New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-11
OF FICI A L.
LAWS OF THE UNITED STATES.
Passed at the Second Session of the
Forty.first Congress-.


BE it enacted by the Senate an6 House Of
Representatives of tho 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 An act to provide IN
ternal revenue to support the govern
ment, TO pay interest on The puohc
debt, and for other purposes approved
June thirty, eighteen hundred and sixty
four, as amended 10y 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are hereby repealed: but this act shall rot
be held to repeal or in any way affect the
special tax on brewers imposed by sad sec
ton or the special taxes imposed by the
act approved July twenty, eighteen hun
dred and sixty eight entitled An act Inl-
posing taxes on distilled spirits and tobacco
and for other PURPOSES or the acGs "lnehds,
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 AMI executing
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 amendatory thereof, be, and
the same :t1'c hereby, repealed.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 hv the intesna! revenue laws, now
in force, herein specified. be. and the same
are hereby. repealed, namely: on articles IA
schedule 4; the special tax on boats. barTes,
and fats on legaces and SUGGESTIONS; on
passports; and on gross receipts.
SEC 4. And lie it further enacted, That
on and after the first day OF October.
eighteen hundred and seventy the stamp
tax imposed in schedule on pTomlssory
notes Tor IL less sum than one hundred
dollars, and ON receipts fer any SUM 81
money, or for the payment OF any dent,
and the stamp tax imposed n schedule &
on canned and preserved fish. be, and the
same are hereby. repealed. And TO stamp
shall be required upon the transfer or as
signment of II mortgage, where 1t or the IN
strrment il secures has been once duly
stamped. And the proprietor or prOprietors
OF articles named i'll 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, snail be
allowed the following commissions, namely:
On amounts purchased at one time OF not
less than fifty dollars nor more than tive
hundred dollars, ten per centum on the
whole amount purchased Provided. That
lucifcr or friction matches, and cigar lights,
and wax tapers. may he removed from the
place of manufacture for export TO a foreign
country without payment OF tax, or aflHihg
stamps thereto. under such rules and reSU-
! lations as the Commissioner OF Inter
! nal Revenue may prescribe; ana all pro-
visions of existing laws inconsistent Eefe-
| with are hereby repealed.
SEC. 5. And he it further enacted, That
| section one hundred and tftv-eiSht % the
act entitled IAN act to provide internal rev
| enue to support the government. 20 paE III
| terest on the public debt, and for other plir-
poses" approved June thirty, eighteen hun
| bred and sixty. four. rs amended by section
! nine of the internal revenue act, approved
July thirteen. eighteen hundred and sixty
six, he, and is hereby, amended by striking
ont the words fifty dollars III the second
! proviso, and inserting in lieu thereof the
| following: double the amount oI tax re-
manning unpaid. but in no case less than
| five dollars also. by striking out the words
| ..siyty-six'' in the third prOViso. and insert
| inc in lief thereof the words ''scyenty-Onc:
| also, by striking out the words SIXTY
| seven" in the last proViSo and inserting IN
sorting i'll lieu thereof the words seventy
| two
| SEC. Is. And he ii further enacted. That
| there shall be levied and collected annual
! ". as hereinafter provided, Tor the years
| eighteen hundred and seventy and eighteen
| hundred and seventy one, and 70 longer, q
| tax of two and one-half per centun upon
| the gains, profits and income OF every per
| son residing in the United States, and 81
| every citizen of the United States residing
1 Il n -
| whether within or without the United
| States. except as hereafter provided, ard q
like tax annually upon the gains, profits
| and income derived from any business,
| trade or profession carried on II the United
| States by any person residing without the
| United States, and not q citizen thereof, OF
| from rents OF real estate within the United
States owned hy any person residing With
out the United States, and not a citizen
| thereof.
SEC !. And be il further enacted. Thar
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 al
| notes, bonds. and mortgages. or Other forms
| Of indebtedness bearing interest. whether
| paid or not if good and cOllcctahie, interest
| upon notes. bonds, or other securities % the
| United States: and the amount OF all pre-
| MUM on gold and coupons: the gains,
| profits, and income of any business, pre-
| fcssion, trade. employment, Office. Or y,ca
| ton; including any amount received as
| salary or pay tor services III tie civil. mil
| tary, naval, or other service OF the United
| States, or as senator, representative or 'tele-
| gate in Congress; except that portion there
! of from which, under authority OF acts OF
| Congress previous hereto, q tax OF five pei
| centum shall have been withheld; the share
| of any ncrsOn Of the gains. aut pr)tLts,
! whether divided OF not. of all companies OF
| PARTNERSHIPS. but not including the amount
received from any corporations whose
| officers. as authorized by law, withhold and
| nav as taxes Il per centun OF the DIV toenhs
| made. and OF interest or coupons pai1 by
| such corpOrations: profits realized WITHIN
| the wear from sales of real estate purchaseo
! within two wears previous to the year iol
| which income ia estimated; the amount o1
| sales OF live stock, sugar, wool, outer
| cheese, pork, beet, mutton or other meats
hay and grain, fruits, vegetables, or other
productions. being the growth or produce 81
| the estate OF such person, but not including
any part thereof consumed directly tY tnt
family: and all other gains, profits and IN
come drawn from any source WhateNc'' GU
not including the rental value Of the home
stead used or occupied by any person, II vy
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 u 1ht
gains, profits and income OF any person
shall be exempt from said income TAX, il
the manner hereinafter provided. Only
one deduction OF two Thousand dollars shall
be made from The aggregate income Of al
the members Of any family composed Of one
or both parents and one or more minol
children. or Of husband and wife; but when