Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-15
LAWS Of rae UNITED STATES.

trade. and debts ssesrtained 70 be worthless, but ex.
Guiding all estimated depreciation OF values; the
,m0uns Of interest s,,s R.id ,. as'9 aT ' issoI yea 70 s sni.
ness nom which income Is derived; the amount
p.ie iUs Shs rsni Tor Or S spn 1Si11s or BIZ fsmiiy, and the
amount paid out for usual and ordinary repairs. No
dsdustioI shall Be made fer any amount ps 10 S Se,, i@t
ments made 10 increase the value OF any property or
estate. $780,
hereinbefore provided shall be assessed upon the
gainI, profits, and income for tho year ending on
the thIrty-nrst day Of December next preceding the
Sai levied i on The hr.t day Of March. sIsetcen hundred
and seventy-one and eighteen hundred and seventy.
two, and b due ~ and P q si;t on, ., eej Hns Inc iS i asdi,iaS
to any sum annually due and unpaid after The thir.
tIeth day OF April. and for ten days amer notice and
and Collected, as ! penalty. the sum Of Ave per cent:
um on the amount unpaid. and Interest on tald
AMOUNT At the rate OF one per centnm per month
estates ofdee.sIed, insane, or ~lnsoivent persons.
SIC. II. And BE- % further snaetsd,. That Il shall
be the duty Of every person or LAWFUL age. whose
Two thousand dollars, to make and render q return
on or belon the day designated by law. TO the assist.
ant assessor Of the district In which he resides OF tue
gross amount or his income. gains, and pronts IS
SiorsssId; but not Including the amount received
fSm any corporation whose o1nesrs, as authorized
BY law. withhold and pay astsxesa per centum OF me
| 0ltl0en0U ullQo AlQ y HkCICbt vi v p@hA
BY such corporation, nor that portion o. the salary Or
pay received, for services In the civil, military, naval,
Or other service Of the United States, or as senator.
epresenAtlve, 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 aetins
ia any other nduetary capacity; or Is . resident agent
for, or copsrtner o. any nonresident allen. denvlhs
income. gains. and profits from Any business. trade.
or profession carried on In the United States. or rom
rents Of real estate situated therein. shall make and
| render q return - Aforesaid 10 the ~nsslstant assessor
OF the district 10 which he resides OF the amount OF
, WSom e. acts Tue assistant assessor shall require
every such return 70 be verified by the oath OF the
party rendering y. an anu may inS mere n, me an n Ss hS n.
reason 10 believe ,Ett the same Is understAted. ~
case any person having . gross income As above. OF
to make and render such return. or shall render .
false or fraudulent return. the assessor or the assistant
ASSESSOR shall make such rstuIn: aseorHing 70 ING oest
person, or OF his books or accounts, or BY any other
evidence, and shall add, aSA penalty, TO the amount
OF Y WinSuai neglect Q. refusal 70 make and render . re-
turn, and one hundred per centuni In AL cases nIA
false or fraudulent return having been rendered; lac
tAx and tho addition thereto a. penalty shal! pc as
sessod and collected In the manner provided ior IN
cases OF willful neglect or refusal to render q return.
or II rendering . false or fraudulent return. but no
neglect or refusal. or for making or rendering q iaise
or fraudulent return. except after reasonable nouSe
c Comm LII HnH u IntsrnSi REVENUE. 50 as to give The
person charged All Opportunity 10 DC neaIu' ITO
sidrd. That no collector. deputy collector ,aSscsS I, W
manner such income returns, or any pArt ,hereSi.
except such general statistics. not specifying tne
names Of Individuals or irus, as he may make PUBIC
under such rules and regulations as the Commission
er OF internal Revenue shall prescribe.
SIC. IL. And be Il further enacted. That when the
return Of any person Is increased by the assistant as
SCISSOR. such person may exhibit his books AMI nc
counts and DO permitted to prove and declare. unuer
oath. the amount OF income liable TO be assessea;
bnt such oath and evidence shall not be conclusive
or tho facts, and no deductions claimei In such cases
shall be allowed until approved BY the assistant a.,
~ sf isSs ,, Asx Ra assessor %.i In H saeh eases. to the assess.
or OF the district, and his decision thereon, illle,sre-
versed by the Commissioner OF Internal Revenue,
shall be nnnl. The form. time. and manner OF pro.
| ceedinss, shall b. subject to regulations 70 be pre-
scribcd by the Commissioner OF internal Revenue:
SEC. 81. Aud b. u Jurtho sndeied That any per
son, In hls own behalf. or o. such tduciary or agent,
shall be permitted to declare, under oath. tnat ne
or his ward. beneficiary. or principal, VA no, pos
sessed NJ an Income OF two thousand doilatS, nauie
TO be assessed according 10 the provisions oil III > acl;
or may declare that an Income tax has been assessed
and paid elsewhere In the same year, under autno.l,
ty oithe United States, upon his income, ealis, ana
uIolts. or those OF his ward, beneficiary. or prlncl'
pal, a. required by law: and n tho assistant assessor
snail be satisfied OF the truth Of the declaration, luch
person shall thereupon be exempt hon Income YAK
SEE ID. And b. Il further ,sae.sd. That consul.
OF foreign governments who are not citizens OF tne
imposei BY this act which may be derived nom their
otisIsi smoiunenu. OF from property 10 foCcisn
c%Ountrirs: Presided, That the goyesnHe I'LL, wn -,
emptIon 10 consuls or the United States.
SLC. Ii. And BE- IL further sAaettd, Thai tnote
shall be levied AMI collected for and during tne year
eighteen hundred and seventy -one q tax OF two and
one-half per centum on the amount otAl lnterest OF
coupons paid on bonds or other evidences OF debt Is.
Sny OF The corporations In this section hereipafer
enumerated, AMI on the amount OF all diFidenIs OF
earnings, Income. or gains hereafter declared. Oy any
bank, trust company, savings Institution. lnsuIance
company. railroad company, canal company turh.
pix company, canal navigation company, anhslack'
water company. whenever anu Nncfeve, W. s.me
may be due, Including noa.resiients. whetneI GU
zeus or aliens, and on all undivided prom 8 OF any
such corporation. which nave seS,Tea anu ~ o 1fsn
fund. and every such corporation having paid Inc
tax Is Aforesaid, Is hereby authorized 70 deduet anu
withhold from any payment on account OF interest,
coupons, aud dividends an amount equal TO the tax
Of two and one-half per ccntum on the SAME and
the payment 10 the United states. a. ProvideI Dy
tetest, coupons, and dividends Aforesaid, shall dis.
charge the corporation nom any liability for that
amount ofsaid~ Interest. coupons. or dlvidsnds,e lhimGd
corporations have provided otherwise BY az express
contract: PROVIDED. That the tax upon the dividends
ofinsurance companies shall not be deemed due I'M
III such dividends are payable. either In money or
otherwise; and that the money returned By mutual
insurance companies 70 tnsir pohsE.noiaeis anu the
the deposltors In savings banks or savings lnstitu.
tons. shall not be considered rs dividends, and that
when any dividend Is made or inierest as aforesaid
Is paid, which includes any part OF the surplus or
contingent fund OF any corporation which has been
assessed and The tsI paid therson: Or when ,, Includes e.
celverl from other corporations whose officers are au-
thohIed BY law 10 withhold . per centun on the
the surplus or contingent fuTd. and the amount Of
tax which has been withheld and paid on dividends:
interest, or coupons 80 received, may be deducted
SEC. Ie. A~d b Il Jnrthr snaetsd. ThHtevery per.
ann having the care or management OF any corpora
ton llSbIs to Se taxed nnae, t1s va. precsalnS sse.
ant assessor OF the district In which such person has
his onlce for conducting the BUSINESS OF such eorpor-
Ing that in which any dividends or sunis OF m"ney
become due or payable as Aforesaid, a true and com.
pletc return, In such form, o.. the Commissioner oi
Internal Revenue may prescribe, OF the amount Of
income AMI PROFITS and Of taxes rs aforcsali; and
there shall DO annexed thereto q declaration or the
under oath, that the same contains a true and COM.
plete account OF the income and profits and Of taxes
as aforesaid. And for any default In the making or
ncxcd, tie eorporationI 20 in default shall forfeit, as a
penalty. the sum OF one thousand dollars; AMI In
case OF any default In making or rendering said re-
required, or or any part thereof. the assessment and
collection Of the tax and penalty shall be In accord
ancc with the general provisions o flaw In other cases
SEC. il. And Be- q further enacted. That sections
ono hundred and twenty. one hundred and twenty;
I OuNt ollC huNIulNN oHA WV ohA SNN eNNAhN
and twenty.three or the act OF June thirty, eighteen
hundred and slxty-four, entitled A act TO provide
Internal revenue to support the government, to paw
Interest on the public debt, and for other purposes,
as amended by the act OF July thirteen, eighteen
hundred and ~sixtysix. and the act Of March two,
TO inipose the taxes therein mentioned 10 tho nrst
day Of August, eighteen hundred and seventy, but
after that date no further taxes IhAll be levied or as.
sessed under said sections; and all acts and parts OF
acts relating N the taxes herein repealed, and that
all the provisions Of said acts. shall continue 10 full
force fDt lcvytnX and collecting all taxes properly as
seseed or liable TO b assessed, or accruing under the
provisions OF former acts, or drawback. the night to
which has already accrued or which may hereafter
accrue under aid acts. md for maintaining and con.
tlnuing liens, zines. penalties, and forfeitures Incurred
under and by virtue thereof And this act shall not
be construed 10 AFFECT any act done, right accrued. or
panalty incurred under former acts, but evory such
right Is hereby saved. And for carrying out and
commenced or that may be commenced 10 enforce
such nnUs, penalties. and foreiturcs. or criminal pro- |
ceedings under said acts, and for the pnnishment OF
crimeso Of which any party shall b or has hsen found
guilty. |
with each other, two or mere adjoining collection
Districts, whenever In his opinion 10 will reduce the
expenses OF collecting the internal revenue, without
impalring the efficiency OF the ssrvies and there |
upon shall retain hut one collector and one asses.or
Tor such enlarged d!s.Iist: ARa The Prs.idsni ~ I: also
cietlon. any Two or more adjoining supervision dis
trlcts, and TO retain or appoint one supervisor for
such consolidated district.
SEC. ~. AHd bs IL further ssasisd, That As soon
a. practicable aftsr the pasasge OF this act the mum.
Der OF assistant assessors employed shall be perma-
clSu who are assigned specially 70 the assessment Of
any taxes which shnll have been abolished nv law