Page:United States Statutes at Large Volume 14.djvu/168

 138 THIRTY-NINTH CONGRESS. Sess. I. Ch., 184. 1866. and not citizens, a like tax shall be levied, collected, and paid annually upon the gains, Q, me [j,;;;;:; the United States by persons residing without the United States, not citimws. zens thereoll PW, P- 478- That section one hundred and nineteen be amended by striking out all i?;;::;:  after the enacting clause and inserting in lieu thereof the following: That when due; _ the taxes on incomes herein imposed shall be levied on the first day of 18;% 1*;;,*;*:;*1 May, and be due and payable on or before the thirtietli day of June, in {Omg,-_ each year, until and "including the year eighteen hundred and seventy, !’¤¤4 P- 480- and no longer; and to any sum or sums annually due and unpaid after Ten percent the thirtieth of June, as aforesaid, and for ten days after notice and de. °dEl5"$"; ‘° l’° mand thereof by the collector, there shall be levied, in addition thereto, pm ’ 1’ c` the sum of ten per centum on the amount of duties unpaid, as a penalty, except from the estates of deceased or insolvent persons. Section 120. That section one hundred and twenty be amended by striking out all Tux on divi- after the enacting clause and inserting in lieu thereof the following: That €fl;;;sc(:;'il;f· there shall be levied and collected a tax of five per centum on all divisavings iu5[i[u; dends in scrip or money thereafter declared due, wherever and whenever Rm Ofmx or parnesfxilhatsoever, including non-restdentsf, wlnetlaer ézitizens or aliens, as par 0 ie earnings, income, or gains o any an, trust com an , savings institution, and of any fire, marine, life, inland insurance company, either stock or mutual, under whatever name or style known or called, in the United States or Territories, whether specially incorporated or exist- S*)‘)*° mx °“ ing under veneral laws, and on all undistributed sum·=, or sums made or
 * ?OFf‘l[)‘;:;.i"°P"‘° profits, and income of every business, trade, or profession carried on in
 * ¤;;*;»c*;*:llp;::i;*3;r the same shall be payable,  stockholders, policy holders, or depositors
 * ,?:;}';?  added during the year to their surplus or contingent funds; and said

gqI_wgxf:¤0nl;l;mh banks, trust companies, savings institutions, and insurance companiesshall bm from an ’ pay the said tax, and are hereby authorized to deduct and withhold from payments (mm-, all payments made on account of any dividends or sums of money that g?m;<>g;¤<=l¤ may be due and payable as aforesaid the said tax of five per eentum. Raman to be And a list or return shall be made and rendered to the assessor or asmnde to assessor sistant assessor on or before the tenth day of the month following that iu =;?h:?;li:Qvhl;z which any dividends or sums of money become due or payable as aforetime; said; and said list or return shall contain a true and faithful account of wltgponmini the amount of taxes asaforesaid ;_ and there shall be annexed thereto a hmywbe vm_ declaration of the president, cashier, or treasurer of the bank, trust comied; pany, savings institution, or insurance company, under oath or affirmation in form and manner as may be prescribed by the commissioner of internal revenue, that the same contains a true and faithful account of the doaemrlgx fgfak- taxes as aforesaid. and for any default in the making or rendering of mg mmm_ such list or return, with such declaration annexed, the bank, trust companlyksavings mititugon, or mtsurano; compgny piaking such default, shall In default of or ei as a pena ty the sum o one thousand do lars; and in case of an nmnziand collec. payment of the tax as required, or any part thereof, the assessment and gg3Q10W *0 b¤ collection of the tax and penalty shall be in accordance with the general T8; on (HW provisions of law in other cases of neglect and refusal: Provided, That dends oflife in- the tax upon the dividends of life insurance companies shall not be zlgfgfgmwmrg deemed due until such dividends are payable; nor shall the portion of whmnotmbe premiums returned by mutual life insurance companies to their policy ggrggezedifdiygz holders, nor the. annual or semi-annual interest allowed or paid to the mmmé mmm_ depositors in savmgs banks or savings institutions, be considered as divinies and savings d60d8- baggiion In- That section one hundred and twenty-two be amended by striking out all after the enacting clause and inserting in lieu thereof the following: That any railroad, canal, turnpike, canal navigation, or slack-water com· Tn on dwp pany, indebted for any money for which bonds or other evidence of in- ,;,,,,1,, md iu_ debtedness have been issued, payable in one or more years after date, uptsmst on bonds on which interest is stipulated to be paid, or coupons representing the
 * ’:‘;“a‘;°l;‘g" default in making or rendering said list or return, or of any default in th;