New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-14
created and organized. but

day of July in each year: and II the president
association or in the case Of any foreign CORPORA
ton. company, or association the resident manager
lec;or OF the internal revenue district in which
said corporation. company association shall be
fed by his oath or affirmation in such form as
shall be prescribed by the Commissioner OF Internal
Revenue with the approval OF the Secretary of the
Treasury. showing the amount OF profits or in
come received ny said corporation. company. or as
cedng the date OF filing said statement herein
after required the corporation, company or .asso-
OF 1900 and per centum on the amour. OF
taxes due for each month until the same is paid.
ths payment OF said penalty to be enforced pro
return OF taxes under the Internal revenue laws.
panes or ASSOCIATIONS shall Include the t0 AMOUNTS
paid 10 shareholders or carried TO the accoun, OF
any fund or used for construction, enlargement OF
plant, or any other expenditure investment paid
from the nsi annual profits made or acquired by
SAID corporations companies or associations.
EXEMPT CORPORATIONS
That nothing herein contained shall apply to
lions. CONF anies associations organized and
tonal purposes; including fraternal beneficiary
Sleues, orders or associations operating upon the
sick, accident and other benefits the members OF
such societies. orders, or associations and depend
snts of such members: nor to the stocks. shares.
funds. or securities he'd by any iduciary
for charitable religious. educational purposes;
nor to building and loan associations companies
which make loans only to their shareholders; nor 10
such savings banks savings institutions or socie-
ties as shall, first. have no stockholders or men,
bers except deposltors and capital except depos-
its; secondly shall not receive deposits to an
gate amount IN any one year OF more than Sl.@O
from the same deposor; thirdly. shall not allow
accumuat ton or total Of deposits by any one depos-
and distribute TO Its depositors rataby to deposits.
all the earnings over the necessary and proper ex-
penses of such bank institution. or society. except
such as shall be applied 10 surplus hfthy. shall not
per centum of its aggregate deposits; nor to such
savings banks. savings institutions societies com
S G hereo anS Wien 90 pay q pa Gr
only TO their depositors nor TO that part OF the
similar association having capital stock that Is
conducted on the mutual plan solely FOR the beneht
it, accounts of It's business conducted on such mu-
tual plan separate and apart from It's other &C
ton which conducts al its business solely upon the
mutual plan and only for the benefit Of its policy
and no stock or share holders and hoIling ali is
property in trust and in reserve for its policy hold:
any Insurance company having capital stock and
stock and share holders which Is conducted on the
mutual plan separate from It's stock plan OF nsur-
ance and solely for the benefit Of the policy holders
and members insured on said mutual plan. and hold
INK all the property belonging TO and derived from
said mutual part Of its business in trust and re-
serve FOR the benefit Of its policy holders and mem-
bcrs insured on such mutual plan.
PUBLIC OFFICIALS TO PAY
Sec 81 That there shall be levied collected. and
paid on al, salaries Of officers, payments for
vices to persons in the civil. military naval other
employment or service OF the United States, nc.ud
ing Senators and Representatives and Delegates in
Congress. when exceeding the rate Of 5000 per an
mum. tax Of per centum on the excess above the
said 5000; and It shall be the duty OF all paymasters
and all discussing officers under the Government OF
when making any payments 70 any officers per-
sons aforesaid. whose compensation Is determined
by fixed salary, or upon setting or adjusting the
accounts Of such officers or persons 10 de1uct ana
withhold the said tax Of per cenium; and me pay
roll receipts or account OF officers or persons pay
Ing such tax aforesaid shall be made 10 exhibit
the fact Of such payment ana II snail De me duy
ment when auditing the accounts OF any paynaster
or disbursing officer. or any othcer WithhoGing ms
salary from moneys received by MN, or Wheh sec
Ting or adjusting the accounts OF any such officer
his stection have been deducted and paid over TO
the Treasurer OF the United States or other officer
which pays 70 an enploye saary o, o'cn
exceeding 5000 per annuin shall report the same 70
said emplove shall. pay thereon subject TO the ex-
emptons herein provided for, the tax OF per
vi1eI mat salaries due State county. or munich
pal officers shall be exempt from the income tax
herein levied.
DUTIES OF COLLECTORS.
Sec a. That sections SG7. 3.l72 BIB and 3l7s OF
IN. Revised Statutes OF the United States as amend
/ al ,ro berchy amended so as to read as follows:
$500 3IG7 That II shall be unlawful for any COL
ec,or deputy collector agent Clerk. or other ohlcer
or empoye Of the United States 10 divilge or 70
make known in any manner whatever not proVf1e'
by Law 70 any person the operations stye OF ""ih'
oi bv him IN the discharge Of his official duties, or
the amount source Of income. profits losses eh-
glacin4a in an W. income r~turn by any person or
her.of or any book containing any abstract or par
tculars thereof. be seen or examined D! an! pc
@wfII for anv per-on 10 print or publish in any
manner whatever not provided by aW an! 'I, 'or
81 income profits losses or exp'i.uuI ,ainsf rh.
In any income return ana any otI ,oTr md he
foregoing provision shall be a misdeineail"I gnu pe
punishrI by a fine not exceeding 800 or by m
prlsonment not exceeding one year, or pol, o. W So,
offcer or empoye OF the tinted states he shaIl DC
dismissed from Office and be Incapable thereafter Oh
Sec Si72 Thr, every collector shall. from time
20 time cause MS deputies 10 proceed nr concsrn
Ink al persons therein who are LIABLE 20 pay al" ~
n'ern revenge TAX @n S OF any o6ecs
liable 10 pay any TAX. ana 20 maxi ISL Oh s"'''
persons and .numeraie sad GP]~eiS r.v o, any per
son partnershlp firm association or corporation.
MAJ ' =, 10 any xs @nI no, ohSrwise proyie for
IN ease u a spscia. tax or before the Sl'i iay
~, IN Hg Monday Of March in zach year and
In .ner cases before the day on wh.h w a. -
or airma on the collector Or depgtiy collector TOR
OF The Is:rc; where located. OF me aric,es OF 0s
charseI with duty or tan the quantity Of ch gTYnst
vars and merchanise made or s,I, an s ,rS
ecc"rilng 10 The forms am regu.a ,ons 10 be pre-
scrh,d 10y the Commissioner OF internal rsessmre'
with the approval of the secretary OF snr Irasuts
for witch such person. partnership firm, sssocia-
ton or corporation x liable: ProYiei inat Il an:
nerspn Liable 20 pay any duty or tax or OWNING.
nossessir. or having ne care or management OF
i,roper'v s1Dls wares and merchandlse, auc.rs OF
nnis,.s l,h'e 20 pay any duty tax or license shall
;an o. make and exhibit Is or return r.Huireu .; ~.
'aw put shall cousen, disclose the ptrtlch ars OF
any AMI all the property, goods, wares ana mtr-
chanse articles and objects liab.e to pay any QUIZ
or t,X Or any business occupation lao.e 70 pa!
any Tax As aforesaid. then. and in hat case i
, shall be- the duty II the collector or dtpuS, COZ
lec,or 10 make such lis; or return which. being
distinctly read consented to and signed and verilsd
bv oath or affirmation by The person 50 o"nils pos
s.ssirg or having the care and management as
aforesaid may be- received as the Isl oil suca per-
son. Provide! further. That In case no annual ~
or return has been rendered by such person 20 tne
co. !ector ~ deputy collector a. required d! law.
and ,ha person shall be absent from MS or hsr
r, sl,nce or place OF business AZ the time me col
;ector or a deputy collector shall call for me an
nul lie, or return it shall be the duty OF sucA CO...
ect1r n deputy collector % leave at such pace Of
reel. nee or business with some one or su'apt aS
AMI dIscretion 4 such be present otherwise 70 ue-
p0slt In the nearest poStorhce a lp,t, vi Nm or