THIRTY-NINTH CONGRESS. Sess. I. Ch. 184. 1865. 137 lied checks and all notes and other obligations calculated or intended to _ cirgulaegon to circulate or to be used as money, but not including that in the vsiulf. of “‘° “ ° w ” ' the bank, or redeemed and on deposit for said bank; and an additional Additionultax tax of one sixth of one per centum, each month, upon the average amount g313E2f5g;; of such circulation, issued as ziforesaid, beyond the amount of ninety per 90 ner cent of centum of the capital of any such bank, association, corporation, company. ****1*****]- or person. And 2, true and accurate return of the amount of circulation, Return of einof deposit and of capital, as aforesaid, and of the amount of notes of per- cfm sons, State banks or State banking associations, paid out by them for the to be made previous month. shall be made and rendered monthly by each of such *¤°¤*hl.Y? banks, associations, corporations, companies, or persons to the assessor of the district in which any such bank, association, corporation, or company may be located, or in which such person has his place of business, with a declaration annexed thereto, and the oath or affirmation of such person, to be under or of the president or cashier of such bank, association, corporation, or °' “m"m“" company, in such form and manner as may be prescribed by the commissioner of internal revenue. that the same contains a true and faithful statement of the amounts subject to tax as aforesaid; and for any refusal Penalty forre- 01- neglect to make or to render return and payment, any such bank, asso- {gs;;;; 'rfggg c·tion, corporation, eompany, or person so in default, shall be subject to or payment, and pay a penalty of two hundred dollars, besides the additional penalty and forfeitures in other cases provided by law; and the amount of circulation, deposit, capital, and notes of persons, State banks and banking associations paid out, as aforesaid, in default of the proper return, shall be lu d¤fM1l¤ of estimated by the assessor or assistant assessor of the district as aforesaid, ;gtg;';g$g?:;_ upon the best information he can obtain ; and every such penalty may be Penalties, how recovered for the use of the United States in any court of competent ju- '°°°"°'°d· risdiction. And in the case of banks with branches, the tax herein pro- Tax,b¤w asvided for shall be assessed upon the circulation of each branch, severally, QQ};?,? and the amount of capital of each branch shall be considered to be the branches. amount allotted to such branch; and so much of an act entitled "An act _ R°PF°*l <>f1¤w, to provide ways and means for the support of the government," approved gs! on March three, eighteen hundred and sixty-three, as imposes any tax on banks, &e. banks, their circulation, capital, or deposits, other than is herein provided, V$8‘§i°h· is hereby repealed: Provided, That this section shall not apply to associ- '_|_:his gel;;;,,,, ' ations which are taxed under and by virtue of the act “ to provide a na- ¤¤¤_ ¤¤ apply #0 tional currency secured by a pledge of United States bonds, and to pro- °*{§°&”‘lclf:’;l'f)§_ vide for the circulation and redemption thereo£"And the deposits in Vol. xlii. p. ss. i associations or companies known as Provident Institutions, Savings Banks, Savings bmlks Savinvs Funds or Savinvs Institutions, hav“n¤· no ca 't l t k d d¤ m ba exempt r ¤ v ¤ l ¤ Pl a S OC an Om;. from mx on de- , no other business than receiving deposits to be loaned or invested for the positsinvestcd
sole benefit of the parties making such deposits, without prolit or com pen- Q2 S““°°
E sation to the association or company, shall be exempt fiom tax on so much ` gi of their deposits as they have invested in securities of the United States, and on all deposits less than five hundred dollars made in the name of any D°P°§i¤* 9fl°” __ _ . . _ - than $000 m the g one person , and the returns requu ed to be made by such Provident In- mma of mw om § stnntions and Savings Banks alter July, eighteen hundred and sixty-six, person exeuipt. F shall be made on the first Monday of January and July of each year, in Remmewhau ii such form and manner as may be prescribed by the commissioner ol' in- *0 b° made- 5 ternal revenue. sl That section one hundred and eleven be amended by inserting after the S¤<=fi<>¤ Ui- ` words " proprietors, managers, or agents of 10tteries," the words: *‘ and all d li°“°"Y ti°k°* i lottery ticket dealers." W m` vi That section one hundred and fourteen be amended by inserting after $¤¤¤i¤¤ 114-
the word " periodiez1lly,” in the first sentence of said section, the words:
if or otherwise, or publishing any guide, almanac, catalogue, directory, oi- ? any other paper or book. F; That section one hundred and sixteen be amended by inserting after S¤<>*l<>¤ U6-
- the words “ on the excess over- five thousand dollars," the following
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