New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-12
OFFICIAL.
LAWS OF THE UNITED STATES.
Passed mt the Second Session Of the
FOrty.frst Congress-.

Passed mt the Second Session Of the
F~Orty.first Congress-.
[PUBLIc-NO. 1911
AN ACT to reduce internal taxes, and for
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 se~vcnty-ninth section of
the act entitled "An 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 mir OF the in
ternal revenue act approved July thirteen,
eighteen hundred and SiXty-SiX, and as
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| are hereby repealed: but this act shall not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 i'll any way affect the
special tax on brewers imposed by said Sec
ton, or the special taxes imposed by the
act approved July twenty, eighteen hun
dred and sixty eight, entitled "An act i'm
POSAIS VII uLsthACu StsAi u thu OtN
and for other purposes or the acts amenda,
tory thereof.
Sec. =. 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 a%mendatOry thereof, be, 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the same are hereby, repealed.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
are hereby, repealed. namely: on articles in
schedule A; the special tax on boats, barges,
and flats; on legacies and SUGGESTIONS; on
passports; and on gross receipts.
SEC. 4. And be it further enacted. That
IN and after the first day Of October,
eighteen hundred and seventy, the stamp
tax imposed in schedule Is ON prOmissOry
notes for a 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 C.,
on canned and preserved fish, be, and the
same are hereby, repealed. And nc stamp
shall he required upon the transfer or as
Segment OF a mortgage, where it or the in
struInent it secures has been once duly
stamped. And the proprietor or prOprietors
of articles named in said schedule c, 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 mounts purchased at one time OF not
less than fifty dollars nor more than five
hundred dollars, ten per centrum on the
whole amount purchased Provided. That
lucifer or friction matches, n cigar lights,
and wax tapers, may he emOved from the
place of manufacture for export to a foreign
country without payment Of tax, or affixing
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. 5. And be it further enacted, That
section one hundred and fftyeight of the
act entitled ''An act to provide internal rev
emu to support the government, to pay in
terest OF the public debt. and for other pur-
pOses," approved June thirty. eighteen hun
bred and sixty.fOur, as amended by section
OF the internal revenue act, approved
July thirteen. eighteen hundred and sixty
SIX, be. and is hereby, amended by striking
out the words "ffty dollars" in the second
provisO. and inserting in lieu thereof the
following: 'dOub the amount OF tax re-
manning unpaid, but in no case less than
five dollars" also, by striking out the words
'sixty-six'' in 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, and inserting in
sorting in lieu thereof the words seventy
twO."0
SEC. 6. And be it further enacted, That
there shall be levied and collected annual
ly, as hereinafter provided, for the years
eighteen hundred and seventy and eighteen
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, II 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 a citizen thereof, or
from rents of real estate within the United
States owned by any person residing with
ont the United States, and not a citizen
thereof.
SEC. 7. And be it further enacted. That
in estimating the gains, profits, and income
Of any person, there shall he included all
income derived from n kind of property,
rents, interest received or accrued upon all
notes, bonds, and mortgages, or other forms
OF Indebtedness bearing interest, whether
paid or not, if good and collectable, 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, pre-
~fessiOn, trade, employment, office, Or yOca-
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 as senator, representative or dele
gate in Congress; except that portion there
of frsm which, under authority of acts of
Congress previous hereto, a tax of five per
centum shall nave 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 a 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 graln, 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,
and the sum of two thousand dollars Of the