, 1870-07-18

An ACT to Reduce Tnxes mud for


Ee it tnucttd by the Senate and House Of
RtTys*tsstaliees Of he United .4Qkes Of -sn.t7--
icd in CoaJrrsS assembled: That on and after
.the LIT day OF October. 1870.the taxes lmpos-
ed bE the internal revenue laws, nov in force,
herein specified, be, and the same are hereby,
repealed, namely: On articles in Schedule 4;
the special tar on boats. harEcs. and Hats !; Oh
legaciea and succeesloLs: Oh passports and
OH gtosa receipts.
Sgc. = s.t le 1t further 4Wachs3. That o,,
and after tho Ut day OF May. 1871. tile rpccial
taxes inaposcd by the aeventy-.siutb section OF
the &c. entitled - An act to provide in.crna!
revenue TO support the government.
10 pay interest Gu the public debt, AMI
tor other purposes" approved June 80. 1854.
~ amended By Section . OF the 1ntcrna1 ltes-
enue act, approved july II. 1866: and II
amended By Section of Tho Internal Revenue
act approved March 2, 1867, he. and the samo
are hereby, repealed: but this act eEsIl not be
held to repeal or in any way affect Lac special
! tax on brewers i1unoeed hy said sectiou, ar tho
| special taxes imposed by Tho act approved Julr
| ~, 1868. entitled +" Al act imposing taxes on
diHtilled spirits and tobacco, and for other
4! purposes, or tho acts apaenlasory thereof.
SEC. 3. Atd u il further enacted, That on
| &1d after tho LET dAv Of Octobar, 157l, tie
| several taxes imposed by the internal revenue
laws rnw in force, saslng and excepting snch
taxes OH sales as are by existing law paia by
stamps. apl The ta1r. OIL sales Of leaf tos,ac-
CO, manufactured tobacco, snuG. cigars, far-
eisu aud domestic distilled slsrits, and wires,
imposed ly SAID act, approved July 20, ISIS.
| ard aets atnendatoIy thereof, be, and the
zane are hereby, repealed
| SEC, !. Ind Je il further IN 7cst4, That os
| and after the LIT daF Of October, 1870, the
stamp tax imposed in Schedule D. on pron,is-
| snly notes A,r q sum less than one hundred
| &lullarx, ait OIL receipts for any sum OF money,
| or for tie payment OF aIy debt, and
tue stamp ta1 imposed in, Schedule
. on canned and rzesezye4 ash, be
sssmp shall be required upon the transfer or
asaignment OF mortgage whero it, or tho in-
sttuIeut il secures, has been once duly
stamped. Aud the proprietor or pTuptrstora
| uf articles named i'll said Schedule Z. who
stamps 10 he ured espccsaily for his or their
own proprietary articles. shall be allowed the
following commissions, namely: On amounts
purchased al one time ot not less than $50 nor
moro than s5C0 S per centum and on
amounts ever s5oo. 10 per ceatnm on
aS.t Who'll ts9 s@0ant Or ffasssa isea nnssssss
and cigar Lights, and VIZ tspers,
may he removed from the p1see Of msnu!ac,
:usc for export to = fotsigu country without
payment Of tax, or afi1iug atanps thereto,
undeE such nilcs and regulations ss tire Com
missioner Of Internal Revenue 1nay prescribe;
AID all proyisinnR Of existing laws Inconsistent
Herewith. are hereby repealed.
| SEs. s. dsuibe it ffrthtr enacted. That Sec.
ton les Of the act en.itled :. An act to provide
internal revenue to support the government
+, pty inseres. on tho public debt. snd fol
ancndeI by Section . Of The Internal Revenue
act approved July u, 1866, be, aud is hereby
a.s do,.?s s Is sie 0ss aeeoaa a' prosso
and inserting III lieu thereof th,
tosion'nss S'Douslc tho amount Of tax re
5sW. ~ ~ ~. st.n;a ~ 80 tto ,.,,.1 =.
s..;u ~ ' ths IA oaA sn5 sn ~ :.
r., ,aaT ~ a. ..eneo 49, =. :.
sS ~. ~ H. "u.a - ase' ~, -
ssakioe cut tne worn tsxsff-seVea u r.: ~ .ht
.sss {1essso. aua msss'los III Hea tnetso1 th'
"osu eetea.t1t"". 81.
re; y; .aMI oe Jarot, s'.aesfl, lhat thoi'
sna.! oe les1ed ana colieeseo annaans. as 6efe
aud no longer, ta1 Of ~ per eentun
upon tho gains. p!ouss. anu iac9m
or efefs person fesiotnS III tne Gn!tes
states. md oi every c1t'zen OF the Ciltot
states residing abroad, densed irom ans
soaree whatever, "hethes Within OF without
the United States, except ~ hereafter pro
slned, And Like tax annually upon the gains
psoAtf, and income dei7rcd from AnF Business
tlasc, Of profession carried On In the Cnitet
States y any person !es'd'nS without III
| United States and D0t citizen thereof. OF frog
rents Of real estate w::hin The United State
owned By any pcrson residing without til
United States and not citizen thereof.
SEC :. Ind tr il further enur:s<l, Thst il
estimating the gaine, profits, and incoma o
any person, theto shall he inclndcd MI inct1tn
derived from xny kind OF property. rents. in
terest received or accrued upon all noses
bouds, And mortgages, or cthe
foi1ns Of indebtedness 6e.Hns interest
whether paid or not. II good and cosleetable
interest upon notes, bouds. or other eecurtie
of the Cnitcd States; and the amount Of a
preza'nIn on gold and coupons: the gain.
rsrdss, and lacnsne Of auy business, psofes
sluu, trade, employment, Office, or vocation
Including auy atuonut received ~ aal1ry 0
ray for serEscts IN the cara, military. naval, o
} other service Of the United States, OF ~ Sens
I :of, EenFeeentst1rc. Or Delegate iu Congress
except u'at portion thereof from wh9ch, nuae
sathofty OF aets o. Congress prer'ous hereto
@ y q q Pr eentu1n shall hare been With
; and profts. Whether aiyided Or = not, It, q - =
companies. OF partnerships, hut not ineludin
. the amouot received from any corporation
"nose othee1s, - authorized By Law, Withhold
anu pay - tsaes per centun Of the dis1dcnd
: mace, sna OF interest o. coupons pAd By ste
: eerpofA;aonA: pr9nts reaii1ed within the ye1
! 1sen sa'es OF seA1 est*te purchased within te
years Previous tn the ycas for which income
estimated The anoHt OF sA1es Of Live stoc]
sasH, eooh butter, cheese. pork bsef, mu'
: sen, o. other meats hay aud grain, fruit.
: sEo"ta OF produce OF the estate OF such pei
son. SuS nos ene!aaanG any part thereof cot
: snmea directly bT the family; and al otht
: gains, prohta. and income drawn from n
rcusct whatever. bot not including tho remit
s2iuo OF the homestead used o1 occupied /
N! 1aefson or By his fan1af.