New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-29
OF CT AL.
LAWS OF THE UNITED STATES.
Pnssed Mt tho Second Session Of the
Forty.6rst Congress.
TPUBLIC-NO. l64.I

other purposes.
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 OF
the act entitled can 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 Is
amended by section two of the internal
revenue act approved March two eighteen
hundred and sixty seven, be 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are hereby repealed but this act shall not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 s'An act i'm
posing taxes on distilled spirits and tobacco,
and for other purposes" Or the acts amenda-
tory thereof.
SEC. Q And be it further enacted, That
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
eight and acts amendatory thereof DC, and
the same are hereby, repealed.
SEC. 3. 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, be. and the same
are hereby, repealed, namely: Oh articles in
schedule A; the special tax on boats, bargcs,
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 for less sum than one hundred
dollars, and on receipts ter 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same are hereby, repealed.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 no stamp
shall be required upon the transfer or as
signment Of mortgage, where it or the in
strunent it 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 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
lucifcr or friction matches, and cigar lights,
and wax tapers, may he removed from the
place of manufacture for export to a foreign
country without payment OF tax, or attxlng
stamps thereto, under such rules and regu-
lations as the Commissioner of Inter
nal Revenue may prescribe; and all pro-
visions of existing laws inconsistent here
with are hereby repealed.
Sec. s. And be it further enacted, That
section one hundred and .ifty-eight OF the
act entitled ''An act to provide internal rev
enue to support the government, to pay in
terest on the public debt, and for other pur-
poses" approved June thirty, eighteen hun
drcd 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
provisO, and inserting i'll Leu thereof the
following: double the. amount OF tax re-
manning unpaid, but in no case less than
FIVE dollars also, by striking out the words
''sixty-six" i'll the third proviso, and insert
ing in lief thereof the words ''seventy-One;
also, by striking out the words 'sixty-
seven in the last proyisO, ana inserting in
sorting i'll lieu thereof the words seventy
two"
SEC 6 And be it further enacted. That
there shall be levied and collected annual
ly, Is hereinafter provided for the years
eighteen hundred and seventy and eighteen
hundred and seventy one. and no longer. a
tax Of two and One-half per centum upon
the gains, 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 a
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 u citizen thereof, or
from rents of real estate within the United
States owned by any person residing with
out the United States, and not citizen
thereof.
SEC T. 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 mortgages, or other forms
Of indebtedness bearing interest, whether
btiiu VI EUt, IL gODl tOi!cCbttDICt INTEREST
upon notes, bonds, or other securities of the
United States, and the amount of all pre-
MUM on gold and coupons the gains,
profits, and income of any business, pro-
feSsiOn, trade, employment, office, or voca-
ton; including any amount received as
salary or pay for services in the civil mill
tary, naval, or other service of the United
States, or IS senator, representative or dele
gate in Congress; except that portion there
do, g
Congress previous hereto, tax of five per
cent,lm shall have been withheld; the share
of any person of the gains and profits,
whether divided or not of all companies or
partnerships, but not including the amount
received from any corporations whose
officers, as authorized by law, withhold and
pay as taxes per centum OF the dividends
made, and of interest or coupons paid by
such corporations; profits realized within
the year from sales of real estate purchased
within two years previous to the year for
which income is estimated; the amount of
sales Of live stock, sugar, wool, butter,
cheese, pork, beef, mutton or other meats,
hay and grain, fruits, vegetables, or other
productions, being the growth Or produce Of
the estate of such person, but not including
any part thereof consumed directly by the
family; and all other gains, profits and in
come drawn from any source whatever. but
not including the rental value Of the home
stead used Or occupied by any person, or by
his family.
SEC. 8. And be it further enacted, That
military or naval pensions allowed to any
person under the laws of the United States.
ana the SUN of two thousand dollars of the
gains, profits and income Of any person,
snail be exempt from said income tax, in
the manner hereinafter provided Only
one deduction of two thousand dollars shall
be made from the aggregate income of all
the members Of any family composed of one
or both parents and one or more minor
children, or of husband and wife. b,rt when