Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-19
tPublic-No. lGi.l
AN ACT to reduce internal taxes, and for 9th
nuFnnxNa
Approved. July II. $50.
be Il Enacted Jythe Scaate and Home Of Repre'enta.
tires ofthe United SaieI o. America in CoH0rs''
o...r,ilsI

Bet Enacted blythe Senate and Home q !Repr,'enia.
Tires ctthe United Sates o. America in co"0rs'
assembled
That on and after the Grst lay or May, eighteen
| hundred and scventy-,ue, the special taxes Imposed
By the sevcnty-ninth section Of the act entitled AN
crnnIent. 10 nay Interest on the public debt. and for
other PURPOSES" approved juno thirty, cightceh
hundred and slxty.fUur, as amended BY section nine
Of the Internal revenue act approved July thlttecn,
cIgcteen hundred and ~sixty-six, and A. amended ny
section two OF the Internal revenue act appIpEeo
ana Inc sS,ine are hereby, rcHcaied: but this act shal;;
| not be held TO repeal or In any way nncct tns specIai
tax on brewers imposed BY said section. or the spec
| Ial taxes imposed ly the act approved July twenty,
ri,h,ccn hundred and sIxty-cight. entitled An act
Imposing taxes on distilled spirits and TOBACCO. anu
Tor other purposes" or the acts amendatory thefeo'.
SEC. ?. And BE- Il further enacted, That on and
after the first day Of October, eighteen hundred anu
| seventy, The several taxes on sales imposed by the
| internal revenue laws now In force, saving ano cS'
ceptIng such taxes on sales ns arc BY EXISTING Jaw
maid ~ stamps, and the taxes on sales or leaf tooac.
| co, manutictrr red tobacco, snut. cigar, lorclgn An9
domestic distilled spirits. and wines. imposed oy tald
| net, approved July twenty. eighteen hundred and
sixiiy.siSht. and acts amendatOry thereof. be, and the
sdInc are hereby, repealed.
SIC. ,. hni BE- q further enacted. That on ana
after the lrst day OF October. eighteen hundred anu
seventy, the taxes Imposed ny the Internal revenue
Laws, now Ia force, herein specified. 1c, ana the same
arc hereby, repealed, namely: on articles IN seheduIe
A; the speclaI tax on boats. barges and mas; ohlesa'
cles and SUGGESTIONS; on passports; and OIL gross re-
celpis.
SIC, 4, And be Il further enacted Thaton and after
the nrst day ofJctobcr eighteen hundred anuscyeul!,
the stamp tax imposed In schedule Is on piohlissoIs
notes Tor u less sunI than one hun!rcd dollars. all! on
receipts for any sum ornloncy, or Tor the payment o.
any icoL. and The stamp tax imposed In schedule =.
on canned and preserved nsh, BE-. and tue same aug
hereby, repealed. And no stamp shall be required
upon tue transfer or assignment OF \ mortgage. whctt
Il or the instrument II secures has been once auy
stamped, And tie proprietor or proprtetorS o. ar
tIcles named In said schedule Z. who shall furnish ME-
or their own die or design for stamps TO DC usea e.,
p~ecially Tor his Or their own prUpteiaTy ar r,maty :n .,,
| amounts purchased ~ OIL time OF not less I lan MY
dollars nor more than ave hundred doilars, i've per
centum: and on amounts over trc hundred dollars
ten prr cpntum on the whole amount purchased
Irorided, That luc!icr or friction matches, ana CT
ears lights. and way tnpert, may DC removes IN . Sar 1 :
country without payment OF tax, or amSin2 stamps
| thereto, under such rules and regulations as inc COM.
missioner OF Internal Revenue may prescribe; anu
all provisions oiexisting laws Inconsistent herewith
are hereby repealed.
SEC. 5. And be Il further enacted, That section
one hundred and ltty-elght OF the act entitled An
| other purpose" approved July thirty, eighteen
hundfcI and sixty.iour, a. Amended by section nine
Of tho internal revenue act, approved July inirtcch'
| eighteen hundred and ~sixtyslx, be. and Is hereby,
amended by striking out the words MY collars
In the second provlSo, and Inserting IN lieu ths.S0i
b. Striking out the words 'sixty.six" In the third
| lfUNlSD, ana llScTtlnR IN lCl HtIt" tHt NVIhh
'sevcnty-one: al.O. " sl,lSing out the words sixty.
seveI. In the last proviso. nnd inserting In leu there
VI the words "sevcniy.two."
SEC. 6. Andbe Il further enacted. That .hcre shall
be levied anu collected ANNUALLY, rs hereinafter pro-
vided, for the years s~tslitern hundred anu seventy
and eighteen hunlred sevcnty-one, and no longer. a
profits, and Income Of every pcrson residing IN the
United States, and or every citizen OF the Unltcd
States residing abroad, derived from any source
states, except as hereinafter provided. and a like tax
annually upon the gains, lroiits,. AMI income ueIiNsn
from any business. trade, or profession Sartle. 81 ~
the United States by any person reudiNI. wInout
The | nitcd States. and not a citizen thereof, orfron
rents Of rcal estate within the United states owned
BY any pcrsOn residing without the Ihitea o'atcH'
and not d CitiS en- thereof.
SIC. Z. And be il further enacted: That In estt
mating the gains, profits. and Income OF any person.
Kind OF property, rents, interest received or accrued
upon all notes, bonds. and mortgages, nrolheI lolnlh.
OF lnheb;eIues beArins interest, whether paid or MOI
or other s,euHties OF the United states, and the
amount VI all premium on gold and coupons; tne
trade. employment, ONCE, or vocation; including
any amount received as salary o., pay ior scrvieesln
limited States, or as senator. representative or dole
gate IN Congress: except that portion tnereol Ilohl
which, under authority OF acts OF Congress previous
hereto, a tax Of i've per ccntum shall have been
withheld, the share OF any person OF the EalnA ann
profits, whether divided or not, OF all companies or
partnerships; but not 'n SSo.H Sr NE amount Ss nu tsesIxeS
By law, Withhold any paw As taxes 4 per ccntum. OF
the dividends made. and or Interest or coupons paid
BIZ such corporations: profits realized within the
year nom sales OF real estate purchased within tHo
years previous TO the year for which Income IL est
mated; tho amount OF salcs or live stock, sugar,
wool, butter, cheese, pork, beef, mutton, or DINER
meats, hay and grain, fruits, vegetables. or other pro-
auctions, being the ErowthO or proluc. ofthc estate OIL
such person, but not Including any part thereof con
sunet directly by the hnly; and all other gains
pIodts, and income drawn from any source whatever,
but not Including the rental value OF the homestead
used or occupiedby any person. Or by his family.
Sec. 4. And be Il further enacted. That military or
naval n%cns!ons allowed toany person under ths law
dollars Of the gains. profits, and Income OF any PET
son, shall DO exempt from sald income TAX, ~
tho manner hereinafter provided. Only one uedue.
ton or two thousand dollars shall be made from lne
composed OF one or both parents and one or hiofe
minor children. or OF husband and wlfo; put Wnrn
wife has by law q separate income. beyond tne coz,
troll OF her husband. and Is living separate ana apal.
fromhim, such deduction shall then DC maoe, Ivni NY.
income. gains, and profits: and guardians anu t,uS.
tees shall be allowed TO make the deduction N IasO;
OF each ward or beneficiary except tnat IN Gaseu
two or more wards or beneneiaries eoinpIiseu ~
family, h .S,IT e Joint o. mt pT % tssir isSor. For %@i the pur:
pose OF allowing said deduction rom tne inG9I . ~
any religious or social community holding All tner
propcrty and tho income therefrom lolntly Ana N
Common; each I'VE Of the persons eompo,,nT sueI
sucS n.1on, Las than nve over such groups
~ ave- shall be held to constitute . family.
and n. deduction OF two thousand dollars
shall be allowed for each OF SAID families.
sorIetIs. now due and unpaid. shall be assessed and
coiiseici According 10 this provision, except that the
Sosrs,jon sSsil ia only one thousand dollars for any
9e.r nrior 10 eighteen hundred and seventy.
SIC. .. l.d - {,rtH no. Ss dsd 4. {Sst ~ Saas