Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-12-02

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may % situsted, % me end that ne Legtil.tures q
BOO q fPubnc-No. lA.]
AN ACT to reduce Internal taxes. and for other
fT purposes. "A
Approved. July u. 1870.
Belt ssaetsd b. the Senate asd Honse Of Rspreseuta-
ti,e. e iss Usifsd sets. q A~sr'ea "a e0.Or'''
That on and afer tho INST day OF May. eighteen
hundred and sevsntyone, the special taxes imposed
By ths sosehty:ulnh eectien Of !hs act entitled AN
sSnmspt. 10 pay interest on the public debt. and Tor
othur purposes" approved June thirty, eighteen
hnndrsl snd sixry;toaf, . smeedsd Sy us sssiScn nine
eigetsen hundred and slxtySlx, and as amended by
ssstiou two % the internal revenue act approved
March two. EIGHTEEN sundrsi and i,t{Ssysn oeI
not be held to repeal or " any way anect tne special
tax on brewers imposed by said section. or the spec
i s,ss,sss SnppSssd and sistyeisst, endtIsd AM ei
~in,posins taxes on Distilled spirits and tobacco, and
for other purposes" OF the acts amcndstory thereof
SEc. .. dsd BE- " Jarthfr enacted, That on and
a0er the nrst day OF October. eighteen hundred and
seventy, the several taxes on saIes Imposed by the
internal revenue laws now In force, saying and exc
cepting such taxes on sales ~ arc by existing law
paid by stamps. aud the taxes on sales Of lsaf tobac.
60. ~nunctu tobacco, snpn. cigars. foreign and
domestic distilled spirits, and wines, imposed ~ SAID
act, approved July twenty. eighteen hundred AMI
sixty-elght. and acts amcndatory thereof, b.. aid the
same aTo hereby, repealed.
SEC. ). Asd b i further eraeted. That on and
afer the nrst day OF October, eighteen hundred and
seventy. the taxes imposed BY the Internal revenue
laws, now In force. herein specified. be, and the ZANE
are hereby. repealed, pSme'y on si sna NV, W sS am Ia.,s.
cics and succsssions; on PASSPORTS anu OH gross -
ccipts. ~
the first day OfOStobcr eighteen hundred and seventy,
the stamp tax imposed In schedule b on pronihSory
notes for q less sum than one hundred dollars, anuOn
any debt, and the stamp tax Imposed In schedule Z,
on canned and preserved tsh, be. and the SAME are
hereby. repealed. And no stamp shal be re9nirsd
upon the transfer or assignment OF . mortgaEe, where
Il or the instrument II secures has been once duly
stamped. And the proprietor or prop,iesors q ar
or theIr own die or design for stamps TO By used es,
peclaiiy for his or their own proprietary articles. shall
30 allowed the following commissions, namely; on
dollars nor morethan nys hundred dollar, hys per
centnm; and On amounts over nve hundred dollars,
ten per e.nsum on the C stlc,soa an %s.rs purs I'm Il.
gars lights. and wax tapers, may DC remoSel uoIn
tic place Of manufacture for export to u foreign
country without payment Of nS; Or amx = ~ s.e ea,p.
missioner Of Internal Revenue may prescribes AM
ali provisions ofexisting laws incondstent herewith
Src. 5. Asd Ss Il J.rtAer ssaetsd. That section
one hundred and any eight Of the act entitled An
sSnment' TO nav interest," on the public debt. and for
other purposes" approved July thirty. eighteen
hundred and sixty.four. as amended BY section nlile
Of the Internal revenue act. approved July thlrtecn,
| eighteen hundred and slxty-siS, be, and ID hereby,
| amended by striking out the words my u9llars
In the second p!Yviso, and inserting IA heG sny,xU,
unpaid. but In no case less than i've dollars" slso
| BY striking out tho words ..sixty.siS" In the thirI
g@toylso. and inserting g IN .l lieu os ,s sSs so sas .. SStSs
sevsL' m the last D,oSi.S, and inserting IN lieu 'hefsS
src. q. IaSbs Il further enacted, That here shall
be ieviel and collected annually, as hereinafter pro-
vided, for the years eighteen hundred and seventy
tax Q 1.-Two and one-half per eentum upon the gains
profits, and income Of every person resialns " ,ne
United States. and Of every citizen OF tho Onitei
| States residing abroad, derived nom any source
| whatever, whether within or without the United
States, except IS hereinafter provided, and q Lke TAX
annually upon the gains. profit, snd ineons uG an n
The United States by any person reSIlnS, Hpnaut
the United States. and not = citizen thereof, otironi
nS ssy person residing without the United States,
ami not . CITIZEN thereoL "
SIC. !. AHd DO % luthr Enacted: That IN est.
mating the gains, proiiI, and income OF any person.
there shall 10 Included al Income derived from any
Kind OF property, rents, interost received or accrued
upon ss ~ nStss: SS SssItS I'm int ra.s vSctSsr psid Or M
fgo6d and cOllectablc. interest upon notes, ool!dS
or other securities OF the United States, aud me
amount OF all premium OIL gold ana coupons; thS
gains, profits. and Income ofany business. profession,
Iraie' employment. ONCE, or vocation; Including
any amount Tsseiyed a. saiasy OK o,h my u sTvsss ~ ihe
United States, or as senator, representative or dele
gate In Congress: except that portion thereof rom
Ehich, under authority o. acts Of Congress previous
hereto, q tax Of i've per eentum shall have been
withheld, tho share Of any pcrson OF the Ealiis and
profits, whether divided or not, Of all companies o.
rom any corporations whose odlssis, - authorized
by law. withhold any paw a. taxes Aper ccnlpnl =,
the dividends made. and ofintcrest or coupons paw
Sy such Corporations; profits realized Within the
year from sales OF real estate purchased within twS
years previous TO She year lor SaiSn income isrsn;
wool, butter, chsssa, pork, beet, mutton, or otirs
meats, hay and xrain. ftuits, yesatteles, gs 9tlsr w,
duetsons oeinx the grGwia o. pfo onv r, ett ,Ss sssfs coS.
sumed directly by the family; AMI all other gains.
pronts, anil Income drawn FROM any source whatever
hut not Including the rrntal value OF the homestead
a; ssr q s o< Sss T. e . .%i s' ssaeis a Il Tss. military or
Of the United States. and the sum Of two thousand
dollars OF tho gains. profits, and Income OF any pr
son. shall Be exempt from S'd d ,nSon nn. . ',,siu9 ~
ton OI twS tIQrslnd dollars shall be made ron tns
aggregate Income Of s,l the uiembers Of any family
minor children. or Of husband and wiis but yhen .
wife has by law q separate Income. ocyQnu tns COZ.
,rl 81 her HUSBAND; AM Is h \ ,Ss seS % ~ sd si ROM nPSs st
Income, gains, and profits; and guardians AMI ,trus.
fees shall be allowed 10 make the deduction In iaHor
! uf EACH wlru or OcntnCldfy tACtpt tuht " teHV W
Is,o or more wards or bcnehclsrles Comprised IN one
family having joint property Interest, 9nly ono Ge-
durtion shaii b. nisdn In their favor. For the pur,
nose OF aliowlngs said deduction from the Income Of
ANY religious or social community talilng all their
nroperty and the income therefrum jointly AL ~
sSs,sty. and any remaining fractional umbrr Of
such persons less than i've over such gtoups
Of aye. shall be held to constitute a n san
Shall be sIiSysI for each OF Sid families.
Any taxes oil the ilcopiss. gains, and prontso u such
societies. now due and unpaid, shal Os ssSs ,Ss, e ,Ia
,Ieiuctlon shall be only one thousand dolAJs for any
year prior TO eighteen hundred and seventy, a,
,,S nj 10 The s Exemptions provided in the preceding
section, thssa shall DO dedueped from the galns,
profits, and incoals OF any psrson al national; State.
YEAR whether such be cwSsr, tenant. or mortGager;
ali Ills losses actually Sustained during the year
,5,s. q. irG% 5. i,ss: :,s sSSdii saal g e. aSS1 Il h Issat 81, e1 X
clu,ling all estimated depreciation q values tne
amount OF interest paid during INC year. anu
,Ee amount IsnS p Isid 10 'O sou rsne al any i'V other busi.
ness nom ShIch Income II derived; the amount
paid for The rent o. Ne house Or %prs.IiSs. sSsaPle ea
amount paid out for usual and ordinary repairs. No
deduction shall he msls for any amount PAID out lot
new buildings, PsIinsnsnt mnp w ~ "nx nSnnertv or
sE. 10, Asd Is q further ..aet.d That the tax
the t6irty-n day Of psprp' Dor nsSt brpeodins the
titne for lcyying and collecting sail tax, aud shall
he ievieL on the nrst day Of March. ~elgctron hundred
and s.yeuty-One and eighteen. hundred and seventy
two. and be due and payable on or before, the thlrtlcth
day OF April In each OF said years. AMI In addition
To any SUN annually due ami unpaid alter tho thlr-
tieth day OF April, and for, ten days amer not leo aud
demand thereofby the collector. thcre shall be lowed
and collected, as q penalty, the sum OF nvc per cent.
UNI on the amount unpaid. and Interest on said
amount ut the rate Of ono per centuin pei. month
from the time the same became due. except from the
estates ofdeceaseL, insane, " insolvcnt persons a.,
SIC, II. Aad b i further enaefsd. That IL shall
he the duty OF every person OF lawful age, whose
SrGsI INCOME during tbs preceding year exeeeied
Two tbGusald dollars, TO make and render . return
on or before the day deslgusted by law, to the assist
ant assessor Of the djstrjct W which he resides o. the
gross amount VI bis i9copls, gslnsi Rnd .pfaLE "
Aforesaid; but not including the qinount received
frGm any corporation whose officers, ~ authorized
by law, withhold and pay ~ taxesa per ccntuniot me
dIyii,ids made and OF the interest on coupons paid
by such corporation, nor that portion Of the salary or
nay rrcslSei, Dor services In the civil, military, naval,
or other service Of tho United States, or - senator,
representative, or delegate In Congress, n9M ThlpP
tax has been deducted, nor tho wares OF minor CHILD
rrn not received: and svory guardian AMI trustee,
executor or administrator. and any person actlnx
In any other nduciAry capacity; or asa resldent sSent
for, or copartner Of any NONRESIDENT alien. ueIlSlng
income, gains, and PROFITS nom any business. trade,
or profession carried on In the United States, or rom
rents Of real estate situated therein. shall make AMI
render q return As Aforesaid to the assistant assessor
rthe district In which lie resides OF the amount OF
income. gains and prontx OF any minor OF person iot