Year: 1861




IL aboec four hundred and not exceeding six hun


dred dollars %
If above six hundred and not exceeding eight hun


drod dollars 80
If above eight hundred and not exceeding one thou
=. sand dollars 40
If above ono thousand dollars 90
Which valuations shall be made agreeably to
the existing condition of the carriage and har-
ness at the time of making the entry thereof
each year, in conformity with the provisions of
this act and that there shall be, and hereby is,
likewise imposed an annual duty OF one dollar
on every gold watch kept tor use, and of fifty
cents on every silver watch kept for use, which
duty shall be paid by its owner thereof.


Section so provides for the proper registra-
ton of carriages and watches.


See. 60. And BE- it further enacted, That any
person who after the month of April in any year,
shall commence the having or keeping of any
watch or carriage subject to duty, shall and
may, at any time during thirty days after he
shall so commence the having or keeping such
watch or carriage, make like entry and payment
in manner before described; and no payment
of such proportion Of the duty laid by this act
on such carriage and the harness used there
with, as the time from which he shall commence
the keeping of such watch or carriage to the
first day Of the month of April then next en-
suing shall bear to the whole year, shall be en-
titled to and may demand like certificates, sub
jcct to the conditions pro ided in this act


Sec. 6l. And be it further enacted, That any
person having such watch or carriage as the
owner thereof, or having the charge custody or
possession of the same as the agent of the
owner, who shall make an untrue defective
entry, to evade the whole or any part of the
rate of duty Justly and truly payable thereon,
according to this act shall lose the sum paid
pursuant to such untrue or defective entry and
where such untrue or defective entry hath been
made, or where no entry has been made, or
where there shall be neglect of payment after
entry such person shall, in addition to the
amount Of rate OF duty lawfully payable, be IL
able and shall pay further sum of double said
amount on personal application and demand at
the house, dwelling or usual place of abode of
such person by the proper collector-one moiety
of which last sum shall be to the use of the
United States, ard the other moiety thereof to
the use of the collector-whch duty, with said
addition of double the amount of the same,
shall be collected by distant and sale of the
goods, chattes and effects of the person by
whom the same shall be payable And in every
case where the owner OF watch or carriage
shall fail to enter the same, in conformity with
the provisions of this act, the collector shall
have power, snd he is hereby authorized and
directed, to determine the class to which such
watch or carriage belongs, and to fix the duty
payable on the same.


tax of three per cent. on the income of
residents, amounting to upward Of $500 per
annum; and five per cent. on American incomes
Of nonresidents is provided for in the follow
ing section:


Sec. Gi. And be it further enacted, That per-
sons earning or having profits, gains and in
comes, in their own right or in trust, and all
companies, institutions, associations, corporate
or not corporate, and corporators, earning or
having profits, gains and incomes, which profits,
gains and incomes are or shall be derived from
sources other than the property by this act sub
jected to direct tax, for the year preceding the
first day of April Ammo Domini eighteen hun
dred and sixty-two, and each year thereafter,
beyond the sum of eight hundred dollars, de-
rived from any source of business, trade or vo-
cation, dividends of stock, interests of money
or debts salaries interest on legaces, annuities,
or derived from any other source, within or be-
yond the boundaries Of the Uni ed States, shall
be subject to and pay tax Of three per centum
on the first day of April in each year from and
after the passage of this act and in computing
such profits, gains and incomes, there shall be
deducted, besides the sum of eight hundred
Us uiOlCSdltl, all Ut Tue
wages paid for labor, and other charges incident
to such profits, gains and incomes, not including
personal and hmily expenses, in such manner
as to leave the annual net income of each and
every person, excepting the deductions hereto
fore and hereafter mentioned, subject to tax
alton under the provisions of this act Provi-
ded, That no person, member or corporator OF
any company, institution association or corpo-
ration, charged or chargeabe with tax under
this act, shall be required or be subjected in
diyidualy to taxation for his or her share of
the profits, gains or incomes OF such company,
institution, association or corporation which
shall have been taxed under the provisions of
this act, and paid in whole by said company,
institution, association or corporation but
where the income tax is derived from persons
residing abroad, and drawing money from their
/ property in this country, the rate shall be five
per cent. per annum.


| To any State that will assume and pay into
the Treasury of the United States, before a
specified time, the taxes or duties by this act i'm
posed upon it deduction of fifteen per cent
on the quota of direct tax duly apportioned
will be granted as provided in the following
section


Sec. CO. And be it further enacted, That any
.
pay into the Treasury of the United States the
direct tax, income tax or any and every indirect
tax, excise or duty, or its quota thereof, impos-
cd by this act, upon the State, or any person or
persons, companies, Institutions, associations,
corporate or not corporate, in its own way and
manner, by and through its own officers, asses
sors and collectors that it shall be lawful to use
for this purpose the last or any subsequent val
uaton, list or appraisal made by State authori-
/ ty for the purpose of State taxation therein,
next preceding the date when this act takes ef-
feet, TO make any laws or regulations for these
| purposes, to fix or change the compensation to
officers, assessors and collectors and any such
State which shall give notice by the Governor,
or other proper officer thereof to the Secretary
of the Treasury of the United States, on or be,
fore the second Tuesday Of February next, and
in each succeeding year thereafter OF its inten-
ton to assume and pay or to assess ana pay IN
to the Treasury of the United States, the direct
tax, income tax, and every indirect tax, excise
or duty imposed by this act, shall be entitled,
| in lieu of the compensation, pay per diem and
per centage, herein prescribed and allowed to