New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-10-25

SEC. g. And be it further enacted, That
| in addition to the exemptions provided in
| the preceding section, there shall be de-
| Quoted from the gains, profits and income
| OF any person all national, State, county
| and municipal taxes paid by him within the
| year, whether such person be owner, tenant
| or mortgager; all his losses actually sus
| tanned during the year arising from fires,
| foods, shipwreck or incurred in trade, and
debts ascertained to be worthless, but ex-
| Guiding all estimated depreciation OF values;
! the amount OF interest paid during the year,
| and the amount paid for rent or labor to
cultivate land, or to conduct any other bust
| ness from which income is derived; the
amount paid for the rent OF tie house or
| premises occupied as residence for himself
or his family. and the amount paid out for
| usual and ordinary repairs. No deduction
| shall be made for any amount paid out for
new buildings. permanent improvements,
| or betterments made to increase the value
| OF any property or estate.
SEC. 10. And be it further enacted,
That the tax hereinbetore provided
shall be assessed upon the gains,
| profits, and income for the year end
Ing on the thirtv-tirst day of December next
preceding the time for levying and collect
ing said tax, and shall be levied on the first
day OF March, eighteen hundred and seven
ty-oNe and eighteen hundred and seventy
two, and be due and payable on or before
the thirticth dav OF April in each of said
wears. And in addition to any sum an
mail dine and uupaid after the thirtieth
Gay of April. and for ten DAYS after notice
and demand thereof by the collector, there
shall be levied and collected, rs Il penalty.
the sum OF five per ceutum on the amount
unpaid and interest ON said amount at the
rate OF one per centum per month from the
time the same hcca1ue due. eXcent from the
| ,ff- of
persons
S,, II Al l., - n,,+l,o, o,,oc+o1 Tb,+
= sbol Lo tho a,,+ ~, Ger rarSnn of law
t1 ,nra Ir,y,nso -, ;,.n,,'o tr,;nn +ha MO
aod;nr ,,..a,. az,naaand tuo thousand dol
1ors 70 ,3nal.o s,,I ra,,,1er y retr,, ON or hc
fnro tbo ,o,- dasiru,+ed nv law to the
a1,s;s+n+ easel,. - H., d;s+,%+ i, which Le
rosians az tho ,r,'os- o,,,ount If his inco,ne
coins and nrotits az ofnrrsaid. Int NOT in
cIrI;,, ~ ,,,o,,,+ ro.,;,od FROM, any
cn,-,oro+ion ,rLn.a ot4icors 80 authorized
Inv law v-;tlLoId md nav as taxes a
,,o, .a,, NV, ~ 40 J;,;Jo,iids >no5o mud of
The ;nterest or cnunors Maid by(sucb co,no
r,+ion nor tIa+ ,,or+irn Of the SALARY or nay
r"ca;v,.d for SarI.;ceS IN tbe c;v;I miIitlry
naval or Other service of the United States
or ,s sarator ra,rasenrotive or delegate in
Conrrass fro,,1 n,l,;,k roy bo. baen deducted
nov Ito ,,,,ras AZ n,;nnr cb;Idrnp NOT re-
cn;,ed. ovid e1.nrI- fr,ard;.n and trustee OK
ecnto, "r aa,1;,is,,.atnr and .nv rnrsnn
,tn,r j.; a,,,- tie. .;I,,a;,,.,- c,,,n,;,r ~, as
rns;dent amnnt for or conartner of any non
resident aiien da,.;viro INCOME rains and
motifs frnm any hnsiness trade ar ,rotcs
l;on ,.o,.r;od ~, ;n +bo ITr;-e1 site. ar FROM,
rertS nj. reai osto+e sitn,ted therein shall
make and render :, re+,,rn as aforesaid N fine
ass;stsn+ assessor of rho d;str;rt in Which he
ros;ans of tho o,norr+ of ipcone r,inS and
motifs nj any minor ny nerson for whom he
ac4s The assistant ossrSsor sba1l recI,ire
every such retI,rn 70 he verified Inv the oath
of 40 ,,,+, ,n,,do,,;,,,r i o,I n,,t ircro,sa
tbe a,dn,,,t 81. ont 1et,i,r affeI. nnt;ce ~
such ,,ar+r ;fhn Ia rooso,, TO ho1invc tlot
,he si ra,I i nndcrs+areJ In case anv nrr
sn,, IN :, .rr,sS ;ncnma o. aIove Of Two
,hnrsorJ GoII9,.s ~, moe shaII nor1nc+ ~,
rnfnse r. maI,e and rander snch rntnrn o,.
sill r.nd.r - toIsa or t,o,,,I,,lert rctrr,
tho assossoT ~. ass;c+ort assnssors LoII make
,,o1, ,o.,,,,i ,,''o,.Ii,, 20 H., Los+ y; fn,,,,,
t;n,, ba ,.,, ot+oi,, Tho o,-a,,;notiou fsaid
,ia,.sd, liz; o,l,a
p+io ,,,I Ill adI ~ ,a,,.,It,
70 ~. ,In,,,+ ~ tbn +a, dro H., ~
,a, ,.a.,,, y, al o.'sos o4 ,;Ijt,I no,Io+ ~.
rrti,s,I -. ,,,11-n ,,,I. ,on5or , ,,+,,r,, .,J
n,a LI,,,IrnJ I.o,, co,t,,,n IN al caSns o.
fI-o ~. I,E,,I.,,+ ,o-I,r,, ba-,I, I,no,, ra,,
Id T,to toIl and +Lc a5Jit;nI, tbora+o ~
,,o-,aitr sho1I I,n osensseI and .oIIcntnd IN
IIn ,nsnra,. n,oy,;dnd fn,. u, casas Of v.;Iifni
49, Nv, ,+I,Soi -. ~ ,o+,Irr ~. NJ
rnnJc,;n,r a f,I.n or f,raudrIant raturn Rut
rn ,onni+T ill hn aSscssnd MON anr nor.
so, ff,. ,,,I, ,,a1oo. ~. ,osai Nv, fn,:
;oa ~. ,o,,,ia,.iri9 a foIsa a.. fn,,,l,1an+ va
-, ax-na,,+ of,or raas,1,, bIo not;co of 1Lo
800 ~ - Of Lao,.;,oIr 70 ho ,o,,,,io.nI
hr tba Comm;s slower of Internal Revenue
sn as 70 viva rho ,arsor ,boroed an o,nnr-
INIT 70 T,n beaTd ,roI.iInJ tb.t va col
ant asoesIn,, ,baIl ,,ermit 70 l,e ,r,hli.Led IN
anv MANNER sTrh income returns or INV
,or+ tbnrnof nvcent such GENERAL statistics
not snccifvina the names of individuals or
firm os he may make n,,bric under such
r,,ln. and ragIio+ions os +ho Commissioner
of Internal RrvrnI.a shall prescribe,
SIC II And he i further enacred. That
whom tbn ,e+,1,.n of any nnrsop j. increased
hv The assistant assessor srch nerson NAV
eybil,it Ills hooks and accounts and he nci
mittnL to nrovn and dacIarc under oath
the amount Of income Liable tn he assessed:
hut surL oatl, and evidence shall moi he CON
elusive of the facts and no deductions
cia;mel in c,,cb caseS shaII he a,Iowed mil
annroved Inv the assistant assessor. ANY
nerson may ypneal from the decision of tbe
assistant assessor in such eases to the
assessor of the district, and his decision
thereon, unless reversed by the Commission
err OF Internal Revenue, shall be final. The
form time, and manner of proceedings shall
be subject to regulations to'be prescribed
by the Commissioner Of Internal Revenue
SEC 49, And be it further enacted. That
any person, III his own behalf. or as such
tiduciary or agent. shall be permitted to
declare, under oath. that he. or his ward
beneficiary, or principal, was not possessed
of an income of two thousand dollars. liable
to be assessed according to the provisions of
Al .la -