The herald., 1894-12-14
The House Makes a Sufficient
Appropriation for the
Purpose.
A RECORD MAKING VOTE.
The Urgency Deficiency, Forth caticng
and Military Academy Appropri-
alton Bills Passed-Congres-
sional Proosedinga.
By the Associated Press,

WARRINGTON, Dec. 13.-The secretary
ofthe treasury today approved the regu-
lations prescribed by the commissioners
of internal revenue for the enforcemens
of the collection Of the income tax under
the late tariff act. Under the regula-
tions provided and appropriated by law,
every citizen OF the U nited States,
whether living at home or abroad, and
every person residing in or doing BUSH
ness in the United States who has an
annual income Of more than $500
shall make a full reform of the same
verified by his oath to the collector OF
internal revenue of the collection dis
trict in which he resides, or if not resi-.
dent, in which his business or property
from which income is received is situ-
ated, on or before the first Monday in
March of each year. The. first return
under the law shall be made on or be-
lore the first Monday in March, 1896.
and shall include all income from every
source received in the year 1894, from
the first day OF January to the 3lst day
OF Decem ber in said year.
Guardians, trustees and all persons
and corporations acting in any fiduciary
capacity are required to make similar
returns for all minors, wards or beneti-
Charles Tor which they act. The afhda-
Wit attached to the list must be sub
scribed and sworn to by the person
making the return, and ie to the edece
that the afiant has included in said re-
turns all gains, profits and incomes from
every source whatsoever received by him
or to which he is justly entitled for that
year, and that he is honestly and
truly entitled to make all the deduc-
tions entered ON his return, and that he
has truly answered the interrogatories
set forth on said blank form. When
completed and duly verified by the oath
of the person rendering the same, she
same must be delivered by mail or
otherwise to the collector at any time
between the first day Of January and
the first Monday of March in each year.
The gross gains, profits and incomes
returned by persons shall include:
First-Gross profits OF any trade,
business or vocation, wherever carried
on.
Second-Rents received or accrued
during the year.
Third-Profits from sales OF real estata
purchased within two years.
Fourth-Farming operations and proc
ceeds.
Fifth-Money and value of all person.
al property acquired by gift or inheIit-
ance.
Sixth-Premium on bonds, stocks,
notes and coupons.
Seventh-Income from trade or pros
fession not by stated salary and not
heretofore enumerated.
Eighth-From salary or compensation
other than that received from the United
States.
Ninth-Undivided gain and profits OF
any partnership.
Tenth-Interest received or accrued
from all notes. bonds or other securities.
Eleventh-Interest on bonds or cou-
pons paid OF any corporation.
Observation-Disclosures from corporations.
Thirteenth-Incomeo of wife or minor
child or children.
Fourteenth-All other sources of in~
come not above enumerated.
The deductions allowed in the return
and therein enumerated are:
First-Four thousand dollars exempt
by law.
Second-Interest due and paid within
the year.
Third-Nationsl state. county. school
and municipal taxes paid, not including
assessments for local benefits.
Fourth-Amount expended in pur-
chase or production of live stock or pro-
duce sold within the year.
| Fifth-Necessary expenses, specified
by items actually incurred in carrying
on any business or trade.
Sixth-Losses actually sustained DUR
ing the year specified.
Seventh-Actual Losses on sales of
real estate purchased within two years.
Eighth-Debts contracted aud ascer-
tanned in the year to be worthless.
Ninth-Salary or compensation over
$4,000 from which the tax OF per
centum has been withheld by disbnrs--
ing officers OF the United States govern
| ment.
Tenth Dividends included in the
estimate of gross profits, from corpora
tions on which the 10 per cent tax has
been paid by such corporations.
In the case of non-residents the re-
turn must be made and fled in the
manner provided for residents. and if
not 80 fled, the collector must make
return for the nonresident. making no
allowance for the exemption. If any
person fails to make return in the man
ner and time provided by law, or makes
false or fraudulent return, the col-
lector shall make the return from