New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-16
OFFIC a l..
LAWS OF THE UNITED STATES,
Passed at the second session Of the
EOr:y first Congress.


AN ACT 10 reduce internal axes and for
otirr our."sr-.
i" i cnnctc,i -, :: ~. S.'r.... and House Of
Erp,,.~. natives oi he l;ired States OF
AnrIirn III Cone"r,- assembled. Thai:
"n Hnl after t.ir Inst ddr a.. Mav. ci.hfccn
hund!cl and >"Nc;lt one. .'l.. special ia Nrs
imposed 10y the So cut .i;n:ii section o.,
the get emitted '.tL act :" provide IN
t'rnal rrN"nt.' :" SUPPORT tl.r govern
ment. t." pa" interest on the ruh!i,.
debt. and trr cine nl;'po>.>. approved
june thirty. eighteen hundred and sky
iour. ~ amcn'tcd i'y section :!inc OF the in
trInai IrNenuc at: approved July thirteen,
eighteen hundred a!i .;Niy>;x. and rs
amended by section tno O.. :hr internal
revenue act approved March tV" eighteen
hurt.y.d and >;A.s-~.>rl, I've aud the same
/, ~" hrrrht repealed: hut 'h,- act shall not
Uc held t. repeal o. n a,> way affect the
| special fax on brewers i:ni'n-,d by said see
| ton. or the -I,ccin! taxes ini'"scd 10y the
| re. approved ,'Iuv twenty. eighteen hun
! dg,o and siNt. -!.h', entitled "Au AIT i'm
! posing faxes on distilled ,!,ii;'> and tobacco
and for otie: i'ur.'n q" Ia" acts amends.
| :ort thereof.
! NE,. = And l." :, :!,r..l,. enacted. Tha.
On and after the as day OF Oct"I'rr. eight
cen hundred and -...cufv. :l,' several taxes
on safes Imposed hv the internal revenue
laws now IL force. SAVING and excepting
such taxes on ~iirS a. are by existing law
paid by stamps. "nd the tiNc. on sales %
leaf tobacco. lii, lt:itctnieu tobacco. snuff
cigars. foreign and domestic distilled spirits
and wines. imposed by sad act. approved
july twenty. eighteen hundgcd and sixty
EIGHT. aud acts amrnl,tar. thereof. he. and
the same are hrrci>y. repealed.
SEC. ). And be il turt+'rr enacted. That
on aud after the first .iav a.; October.
eighteen numdlcd and seventy. the t!\c-
imposed 10y the Internal revenue iaN>. nov
III force, herein specified. be. and the same
are hereby. repealed. namely: on articles ii
schedule A: the SPECIAL tax on boats. harG's.
and flats; on lr.a"ic~ and SUGGESTIONS: on
passports and on gross receipts
SEC. !. And be j. further enacted. That
on and after til" first day of October,
eighteen hundred aud seventy, the stamp
tax imposed III schedule |; on proini.~orv
notes for - less sum than one hundred
dollars, aud or receipts i"r any sum "t
money. or for tuc payment ut any debt.
and the stamp IA, imposed i'll schedule {.
on canned and preserved fish, be. and the
same are hereby, repealed. And no stamp
shall he required upon the transfer or as
signmcnt of ii ln"rts where it or the in
stUllincnt it scores has been once duly
stamped And ttlc proprietor or proprietor,
of article, named IN SAID schedule T.. who
shall furnish III, ii their own die rr design
for stamps to h" used especially for his o.,
their own proprietary Articles. >hH! be
allowed the toiioWin. commissions. namely:
On amounts purchased at one time OF not
les than fifty dollar, nor more than five
hundred dollars, ten per c"ntum on the
whole amount purchased Provided. That
luritcr or friction matches, and cigar lights,
and wax tapcrs. may be removed from tn"
place of manufacture ior export 10 a foreign
country without payment of tax. or afhN,ug
stamps thereto. under such rules and iegu-
lltion- a- the Commissioner of Inter
nal Rcyenuc may prescribe; and all pro
visions of existing laws inconsistent here
with are hereby repealed.
SIC. ). And H.. y furtht, enacted. That
section one !Jr,;ryi and fity-ci.ht OF the
act entitled An at 10 prov de internal rev
enJ" to support the government. to pay IN
tereSt on tn, puhl;r t,,.bt. aud tor other ,ur
po>cs." approved jane yhi,ty eighteen hun
bred and >iNty !".ir a> amended by section
nine of the intcrna! ;cYcnuc act. approved
July thirteen. eighteen hundred and sixty
siy he and is hereby. amended by striking
out the words lift, dollars" in the second
proyi>o. and in-cr,ins i'll lieu thereof the
following: "douh:c the amount of tax rc-
manning unpaid. a'l: III no case less than
five dollar" also. ~ striking. out the words
'',ixty-six' in tEr th.d prov so, and insert
ing IN lie. thereof the words ''>ct cnt lone:
also. by stiikn. Oh: the words ',iAiy-
seven" III the last utoVi>", and inserting III
sorting in i!c'. .As,co: Ii" words seventy
two"
SIC. Is. And ." j. further enacted. That
thcr. shall hc levied and collected annual
". a. hereinafter provided. 70" the wears
cig htrcn hundred and seventy and eighteen
hundred ami seventy one, ana no longer.
tax Of TWO and onr-la1 per cent am ;pon
the gains, profit aild Income OF every pcr
son residing ia the United States. and %:
every citizen al The United States residing
abroad. derived ,r"'n any source whatcNcr.
whether within or without the United
States. rxcoj,. IL. hereafter provided AMI Il
like tax ANNUALLY upon the gains, profits
and income derived from any business.
trade or profession carried on i'll the nltcd
States by any re:-cn residing without the
United States. and not citizen thereof or
from rents Of rc.,. ca' ate within the United
States owned IVY ang pcr-on residing with
ON the United States. aud not Il citizen
thereof.
SIC. :. Aud be II further enacted. That
in estimating ;nc gains. profits, and income
of any pcrSon. th":c shall he included all
income derived from am kind of property.
rents. interest received or accrued upon all
notes. bonds. and mortgages. or other forms
of Indebtedness, brarin. interest whether
paid OF not, If good and coil"Ctablc. interest
upon notes. hoid-, or otter securities OF the
United States: aud the amount of all pre-
MUM on gold and coupons: the gains.
profits, and income Of any business, pre-
t,s>ion. trade. employment. office. or voca
ton: including any amount received a.
salary or pay for service, 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 whic.i. under authority OF acts OF
Congress previous hereto, tax of five per
c,nt,lm sla. have been withheld; the share
Of any person O. the gains and profits.
whether di, idcd or not. Of all companies or
partnerships, bur no: including the amount
received from anT corporations, whose
officers, "a authorized by law. withhold and
pay H. taxes per c"ntil'r OF the dividends
made. ANA " interest OF coupons pald by
such corporations, pyoiit, realized within
th. year from sale, oi real estate purchased
within two years previous TO the yea Tor
which income L. c>tiiuatcd: the amount "i
sales vi live Stock. sugar. wool. butter.
cheese. pork, beet mutton " ether meats,
hay and grain. !.u':-. vegetables. or other
Productions. being the growth or produce oi
thc estate o.. So, person. bill not including
any part theIcn! consumed G.lrct'N by Tie
family: aud al. Ot!Icr gains. profits and III
come d'aWu i!"iE any >"ni.r whatever, hut
not lu'ijidIn. til. rental \iilr" oi IN" home
stead "~'i o, ",c''n,.'d H. Al. person. -. ~
hi- family.
SIC. s. A:ii ho j. further enacted, ilat
military o; naval 'naionS allowed to any
person under the law. OF tn" United States.
and the sum OF .Nn tno,,an dollars of the
gain-. profits ana income OF any pcl>"n
shall be c>ciap' from said income tax. III
the manner hereinafter provided. Only
one deduction of two thousand dollars shalt
bc made from the aggregate income OF ali
the lnc!n"rr- OF any family composed Of one