Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-12-12
LAWS OF THE UNITED STATES
PUBLISHED BY AUTHoRITY.I /.
/ Unofficial.

PUBLISHED BY AUTHoRITY.I -,
-g JfSoFEioiAL. ~
LAWS OF THE OMITTED STATES.
Passed atths Second kcssion Of the Forty.
First ConEress.
fPubie-No. lH.l fsss
An ACT to reduce Internal taxes, and for other
Approved. July Il. Yio.
Belt e.seted D tA.S Senate and Howe Of Rqrs-ia.
tire 9Iths Unftsd States Of Amer'ed IN c0"'rs'
That on and afsr the nnt day Of Nay. eighteen
hundred and Eeyenty-one, the special taxes imposed
by the seveuty-nlnth section OF the act entitled A
c sSs no Ptos 70 p. i9i ia.eTes asS Sn ne p pubic sSRp debt, .a md SSr
other purposes" approved June thirty. eightcen
hundred and slxty.four, as amended by section nine
OF the internal revenue act approved July thirteen,
clgeteen hundred and sixtysix, and a. amended by
section two Of the Internal revenue act approved
March two, eighteen hundred and stIty-seven be,
and the same arc hereby, rcpealed; but this act shall
not be held to repeal or In any way affect thespecAl
tax on brewers imposed by said section, or the spec
. sIs.sss SnpSssS by BY ' s, &c, IHRr0. sSi, SsSly a! Y ~
imposins taxes on distilled spirits and tobacco. and
FOR other purposes" or the acts amendetory thereof.
ater the nrst day OF October, eighteen hundred and
seventy, The several taxes on sales Imposed by tile
internal revenue laws now In force, saving and ex-
ceptin2 such taxes en- sales as arc by existing law
paid b. stamps, and the taxes on sales OF Leaf tobac-
%, msnufactured Tobacco, snut. cigars, foreign and
domestic distilled spirits. and wines. Imposed BY said
act, approved July twenty. eighteen hundred and
sixtyeight. and acts amendatory thereof, be, and the
same arc hereby. repealed. -
SEC. 3. And % IL further enacted. That on and
after the drst day of0ctober. eighteen hundred and
laws SSssI now In force, herein speSiaed be, and the same
arc hereby, repealed, namely on articles lnschedule
A; the speeiaitAx on boats. 6arEes and mats; on lega-
Giles and SUGGESTIONS; on passports; and on Erossre-
SIC. 4. And Do u Isrthsr sraetsd' Thaton and amer
the first day ofOctober eighteen hundred andseveuty.
notes ior q less sum than one hundred dollars. and on
receipts for any sum %ofnouey. or for the payment OF
any debt. and the stamp tax Imposed In schedule Y.
hereby, repealed. And no stamp shall be required
upon the transfer or assignment fn mortgage, where
Il or the instrument Il secures has been once duly
stamped. And the proprietor or, propIietors OF ar
tlcies nanedin said scheduled, who shall furnish his
or their own die or desisn for stamps to be used es.
pecially for his or their own proprietary articles, shall
be allowed the following commissions, namely: On
amounts purchased atone time OF not less tian my
dollars nor more than ave hundred. dollars, i've per
ssn'T UNI s snS on amounts os ,bs SSs5 ny "m sSnSfe eare eSns:
Frorided, That lucifcr or friction matches, and ci-
\ CARS lights, and wax tapers, rnay be removed from
country without payment oftar. OF anixing stamps
thereto, under such rules andregnlatons Is the Com.
missioner OF Internal Revenue uay prescribe; and
all provisions olexlstins laws inconsistent here"i'h
SEc. 5. AID Dc iJarthr snaeisd. That section
one hundred and dty-eight OF the act entitled An
act to provide internal revenue to support the gov
ernment, to pay interest on the pubic debt, and Tor
other purposes" approved July thirty. eighteen
hundred and slxtyfour. as amended By section pint
of the internal revenue act, approved July thirteen,
eighteen hundred and ~siXty.slS, be, and ID hereby,
amended by striking out the words my dQuArs
in the second proyiso, and inserting In lieu thereof
unpaid. but In no case less than ave dollars" also,
BY stAking out the words 'slSty.siS" In the third
gtoviso. and inserting SSS 10 lieu o5 !s re Mo 1as. . TIlS.
scyei.' In the last proviso. and Inserting In lieu tnere-
ofthe words 'seventytwo." ,
SIC. 4. Andes Il Jnrthcr enacted, That here shah
be levied and collected annually, as hereinafter pro-
vlded, for the years eighteen hundred and seventy
and eighteen hundred seventyonc. and no longer, q
profit, and Income or every person residing IN the
United States, and OF every citizen OF the United
States residing abroad, derived from any source
whatever, whether within or without tho United
States. except as hereinafter provided, ana Q IKE TAX
annually upon the gains. profits. and income derived
, no r 1Ty sr sinsss S ssas aSy 81 p srS,s~ rsad Sas's WITHOUT
the United States, and not q cltlLen thereof. IRON
rents OF real estate within the United state: owned
SEC + And 30 Il further enacted: That 10 est.
mating the gains, profits, anu income o. sny person:
kind Of property, rents, Interest received or accrued
upon allnotes, bonds. and mortgages. orother forms.
OF indebtedness bearing Interest, whether paid or NOT
II good and collectablc. Interest upon notes. bonds,
or other securities OF the United STATED and the
amount OF all premium on gold and coupons; the
Trade. empioymcnt, once, or vocation; Including
any amount received as salary or pay Tor services I'D
the civil. military. naval. or other service 81 the
United States, or as senator, representative or dele
gate In Congress: except that portion Thereon RON
which, under authority Of acts OF CongreSs previous
hereto. . tax Of dive per eentum shan have oeeh
profits, whether divided or not, Of all companies or
partnerships. but not Including the amount received
from any corporations whose officers, as authorized
by law. withhold any paw as taxes aper centum q
the dividends made. and o flnterest or coupons PAID
by such corporations; profits realized. within ths
year from sales Of real estate purchased within TWO
years previous TO the year for which income Is cstl'
mated the amount OF sales OF 1--we STOCK. sugar,
wool. butter. cheese, pork. beef, mutton, or other
auctions, being the growtho or produce ofthe estate Of
such person. but not Including any part thereof CON
sumed directly by the family; and all other gains,
profits, and Income drawn from any source whatever,
out not including the rental value OF the homestead
used or occupied BY any person; Or BY his family; J, ~
naval nensions allowed 10 any person under the laws
ofthe United States. and the sum Of two thousand
dollars Of the gains, profits. and Income Of any per
the manner hereinafter provided. Only one deduc-
tio4 OF two thousand .lollars shall be made nom the
aggregate income Of all the members or any family
minor children. or ofhusband and wife; but when Q
wife has BY law . separate income. beyond the con.
f fFom 81 Kim aus such ~ deduetIon .Sslitsen Be made from her
Income. gains, and proatsI and guardians and trus.
tees shall be allowed to make the deduction IN favor
OF each ward or beneficiary except that IN case OF
two or more wards or benehciariasc comprised ID one
amIly, having Joint property Interest, only one oe-
durtlon shall DO made In tnslr isvor. LOT .ns puri
any religious or social community holding, oil thelr
property and the income thsrefrom Jointly and In
common. each Ave OF the persons composing 0SnShs sae ~
such persons less than nvo over such groups
Of ave, shall be held TO constitute q isnlily.
s and a ded sIIc%sa for Sr s s%G Of sS0G sIG ta aSIs,.
ANY taxes on the incomes, gains. and prohtsof such
societies, now due and unpaid, shall be assessed ana
deductlon shall be only one thousand dollars for any
year prior TO eighteen hundred and seventy. .,
SIC. 9. And be Il }niho Enacted. That IN oddl'
tIon TO the exemptions provided In the preceding
section, there shall be, dcducled nom tue gains,
| pronts, and Income Of any person all national, state,
county, and municipal taxes paid BY him within the
! ali his losses actually sustained during the year
arising from fires, hoods, ~shipwrccS. or incurred IN
trade, and debts ascertained 70 Dc worthless, put *.
amount OF Interest paid during the year, and
tie amount paid for rent or labor to cui'
tivase LAM, ,c or ,n 70 Son F. SSr,xsS. ~, SS smSant
paid Tor the rent OF the houSe o! premises occupied
as . rsaidence for himself OF, his family, and t3e
amount paid out for usual and ordinary repairs. NO
| deduction shall be made for any amount paid out Tor
new buildings. permanent improvements. OF better-
meno made TO Increase the value Of any property OF
SIC. 10. And BE- Il further enacted. That the tax
hereinbefore provided shall be assessed upon the
gains, profits, and income for the year ending on
the thLTty-hIt day Of December next preceding the
time for levylng and collecting said tax. and shall
be levied on the arst day OF March. elgeteen hundred
and seventy-one and eighteen hundred and seventy
two. and be due and payable on or beiore, the thirtleth
day OF April In each Of said years. And In addition
Ia any sum annually due and unpaid after the thir-
tleth day OF April. and for ten days aner notice and
demand thereofby the collector, there shall be loved
and collected, As q penalty, the sum or hve per cent.
um on the amount unpaid, and Interest on said
amount at the rate Of one per centum pei. month
from the time the samc became due, except from the
estates Of deceased. insane, or ~insolvent persons: -.
SEC. u. Aad BE- u further saactsd, That II shall
be the duty Of every person or lawful age. whose
two thousand dollars, TO make and render I return
on or before the day designated by Law, to the assist
ant assessor OF the district IN which he resides ofthe
Eross amount OF his income. gains, and proats -
IforeMid; but not including the amount received
from any corporation whose ot1eers, as authorized
by law, withhold and pay a. taxesA per ccntnm OF the
dividends made and Of the interest on coupons paid
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 acting
In any other tiduciary capacity; or asa resident agent
for. or copartner Of. any nonresident allen, deriving
Income. gains. and profits from any business, trade,
or profession carried on In tue United States, or from
rents Of real estate situated therein. shall make and
render q return as Aforesaid to the assistant assessor
Of the district In which he resides OF the amount Of
income, gains anil profits ofhny minor or person Tor
whom he acts. The assistant assessor shall require