New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-02
only one thousand dollars for any year prior


of any person all national, State. county
and municipal taxes paid by ann WITHIN tile
year, whether such person be owner, teha.'
or mortgagcr: all his losses actually sus-
tanned during the year arising from hres;
foods. sAipwreck, or incurred IN traGe, anu
debts ascertained to be worthless, Du, OK
GLIDING all estimated depreciation OF values
the amount of interest paid daring the year
and the amount paid for rent or iapoi 70
cultivate land. or to conduct amy other pusi
ness from which income Isl derived; she
amount paid for the rent OF the mousse or
premises occupied rs a residence tor hililseil
or his family. ami the amount paId OUT lof
usn,I and ordinary repairs No deduction
sholI no wade for any amount paid out for
new buildings, permanent improvements
or betterments made 10 ihcrfaSc lnc value
of any property or estate.
SEC. 10. And be 1t uEther enacted;
That the tax hereinbefo fore provided
shall be assessed upon the gains
nrotits and income for the year end
ing on the tlirty-tirst day OF December next
preceding the time for levyllhg and collect
ing said tax, and shall be le}ied on the first
day of March. eighteen hundred and seven
ty-one and eighteen hundred and seventy
two, and be due and payable ON or before
the thirticth day OF April in each OF SAID
years. And III addition tb any sum an
nually due and unpaid after the thlrtleth
day of April. and for ten DAYS after notice
and demand thereof by the collector. there
shall be levied and collected, AS a penalty
the sum of five per centuln Oh the amount
unpaid, and interest on said amount AT me
rate of one per ceutum per month from the
time the same became due. Except from the
estates OF deceased, insane, or lusolNent
persons.
SEC. IL. And I've it further enacted. That
it shall be the duty OF every person OF law
full age, whose gross income during the pre-
cedin@ wear exceeded twD thousand dol
lars to make and render return on or be-
fore the day designated by law, to the
assistant assessor of the district III winch he
resides, of the gross amounf OF his income
Gains, and profits as aforesaid; but not III
GLIDING the amount received from any
CORPORATION whose officers, as authorized
by law, withhold and piay as taxes Il
per centum of the dividends made and OF
tho interest or coupons paid by such corpo-
ration, nor that portion OF thc salary or pay
received for services in the civil. military.
naval, or other service of the United Statesv
or IA senator. representative or delegate IN
Congress- from which tax has been deducted,
nor the wages of minor children not re
eeived; and every guardlan and trustee, eX
ecutor or administrator, and any person
acting in any other tiduciafy capacity. or AS
resident agent for, OF copartner OF, any nom
resident alien. deriving income. gains and
profits from any business. trade or probes
sion carried on in the United States. or FROM
rents OF real estate situated therein. shall
make and render return lis aforesaid 70 the
assistant assessor of the district i'll which he
resides Of the amount of income. gains and
profits of any minor or person tor whom he
acts. The assistant assessor shall require
every such return to be verified by the oath
of. the party rendering ii. and may increase
thu, amount Of any return, after notice TO
such party if he has reason to believe that
the same is underStated. In case any per
son having Il gross income as above. or two
thousand dollars or more. shall neglect or
refuse to make and render such return, or
shall render {. false or fraudulent return,
the assessor or assistant assessor shall make
such return, according TO the best informal
ton he can obtain by the examination OF SAID
person. or of his books or accounts. or by any
other evidence. aDd shall add, Is penalty.
to the amount of the tax due thereon nifty
| per centuln i'll all cases OF wIliful neglect or
refusal to make and render a return. and
| one hundred per centum III all cases al a
| false or fraudulent return having been ren-
| dered The tax and the addition thereto as
penalty shall be assessed and collected III
| the manner provided for IN cases Of wli1ful
neglect or refusal to render a return or OF
| rendering "a false or fraudulent return. But
| no penalty shall be assessed upGn any per
son for such neglect or refusal. or for max
| ing or rendering a false or fraudulent re-
| turn, except after reasonable notice OF the
! time and place OF hearing, to be regulated
| by the Commissioner of Internal Revenue.
| 50 as to give the person charged an oppor-
| tunity to be heard: provided, that II" col
| lector. deputy collector. assessor. or assist
| ant assessor shall permit 10 be published III
| any manner such income returns, OF any
| part thereof. except such general statistics.
| not specifying the names of individuals or
| firms, as he may make public. under such
| rules and regulations as the Commls sOnel
| of Internal Revenue shall prescribe.
| Sec. II. And be it further enacted. That
| when the return of any person is increased
| by the assistant assessor. such person MAY
| exhibit his books and accounts, and be per
| mitted to prove and derlarc, under oath,
| the amount of income liable to be assessed;
| but such oath and evidence shall not be con
| elusive of the facts, and no deductions
| claimed in such cases shall be allowed until
| approved by the assistant assessor. Any
| person NAV appeal from the decision of the
| assistant assessor. in stlch cases. to the
assessor of the district. and his decision
| thereon, unless reversed Ivy the Commission
| er of Internal Revenue. shall i,c final. The
| form. time, and manner OF proceedings shall
he subject to regulations to he prescribed
by the Commissioner of internal Revenue.
! SEC. H. And be it further enacted. That
| any person. i'll his own behalf. or as such
tiduciary or agent. shall be permitted 70
declare. under oath, that he. or his ward.
beneficiary, or principal. was not possessed
| of an income of two thousand dollars liable
to be assessed according to the provisions ol
| this act; or may declare that an income
tax has been assessed and paid elsewhere
in Tie same wear, under authority
Of the United States, .ipon his income,
gains. and profits, or those of his ward,
beneficiary. or principal s required by law;
| and if the assistant aSse ssOr shall be salts
! fed OF the truth of the dcd laration. such per
son shall tlereupon he eX empt from income
tax in the said district.
SEC. II. And he it fur her enacted. That
| consuls of foreign govern mentS who are not
| citizens Of the United States shall be exempt
| from any income tax imposed by this act
which may be derived from their official
| emoluments, or from property in foreign
| countries: Provided, That the governments
| which such cOnSuls mae represent shall eX-
| tend similar exemption ito consuls OF the
| United States.
SEC. IL. And be it uIther enacted. That
| there shall be levied and collected for and
| during the year eighteen hundred and sew
| cnty-One tax OF two land Onc-haf pei
| centum on the amount of all interest OF
| coupons paid Oh bonds or other evidences OF
| debt issued and payable in one or more
years after date, by any of the corporations
| in this section hereinafter enumerated, and
| on the amount of all dividends of earnings
| income, or gains hereafter declared, by any
| bank, trust company. savings institution.
insurance company, railroad company. canal
company, turnpike company, canal nav
| igatiOn company, and Slack-watel
| company, whenever and wherever
the same shall bd payable, and
| to whatsoever person theI same may be due
incl, non sdenfs rbet l,c1. citizcns or