New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-02
OFFICIA L..
LAWS OF THE UNITED STATES,
Passed Mt the Second Session Of the
FOrty.first Congress.
TPUpLIC-NO. lG.l

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 seventy ninth section OF
the act entitled IAN act to provide III
ternal revenue to support the govern
ment, to pay interest on the pubiic
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 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are hereby repealed: but this act shall not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 in any way AFFECT the
special tax on brewers imposed by salu sec
ton. or the special taxes imposed by the
act approved July twenty, eighteen hun
drcd and sixty eight entitled An act I'M
posing taxes ON distilled spirits and tobacco,
and for other purposes Or the acts alnend;!-
tory thereof. ,,
SEC. ,. And be it further enacted. That
on and after the first day of October, eiSht
cen hundred and seventy, the several taxes
on sales imposed by the Internal revenue
laws now III force. SdNihs, "'iA - NfAc
such taxes on sales as are by existing law
paid hv stamps, and the taxes Oh 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, be. and
the same are hereby, repealed.
SEC. g. And be it further enacted. That
on and after the first day of October,
ba ftN
imposed by tho internal revenue laws, now
in force. herein specified. he, and the same
are hereby, repealed. namely: on articles III
schedule A; the special tax on boats bargcs.
and flats; on legacies and SUGGESTIONS; on
passports: and on gross receipts.
SEC. 4. And be it further enacted, That
on and after the first day of October,
eighteen hundred and seventy, the stamp
tax imposed in schedule Is on promissory
notes for IA 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 L.
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 Il mortgage, where 1t or the III
strument it secures has been once duly
stamped. And the proprietor or proprletors
of articles named in said schedule Z, 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 hve
hundred dollars, ten per centum on the
whole amount purchased Provided. That
lucifer or friction matches, and CT gar lights,
and wax tapers, may be removed from the
place of manufacture for export to foreign
country without payment OF tax, or afiiXlnS
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 fifty eight OF the
| act entitled IAN act to provide internal rev
! enue to support the government. to pay i'll
| tercst on the public debt, and for other plr-
| poses" approved June thirty, eighteen hun
| bred 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
ont the words fifty dollars" i'll the second
proviso. and inserting in lieu 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" in the third provisO, and insert
ing in lief thereof the words ''sevcntv-onc;'
also by strikin. out the words sixty
seven" in the last proviso, and inserting in
sorting i'll lieu thereof the words seventy
two
SEC C. And he it further enacted. That
there shall be levied and collected annual
", as 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 centIm 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 i'll 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 Ivy any person residing with
| out the United States, and not citizen
thereof.
SEC. !. 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
paid or not. if good and c0llcctable, interest
! upon notes. bonds. or other securities OF the
United States and the amount of all pre-
mi,un on gold and coupons; the gains,
profits. and income of any business, pre-
tession. trade, employment. office, or voca-
ton: including any amount received as
salary or pay for services i'll 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 from which. under authority Of acts Of
hon
centum slial! have been withheld; the share
of any person OF the gains and profits,
whether divided or not, of all companies or
partnerships, hut not including the amount
received from any corporations whose
officers az authorized by law, withhold and
pay as taxes a per ccntum OF the dividends
made. and Of interest or coupons PAD 10y
such corporations: profits realized WITHIN
the wear from sales of real estate purchased
within two years previous to the year tor
which income is estimated: the amount OF
sales OF live stock. sugar wool, butter,
cheese pork, beef. mutton or other meats.
hay aud 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 o. occupied by any person, or by
| his family.
SEC. 8. And he 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
| gains, profits and income of any person,
| shall 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
1l.i