Evening star., 1867-03-19
THE EVENING STAR
o r p &c A L,
LAWS OF THE UNITED STATES.
EAss.d ut the Second Session of the Thir-
ty-ninth Congress.
fRIfpTIc-Nn -

iPUBLIC-So. eII
AZ AeT 20 amend existing laws rsl8t .ng % n
feTnal revenue, and for other purposes.
IccnfiREed from yesteYdays ErsHiES S.Grl
SEC. l3- And Be Il further srGetsi. rha, me
Ac' entitled IAN act 70 provide Internal rev.
-sue 10 support the government, 20 Pay iC
srest on the public debt, and for o-Ae- pur-
poses, approved June thirty, eighteen hun
tred and sixty four, and as subseC usntly
amended, be further amended as follows,
namely
Tha: section one hundred ard sixteen ba
amended by striking cut all after The ersctinS
clause and inserting in lien thereof as fclIows
Thai there snail be levied, collected, and paid
annually upon the gains, profits, Snd in cor1a
of every person residing IN the United >ta.ss,
o. of any citlZeE OF the United States residing
abroad. whether derived from any KIND ef
property, rents. Interest, dividends, or salaries
or from any profession, trade, employment. or
vocation, carried on IN the United States O.
elsewhere. or from any other seource wha.
ever, a TAX OF i've per centGm on the amo oEp.
sc derived over one thousand dollars. and g
Ike iaX snail De levied, collected, aud paId
annually upon the gains, profits, and income
cf every business, trade, or profession carried
On IN the United States by persons residing
without The United States, and not citizens
iheIeof. And the tax herein provided fO-
shall be assessed. collected. and pad upon the
gains. profits, and income for the year ending
rhe thirty-hrst day of December mex, prec-c-
ing the time for levying. collecting, and pay
ing said tax.
That section one hundred and seventeen ba
amended by striking ont all after the enactIug
clause and inserting, in lieu Thereof, the fol-
loving That, in estimating the gains profits,
and income of any person, there shall De in
cluded all income derived from interest upon
notes, bonds. and other securities OF the United
States; profits realized within the year from
sales OF real estate purchased within the yea
Sr within two years previous TO the year for
which income 'oGs Iisl estimated; interest re-
eeived or accrued upon old IalI] notes, bonds,
and mortgages, or other forms OF indebtedness
bearing interest. whether paid or not, II good
and collectable, less the interest which mas
become due from said person during the wear:
the amount of all premium on gold and cou-
pens; the amount OF sales o: live stock, sugar.
wool, butter, chele Sc, pork, beef, mutton, or
other meats, hay and grain, or ether vegetable
or other prod ductions, being the growth or pro-
duee OF the estate Of such person, not IN nciua-
Ing any part thereof consumed directly by the
derived from any source whatever. excep, the
rental value OF any homestsa ad used or occu-
pied by any person or by his family in his own
right or in the right OF his wife and the share
OF any person OF the gains and profits OF
all companies, whether incorporated or part.
nershIp, who would be enIitled TO the same If
divided, whether divided or otherwise except
the amsunt OF income received from ins,itn-
tions or corporations whose officers as re-
suired by law, withhold per centum OF the
olyidends made by such institutions, and paw
the same 70 the officer Authorized 70 receive
the same; and except that portion of the salary
or pay received for services IN the civil mill
tary, naval, or other service Of The United
Stares, lnclndlng senator's, representatives,
and delegates in Congress. from which The tax
has been deducted And in addition 10 one
thousard dollars exempt from income tax "A
hereinoefore provided. all national. STATE.
county, and municipal taxes paid within me
year shall be deducted from the gains. profits.
or income OF the person VINO has acluaIIy
PAID the same, whether such person be own.
er. tenant, or mertgager; losses actually sUs-
tained during the year arising from fires SHIN
wreck, or incurred in trade, and debts ascer
tanned 10 be worthless, bn: excluding ali es-
iImatsd depreciation OF values and losses
within the year on sales OF real es-ate mn
chased two years previous 10 the wear for
which income Is estimated; the amount AZ.
thaily paid for labor or interest by any per-
son who rents lands or hires labor > cult.
Vate Iahd, or who conducts any other busi-
ness from W hich income is actually deriyed.rhe
amount actually paid by any person FOR the
rent OF the house or premises occupied as a
residence for himself or his family: the amount
paid out for usual or ordinary repairs: Pro.
r'Gsc, Ihat no deduction shall oe made for any
amount paid out tor new buildings. perna-
Dent Improvements, or betterments made 70
increase the value OF any property or estate
And provided, further, That only one deduction
OF one thousand dollars shall De made from inc
aggregate income OF all the members OF any
family, composed OF one or both parents and
one or more minor children, or husband and
wife, that guardians shall be alIo wed 10 maze
sucn deduction Ir favor of each and every
ward, except that in case where two or more
WARDS are comprised in one family, and nav.
~
shall be made IN their favor: Ind proyidsd.
faTtksr, That in cases where the salary or other
compensation paid 10 any person in the en-.
pioyment or service of the United States SHAH
Rot exceed the rate of one thousand dollars per
annum, or shall be by tees, or uncertain or ir
regular in the amount or in the time during
which the same shall have accrued or been
earned, such salary or other compensation
shall be included In estimating the ANIMAL
gains. Profits, or in come of the person to wnom
the same shall have been paid.
That section one hundred and eighteen ne
amended by striking out all after the enacring
clause and ineertng, in lieu thereof the fol-
lowing: That il shall be the duty of all persons
OF lawful age 70 make and render a list OF
return, on or before the day prescribed by la w.
IN such form and manner as may be prescribed
by the Commissioner of Internal Revenue 10
the assistant assessor OF the district in which
winch tney reside, Of the amount of their
income, gains, and profits, as aforesaid; and ali
guardians and trustees, executors and admins
rators, or any person acting in any other fdu-
Iary capacity, shall make and render a list or
return, as aforesaid TO the assistant assessor of
the district In which such person acting in a
nduciary capacity resides, Of the amount of
income gains, and profits Of anv MINOR or
person for whom they act; and the assistant
assessor shall reouire every list or return to he
verified by the oath or afhrma alton of the party
rendering H. and may increase the amount Of
any list or return, IL he has reason to believe
that the same is understated; and in case any
such person shall neglect or refuse TO make and
render such list or return, or shall render a
duty OF The assessor ol the assistant SCISSOR to
make such list, according TO the best informa-
ton he can obtain, by the examination of
such person, er his books or accounts or any
other evidence, and TO add fifty per ceutunn
as penalty 10 The amount OF The tax due
on SUCH list in al cases of wilfuI neglect or
refusal TO make and render q list or return
and In all cases Of a false or fraudulent list or
return being rendered, to add one hundred per
eentum, as penalty, TO the amount OF tax as
certaIned 10 Be due, the tax and the additions
thereto as penalty 10 De assessed and collect.
ed in the manner provided for in other cases of
wllful neglect OF refusal 10 render a list or re-
turn, or of rendering a false and fraudulent
return: Prorided, That any party. in his or her
own behalf, or as such hduciary, shall be per-
mItted TO declare, under oath or affirmation
the form and manner OF which Gall be pre-
scribed by the Commissioner OF Internal Rev
enue, that he or sae, or his or her ward or ben
ehciary, was not possessed Of an ncome OF one
Thousand dollars, liable to be assessed accord
Ing To the provisions Of this act: or NAV de.
clare that he or she has been assessed and paid
an income tax elsewhere in the same year un.
Ger authority oftae United States. upon mis- or
her income, gains, and profits, as prescribed
py law; and IL the assistant assessor shall be
sansned OF the truth of the declaration, shall
theIenpon be exempt from income tax in tue
said district; or IL the list or return Of any