and paid an
income duty elsewhere in the year. under authority
of the United States upon his her gains and profits
satisfied truth Of the declaration shall hsreupon be
exempt from income duty in said DISTRICT or IL the list
return OF any party shall have been increased by the
assistant assessor such party may exhibit hi, books and
oath affirmation the amount Of annual income liable
be assesed but such oats and evidence shall not be
considered conclusive OF the facts and deductions
claimed in such cases shall be made allowed until ap
proved by the assistant Any person feeling a
gieved by the decision Of the assistant in such
may appeal the assessor Of the district and his
internal revenue shall be nal and the FORM time and
Of proceedings shall be to rules and regu
ations be prescribed by the commissioner OF internal
revenue" Il..
That section one hundred and nineteen DO amended by
striking out the words for thirty days." and after the
words for ten days after inserting the words "nocs
and" -.4.
That section one hundred and twenty be amoudod BY
striking out the end thereof the word "actn and In
serting in lieu thereof the word "section'
That section one hundred and twenty-five DO amended
by striking therefrom tho word sand" following the
word custody" and inserting in lieu thereof the word
"any"
tho and tha