New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-19
OFFICIA AL.
Laws OF THE UNITED STATES.
Passed Mt the Second Session Of The
Forty first Congress-.
GPUBLIC-No. 1911
AN ACT to reduce internal taxes, and for
other nurnnSnS

Quiet puIpoSto.
Be it enacted by the Senate and House OF
Representatives of the United States OF
America in Congress assembled. That
ON and after the first day Of May, eighteen
hundred and seventy-One, the special taxes
imposed by the seventy ninth section Oh
the act entitled '!An act to provide in
ternal revenue to support the govern
ment, to pay interest on the public
debt, and for other purposes approved
June thirty. eighteen hundred and sixty
four, as amended by section nine Of the in
ternal revenue act approved July thirteen,
eighteen hundred and sixty-six, and as
amended by section two Of the internal
revenue act approved March Two eighteen
hundred and sixty-seven, he and the same
are hereby repealed: but this act shall not
be held to repeal or in any way affect the
special tax on brewers imposed by said sec
ton, OF the special taxes imposed by the
act approved July twenty, eighteen hun
dred and sixty eight, entitled IAN act I'M
nosin~ taxes on distilled spirits ard tobacco
and for other purposes or the acts amenda,
tory thereof.
on and after the first day Of October, eight
cen hundred and seventy, the several taxes
on sales imposed by the internal revenue
laws now in force, saving ana excepting
such taxes on sales as are ny existing la"
leaf tobacco, manufactured. tobacco, snu11,
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- and
the same are hereby. repealed.
SEC. 3. And be it further enacted, That
OH and after the first day OF October,
eighteen hundred and seventy, the taxes
imposed by the internal revenue laws. now
-, f,roo bara;,r c,,nr;find fp and the same
arc hereby. repealed. namely: Oh articles in
schedule A: the special tax on boats, barges,
and flats; on legacies and successions; On
passports; and on gross receipts.
SEC A. 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 Tor less sum than one hundred
dollars, and on receipts fer any sum OF
money, or for the payment. OF any, debt,
and the stamp tax imposed in schedule e.,
| ON canned and preserved fish, be, and the
same are hereby, repealed. And 10 stamp
shall be required upon the transfer or as
| signment Of a mortgage, where 1t or the IN
strumcnt it secures has been once duly
stamped. And the proprietor or prOprietors
Of articles named in said schedule I, who
| shall furnish his OF 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
| kleifer or friction matches, and cigar lights,
| and wax tapers may be removed from the
| place of manufacture for export to foreign
country without payment OF tax. or atiiNing
| stamps thereto, under such rules and Iegu-
| lations as the Commissioner OF Inter
nal Revenue may prescribe; ami all pro
visions OF existing laws inconsistent here
with are hereby repealed
SEC. ). And be it further enacted, That
section one hundred and fifty-eight OF the
| act entitled IAN act to provide internal rev
| enuc to support the government, to pay III
rerest on the public debt and for other pur.
poscS," approved June thirty. eighteen hun
dred and sixty four, 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
.proyiso, and inserting in Lien thereof the
following: double the amount OF tax re-
| manning unpaid, but in 10 case less than
five dollars also, by striking ont the word:
'.sixty-siy" in the third prOviso, and insert
| inc in lief thereof the words ''seventy-onc;
also, by striking ont the words sixty
| seven" in the last proyiso. and inserting III
sorting in lieu thereof the words seventy
! two
SEC. c. And he it further enacted. Thai
there shall be levied and collected annual
AS hereinafter provided. for the year:
eighteen hundred and seventy and eighteen
| hundred and seycGty-Onc and 20 longer, :
tax of two and one-half per centrum upon
the gains, profits and income OF every per
son residing in the United States, and O
every citizen Of the United States residing
abroad, derived from any source whatever
whether within o. without the United
States, except IA hereafter provided, and ;
like tax annually upon the gains. profit
and income derived trom any business
trade or profession carried ON in the United
States by any person residing without th'
| United States, and not O. citizen thereof. o.
from rents of real estate within the tnite'
States owned by any person residing with
ont the United States, and not cltlzeI
thereof.
SEC. I. And be it further enacted. Tha
in estimating tho gains, profits. and income
Of any person. there shall be included al
income derived from any kind of property
rents interest received or accrued upon al
notes. bonds. and mortgages, or other form
of indebtedness hearing interest, whethe
paid or not if good and cOllectable. interes
upOn notes. bonds, or other securities OF tn
United States: and the amount of all pre-
| mum Oh golu anu cOtpOH>. tbt Sdihr
| profits, and income OF any business, pre-
fession. trade, employment, Office, or VEGA
ton: including any amount received a
salary or pay for services in the civil, mill
tarv, naval. or other service OF the Cnlte'
States. or as senator, representative or dele
gate in Congress; except that portion there
of from which, under authority Of acts o
Congress previous hereto, tax OF live pc
centum shall have been withheld; the shar
| q opI tc
, whether divided or not, of all companies o
partnerships, but not including the amour
| received from any corporations who's
officers, as authorized by law, withhold an
! pay as taxes per centllm OF the dividend
made, and OF interest or coupons paid b
such corporations; profits realized With
| the year from sales Of real estate purchase
within two years previous to the year Ia
which income is estimated; the amount G
| sales Of live stock, sugar, wool. butter
| cheese, pork beef, mutton or other meats
hay and grain, fruits, vegetables, or cthe
productions, being the growth or produce
| the estate OF such person, but not mcludln
any part thereof consumed directly ny tn
family: and all other gains, profits and IL
| come drawn from any source whatever, bt
!. not including the rental value Of the hOm'
stead used or occupied by any person, or
his family.
SEC. 8. And be it further enacted, Thu
! military or naval pensions allowed to an
person under the laws OF the United State
: and the SUN OF two thousand dollars OF til
gains, profits and income OF any persol
: | shall be exempt from said income tax,
: the manner hereinafter provided. Onl
| one deduction of two thousand dollars sha
: be made from the aggregate income OF a
/ the members of any family composed OF or
: or both parents and one or more mine
children. or OF husband and wife; but whe
3 | xriin los ht ln.. l.,