New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-04
OFFICI A L.
LAWS OF THE UNITED STATES.
Passed Mt the Second Session Of the
Forty.frst Congress.
PUBLIC-NO. 1911


Be it enacted by the Senate and House O
Representatives of the United States @
America in Congress assembled. Tha
on and after the first day of May, eighteel
hundred and seventy-One, the special take
imposed by the seventy ninth section o
the act entitled '''An act to provide in
ternal revenue to support the govern
ment, to pay interest on the publi
debt, and for other PURPOSES approve,
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 a
amended by section two OF the mterna
revenue act approved March two eighteen
hundred and siXty-seven, be and the SAM
are hereby repealed: but this act shall no
be held to repeal or in any way affect TIN
special tax on brewers imposed by said sec
ton. or the special taxes imposed by thu
act approved July twenty. eighteen hun
bred and sixty eight. entitled AN act i'm
posing taxes on distilled spirits and tobacco
and for other purposes, or the acts anlcnda
tory thereof.
SEC. . And be it further enacted. THAI
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 i'll force, saving and excepting
such taxes on sales a. 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 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 repealed.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
in force. herein specified, be. and the same
are hereby. repealed, namely: Oh articles in
schedule A. the special tax on boats. Darges.
and flats; on legacies and SUGGESTIONS; on
passports; aud on gross receipts.
SEC T. And be it further enacted That
on and after the first dav of October,
eighteen hundred and seventy, the stamp
tax imposed in schedule Il on promiSsory
notes for less sum than one hundred
dollars, and on receipts fer any sum OF
money. or for the payment Of any debt,
and the stamp tax imposed i'll schedule T.,
Oh canned and preserved fish. be. and the
same are hereby, repealed. And no stamp
shall be required upon the transfer or as
signment of mortgage, where 1t or the in
str,lment it secures has been once duly
stamped. And the proprietor or prOprietOrs
Of articles named in said schedule &, who
Sldu 1tlulSIl VI bilC4i "" ii ulC w
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 five
hundred dollars, ten per centum on the
whole amount purchased : Provided, That
lucifer Or friction matches. and cigar lights,
and wax tapers. may be removed from the
place OF manufacture for export to foreign
country without payment Of tax. or atfxing
stamps thereto. under such rules and regu-
latiOns as the Commissioner of Inter
mai Revenue may prescribe; and all pro
visions of existing laws inconsistent here
with are hereby repealed.
SEC. S. And be it further enacted. That
section one hundred and ifty-eight of the
act entitled IAN act to provide internal rev
enue to support the government. to pay i'll
terest on the public debt. and for Other pur-
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 anu sixty
six, be, and is hereby, amended by striking
out the words fifty dollars IN the second
proviso, and inserting in lieu thereof the
following: double the amount of tax re-
mainin. unpaid, but III no case les, than
five dollars" also, by striking out the words
ing in lief thereof the words seventy one"
also by striking out the words sixty
seven In the last proyisO and inserting in
sertiNs in lieu thereof the words ''Se reutv-
two"
SEC. g. And he it further enacted. That
there shall be levied and collected annual
", "a hereinafter provided, for the years
Eighteen hundred and seventy and eighteen
hundred and scventy-on and no longer,
AK of two and one-half per ceutum upon
.he gains, profits and income OF every per-
son residing in the United States, and Of
very citizen Of the United State, residing
abroad, derived from any source whatever,
whether within or without the United
States. except as hereafter provided and a
ike tax annually upon tho gains, profits
md income derived from any business,
rade or profession carried on In the United
states by any person residing without the
United States, and not a citizen thereof, or
rom rents of real estate within the United
states owned by any person residing with
nut the United States, and not clifton
hereof
SEC Z And be it further enacted. That
II estimating the gains, profits, and income
If any person. there shall be included all
income derived from any kind of property.
ents, interest received or accrued upon all
notes, bonds, and mortgages. or other forms
If indebtedness bearing interest, whether
,aid or not, il good and collectabic, interest
lpOn notes, bonds. or other securities of the
United States; and tue amount OF all pre-
mum on gold and coupons; the gains,
,rotit3. and income Of any business, pre-
ession. trade, employment, office, or yoca
ion; including any amount received as
alary or pay for services in the civil. mill
ary, naval, or other service of the United
states. Or AZ senator, representative or dele
cate in Congress; except that portion there
II from which, under authority of acts of
congress previous hereto. Il tax of five per
entum shall have been withheld; the share
If any person of the gains and profits,
whether divided Or not, of all companies OF
but not including the amount
cceivad from any corporations whose
ulcers, as authorized by law, withhold and
,ay as taxes per centum Of the dividends
made, and of interest or coupons paid by
uch corporations; profits realized within
he year from sales of real estate purchased
vithin two years previous to the year for
which income is estimated; the amount of
alcs of live stock sugar, wool. butter,
'heese, pork. beet, mutton or other meats,
lay and grain, fruits, vegetables. or other
being the growth or produce OF
he estate of such person, but not including
my part thereof consumed directly by the
'amDy; and all other gains. profit, and in
,ome drawn from any source Whatever, but
1ot including the rental value of the home
stead used or occupied by any person, or By
lis family.
SEC. s. And I've it fuithc; enacted, That
military or naval pensions allowed 10 any
person under the laws of the United States.
aud the sum Of two thousand dollars ~ the
gains, profits and income o. 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 tho aggregate income of ali
Or both parents and one or more minor
children, or of husband and wife; bit when
a wife has by law a separate income. be
yOnd the control OF her husband and IS IIN-