Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-17
LAWS oP THE UNITED STATES.

amount paid ont for usual and ordinary repairs. No
deduction shall be made for any amount paiu ou.Iot
new buildings, permanent Improvements. or oetteI-
ments made to Increase the value OF any properly or
estate.
SIC. ~ A.d >. q further eaaeted. That the tax tax
hereinbefOre provided shall be assessed upon Tue
gains, pronts. and income for the year ending on
the thirty-hrst day Of December next precedins lne
time for lcyying and collecting said tax. and snaI,
be levied on the frst day Of March, elgeteen hunured
and seyenty-one and eighteen hundred and seventy
two. and be due and payable on or b%eforc,tie thlIuetn
day OF April In each Of said years. And IN ndditl3n
tietil day OF April, and for ten days after notice ana
demand thereofby the collector. there shall be levied
UNI on Inc amount unpaid, and interest on said
amount at the rate OF one per eentum pei. month
mon. the time the same became due. except from the
estates OF deceased, insane, or insolvent persons;
SEC. II. And be u further eaaeted,. That II shall
be the duty OF every person Of lawful age. whose
gross income during the preceding year exceeded
oil or before the day designated by law. TO the assist
ant assessor OF the district In which he resides Of the
gross amount Of his Income, gains, and pronts as
aforesaid but not including the amount received
ff6in any corporation whose officers. aS aulhorlLeI
by law. withhold and pay US taXcsa per ccntum OF the
by such corporation. nor that portion Of the salary or
pay received, for services In the civil, military, naval,
or other service OF the United States, or-as senator.
representative, or delegate In Congress-, from which
| tax has been deducted. nor the wages OF minor child
rem not received; and every guardian and trustee,
executor or administrator. and any person HcuhI
III 1uy tlt uuuNIhI1 GupdClys VI ~ Sph Us, IS
for, or copArtner Of any nonresident allenr deriving
Income. gains. and profits from any business. trade,
or profession carried OH In the United states, or from
rents Of real estate situated therein. shall make and
| render a return Us aforesaid 10 the assistant hssessDr
ofthe district In which he resides or the amount OF
income, gains and profits OF any minor or person I1s
every such return to be verified by the oath OF inc
| party rendering II, and may Increase the amount OF
any return, after notice to such party. " he has
reason 10 believe that the SAME Is understatsi. In
case any person having 4 gross Income as above. OF
two thousand dollars or more. shall hegleGt or Isiu"e
to make and render such return, or shall reilurT y
false or fraudulent return, the assetsor or the assistant
assessor haIlmakc such return. according 10 the Dest
informatIonhe canobtaln by the examination ofSild
| person, or OF his books or accounts, or by any othei
evidence, and shall add, as q penalty, 10 me amount
OF the tax due thereon, my per centuin IN all cases
Of willnhl neglect 0; refusal 70 make ana renuer q r. .
turn. and one hundred per centuni IN all cases o, u
false or fraudulent return havinGbeen rendered; Inc
tax and the addition thereto rs penalty shall DC as
,cssed and collected In the manner provided Tor III
| cases OF willful neglect or refusal to render n return.
or If rendering o false or fraudulent return. But no
penalty shall be assessed upon any person LOT suen
neglect or refusal, or for making or rendering q Ialse
or fraudulent return, except after reasonable notice
| ofthe time and place ofhearlng, to regulated by tle
Commissioner 9flnternsl Esw VEN : 80 ia a. s 20 Si.e PtD.
rided, That no collector. deputy collector assessor. OF
assistant assessor shall permit 10 DC puDhshcd III ahS
manner such Income returns. or any par Lme', w.
| except such general statistics, not specifying tnc
names OF individuals or firms. a. hellay MAKE puD.lC
under such rules aud Regulations as tue Coinhlis'ioh
/ tT q lnttTUul htNtIut NItli We :.
SIC. IL. Aud be Il further eHaeted. That when ihe
return Of any person Is Increased by tue assistant as
SCISSOR. such psrs1n may ,nI =, eI nTaye nS declare ~ under
oath, the amount OF income liable 10 be assessed
but such oath and evidence shall not be conclusive
Of the facts. and no deductions claimed III sncn cases
shall be allowed until approved by the assistant as-
SCISSOR. Any person may appeal from tne ucclsloh
| OF the assistant assessor. In such cases, TO the assess
or Of thf Id Sl ;ha ta Sn@ Eis SeelS Of Internal Internal Revenue.
| shall be final. The form. time. and manneroi pro-
| ~cecdlngs. shall be subject TO regulations 70 De pre-
| scribed by the Commissioner OF Internal Revenue.
SEC. Is. And b, u further Enacted. That any per
son, In his own behalf, or US such tiduciary or AGENT
| shall be permitted TO declare. under oath, that ne
or his ward, beneficiary. or principal, WAS mol pos.
sesSed OF mi Income OF two thousand dollars. liable
TO be assessed according to the provisions OF uils acl;
or may declare that all Income tax mas peen ass,ssen
| and paid elsewhere In The same year, under authorl,,
ty Oithe United States, upon his Income. gains, anu
| profits, or those OF his ward, beneficiary. or princl-
ISaI A. 81 .s sa,Isssa D ~ i tSs ir aaS Of q TIN the declaration, such
person shall thercupon be exempt from Income TAX
In the said district. .,n.
Of foreign governments who are not citizens OF tne
United State. shall be exempt irom any income lhN
imposed by this act which may be derived rom .nS,I
oriclAl emoluments. or from property III iorS,s !,
countrirs: prorided. That the governments whlcu
such cOnsuls may represent shall extend similar eS'
SIC. is dnd be Il further enacted. That there
shall DO levied and collected for and during the yea
eighteen hundred AMI sevcnty-onc q tax OF TWO ahu
| ut-Ih MI CtHlull oh NV AiShh " e'
coupons paid on bonds or other evidences OF debt "
sued and payable In one or more years after untc. os
any OF the corporations ~ TINS secu9n neTcina,e ~
earnings, income, or gains hereafter declared, by any
bank, trust COMPANY. savings INSTITUTION, insurance
company. railroad company, ea'ai Sonrpany y, s 5nrr
water company. whenever and wherever Tue same
shall be payable. and to whatsoever person the same
zcIis or aliens, and OH all undivided profits OF ANY
such corporation, which have accrued ana been
earned and added TO any surplus, contingent OF 9'heI
fund, and every such corporation having paid The
tax ~ aforesaid, Ia hereby authorized 10 deduct and
withhold from any payment on account OF interest,
coupons, and dividends an amount equal TO the tax
oftsU and one-half per ccntum on the SAME: and
the payment to the United States. as provided by
law, Of the amount OF tax so deducted from the In
tercst, coupons. and dividends Aforesaid, shall dis
charge the corporation from any liability for thai
amount ofsaid Interest coupons, or dividends ,claiineti
Is due 10 any person., except IN eases where said
contract: Provided. That the tax upon the dividends
| ofInsnrance companies shall not bc deemed due I'M
I'll such dividends arc payable. either 10 money or
Utlcrwisc; and that the money returned by mutual
insurance companies 10 their policy-hOlders, AMI the
annual or seini-annual interest allowetl-or paid to
the dcpositors In savings banks or savings lnstltu.
lions, shan not 10 considered rs dividends, and that
when any dividend IN made or Interest rs aforesaid
Is paid. which includes any part Of the surplus or
assessed and the tax paid thereon. or which includes
any part OF the dividends. interest or coupons re-
ceivcd from other corporations whose officers arcau-
thOriIed by law to withhold q per centum on the
same. the amount OF tax 40 paid on that portion Of
the surplus OF contingent fund, and tic amount Of
tax which has been withheld aud paid on dividends:
interest, or coupons 10 received, may be deducted
from the tax on such dividend or interest.
SEC. IL. AHdIe IL further enacted. Thatcvery per.
son having the care or nlanagenient Of any corpora
lion, shall make and render TO the assessor or assist
ant assessor Of the district In which such person has
his ONCE for conducting the BUSINESS OF such corpOr'
alton, on or before the tenth day OF the month follow.
Ing that In which any dividends or sums OF money
become due or payable AZ aforesaid. a true and com.
pieie return, IN such form as the Commissioner OF
Internal Revenue may prescribe, OF the amount OF
income and profits and OF taxes ~ Aforesaid; and
there shall be annexed thereto a declaration OF the
president, cashier, or treasurer OF the corporation,
under oath, that the same contains a true and conf
plete account OF the income and profits and OF taxes
as aforesaid: And for any default IN the making or
rendering OF such return, with such declaration an
nexed. the corporation so IN default shall forfeit. as u
penalty. the sum OF ono thousand dollars; and In
case Of any default IN making or rendering said re-
turn, or OF any default In the payment OF the tax rs
| required, or OF any part thereof, tho assessment and
collection OF the tax and penalty shall be In accord
Of neglect and refusal.
SEC. II. And BE- u further enacted. That sections
one hundred and twssnty, one m mn req S ons r,,nI1SJ
and twenty three Of the act OF June thirty. eighteen
hundred and siItyiour. entitled act to provide
interest on the public debt, and for other purposes
an amended by the act or July thirteen, elShteen
hundred and siSt yra sna ,as l sSs ii ~ s s=ons,rSeJ
- ~
to impose the taxes therein mentioned 10 the frst
day OF August, eighteen hundred nnd seventy, Dlt
after that date no further taxes shall be levied or as
sessed under said sections; and all acts and parts OF
acts relating to the taxes herein repealed. and that
all the provisions OF Maid acts. shall continue In null
force for leyying and collecting all taxes properly as
Eessed or liable 10 he assessed, or accruing under the
provisions Of former acts. or drawbacks. the right to
which has already accrued or which may hereafter
accrue under said acts, and for maintaining ana con.
tInuingllens, fines, penalties. and forfeltures Incurred
under and By virtue thereof. And this act shall not
be construcdt to affect any act done, right accrued. or
right Is hereby saved. And for carrying out aud
completing all proceedings which have been already
commenced or that may be commenced 10 enforce
such zines, penalties. and forftltures. or criminal pro.
crimes Of which any party shall be or has been found
guilty. . aasNa
SIC. IL. And be 10 further enacted, That the Pres
ident Is hereby authorized TO annex TO. and unite
districts, whenever I'm his opinion II will reduce the
expenses OF collecting the internal revenue, without
the efficiency OF the service, and there
upon shall retain but one collector and one assessor
for such enlarged district. And the President Is also
authorized TO consolidate In like manner. at his dis
~cietlon. any two or more adjoining supervisors dis.
tricts, anu to retain or appoint one supervisor for
such consolidated district.
SIC. 10. And b. IL further enacted, That rs soon
as practicable aftcr the passage OF this act the mum.
nently reduced by the discharge or all officers 0f that
class who are assigned specially 10 the assessment OF !
any taxes which shall have leon abolished by law: |
and the Commissioner Of Internal Revcuue shall I've
further to reduce the number OF assistant
IN proportion 10 any reduction OF the SER
vice Of assessment which has been made, or mas
hereafter be made, by the repeal Of any portion Of
the Internal taxes. GsH.1 .0i-a
SIC. IN. AHd be Il further eadeied. That section
sixty-seven Of an act approved July thirteen,