New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-11
Only one thousand dollars for any year pr1or

in addition to the exemptions PROVIDED ID
the preceding section, there shall DC ue
Quoted from the gains, prOhts ana McoIic
of anv person all national, State, county
and municipal taxes paid by him within the
wear, whether such person be owner, tenant
or mortgager; all his losses actually sus-
tanned during the wear arising from hres,
floods shipwreck or incurred in trade, ana
debts asccrtained to be worthless, tut ex-
Guiding all estimated depreciation OF values;
the amount of interest paid during the year,
and the amount paid Tor rent or lahor 20
cultivate land, or 10 conduct any other hilsi-
ness from which income is derived the
amount paid for the rent OF the hoCse or
premises occupied as q residence for himself
or his family, and the amount paid out Tor
usual and ordinary repairs. No deductlon
shall be made for any amount PAD out 1or
new buildings, permanent improvements,
or batterments made 10 increase the value
Of any property or estate.
SEC. 10. And be it further enacted,
That the tax heleinbefore provided
shall be assessed upon the gains,
inc OH the thirty-1irst day Of December text
preceding the time for levying and collect
ing said tax and shall be levied on the first
day OF March. eighteen hundred and seven
ty-one and eighteen hundred and seventy
two and be due and payable on OK before
the thirtieth day OF April in each OF sand
years. And in addition TO any sum an
nual!y due and unpaid after the thnteth
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 ceutNm on the amount
unpaid, and interest on said amount at the
rate OF one per centum per month from me
time the same became due, except from the
estates Of deceased, insane, or lES0INent
persons.
SIC. H. And I've it further enacted. That
it shall be the duty Of every person Of law
full age. whose gross income during thc pre-
| cediny year exceeded two thousand dol
| lars. to make and render return on or be-
| fore the day designated by law, 10 the
| assistant assessor of the district IL which lie
| resides. oi' the gross amount OF his income,
| gains, and profits as aforesaid; but not H.
Gliding the amount received IRON any
! CORPORATION whose officers, as authorized
| hv law, withhold and pay AZ taxes a
| per centum % the dividends made aud OF
the interest or coupons paid by such corpo-
| ration. nor that portion Of the salary or pay
| received for services in the civil, military,
| naval, or other service Of the United States,
| or az senator, representative or delegate III
| Congress, from which tax has been detlcted,
nor the wages OF minor children not re-
ccived: and every guardian and trustee, eN
| ec,,tor or administrator. and any person
acting in any other fiduciary capacity, or as
| resident agent for. or 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 areturn as aforesaid 70 me
| assistant assessor Of the district i'll winch he
resides of the amount of income, gains and
| profits of any minor or person for whom he
acts. The assistant assessor snail require
| every such return to be verified by the oath
of the party rendering it, and may increase
the amount OF any return, after nelce to
| such party, if lie has reason to believe that
| the same is un,ierstated. In ease anF per
| son having y gross income as above. o. Two
| thousand dollars or more, shall neglect O.!
| refuse to make and render such return, or
! shall render false or fraudulent return.
| the assessor or assistant asseSsorshal ma he
| such return. according TO the best lntorlna-
ton he can obtain by the examination OF said
| person. or OF his books or accounts. Or by any
| other evidence and shall add, as 1. Pc ilaIty.
| 10 the amount OF the tax due thereon. il1tg
uer centum in all cases Of wil!ful neglect OF
refusal to make and render Il return, and
| one hundred per ceDtliin III al eases u
| false or fraudulent return having been rem
dcred The tax and the addition thereto a
penalty shall he assessed and collected III
the manner provided for in cases OF wlIIul
neglect or refusal TO render q rct;;rn. Ur OF
rendering false or fraudulent return. But
20 penalty shall be assessed upon any per
son for such neglect or refusal. or t''r max
ing or rendering 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
unity to be heard; provided, that no col
| lectOr, deputy collector, assessor. or assist
| ant assessor shall permit 10 be published II
any manner such income returns. or any
part thereof. except such general statistics
not specifying the NAMES OF lndlv Iduais OF
firms, as lie may make public. under sllci
rules and regulations as the COMMISSIONED
of Internal Revenue shall prescribe.
SEC. l.. And be it further enacted, Tha
when the return Of any person is increased
| by the assistant assessor, such person may
exhibit his books and accounts, and be per
United to prove and declare. under oath
the amount Of income liable to he assessed
but such oath and evidence shall rot be con
elusive OF the facts, and 40 deduction
claimed III such cases shall hc allowed unit
approved By the assistant assessor. ANY
. person may appeal from the decision OF The
| assistant assessor III such cases. 20 The
assessor Of. the district. and Ills decision
thereon unless reversed by the Commission
er OF Internal Revenue, shall be final. The
form time and manner OF proceedings shai
be subject 70 regulations u he prescribed
by the Commissioner OF Internal Revenue
SEC. 13 And he it further enacted, Thai
anv person, in his own behalf, or rs eiIcl
iiduciary or agent. shall be permitted L
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 o
this act; or may declare that an income
tax has been assessed and paid elsewhere
! in the same year. under authority
of the United States, upon his income
gains and profits, or those OF his ward
beneficiary or principal, rs required by law
| and if the assistant assessor shall be SatlS
| fed Of the truth OF the declaration, such per
son shall th"rcupon he exempt from income
. tax IN the said district
SEC. Il. AID be it further enacted, Tha
consuis Of foreign governments who are no
citizens o. The United States shall be eXemp
from any income tax imposed ~ this ac
, which may be derived from their otiicia
emolumcnts or from property iii torcigl
, countries: Provided, That the government
: which such consuls may represent shall cX
, tend similar exemption to eUnsui5 OF tn
| United States.
SEC. Is. And be it further enacted. Tha
there shall he levied and collected for ant
during the year ighteen hundred and ser
, enty-0ne a tax OF two and onc-haf pc
centlt,n OF the amount OF all interest o
f coupons paid on bonds or other evidences o
, debt issued and payable in one OF NOR
, wears after date. by any of the corporation
in this section hereinafter enumerated. an'
{ | on the amount OF all dividends of ealnIngr
: income. or gains hereafter declared, by an
bank, trust company. savings Institution
insurance company. railroad company, cana
company, turnpike company, canal nav