Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1865-04-13
The Amended Tax Law.


The followin. is ABSTRACT of the amended
Internal Revenue law, which took effect on
the frs, inst.
In.urance Brokers are liable to license without
TeeaId tu ;hc amount of their receipts.
The section in relation To pcddlcrs Is amended
so that no man, between tle ages of twenty and
forty five, WHO - enrolled for military duty. or
regularly exemrtcd from curollmob or draft for
physical disability shall te entitled TO license ~
a pe,ldlcr.
Paragraph forty nine OF section 70, is repealed
and the following license added:
I Miners of col or OF er minerals, shall ply ten
dollars per annum Tor license when receipts exceed
enc thousand dollars per annum.
/ ANY person. firm or company engaged in the
clrrvins o. delivery Of money, valuable papers. or
any articles :or Plv, or DOING express business,
whose srlss receipts exceed the sum of six hun
di cd dollars per annum. shall pay ten dollars.
/ Substitute brokers shall pay one hundred dol
lar, license and in addition thereto ten dollars for
each sub ijute volunteer representative recruit
actually mustered into the military service of the
/ United States.
/ lnsTan~e brokers shlll pay twenty five dollar,
/ FOR each license.
/ The weekly return required o manufacturers OF
tobacco, snuff and cgars, is dispensed with. and
/ the return To be made monthly.
Oni,i-heads pr ntc'l printed cards and printed
other printed forms, duty of five per cent nd va
/ lOrom i charged.
/ The duty upon printed books, magazines. &c
is to he paid bv the publishers, and not by the
/ printer or binder.
/ Custom made clothing, or other articles OF dress,
are made subject to duty Of five per cent. when
/ the annual product exceeds one thousand dol
/ lars.
/ On snuff manufI cturel OF tobacco, or anv
substitute for tobacco, forty cents per pound
! On cavendish. plug, twist and all other kinds
of manufactured tobacco forty cents per pound.
/ On fine cut chewing tobacco, either with the
stems in or not, forty cents per pound.
! On smoking tobacco made exclusively Of stcms
fifteen cents per pound
On smoking tobacco OF all kinds exccpt when
made exclusively of stems, thrty-ive cents per
pound
Or cigarettes made Of tobacco, enclosed in pa.
per wrapper, ) cents for each package of twenty
five cigars.
On all cigars, cheroots, and cigarettes, made
, wholly OF tobacco, or any substitute thereof, ten
dollars per thousand cigars.
The rate of tax upon incomes, when the
amount exceeds six hundred dollars, and does
not exec ed fve thousand dollars, five per cent
and the excess over FIVE thousand. ten per cent
s,mc to be levied md collected uron the income
of 1864.
All taxes, including the income tax paid may be
deducted from incomes.
Interest on notes, &c. accrued. whether paid r
not, must be reported as income and inter-
est accruing against the the tax payer, NAV be
deducted.
The increased value of live stock on hand, is
not to be included; but the amount received for
live stock sold, must be returned is income.
1t has been generally understood that persons
might deduct the rental value oi their homcsteads
when owning and living on the SINE, from their
income, but this is not the fact. The law provides
that the rent, value shall not be charged as income
to the person so owning and living i'll same The
profits upon real estate. having been purchased
and sold during the year, for which the income is
reported. shall be accounted for income.
! The income tax is made PAYABLE Immediately
after the goth of June upon ten days notice from
the Collector.
Every tax is made lien from the time it is
due.
Any person. after being notified. who refuses
or ncglccts to make a return of his income to the
Assistant Assessor in due time, will have the re-
turn made by the Assistant Assessor upon the best
information he can get, and penalty OF twenty
five per cent. added, and in case any person shall
make fraudulent return, the Assessor will
make the return for him, and add one hun
dred per cent.
Medicines compounded according to published
formule are made subject to ad valorem duty.
Articles enumerated in Schedule &, when
exposed for sale without the proper stamp being
affixed, are liable to seizure and con6sca :
ton.
Receipts issued by Express Companies are ex-
emp' fIom Stamp duties, but receipts given to Ex
press Companies are not exempt.
The nanuiacturerof PLAYING cards is allowed
to afix the stamp appropriate to the price
at which he sells, and subsequent venders must
affix additional stamps. the advance in price
requires it.
When two or more persons sign the same re-
ceipt, one stamp equal in value to the several
stamps required, may be affixed in lieu of said sew
eral stamps.