The Norfolk post. [volume] (Norfolk, Va.) 1865-1866, 1865-07-07
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comet and losses sales OF real estate purchased with
the year for which income estimated shall be dsducts
from tho Income OF su b year." .,s-t
That section one hui lied and seventeen be amende
striking out after the enacng clause and nsertin
In lieu thereof the following THAT In estimating IN
annual gains profits, and income OF any person. all M
tiona state county and municipal taxes paid within thu
year shall DO deducted from the gains prohts or incom
Of the person who has actually paid the same whether
owne tenant or mortgagor; also the salary or pay re
coved for services in the civil military naval or othel
Of the United States including senator's epresen
ayes and delegates in Congress- above the rate Of els
hundred dollars par annu also the amount paid by an!
person for the of the homestead used occupied BY
himself or his family and the rental value of any home
stead used or occupied by any person or by Ills family
his own right or In the right OF his wife, shall not be in
cuded and assessed part Of the income OF such person
In estimating the annual gains profits, or income OF an.
the interest received or accrued upon all notes
bearing interest, Whether paid or not If good and col
ctabe less the interest paid by or due from such per
shall be included and assessed part Of tho ncq
such person for each and also all income or gain
derived from the purchase and sale Of stocks or othe
property, real or personal and of live stock, and thu
amount Of live stock sugar WOOL butter cheese, pork
beef uttop or other meats hay and grain or other veg
etabe or other productions, being the growth produc
OF the estate OF such person Sold not including any part
unsod or on hand during the year mex preceding
the thirty first of December until the same shall be sold
be included and assessed as part OF tho income
for each year, and his share of the gains and
profits OF all companies, whether incorporated or part
nership shall be included in estimating the annual gains
rohts or income Of any person entitled to the same
whether divided otherw De In estimating deductions
from income aforesaid when any person rents build
ngs lands or other property hires labor to cultivate
land or 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 deduced and also
exceeding the average paid for such purposes for the
preceding five years. shah be deducted but no deduction
shall be made for any aount paid out for new buildings
permanent improvements or betterments made to in
crease the value of any property estate: Potdded
That In cases where the salary other compensation
paid any person in the employment or service the
| States "a raj vi
dollars per annum, or shall be by fees, uncertain
irregular in the amount or in the time during which the
same shall have accrued or been earned such salary
compensation shall be included in estimating the annual
gains, profits or income Of the person to whom the
shall have been paid, in such manner the commissioner
of internal revenue under the direction of the Secretary
of the Treasury may prescribe r.
| That section one hundred and eighteen be amended
by striking out all after the enactng clause and inserting
in lieu thereof the words "That it shall be the duty
all persons OF lawful age to make and render list
turn, in such form and manner may prescribed by
the commissioner of internal revenue the assistant
OF the district in which they reside the
OF their income gains and profits, as aforcsaid and all
guardians and trustees whether executors, admins
traitors or in any other ducay capacity shall make and
render list or return, aforesaid to the assistant
SCISSOR of the district in which sch guardian
resides of the amount of income, gains and profits of
any minor or person for whom they act guardian
tee and the assistant shall require every list
or return be verified by the oath affirmation OF
the party rendering it, and may increase the
any list or RETURN If he has reason to believe that the
same is undertated 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 heduty of the assessor the assistant
make such list according to the best niorma
ton he can obtain, by the examination Of oh person.
and his books and accounts any other evidence and
to add twenty-five per centum as penalty TO the
amount the duty due such list in all of wlfu
neglect refusal to make and render list or return,
and in all of false fraudulent list return
having been rendered. to add hundred per centum
penalty to the amount Of duty ascertaned to be due
the duty and the additions thereto penalty to be
assessed and collected provided for in other
If Or
turn, Of rendering false and fraudulent return: Pro
rided That any party, in his or her own behalf, or as
guardian trustee shall be permitted to declare under
oath affirmation the form and manner which shall
DO prescribed by the commissioner Of internal revenue
that he or She or his or her ward or beneficiary was not
possessed Of income OF six hundred dollars liable to
be assessed according to the provisions of this act;
may declare that he she has been assessed and paid
income duty elsewhere In the year under authority
of the United States upon his her gains and profits
prescribed by law and if tho assistant shall be
the truth of the declaration shall therapeutic
exempt from income duty in said district; or the list
or return OF party shall hayo been increased by the
assistant such party may exhibit his books and
accounts and DO permitted to prove and declare under
oath affirmation, the amount of annual income liable
TO be assessed but such ohs and evidence shall not be
considered conclusive of the facts and no deductions
claimed In such cases shall be made allowed until ap
proved by the assistant Any person feeling az
greved by the decision of the assistant assessor in such
may appeal to the assessor of the district and his
internal revenue shall be final, and the orm time, and
Of proceedings shall DO subject rules and reg
tions to DO prescribed by the commissioner OF internal
revenue" l.g
That section one hundred and nineteen be amended by
striking out the words for thirty days. and after the
words for ten days aer inserting the words "notco
and"
That section one hundred and twenty DO amended BY
striking ont at the end thereof the word "act and In
| sorting in lieu thereof the word section"
That section one hundred and twenty-five be amended
by striking therefrom the word and" following the
word custody and inserting in lieu thereof the word
"any!n
That section one hundred and thirythres be amended
by adding at the end thereof the following Words Pro
pde That duty shall be levied in respect Of any
cession vesting before or subsequent to the passage Of
this act where the successor shall be the wife OF the pre-
decessor." A..
That section one hundred and thirtyfve be amended
by striking thereom the word extension" and insert
Ing In lieu thereof the word Extinction"
That section one hundred and forty nine be aendedby
striking out the word "assment" and inserting In lieu
That section one hundred and yelght be amended by
striking out all after the enactng clause and inserting In
lieu thereof the following, towit That any person or
persons who shall make sign or ISSUE or who shall cause
paper e Of description whasosssr or shall
accept negotiate or pay or cause to be accepted nego
tlatsd paid any bill of exchange draft ORDER
same being duly stamped having thereupon adhe-
sye stamp denong the duty chargeable thereon with
intent to evado the provisions Of this act shall for every
strument document, or paper BILL draft ORDER or note
shall be deemed invalid and Of no effect: Provided
That the title of purchaser Of land, by deed duly
stamped shall be defeated affected by the of
proper stamp any deed conveying said land by any per-
son FROM through under whom his grantor claims
holds title: And provided further That hereafter In all
where the party has not affixed any instrument
las required by the hundred and fyrst section Of
the act of June thirteth eighteen hundred and sixty.
four, the schedule marked thereunto annexed and
the stamp thereby required to be thereunto affixed the
time of making issuing the said instrument and he Or
they any party having interest therein shall be sub
sequently DESTROYS of afxng such stamp said nstru
men he they shall appear before the collector Of the
revenue of the proper district who SHALL upon the pay
ment of the price of the proper stamp required BY law
and of penalty of fifty dollars. and, where the whole
Of the duty denoted BY the stamp required shall
exceed the Of fifty dollars payment also of inter
est at the rate Of six per cent said duty from the day
which such stamp ought to have been affixed, ax the
gin Of said instrument the date Of his doing and the
fact that such penalty has been paid and sueh hstlu
ment shall thereupon be deemed and held 70 be as veo
to all intents and purposes Mstamped when ma1e VI
issued: And provided further, That where ~ snail ap
pear said collector upon oath otherwise 10 ms sat
stamped the time of making or Issuing the same oy
accident mistake, nadvertence, or urgent ne
cessity and without any wlful design to deraud the
United States Of the stamp duty or to evade or delay the
payment thereof then and in such case If such nstru
ment shall within twelve calendar months after the ma
king or Issuing thereof be brought to the said collector Of
revenue be stamped and the stamp duty chargeable
thereon shall be paid it shall be lawful the said col
eoor TO remit the penalty aforesaid and to cause such
! instrument to be duly stamped
That section hundred and sixty be amended by IN
eertng before the word injury the word accidental
and BY striking out the words "whe travelling; also
by striking out after the words nor certificates the
word "orn and inserting in lien thereof the word oi
and by striking out the words sother articles and In