New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-11
OF FTCIAL
LAWS OF THE UNITED STATES.
Passed at fine Second Session Of the
FOrty.first Congress.

Be ii enacted by the Senate and House
Representatives of the United States
America in Congress assembled. Ths
on and after the first day of May, eightee
hundred and seventy-One, the special take
imposed by the seventy-ninth section I
the act entitled AN act to provide il
ternal revenue to support tine govern
mcnt, to pay interest on the publ
debt. and for other purposes. approve
June thirty, eighteen hundred and sixt,
four. as amended by section nine of the il
ternal revenue act approved July Thirteen
eighteen hundred and sixty-six. and i,
amended by section two OF the intcrna
revenue act approved March TWO eightee
| hundred and siyty-scven, be and the sam
are hereby repealed but this act shall no
| be held to repeal or in any way affect tn
special tax on brewers imposed by said see
ton, or the special taxes imposed by tn
| act approved July twenty. eighteen hun
| bred and siXt,- eight. entitled An act i'm
posing taxes Oh distilled spirits and tobacco
and for other purposes Or the acts amcnda
tory thereof
| SEC 2. And be it further enacted, Tia
| on and after the first day of October. eight
cen hundred and seventy, the several take
Oh sales imposed by the internal revenu,
DAVIS now in force, saving and eXceptin.
such taxes on sales as are by existing Law
paid by stamps, and the taxes on sales o
| leaf tobacco. manufactured tobacco. snuff
| cigars, foreign and domestic distilled spirits
and wines. imposed by said act. approved
July twenty. eighteen hundred and sixty
eight, and acts amendatory thereof. be. anC
the same are hereby, repealed.
Sec. 3. And be it further enacted, Thai
on and after the first day of October
eighteen hundred and seventy, the taxes
imposed by the internal revenue laws. now
-, haroi,, S,,a.ifiaA i,.i aud thn
are hereby, repealed, namely: on articles in
schedule A; the special tax on boats. barges
and flats: on legaces and SUGGESTIONS; on
passports: and on gross receipts.
SEC. 4. And be it further enacted. That
on and after the first day of October
eighteen hundred and seventy, the stamp
tax imposed in schedule b on promissory
notes for less sum than one hundred
dollars, and on receipts tor any sum OF
money, or for the payment Of any debt
and the stamp tax imposed in schedule Cl
on canned and preserved fish, be, and thd
same are hereby, repealed. And no stamp
shall be required upon the transfer or as!
signment of Il mortgage, where it or the int
strument it secures has been once duly
stamped. And the proprietor or proprietors
of articles named in said schedule C, who
shall furnish his or their own die or design
for stamps to be used especially for his or
their own proprietary articles, shall be
allowed the following commissions. namely:
On amounts purchased at one time of not
less than fifty dollars nor more than five
hundred dollars, ten per centum on the
whole amount purchased Provided That
lmciter or friction matches. and cigar lights.
and wax taperS. may be removed from the
place of manufacture for export TO tOreig
country without payment OF tax, or affixing
stamps thereto, under such rules and regu-
lations as the Commissioner of Inter-
nal Revenue may prescribe and all pro
visions of existing laws inconsistent here
with are hereby repealed.
SEC. ). And be 1t further enacted. That
section one hundred and fifty-ei@ht of the
act entitled San act to provide internal rev.
enue to support the government. to pay in
terest on the public debt. and for other pui-
poses, approved June thirty. eighteen hum
dred and sixty tour, as amended by section
nine of the internal revenue act approved
July thirteen. eighteen hundred and sixty
six, be, and is hereby. amended by striking
out the words fifty dollars" in the second
prOvisO, and inserting in lieu thereof the
following: double the amount OF tax r.
nlaining unpaid, but i'll no case less than
five dollars also. by striking ont the words
''sixty-six'' in the third proviso, and insert
ing in lief thereof the words ''>eventy-one;"
also, by striking out the words sixty
seven in the last prOyisO, and inserting i'll
sorting in lieu thereof the words seventy
two
SEC. 6. And be it further enacted That
there shall be levied and collected annual
lv, as hereinafter provided, for the years
eighteen hundred and seventy aud eighteen
hundred and seventy one, and no longer. a
tax of two and one-haif per centum upon
the gains, profits and income of every pdr-
son residing in the United States, and Eof
every citizen of the United States residing
abroad, derived from any source whatever,
whether within or without the United
States, except as hereafter provided, and a
like tax annually upon the gains. profits
and income derived from any business,
trade or profession carried on III the United
States by any person residing without the
United States, and not citizen thereof. or
from rents of real estate within the United
ont the United States, and not a citizen
thereof.
Sec. 7. And be it further enacted. That
in estimating the gains, profits, and income
of any person, there shall be included all
income derived from any kind Of property,
rents, interest received or accrued upon all
notes, bonds. and mortgages, or other for tns
of indebtedness bearing interest. whether
paid OF not, if good and collectable. interest
upon UOteS. JULIUS, OF OtHcI stcuTltleS VI tEe
United States; and the amount OF all pre-
MUM ON gold and coupons; the gains,
profits, and income of any business, liro-
fession, trade, employment, office. or VEGA
ton; including any amount received as
salary or pay tor services in the civil. Mill
tary, naval, or other service of the United
States, or as senator, representative or dele
gate in Congress; except that portion there
of from which, under authority of acts of
Congress previous hereto, Il tax of five per
centum shall have been withheld: the share
of any person Of the gains and profits,
whether divided or not, of all companies or
partnerships, but not including the amount
received from any corporations whose
officers, as authorized by law. withhold and
pay as taxes per centum of the dividends
made, and of interest or coupons paid by
such corporations; profits realized within
the wear from sales OF real estate purchased
within two years previous to the year for
which income is cstimated the amount of
sales of live stock, sugar. wool. butter,
cheese, pork, beef, mutton or other m4ats,
hay and grain, fruits, vegetables. or other
b. ing the growth or produce of
the estate of such person, but not incluiiing
any part thereof consumed directly by the
family; and all other gains. profits and in
come drawn from any source whatever but
not including the rental value of the home
stead used or occupied by any person, or by
his family.
SEC. s. And be it further enacted, That
military or naval pensions allowed to any
person under the laws of the United States,
and the sum of two thousand dollars OF the
gains, profits and income of any person,
shall be exempt from said income tax, i'll
the manner hereinafter provided. Only
one deduction OF two thousand dollars shall
be made from the aggregate income Of all
the members OF any family composed Of one
or both parents and one or more minor
children, or Of husband and wife; but when
wife has by law a separate income, be-
yOnd the control Of her husband. and il lIv-
ing separate and apart from him, such de-
ductiOn shall then be made from her indome
gains and profits; and guardians and Itrus-