New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-01
OFFICI A L..
LAWS OF THE UNITED STATES.
Passed Mt the Second Session Of the
Fcrty-first Congress.

AN ACT to reduce internal taxes, and for
other purposes.
Be it enacted by the Senate and House of
of the United States of
America in Congress assembled, That
nn and after the first day OF May, eighteen
hundred and seventy-one, the special taxes
imposed by the seventy-ninth section OF
the act entitled IAN act to provide i'll
tcrnal revenue to support the govern
mcnt, to pay interest on the puoilc
debt. and for other purposes approved
June thirty, eighteen hundred and sixty
four. as amended by section nine OF the III
tcrnal revenue act approved July thirteen,
eighteen hundred and siNty-siX, ana 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are hereby repealed: but this act shall not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 afcct rhe
snccial tax on brewers imposed by said sec
ton, or the special taxes imposed ny tue
act approved July twenty, eighteen hun
drcd and sixty eight. entitled An act I'M
nosiup taxes on distilled spirits and tobacco,
and for other purposes" or the acts ilhenoa-
tory thereof. nm
SEC > And be it further enacted, lh;t
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 and excepting
such taxes on sales as are by existing law
paid by stamps, and the taxes on sales OF
leaf tobacco. manufactured tobacco, snuff.
cigars, foreign and domestic distilled spirits,
and wines. imposed by said act, approved
July twenty. eighteen hundred and sixty
eiyht. and acts amcndatory thereof, he, and
the same are hereby, repealed.
SEC g. And be it further enacted. That
on and after the first day OF October.
eighteen hundred and seventy, the taxes
imposed by the internal revenue laws, now
in force. herein specified. he. and the same
are hereby, repealed. namely: on articles III
schedule A; the special tax on boats bargcs,
and flats; on lcgacies and Succcssions; ON
passports; and Oh gross receipts.
SEC t. And be it further enacted, That
on and after the first day of October.
eighteen hundred and seventy, the stamp
fax imposed in schedule Il on pre:nissory
notes for n less SUN than one hundred
dollars, and on receipts for any sum OF
money, or for the payment OF ANY debt,
and the stamp tax imposed III schedule Z.
on canned and preserved fish. be, and the
same are hereby, repealed. And no stamp
shall be required npon the transfer or rs
signnent OF "A mortgage, where 1t or the III
stlulnent il secures has been once duly
STAMPED. And the proprietor or proprietors
of articles named in said schedule {, who
shall furnish his or their own die OF design
for stamps to he used especially for a!s or
their own proprietary articles. shall be
allowed the following commissions, nassaely:
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
lucifer or friction matches. and cigar lights
and wax tapers, may lie removed from The
place of manufacture for export to a foreign
country without payment of tax. or ;ifhAIng
stamps thereto, under such rules and regu-
lations as the Commissioner of Inter
nal Revenue may presc8be; and Ill pro
visions of existing laws inconsistent here
with are hereby repealed.
SEC. j. And be it further enacted, That
section one hundred and tifty-eight OF the
act entitled AN act to provide internal rev
enue to support the government. to pay III
terest on the public debt, and for other pur-
poses," approved June thirty eighteen hun
drea and sixty four. as amended by section
nine of the internal revenue act. approved
July thirteen. eighteen hundred and sixty
six, lie, and is hereby, amended by striking
out the words fifty dollars in the second
proviSo. and inserting in lien thereof the
following: double the amount of tax re
manning 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 ''sevent zone:
also. by striking out the words .'siNty-
seven" in the last proviso. and inserting in
sorting in lieu thereof the words seventy
two"
SEC. 6. And bc it further enacted. That
there shall be levied and collected annual
". as hereinafter provided, for the wears
eighteen hundred and seventy and eighteen
hundred and seNcnty-onc, and no longer,
tax OF two and one-haf per centum upon
thceyains. profits and income OF every per
son residing in the United States, and of
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 Il
like tax annually upon the gains. profits
and income derived from any business,
trade or profession carried on in the United
States by any person residing without the
United States, and not "a citizen thereof, or
from rents of real estate within the United
States owned Ivy any person residing With
out the United States, ami not citizen
thereof.
SEC. I. 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 mort cages. or other forms
of indie btcdneSs bearing interest, whether
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salary or pay tor services i'll the civil. mill
tary, naval. or other service of the United
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