216 



CONGRESS. (THE TARIFF BILL.) 



benefits to the members of such so</u>tii's, orders, or 

 associations and dependents of such members: nor to 

 the stocks, shares, funds, or securities held, by any 

 fiduciary or trustee for charitable, religious, or educa- 

 tional purposes; nor to building and loan associations 

 or companies which make loans only to their share- 

 holders; nor to such savings hanks, savings institu- 

 tions or societies as shall (tirst) have no stockholders 

 or members except depositors, and no capital except 

 deposits; (secondly) shall not receive deposits to an 

 aLTirreirate amount in any one year of more than one 

 thousand dollars from the same depositor ; (thirdly) 

 shall not allow an accumulation or total of deposits 

 bv any one depositor exceeding ten thousand dollars; 

 (fourthly) shall actually divide and distribute to its 

 depositors, ratably to deposits, all the earnings over 

 the necessary anil proper expenses of such bank, in- 

 stitution, or society, except such as shall be applied 

 to surplus; (fifthly) shall not possess, in any form, a 

 surplus fund exceeding ten per centum of its aggre- 

 gate deposits; nor to such savings banks, savings in- 

 stitutions, or societies composed of members who do 

 not participate in the profits thereof and which pay 

 interest or dividends only to their depositors ;^ nor to 

 that part of the business of any savings bank, institu- 

 tion, or other similar association having a capital 

 stock, that is conducted on the mutual plan solely for 

 the benefit of its depositors on such plan, and which 

 shall keep its accounts of its business conducted on 

 such mutual plan separate and apart from its other 

 accounts. Nor to any insurance company or associa- 

 tion which conducts all its business solely upon the 

 mutual plan, and only for the benefit of its policy 

 holders or members, and having no capital stock and 

 no stock or shareholders, and holding all its prop- 

 erty in trust and in reserve for its policy holders ^ or 

 members ; nor to that part of the business of any in- 

 surance company having a capital stock and stock 

 and shareholders which is conducted on the mutual 

 plan, separate from its stock plan of insurance and 

 solely for the benefit of the policy holders and mem- 

 bers 'insured on said mutual plan' and holding all the 

 property belonging to and derived from said mutual 

 part of its business in trust and reserve for the bene- 

 fit of its policy holders and members insured on said 

 mutual plan. That all State, county, municipal, and 

 town taxes paid by corporations, companies, or asso- 

 ciations shall be included in the operating arid busi- 

 ness expenses of such corporations, companies, or asso- 

 ciations. 



SEC. 33. That there shall be levied, collected, and 

 paid on all salaries of officers, or payments for services 

 to persons in the civil, military, naval, or other em- 

 ployment or service of the United States, including 

 Senators and Representatives and Delegates in Con- 

 gress, when exceeding the rate of four thousand dol- 

 lars per annum, a tax of two per centum on the excess 

 above the said four thousand dollars ; and it shall be 

 the duty of all paymasters and all disbursing officers 

 under the Government of the United States, or per- 

 sons in the employ thereof, when making any pay- 

 ment to any officers or persons aforesaid whose com- 

 pensation is determined by a fixed salary, or upon 

 settling or adjusting the accounts of such officers or 

 persons, to deduct and withhold the aforesaid tax of 

 two per centum ; and the pay roll, receipts, or accounts 

 of officers or persons paying such tax as aforesaid shall 

 be made to exhibit the fact of such payment. And it 

 shall be the duty of the accounting officers of the 

 Treasury Department, when auditing the accounts of 

 any paymaster or disbursing officer, or any officer 

 withholding his salary from moneys received by him, 

 or when settling or adjusting the accounts "of any such 

 officer, to require evidence that the taxes mentioned 

 in this section have been deducted and paid over to 

 the Treasurer of the United States, or other officer 

 authorized to receive the same. Every corporation 

 which pays to any employee a salary or compensation 

 exceeding four thousand dollars per annum shall re- 

 port the same to the collector or deputy collector of 

 tiis district, and said employee shall pay thereon, sub- 



ject to the exemptions herein provided for, the tax of 

 two per centum on the excess of his salary over four 

 thousand dollars : Provided, That salaries due to State-, 

 county, or municipal officers shall be exempt from the 

 income tax herein levied. 



SEC. 34. That sections 3107, 3172, 3173, and 3170 of 

 the Revised Statutes of the United States as amended, 

 are hereby amended so as to read as follows : 



"SEC. 3167. That it shall be unlawful for any col- 

 lector, deputy collector, agent, clerk, or other officer 

 or employee of the United States to divulge or make 

 known in any manner whatever not provided by law 

 to any person the operations, style of work, or appara- 

 tus of any manufacturer or producer visited by him in 

 the discharge of his official duties, or the amount or 

 source of income, profits, losses, expenditures, or any 

 particular thereof set forth or disclosed in any income 

 return by any person or corporation, or to permit any 

 income return or copy thereof, or any book containing 

 any abstract or particulars thereof, to be seen or exam- 

 ined by any person except as provided by law ; and it 

 shall be unlawful for any person to print or publish 

 in any manner whatever not provided by law any in- 

 come return, or any part thereof, or the amount or 

 source of income, profits, losses, or expenditures a] >- 

 pearing in any income return ; and any offense against 

 the foregoing provision shall be a misdemeanor, and 

 be punished by a fine not exceeding one thousand 

 dollars, or by imprisonment not exceeding one year, 

 or both, at the discretion of the court ; and if the of- 

 fender be an officer or employee of the United States, 

 he shall be dismissed from office and be incapable 

 thereafter of holding any office under the Govern- 

 ment. 



U SEC. 3172. That every collector shall, from time 

 to time, cause his deputies to proceed through every 

 part of his district and inquire after and concerning 

 all persons therein who are liable to pay any internal- 

 revenue tax, and all persons owning or having the 

 care and management of any objects liable to pay any 

 tax, and to make a list of such persons and enumerate 

 said objects. 



" SEC. 3173. That it shall be the duty of any person, 

 partnership, firm, association, or corporation, made 

 liable to any duty, special tax, or other tax imposed by 

 law, when not otherwise provided for, in case of a spe- 

 cial tax on or before the 31st day of July in each year. 

 in case of income tax on or before the first Monday of 

 March in each year, and in other cases before the day 

 on which the taxes accrue, to make a list or return, 

 verified by oath or affirmation, to the collector or a 

 deputy collector of the district where located, of the 

 articles or objects, including the amount of annual in- 

 come, charged with a duty or tax, the quantity of 

 yoods, wares, and merchandise made or sold, and 

 charged with a tax, the several rates and aggregate 

 amount, according to the forms and regulations to be 

 prescribed by the Commissioner of Internal Revenue, 

 with the approval of the Secretary of the Treasury, 

 for which such person, partnership, firm, association, 

 or corporation is liable : Provided, That if any person 

 liable to pay any duty or tax, or owning, possessing, 

 or having the care or management of property, goods, 

 wares, and merchandise, articles or objects liable to 

 pay any duty, tax, or license, shall fail to make and 

 exhibit a list or return required by law, but shall con- 

 sent to disclose the particulars of any and all the prop- 

 erty, goods, wares, and merchandise, articles and ob- 

 jects liable to pay any duty or tax, or any business or 

 occupation liable to pay any tax as aforesaid, then, 

 and in that case, it shall be the duty of the col lector 

 or deputy collector to make such list or return, which, 

 being distinctly read, consented to, and signed and 

 verified by path or affirmation by the person so own- 

 ing, possessing, or having the care and management 

 as aforesaid, may be received as the list of such per- 

 son: Prodded further, That in case no annual list or 

 return has been rendered by such person to the col- 

 lector or deputy collector as required by law, and the, 

 person shall be absent from his or her residence or 

 place of business at the time the collector or a deputy 





