New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-01
only one thousand dollars for any year prior

uucttu HUH VIC gains, PioiieS NAA''
of anv 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 sus-
tanned during the year arising from hres,
floods. shipwreck or incurred Ill trade, ana
debts ascert;.ined to be worthless, but eX-
Guiding all estimated depreciation OF VALUES;
the amount Of interest paid during the year,
and the amount paid for rent or LABOR 70
cultivate land. or to conduct an othc, ouHf
ness from which income Is derived; TIE
amount paid for the rent of the house or
premises occupied as IL residence TOR hlmseh
or his family and the amount palu out lor
usual and ordinary repairs. NO deduction
shall be made for any amount PAD out lor
new buildings, permanent improvements
or betterments made to increase the value
of any property or estate.
SEC. 10. AID be it further enacted.
That the tax hereinbefore provided
shall be asseescd upon the gains,
profits. and income for the year end
ing on the tiizty-tirst day of December next
preceding the time for levying and collect
inc said tax and shall be levied on the first
dav of Mare+ eighteen hundred and se' n
tv-one and eighteen hundred and sev' y
two, and he due and payable on or before
the thirtieth day of April i'll each OF sad
years. And in addition to any sum an
nually due and unpaid after the thirtleth
day OF APRIL. and for ten days after notice
and demand thereof by the collector. there
shall be levied and collected, rs a penalty
the sum OF five per centum on the amount
unpaid and Interest ou said amount at the
rate of one per centum per month from Inc
time the same became due, except from the
estates of deceased, insane, or lDsolvent
persons.
SEC. IL. And be it further enacted. That
it shall be the duty OF every person of law
>Eul age, whose gross income during the pre-
ceding wear exceeded two thousand dol
lars, TO make and render I. return on or be-
fore the day designated by law, TO the
assistant assessor of the district i'll 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. rs authorized
by law, withhold and pay as taxes a
per ccntlIm of the dividends made and OF
the interest or coupons paid by such corl'o-
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 t. n has been deducted,
nor the wages of minor children not re-
cpive,l: and every guardian and, trustee, eN
ecutor or administrator. and sany person
acting i'll any other tidwciarv capacity, or as
resident gent for or copartner of. any non
resident alien. deriving income. gains and
profits FROM any business, trade or protes-
sion carried Oh in the United States. or from
rents of real estate situated therein. shall
make AID render return aforesaid 10 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 it. and may increase
the amount of any return. after notice 10
such party. if he has reason to believe that
the same is lnderstated. In ease any per
son having 4 gross income a. above. OF TWO
thousand dollars or more. shall neglect or
refuse to make and render such return, or
shall render d false or fraudulent return.
the assessor or assistant assessor shall make
such return. according to the best lntor1na-
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 a penalty.
to the amount of the tax due thereon. fifty
per centum i'll all eases OF wllliul neglect or
refusal to make aud render Il return. and
one hundred per centum i'll all cases OF n
false or fraudulent return having been rem
dered. The tax and the addition thereto "a
penalty shall I've assessed and collected in
the manner provided for in cases OF wiitul
neglect or refusal to render Il return, or Of
rendering false or fraudulent return. Bat
no penalty shaii De assessed upon any per
son for sucii neglcct or felleal, OF iof lhdk-
ing or rendering Il lalse or fraudulent re-
turn except S1Ief reaeohapie hoti'c OF me
time anu place OF nearing. 10 pc regulated
ny me commissioner oI In'erhHl he'fh'f.
so as to give the person charged an ol'por-
tunitE to be heard; proNlhed. that no col
iector, deputy collector, assessor, or assist
ant assessor shall hermit 70 be nublisled in
any manner sucl income felurhS' or any
part thereon. except s'ich general slatStlcS
not specifying the names Oh lh'uFlauIiH OF
hiIiis' As ne may MAKE p,tb'ic, uh"er Such
rules ana regulations Us tHe COMMISSIONER
OF Internal Revenue snail prescrne.
SEC IL. ANA DE II further enacted, mat
when the return OF any person Is increased
by me assistant assessor such person may
eNhiplt ms DOCKS ahF accounts ana De per
ml'ted TO prove ana declare under "a'ii'
me amount OF income laple 20 ne assessed
put shch otti ana eVldeAee SHALL nor "e con
elusive oi inc iactS' ana no utu'lc'lonS
eialile" III sncn ca9ts Sli''i De '"io"e" 'iii'li
approved ny the 's'ist"iiI assessor Any
peIroh may appear iloih 'i,' ""'iSi'h Va we
assistant assessor III such cases, TO me
thor.nn ,,l.ss ro,..,snl h,-tI,n Cnmn,;sS;n,,
o.. If Int.,,m,I pavonn. .LaII Iva tn,I Tha
fnrm time and manner Of ,,rocaaJinns sill
hn c',l;cct 70 ,an,,l,t;,ns to no 1,,.e,c,iI,od
Ly tho Con,n,;ss;n nar nj Jnte,nal Re,,an,,a
'STr n And Le y fn,thnr ana.+cJ Tbat
any nerson in his own hebalf or ~ snrb
fdnciary ar aornt shall Lr rc,1n;tted tn
declare un,lcr oath Thar jo or us ,rl,i
heret,;arv ar n,inr;n,I was moi nns.ass.i
Of. an income Of TWO thonsand InII.rs EahI,.
TO he assessed ACCORDING tnthe nroyisin,,s If
tIis act. or may decIar. that an income
~ In boo, ,cs.ssoJ .nd ,,o;l .I..,,-L,.,.
in the same wear. unior authc,itv
Of the Tru;tcd STATES unon his incon,e
o.,;ns and n,ntits or tboso ot' his v,arJ
T,4; -, u, ,,;,,,.;I ,',,.,,:I ~ -