The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-06

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| bank, association or firm. And the exemption from
tax authorized by the said section, OF deposits OF
or an known as proydent
stitutons savings banks, savings funds or savings
institutions Is hereby extended to deposits so made
OF not exceeding $4,000.
SEC. 3s.-That the purposes OF charitable charac-
ter mentioned in section ~ OF the act OF July H.
1870 are intended and are hereby construed to In
clude all deyises and legacies to associations trus-
tees, societies and corporations established or car
red on for any benevolent, religious or charitable
object without view to pecunary profit.
| INFORMERS' MOIETIEs ABOLISHED.
SEC. 39-That so much or section l79 oil the act OF
July 49, 1865, provides for moieties to informers
| be, and the same Is hereby, repeaed ana the COM
missioner of Internal Revenue, with the approval OF
the Secretary of the Treasury Is hereby authorized
| to pay such sums not exceeding In the aggregate
| the amount appropriated therefor, as may, In his
| Judgment, be deemed necessary for detecting and
bringing to trial and punishment persons guilty OF
violating the internal Revenue laws, or conniying
at the same, in cases where such expenses are not
otherwise provided for by law and for this purpose
there are hereby appropriated 100000, or so much
thereof as may be necessary, out OF any money In
| the Treasury not otherwise appropriated
SEC. 4O.-That section 63 Of the act approved
July ID, 1896, entitled IAN act to reduce inter-
nal taxation, and to amend an act entitled An
act to provide internal revenue to support the gov
ernment to pay interest on the public debt and for
other purposes approved June 30, 1894, and acts
amendatory thereof" be amended by striking out
the words ''three hundred" wherever they occur
therein, and inserting In lieu thereon the words
'fve hundred and striking out the words .'under
any OF the provisions OF this act, OF any act to
which this IL an amendment and inserting in lieu
thereof the words ..under the provisions OF any in
SEC. 4.-That section 161 of the act entitled can
act to provide internal revenue to support the gov
other PURPOSES approved June 80 1864, be
amended by striking out the words, "this act" oc-
curing after the words ''stamps issued under the
provisions or and inserting in lieu thereof the
words ''any internal revenue act"
SHlPBUILDERS TAX REMITTED
SEC. 42.-ihat all internal taxes now assessed or
from shpbuilders or manufacturers, under section
OF the act Of March 81, 1868, entitled "An act to
exempt certain manufacturers from internal tax,
and for other purposes for sales Of vessels be- and
the same are hereby remtted, and no further as
SesSmentS shall be made on account thereof
REDUCING THE REVENUE DISTRICTS.
SEC. 43.-lhat prior to the first day Of January,
1875 it shall be the duty of the President and he is
hereby authorized and directed, to reduce the in
ternal revenue districts in the United States to not
exceeding eighty in number, and for that purpose
he may unite two or more districts or States or
Territories, into district, and he shall designate
from among the existing revenue officers one col
lector and one assessor for each new district, or
at his discretion he may, by and with the advice
and consent OF the Senate, nominate and appoint
new officers for such new district and the collector
give bond according to law, and the Secretary Of
the Treasury 10 hereby authorized and required,
prior to the FIRST day OF January 1873 TO reduce the
number OF internal revenue assistant assessors in
spcctors gaugers, storekeepers, and the clerks and
employees In the Internal Revenue Bureau to as
small number as lS consistent with the perform
ance OF the reduced duties OF the service, and that
he report to Congress at it's session the reuc-
ton made under this act, and such further changes
in the organization Of the internal revenue service
as will promote Its efficiency ana economy.
ACTIONS FOR RECOVERY or TAXES.
SEC. 44-That all suits and proceedings for the
recovery OF any internal tax alleged to have been
enormously assessed or collected, any penalty
claimed to have been collected without authority,
or for any sum which it Is alleged was excessive,
or In any manner wrongfully collected, shall
be brought within two years next after the
cause or action accrued and not after; and
all claims for the refunding OF any internal
tax or penalty shall be presented to the
Commissioner OF Internal Revenue within two
years next after the cause of action occurred and
not after. Provided, that actions for claims which
have accrued prior to the passage Of this act shall
be commenced i'm the courts or presented to the
from date Of said passage And provided further,
that where claim shall be pending before said
commissioner, the claimant may bring his action
within one year after such decision, and not after.
And provided further, that no right OF action
barreAby any statute now In force shall DC revived
by anything herein contained.
Section forty-ivc authorizes the Secretary of the
Treasury to publish 10000 copies Of codihcation
OF the Internal Revenue laws now In force
Section forty-six provides for the repeal of acts
inconsistent with this act
TAKES EFFECT.
SEC. 47.-That Ibis act shall take effect the first
day OF July, 1872, except where otherwise provided
And the Commissioner OF Internal Revenue Is here
by authorized to make, with the approval OF the
Secretary OF the Treasury, all such regulations not
come necessary by reason of any change in the
internal revenue laws made by this act III the lay
relating to the taxation OF dstlcrs and distilled
spirits.