Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-13


Be enacted blythe Senate and Hons, Of !Rtrrt,enta.
tires cL,the United States Of America" eo"''"'
| dssemLied
That on and after the lrst day Of May. eighteen
hundred and scvcnty-one, the special taxes imposed
by the screnty;ninth section OF ihe aGt ent', w. , az
| crnmcnt. to pay Interest on the public ucDt, anu LOT
other purposes" approved June thirty. elshIren
| hundred aud slxty-iOur, ns amended by section nine
| of The Internal revenue act approved July thirteen.
| cIgetcrn hundred AMI ~siSty.SlS, AMI ~ hilieii'lri ny
section two OF the Internal revenue at apptoIcn
| March two, eighteen hundred anl siNty-seven, be,
| and the same are hereby. repealed; but this act shali
| not be- held To repeal or In amy way afect the special
tax on brewers imposed by said section, or the spec.
iai taxes imposed by the act approved July twenty,
eighteen hnndrcd AMI siSty-elght, entitled An net
| Imposing taxes on distilled spirits and tobacco. AM
for other purposes or the acts nnlendatory thercoi'
SEC. 2. Aud be il further enacted, That on and
| AFTER the first day OF October. eighteen hundred anu
seventy, the several taxes on sales lmposed by tne
Internal revenue laws now IN force. saving ann eS,
ccptIny such taxes OH sales rs are by cNlstlnS law
paid by stamps, and the taxes on sales OF leal tODac,
| co, manufactured tobacco, snuii. cigars, foreign aud
domestic distilled splrlt.. anu wlnss. lhbUspH ~ Su,d
| sISty-cIshL ind acts aInendatOry thereof, be, anu inc
same arc hereby. repealed.
SEC. !. Ind be Il further enacted. That on and
| after the first day OF October, eighteen hnlllrcd anu
seventy, the taxes imposed by the Internal revenue
laws, now In force. herein specified. bc, and the same
are hereby, repealed, namely: OIL articles lhschelule
a. Tho sDIciai tax OH boats, barges and OATS; on lega-
Giles and succesSions; OH passports; aild on gross TO
CciptS.
SIC, I, Aud be il further enacted That on and afer
the iirs, LAY olOctubcr eighteen hundred AMI seventy,
the stamp tax Imposed In schedule Is on pr0iilissory
notes tor a less sum than one hundred dollars, anu on
receipts for any sum OfnOnry, or for the payment 81
| anv Debt. and ihe stamp tax imposed In schedule Z,
on canned and preserved fish. he, anu tue same arr
| hereby, repealed. And no stamp SHAH DC required
| upon the transfer or assignment on mortsaSe. whcts
II or the instrument II secures has been once unIy
| stamped. Aud the proprietor or proprictors o. ar
| tlclcs named IN said scheduled, who shall furnish MS
or their own lie or design for stamps to be used cs,
| pccIalIy for his or their own proprietary articles, shall
be allowed the following commissions, namely: On
amounts purchased at one time or not less tian MY
| dollars nor more than i've hundred dollars, i've, per
ccn.uin; AMI on amounts over i've hundred uollars,
ten per c,ntum on the whole amount purchased
TrOridfd, That lucifcr or friction matches, ana q.
cars lights, and wax tnpcrs, may DO remover rom
the place Of manufacture for export TO a foreign
country without payment flax; Or amxing s.amps
| missioner Of Internal Revenue may prcscribe; anl
| all provisions ofexlsting laws Inconsistent herewith
are hereby repealed.
SEC. 5. And be q further enacted. That section
one hunired and iny-ciIht Of the act entitled An
| act to provide Internal revenue 10 support the gov.
c.Iment; to pay Interest," Srnro on 'M .sI PTp aEit aSo' s hha ,e5
| hundred and siXtyiour, as amended by section niile
Of the Internal revenue act, approved July uhlrteen'
amended by striking out the worls "'hny dollars,
In the second prOvisO, aud Inserting In lieu thereof
unpaid. but In no case lcs than i've dollars" also,
by striking out the words 'sSty.slS" In the thlri
piOvisO. and inserting In lieu thereof tho words
'seycnty-Onc;' also, by striking out the words sixty
sever in the last provlsO. and inserting I'm lieu there
Of the words "srvcnty-twO."
SIC. i. AndGe u further enacted, That here shall
he levied and collected annually, Us hereinafter pro-
vIdcd. for the years eighteen hundred nnd seventy
aud eighteen hundred seveiity-one. and no longer. a
tax OF two and One-halr per ceIltuni upon the gains
profits. aud Income OF every pcrson residing ~ the
United States, and Of every citizen OF the United
States residing abroad, derived rem any s2nrSe
whatever, whether within or without the united
States, except ms hereinafter provided. AMI n like tax
annually upon the gains, profits, and Income derived
from any business. trade, or profession, carried on IN
the United States by any person relding. without
the United States. AMI not a citizen thereof, ORION
rents Of real estate within the United states owned
by any person residing without the United States'
SIC. :, And be Il further enacted: That In csti'
mating the gains, profits, and Income or any person,
there shall be Included sll income ae, W. = snc, nn3
upon allnotcs. bonds. aud mortgages. orotheI iornls:
OF indebtedness bearing interest, whether paid or no.
or other securities OF the United States. and the
amount Of all premium on gold and coupols; tne
trade. employment. Office, or vocation; INCLUDING
any amount received as salary or pay Tor SerSleeslh
The clyii, military. naval, or 1,1sr nta tiI,.' or ~ ds y
gate In Congress. except thnt portion thereof rom
which, under authority Of acts OF Congress previous
hereto. a tax OF five per ccntum sinai nave peel
withheld, the share OF any person Of tho gains and
profits, whether divided or not, 81 all companies or
partnerships. but not including the amount received
tlO1u lny CORPORATIONS NIpSt UlllCNINs IN
by law. withhold any pay az taxes a per centrum o.
the dividends made. and o~f intcrest or coupons paid
by such corporations; profits realized within the
year from sales Of real estate purchased within TWO
wears previous TO the year for which Income Ia esti'
mated; the amount Of sales OF live stock. sugar,
wool, butter, cheese, pork, beef, mutton, or other
meats, hay and grain, fruits, vegetables. or other pro-
auctions. being the growth or produce ofthe estate OF
such person. hut not including any part thereof CON
sumcd directly by the family; AMI all other GAINS
profits, and Income drawn from any source whatever,
but not Including the rental value Of the homestead
used or occupied by any person. or by his family.
src. 8. And be IL further enacted, That military or
naval nenSiOns allowed 4 any person under the laws
orihc United States, and the sum OF two thousand
dollars OF the gains. profits. and Income OF any per
son, shall DC exempt froil said income TAX, ~
the manner hereinafter provided. Only one detiuc-
tIon Of two thousand dollars shall be made from inc
aggregate Income Of oil the member OF any family
composed ofone or both parents and one or more
minor children. or Oflusblnd and wife; but when a
wife has by law n separate income, beyond the con.
troll OF her husband, ana Is living separate anil apart
from him. such deduction shall then be made nom her
ices shall be allowed TO make the deduction In favor
NJ each ward or beneficiary except that In case OF
or more wards or benef!clarles comprised In one
family. n .S.,I & Joint n,as pTIo 70 .Ssy Interest Inter E only ts one n DC.
nose OF allowing said deduction nom the Income OF
INV religious or social community holding all their
property and the income therefrom Jointly and In
each nve OF inc persons composing such
such persons lcxs than iivc Over such groups
OF ave. shall be held TO constitute q family.
and q deduction OF two thousand dollars
taxes OH the Incomes, gains. and profits Of such
societies. now due and unpaid, shall be assessed and
collected according TO this provision. except that the
shall be only one thousand dollars for any
year prior 10 eighteen hundred and seventy.
SIC, y. AHd be itJRrtkr enacted. That In add.
10 the exemptions provided In the preceding