New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-25
OF FICIAL.
LAWS OF THE UNITED STATES.
Passed Mt the Second Session Of the
FOrty.first Congress.
rPUBLIC-No. 164.l

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 public
debt, and for other purposes approved
June thirty. eighteen hundred and slNt y
four. as amended by section nine OF the in
ternal revenue act approved july thirteen,
eighteen hundred and slXty-slX, and as
amended bv section two of the internal
revenue act approved March two eighteen
hundred and sixty seven, be and the same
arc hereby repealed: but tuis act shall not
be held to repeal or in 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
posing taxes on distilled spirits and tobacco
and for other purposes" Or the acts amends
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 III force, saving and excepting
such taxes on sales as are by existing law
leaf tobacco. manufactured tobacco. snutt,
cigars, foreign and domestic distilled spirits.
and wines imposed by said act. approved
July twenty. eighteen hundred and sixty
eight, and acts amendatorv thereof, be, and
the same are hereby, repealed.
SEC. B. 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
!. Il t,a bn anna
are hereby, repealed. namely: on articles III
schedule \: tile special tax on boats. barges,
and flats: ON lcgacies and successiolLS; on
passports: and on gross receipts.
SEC. 1. And be it further enacted, That
on and after the first day of October,
eighteen hundred and seventy. the stamp
tax imposed III schedule b on promlssory
notes for a less sum than one hundred
dollars, and on receipts Tor any sum OF
money, or for the payment Of any debt,
and the stamp tax imposed i'll schedule Z.
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same are hereby, repealed.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 Il or the IN
strument it secures has been once duly
stamped. And the proprietor or propretors
of articles named in said schedule {, who
shall furnish his or their own die or design
for stamps to be used especially for lls 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 tapcr>. may he removed from the
place Of manufacture for export to a foreign
country without payment OF tax, or atflXlng
stamps thereto, under such rules and r"gu-
lations as the Commissioner Of Inter
nal RevenuG may prescribe; and all pro
visions OF ,listing laws inconsistent here
with are hert by repealed.
SEC. ). And be 1t further enacted, That
section one hundred and ifty-eight OF the
act entitled IAN act to provide internal rev
enue to supp prt the government. to pay in
terest on the public debt. and for other pur
poses," approved june thirty. eighteen hun
dred 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 hv striking
out the words fifty dollars" III the second
proviso, and inserting in lieu thereof the
following: double the amount ct tax re-
manning unpaid. but in 800 ease less than
five dollars:' also, by striking out the words
''sixty-siX'' in the third IroyiS0. and insert
ing III lief thereof the words ''Ncventy-0nc;"
also, by striking out the words sixty
seven" i'll the last proviso. and inserting in
sorting i'll lieu thereof the WORDS seventy
two
SEC. 6. 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-onc, and 10 longer, a
tax OF two and onr-haif per ccntum upon
the gains. profits and income OF every per
son residing IN the United States, and Of
every citizen OF the United STAGES residing
abroad. derived from any source whatever,
whether within or without the United
States except as hereafter provided. and Il
like tax annually upon the gains. profits
and income derived from amy business,
trade or profession carried on III the United
States by any person residing without the
United States, and not citizen thereof. or
from rents OF real estate within the United
States owned by any person residing with
out the United States. and not citizen
thereof.
SEC. I. 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 cOllectablc, interest
upon notes. bonds. or ether securities of the
United States and the amount of all pre-
MUM on gold and coupons; the gains.
profits, and income Of any business, pro-
tession, trade, employment, office. voca-
ton; including any amount received Us
salary or pay tor services in the civil. mill
tarv, naval, or other service of the United
States, or as senator, representative or dele
gate i'll Congress; except that portion there
of from which. under authority of acts of
', II
centum shall have 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 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 hv the
family: and al other gains. profits and III
come drawn from any source whatever, but
not including the rental value OF the home
stead used OF occupied by any person, OF 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
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
or both parents and one or more minor
or of husband and wife; but wien
a wife has Inv law a SeDarate incpiue he