Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-12
LAWS OF THE UNITED STATES.

arising from tlrrs, foods, sh ipwreck, or incurred In
Guiding all estimated depreciation OF values; tho
amount OF interest paid during the year. ann
the amount paid for rent or labor TO cull'
tlvate land, or TO conduct any other busi-
ness from which income IL derived; the amount
paid for the rent OF the house or premises occupied
~ q residence for himself or his family. and ne
amount pald out for usual AMI ordinary repairs. No
deduction shall be made for any amount paid out for
new buildings, permanent improvements. or better
ments made to Increase the value OF any property or
SIC. 10. And Be e further enacted. That the tax
hereinbefore provided shall be assessed upon the
gains, profits, and income for the year ending on
the thirty-frst day Of December next preceding the
time for levylng and collecting said tax, and shall
b. levied OH the first day Of March, e!gctecn hundred
and seventy.one and eighteen hundred and seventy
day OF April in each OF said years. AMI In addition
10 any sum annually due and unpaid AFTER the thir-
tleth day OF April, aud for ten days after notice and
demand thereOfby the collector, there shall be levied
and collected, as 4 penalty. the sum OF five per cent
um on the amount unpaid, and Interest on said
amount at the rate OF one per centum per month
estates OF deceased. insane, or ~insolvent persons.
SIC. il. And be IL further snaeied. That It shall
be the duty or every person OF lawfnl age, whose
gross income during the preceding year eNcees.ed
two thousand dollars. to make and render a return
oil or before the day designated by law, to the assist
ant assessor Of the district in which he resides Of the
ssioresaId: but not Including The amount received
from any corporation whose officers, as authorized
by law, withhold and pay as taxes a per ccntnm Of the
dividends made and OF the Interest on coupons paid
by such corporation. nor that portion OF the salary or
pay received, for services In the civil. military, naval,
or other service Of tho United States. or as senator.
representative, or delegate In Congress. from which
tax has been deducted, nor the wages Of minor child
rcn not received; and every guardian and trustee.
executor or administrator. and any person acting
In any other iducinry capacity; or nsa resident agent
for. or copartncr OF. any nonresident allen, deriving
income, gains, and profits from any bnsinesS trade,
or profession carried on In the United States, OF from
r.,,la nf raat asN.ta .ltnu9a thaFRIn shall make nn,
render o return as Aforesaid TO the assistant assessor
or the district In which he resides OF the amount OF
income, gains and profits OF any minor or person Tor
whom he acts. The assistant assessor shall require
every such return to be verified BY the oath OF the
party rendering II, and may Increase the amount or
my return, after notice 70 such party, " he has
reason 10 believe that the same Is Indcrstated. In
case any person having n gross Income Us above. Of
two thousand dollars or more, shall neglect or rrflisc
to make and render such return, or shall render q
fnlSe or fraudulent return. the orthe a. sstnilt
asssesor shall make such return, according to the best
Information he can obtain BY the examination 0lsild
person. or Of his books or accounts, or by any Othcr
evidence, and shall add. a. y penalty, 10 the amount
OF the tax due thereon, nny per ccntum In all cases
Of willml neglect o. refusal to make AMI render a re-
turn, and one hundred per ceiituni In all cases o. d
false or fraudulent return having been rendered: The
tax and the addition thereto rs penalty shall be as
sessed and collected In the manner provided lor IN
cases OF wilml neglect or refusal TO render q return.
or n rendering q false or fraudulent return. But no
penalty shall be assessed upon any person for such
neglect or refusal. or for making or rendering a iaise
or fraudulent return. except after rcasonsb!e ho,iSs
ofthe time and place ofheaIing. to be regulated by Inc
Commissioner oflntern1l Revenue, 10 as 10 give me
persOn charged an opportunity TO be hearu; fTO-
rided, That no collector! deputy collector, assessor. OF
assistant assessor shall permit TO be published III any
manner such Income returns, or any part thereSl,
except such general statistics, not specifying tne
names Of indiyldualsor firms. as heilay MAKE pnone
under such rules and regulations as the Commission
or Of Internal Revenue shall prescribe.
SIC, ~. And be u further enacted. That when the
return OF any person Is incrsaSeh " Tue ASSISTANT .n y.
counts and be permitted TO prove anu declare. undeI
oath, the amount Of income liable to be assessed;
bgt such oath M ana nd sssnsitsn sn siSIn mo. IN N s1eS cases
shall be allowed until approved by the assistant ny
seSsOr. Any person may appeal from the declNoh
OF ne assistant a seS ~: ~ iss ssS% Thereon unless re-.
ycrsrd By the Commissioner OF Internal Revenue,
shall he iinai. The form. time. and manner OF pro-
seriSed by the commisIoier Of fntcrpal Revenue.
SEr. n. 1ad be Il further enacted. That any per.
son. In his own behalf, or ~ such hduciary OF agent
shall be permitted to declare. under oath, ina ne
or his ward, beneficiary, or principal, was not pos
seSsed Of an income Of two thousand dollars, llanle
to be assessed according to the provisions OF tlls acti
or NAV declare that an income tax has been assessor
and paid elsewhere In the same year, under %autllori.
Is ofthc United States, upon his Income, gains, anu
profits, or those Of his ward. beneficiary. or prihcl-
bal, as required by law: and Il the assistant assessor
shall he satisfied Of the truth OF the declaration, such
person shall theIeupOn be exempt nom INCOME uN
ssc. II. And be Il further enacted. That consuls
OF foreign governments who are not citizens OF the
United State, shall be exempt rom any income taN
Imposed by this act which may bederived from tneIr
official emoluments, or from property III foreign
Prorided. That the governments which
such consuls may rupresent shall extend similar eS
cmptiop to copsIls Of the United States.
SIC. Il. And be II further enacted. That there
shall be levied and collected for and during the year
hundred AMI seycnty.0nc a tax OF TWO anu
onc.half per centnm on the amount o. al interest," enh, OF
sued and payable In one or more years alter unte,b ny
any Of tile corporations In this section hereinafter
and OH the amount OL oil dlSlaeLas o.
bank, rust company, savings Institution. insurance
company. railroad company, canal company; iutn'
pike company. canal navigation company. anu SLACK,
wafer COMPANY, whenever and wherever the same
shall be PAYABLE, and to whatsoever person thc same
may be due, including nOn-rexldents. whether cltl'
zcns or aliens. and on all undivided protis OF any
such corporation, which have accrued ana been
earned and added to any surplus, contingent or other
fund, and every such corporation having paid the
tax ~ aforesaid. IL hereby authorized TO deduct anu
withhold from any payment on account OF Interest,
coupons, and dividends an amount equal TO the tax
oftwo and one.half per centum oil the same; and
the payment to The United s1aics. a, RrSS'asi 10y
tercst, coupons. and dividends aforesaid. shall dis
charge the corporation from any liability for that
amount Oisaid% Interest, coupons. or dividend scllinird
AZ due to any person, except In cases where said
corporations have provided otherwise by an express
horidsd, That the tax upon the dividends
INSURANCE companies shall not be deemed due I'm.
III huNH Wv aVti'iH ~ v $500 's
aud that the money returned by mutual
Insurance companies to their policy.holders. and the
annual or seml-annual interest allowed or paid To
the dcposItors in savings banks or savings institn-
lions, shall not be considered Us dividends, and that
any dividend Is made or Interest as aforesaid
Ii puId, which includes any part OF the surplus or
contingent fnnd Of any corporation which has hcen
and the tax paid thereon. or which includes
any part Of the dividends. Interest or c"ilpoh, re-
ccivci from other corporations whose officers ateai-
by law 10 withhold n per crntim on the
SAME, the amount OF tax so paid oil that portion OF
the SURPLUS Or contingent innd, and ihs amount Of
or coupons 80 received, may be deducted
from the tax on such dividend or interest.
SEC. ID. 1adIe tJnrther enacted, Thatefery per
son having the care or management OF any corpora
ton liable to bs taxed under the last preceding sec-
lion, shall IuaEe aud render to the assessor or assist
ant assessor oSthe district In which such person has
his Office for conducting the BUSINESS OF such corpor-
alton, OH or before the tenth day or the month follow
Ing that In which any dividends OF. sums Of money
become due or PAYABLE as Aforesaid; a true and com;
Internal Revenue may, prescribe, OF the amount Of
Income and pronts and OF taxes as aforesaid; and
there shall be annexed thereto q declaration Of the
president. cashier, or treasurer OF the corporation.
under oath. that the same contains u tr,le anl COM
pletc account OF the Income and profits and Of taxes
~ aforesaid. And for any default In the making or
Of such return, with such declaration an-
neXed. the corporation 70 In default shall forfeit, as q
penalty, the sum Of ono thousand dollars; and IN
OF any default In making or rendering said re-
turn, or OF any default IN the payment OF the tax as
or OF any part thereof tho assessment and
OF the tax anu penalty shall be IN nccoru-
incc with the general provisions OF law In other cases
SEC. IL. Ind be u further enacted. That sections
)ne hundred and twenty, one hundred and twenty.
md twenty-thrcc OF the act OF Jpie thirty. eighteen
hundred and siXty.four. entitled An act TO provide
Internal revenue 10 support the government, TO pay
interest on tho public debt, and Tor othcr purposes"
hundred and ~Iixtyslx, and the act OF March two,
Ightcon hundred and siXty-seven. shall be construed
o Impose the taxes therein mentioned to the first
that date no further taxes shall he levied or as
csSed under said sections: AMI all acts and parts OF l.
cts relating 10 the taxes herein repealed. and that
II the provisions OF sald acts, shall continue In full
for lcvying and collecting all taxes properly as
cssed or liable TO DC assessed, or nccrlllng under the
rovislons Of former acts. or drawbacks. the right to
ihlch has already accrued or which may hereafter
ccruc under said acts. and for maintaining and con-
Inulng liens, fines, penalties, and fOrfrltures Incurred
nder and by virtue thereof And this act shall not
e construed to affect any act done, right accrued, or
enalty incurred under former acts, but every such
Is hereby saved. And for carrying out and
oil proceedings which have been already
or that may be commenced TO enforce
iclI fines, penalties, and fOrlcltures, or criminal pro.
pedlngs under said acts. and for the punishment OF
rImrs Of which any PARTY shall be or has been found
IlIty.
SEc. u. And be IL further euaeied, That the Pres.
Is hereby authorized to annex to. and unite
lth each other, TWO or more adjoining collection
.lstricts, whenever In his opinion II will reduce the
Expenses OF collecting the internal revenue, without
npalring, the efficiency Of the service. and there
' such enlarged district. And the President Ia also
TO consolidate In like manner, at his dis
elton. any two or more adjoining supervisors dis
ists. and 70 retain or appoint one supervisor for
SEC. y. .hHd BE- IL further enacted, That as soon
practicable after the passage OF this act the num-
n OF assistant aSsessors employed shall be permu-
snty ieduced by the discharge OF all officers OF that