New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-19
only one thousand dollars for any year prior
g. O; rla h,,.,xl,.od aud seyentr -

Quoted from the gains, profits and income
of any person all national, State, county
and municipal taxes paid by him within the
year. whether such person be owner. tenant
or mortgager; all his losses actually s;;s-
tanned during the year arising from fires.
Hoods, sllipwrecl>, or incurred III trade, and
debts ascrrtained to be worthless, but ex-
ending all estimated depreciation of values;
the amount OF interest paid during the year,
iEd the amount paid for rent or labor 20
cultivate land, or IN conduct any other bust
Hess from which income Is derived; the
amount paid for tie rent Of the house or
premises occupied as residence tor himself
or his family, and the amount paid ont for
usual ana ordinary repairs. No deduction
shall be made for any amount paid out for
new buildings, permanent improvements.
or bettcrmelts made to increase the value
OF any property or estate.
SEC. 10. And be il further enacted.
That the tax hercinbefore provided
shall be ASSESSED upon the gains,
profits. and income for the year end
ing on the thirty first day OF December next
preceding the time for levying and collect
ing said tax, ANA shall be levied on the first
day of March. eli .it,,en hundred ana seven
tyons and eighteen hundred and seventy
two and be due and payable on or before
the thirticth day OF April III each of said
years. And IN addition 10 any sum an
nualiy due and unpaid after the tlirtieth
day OF April. and for ten days after notice
and demand thereof by the collector, there
sii'H ne ic. !e" anu 'oiIo'''' % d Pen".'. :,
'ii' sun VI IlHc p'l III 'A.i va w ~
uh'ai't' ana Hht"Ft>t "il Hii" ''i1o'Ii' at nc
rue oi one per ceiiiui 'ci hioii'i tI"iii .i'
tlI'c me st'ii' "'c''ic u''c ~ 'i'.
ce''te' "a "'''''e'"' INSANE VI III
persons.
SEC II And I,n i further cu3cted That
ii shall! be tie duty d every person OF law
ful age, whose gross income during the pre-
cedlng year exceeded TWO thousand dol
lars to make ana render Il return on or be
tore the day designated by law, % the
assistant assessor OF the district III which he
resides, OF the gross amount OF his income,
gains. and profits as aforesaid: but not III
Guiding the amount received from any
corporation whose officers. as authorized
by law, withhold and pay as taxes a
per centum Of the dividends made and OF
the interest or coupons paid by such corpo-
ration nor thar portion OF the salary or pay
received for services Ill the CIVIL military,
naval, or other service of the United States.
or as senator representative or delegate IN
Congress. from which tax has been deducted
nor the wages OF minor children not re-
celvett: ana every guardian anu trustee, eX
ecutor or administrator. and any person
resident agent for, or copartncr OF, any non
resident alien. deriving income, gains ami
profits from any business. trade or proies-
sion carried on in the United States. or from
rents of real estate situated therein. shall
make and render return as aforesaid to the
assistant assessor OF the district in which he
resides OF the amount OF income gains and
profits of any minor or person for whom he
acts. The assistant assessor shall require
-n hn l,,t In IN
OF the party rendering it. and may increase
the amount of any return. after notice to
such party. if he has reason TO believe that
the same is undcrstated. In case any per
son having gross income as above, OF Two
thousand dollars or more, shall neglect or
refuse TO make ami render such return, OF
shall render false or fraudulent return.
the assessor or assistant as,essOrshail make
such return. according to the best Intorma-
ton he can obtain by the examination OF said
person, or Of his books or accounts. ~ by any
ether evidence. and shall add, as Il penalty.
to the amount 81 the tax due thereon. fifty
per ccntum in AL cases OF willtUl neglect or
refusal 10 make anu rrnde. return. ana
one hunttred per centuln il all eases III
false or fraudulent return having been rem
drred. The tax ami the addition thereto a,
penalty shall be assessed ana collected Ill
the manner provided tor III cases OF Whit
rendering false or fraudulent return. Dui
no penalty shall he assessed upon any per
son Tor such neglect or refusal, or tor 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 "t Internal Revenue.
so a. to give the person charged an oPpor-
tunIty to be heard: provided. that no col
.ector. deputy collector, assessor. or assist
-h..tl 70 n IN
any manner such income returns. or any
part thereof, except such general statistics.
not specifying the names OF individuals or
firms as he may make pubic, under sucA
rules and regulations as the Commissioner
OF Internal Revenue shall prescribe.
SEC. l.. And be II 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 declare, under oath,
the amount OF income Liable "a 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 may appeal from the decision OF the
assistant assessor, in such cases, TO the
assessor of the district. and his decision
thereon, unless reversed by the Commission
er OF Internal Revenue, shall be final. The
form, time. and manner OF proceedings snail
be subject TO regulations to be prescribed
by the Commissioner of Internal Revenue.
SEC. ID. And be it further enacted, That
any person in his own behalf. or as such
tiduciary or agent, shall be permitted to
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 of
this act: or may declare that an income
tax has been assessed and pald elsewhere
i'll the same year. under authority
of the United States. upon his income,