Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-10
fPublic-So. l6i.l
AN ACT 10 reduce internal taxes. and for other
purposes.
Approved. July Is. 1870.

Bel enacted blythe Senate and HOnis q Rsprs,snta.
tirss oIthe United Sata Of America IN Co'0re'
assembled
That on and after the nrst day Of May. slShteen
hundred and scventy-one. the special taxes Imposed
BY the seventy.ninth section OF the act entitled an
act 10 provide internal revenue TO support the gov
other purposes" approved June thirty. eighteen
hundred and slXty-iOur. as amended by sccuon niue
OF the Internal revenue act approved July Ihiltesn.
eIcrtccn hundred and siXty-siS, and as amended py
\ section two or the Internal revenue. act approved
March two. eighteen hundred and slxty-scven, or;
and the same are hereby. ~rencalcd; but thisact shal;
moi be held 10 repeal or in any way Affect the special
tax on brewers imposed by said section, or the spec
altsxcs imposed by the act approved yn mE !wSp !;
Imposing taxes OIL distilled spirits and TOBACCO, anu
lDother purposes" or the acts amendatory tnereoi'
SIC. ?. And 10 Il further enacted, That On and
after the nrst day or October. eighteen hundred anu
seventy. thc several taxes on sales imposed by the
Internal revenue laws now In force. saving ana e3.
| cepting such taxes OIL sales as are oy eS,stlhs Jaw
uaid BY stamps, AMI the taxes on sales OF ieal ZODIAC
co. Manufactured tobacco. smut. cigars. foreign and
domestic distilled spirits. and wines, imposen oy SAG
net: approved ed ,ly twenty msn1: ,s siSa ,SsIeo eI Ss' and I the
same arc hereby. repealed. .
SEC. J. And be il further enacted, That on and
alter the nrst day otOctooer. elghteen hundIeh anu
seventy, the taxes imposed by the internal revenue
laws, now In force. herein specified. be; and the same
arc hereby, repealed, namely: OH articles IN schcdule
A; the special tax on boats. oarSss ana nay r un eSs.
cclpts.
sye And d. Il further endeted' That on and after
the nrst day ofUctober eighteen hundred andseveuly,
the stamp tax Imposed In schedule IL on promiss0ry
note, Tor a less SUN than one hundred dollars, and on
| receipts for any sum ofmoncy. or for the payment o.
any debt. and the stamp tax imposed ~ seneduie y,
on canned and preserved nsh, be, anu Tue same arr
hereby, repealed. Aud no stamp shall DC required
upon the transfer or assignments OF amorteaSe. whete
II or the instrument Il secures has been onec guy
| tlclrs named In said scheduled {. who shall furnish hls
or their own die or design for stamps TO DC used cs,
| pcclally for his or their own proprietary articles. shhI
Be- allowed the following commissions, namely: Un
amounts purchased at one time OF not less ian hity
dollars nor more than fvo hundred uonars, nEs PEI
centrum: and on amounts over i've hundred dollars,
| ten per cpntum oil the whole amount purchased
| Proridrd, That lucicr or Fiction matches, and q.
| CARS lights. and wax tapcrs, may DO removed IRON
country without payment OF tax, or aniSlns stamps
| thereto, under such rules and rcgniAtionshs the Com,
| missioner Of Internal Revenue may prescribe; anu
ali provisions ofc1ls;ing law inconsistent herewith
| arc hereby repealed.
SIC. 5. And b Il further enacted. That section
one hundred and atty;clsht OF inc act en,iuSa an
ernment. 10 pay interest on the public dcot, anu los
other purposes" approved July thirty, elghteen
| hundred and sixty.four, as amended by section nlhe
| Of thu internal revenue act, approved July thirteen,
eighteen hundred and sixty-six. be. and 10 hereby
amended by striking out the words MY d9lisis
the blowing double the amout OF tax, remaining
unpaid, but in no case less than I'VE do!lars;' also,
BY striking out the words ,slxty;six ~ tnc .ntH
Hscysntr-onc.' also LS stIiking out the words sixty
scycr.' In the last proviso. anu inserting IN lieu thetc-
Of the words "scventy.two."
SEC. G. Andbe Il further enacted. That here sinai
be levied and collected annually, as hereinafter pro-
vidcd. for the years eighteen hundred and seventy
and eighteen hundred scvcnty-onc. and no longef. q
tax 1.-Two and onc-hAlf per ccntum upon the gains
| profits, and income OF every person residing "a the
United States. and OF every citizen OF inc onitea
whatever, whether within or without the United
States, except as hereinafter provided, and a IKE TAX
annually upon the Gains. pron .Ss SnG InS csprIc de ON IN
the United States by any person re1ldlng, WITHOUT
the United States. and not q citizen thereof. orIloh
rents OF real estate within the United states oSnei
by any person residing without the United States.
and not a citi' en- thereof.
SIC. :. Aud be Il further enacted: That In esti.
mating the gains, profits. and income OF any person,
there Shall be Included all income derived from any
kind of property, rents, Interest received or accrued
upon a~llnotes. bonds, ami MORTGAGES. orotnet lorins:
OF indebtedness bearing interest, whether paid or not
II good and co!lectable. interest upon notes. bonds.
or other securities OF the United States, and the
S Snlosn SrS od Sl .p Pdf ineOme OF Pax. TS!s Business an% Profession.
trade; em~pioymsnt. onice, or voestiSn; ,nSieSthg
i The e civil. military naval, Or other service Of the
United States, or ~ senator. representative or dele
gate in Congress: except that poraon thereof ron
hereto, q tax Of 1--we per centum shall have been
withheld, the share OF any person OF the gains anu
profits. whether divided or not, OF all sompanies, v Of
from any corporations whose oficcU, Is authorized
by law, withhold any paw as taxes q per centum OF
the dividends made, and OF interest or coupons PAID
by such corporations: profits realized within the
year from sales OF real estate purchased within TWO
years previous 10 the year for which income Us eau
mated; the amount Of ssles OF live stock, sugar,
wool, butter, cheese, pork, beef, mutton, or other
meats, hay and grain, fruits, vegetables. or othor pro-
ductlons, being the growth or produce oithe 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 ,onsee wnassvSa;
but not Including the rental value OF the homestead
used or occupied by any person, or By his family.
SEC. 8. And BE- 10 further enacted. That military or
naval ncnsions allowed to nny person under the laws
OF the United States. and the sum OF TWO thousand
dollars OF tho gains. PROFITS. and Income OIL. any per
the manner hereinafter provided. Only one deduc-
ton OF two thousand dollars shall be made from INC
aggregate income Of all the members OF any family
composed OF one or both parents Apd one or more
minor children, or or Husband and wife; but Wnen
wife has by law q separate income, beyond the son.
troll ofher husband, and 10 living separate anu ApaIt
from him, such deduction shall then be made1fomh et
tees shall be allowed to mako the deduction 10 iaSo[
Of each ward or beneficiary except that IN esseo,
two or more wards or bcnedciaries comprised IN one
family. having Joint property interest oniy 0ns Ge.
dur tion shall be made In their favor. TOT lnn pua
pose OF allowing said deduction from me moons ~
property and the Income therelrom Jointly anu ~
common. each I've OF the persons Composing sueS
society, and any remaining fractional nomocl ..
such persons less than nve over suen groups
Of ave, shall be held 10 constitute isSny.
and . deduction Of two thousand aonsn
shall be allowed for each OF nMd az sucs
societies. now due and unpaid, shall Be alses,eu .ha
collected according 70 this provision, except teat@e
deductIon Shall Be- only one thousand dolars Iof any