Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-17
TPuDlIc-NO. Ib1.J :,
AN ACT to reduce Internal taxes, and Tor OH
nurpOSrs.
Approved, July II, 1870.

Be enacted blythe Senate aud Honse q Repre,snta.
tire, ofthe United States Of America IN Con0re''
dssembied ~
That on and after the frst day Of May, eighteen
humIrrL and seventy-onc, the special taxes Imposed
by the scventy-ninth section OF tile act entltieu An
act to provide Internal revenue TO support the gov
| crnnlcnt, TO pay Interest oil the public debt, anu ior
other PURPOSES" approved June thirty, eighteen
hundred airl slxty-fOur, Us amended oy sec,iom n,,e
cIrrtscn hundred and sixty.slx, and as amended by
section two Of tho Internal revenue ACT apptoEcu
| March two. eighteen hundred and slxty-sereh, Oc,
AMI the same are hereby, reDcalcd; but thls act snaI,
NOT be held 10 repeal or In any way affect the special
tax on brewers imposed by said section, or the spec
initaxcS imposed by the act approved July twenty.
| eighteen hundred and slNty-eight. entitled an at
| Imposing taxes on distilled spirits ana TOBACCO, anu
for other purposes" or the acts amendatory thereoi.
SEC. .. And be 10 further enacted. That on and
| after the first day Of October, eighteen hundred Anu
seventy, the several taxes on sales Imposed Dy the
| Internal revenue laws now In force. saving ana eS-
ccpting such taxes on sales az are ny eN,suins Jaw
paid BY stamps, uni the taxes on sales or Leaf tobac.
co, manufactured tobacco. snuii. cigars, lortign ai9
domestic distilled spirits, and wines. Imposed ~ said
| act, approved July twenty. eighteen hundred ana
sixty-cisht. and acts amcndatory thereof. be, and the
same ara hereby. repealed.
SIC. ,. Aud be Il further enacted. That on and
| after the first day OF October, eighteen hundred and
| seventy, the taxes imposed by the Internal revenue
Laws, now IN force, herein specified, DC, anu the salhe
are hereby. repealed. namely: on articles " sen'n u
A. the special tax OH boats. barges and Hats; on ieKa-
| Giles and successions; OH passports; and on gross re-
ccipts.
SEC. 4. And be il further enacted Thaton aud after
the llTst dAy OfOctObcr eighteen hundred aidscvcuty,
the stamp tax Imposed In schedule u on pr0nllsSory
| notes for 4 less sunt than one hundred dollars, andon
receipts for any sum ofmoncy, or Tor the payIie,t ~
any debt, and the stamp tax Imposed III schedule Z.
| ON canned and preserved llsh, be, ana the same arc
hereby, repealed. And no stamp shall be required
upon the transfer or as,ignnnsns !, \. J h O,sEa Srcc " Univ
| stamped. And the proprietor or, proprietor Of ar
tlclrs named In said scheduled, WIN shall furnish MS
or their own lie or design for stamps to be used c,
necIally for Inf, or their own proprietary articles, shall
be allowed the following commissions, namely: un
amounts purchased at one time oi not iess tian MY
dollars nor more than rvc hundred dollars, five per
ccntum; AMI Oh amounts over five hundred uolsrs,
ten per crntum Oh the whole amount purchased
Irorided, That lueitcr or friction hla rSn,sxs aI rom -,
the place OF manufacture for export 10 a foreign
| country without payment OF tax, or a11xlng stamps
| thereto. under such rules and regniatlonsa a. the Com,
missioner Of Internal Revenue may p~rcscribe; and
all provisions ofexisting laws inconsistent herewith
nrc hereby repealed.
SIC. 3. And be u further enacted, That section
| one hundred and t~fy-clglt Of the act entitled An
act TO provide internal revenue TO support the gov
crnmcnt. TO pay Interest on the public debt, and for
other purposes" approved July thirty, eighteen
hundred and sIxty.four, IN amended by section nine
| OF the internal revenue act, approved July thirteen.
eighteen hundred and s%iSty-six, be. and Is hereby,
| amended by striking out the words any dollars
In the second proviso, and inserting In lieu thereof
the following: double the amout Of tax remaining
by Striking out the words "sIxty.six" In the third
proviso. and Inserting In lieu thereof the words
'seventy One also, by striking out the words sixty.
sevci.' In the last proviso. and Inserting In lieu there
Of The words "scveIIty-two.'
SEC. G. And be IL further enacted, That here shall
be levied and collected annually, rs hereinafter pro-
vlded, for the years eighteen hundred and seventy
and eighteen hundred seventy-onc. and no longer
tax OF two and onelialf per centunl upon. the gains
profits. and Income Of 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 the United
States, except as hereinafter provided, and o lkeu
n.,,,. IN. ,,,np che uripa nFnHfu anH income 1nTlHed
from any business, trade. or profession carried on w
the United States by any person residing Without
rents OF real estate within the United States owned
by any person residing without the United States.
and not a Citizen thereof, g.
Src. 7. And be u .Iurther. enacted: That In est.
mating The gains, profits, and Income or any person,
there shall DO included all income derived rom any
kind Of property, rents. interest received or accrued
OF indebtcdness SeSrins Interest. whether paid or not
II good AMI cOllectable. Interest upon notes, pohds.
or other securities 81 the SniteI Statss, anu III ~
gains. profits. and Income ofany business. PROCESSION,
trade. employment, Office, or yocauoni lneiuaing
The civil. military, naval, or other service OF the
United states, or rs senator, representative or dele
gate IN Congress except that P9TiiO O sn0r vpay ri0m
hereto, a tax Of i've per centrum shall have been
Withheld. the share OF any person Of the gains and
Partnerships, but not Including the amount received
from any corporations whose officers, AS AUTHORIZED
by law, Withhold any pay as taxes u pei Cehtum y.
tic dividends made. and OF interest or coupons paid
by such corporations; profits realized within thr
wear nom sales Of real estate purchased within TWO
wears previous to the year for which Income Is csuE
mated. the amount Of sales OF live stock, sugar,
wool, butter, cheese. pork, beef, mutton, or other
meats. hay and grain, fruits, vegetables. OF other pro-
ductl0ns, being the growth or produce ofthe estate of
such person, but not Including any part thereof con-
suineA directly by the family; aud all other gains,
profits, and income drawn from any source whatever,
but moi Including the rental value Of tho homestead
used or occupied by any person. or by his family.
SEC. 4. Avid be u farther enacted. That military or
naval ~nensions allowed t0any person under the.laws
OF the United States, and the sum OF two thousand
dollars OF the gains, profltk, and Income OF any per
son, shall BE- exempt from said Income TAX, I'D
the manner hereinafter provided. Only one dednc-
ton Of two thousand dollars shall be made from the
aggregate income Of all the members Of any family
composed OF one or both parents and one or more
minor children. or o. husballd and wlfe: but when q
wife has by law q separate income, beyond the con.
tsol Of her husband. and Is living separate and apart
Income. gains, and profits; and Guardians and trus
slull be allowed TO make the deduction In favor
each ward or beneficiary except that In case OF
or moro warls or beneiiciaries Comprised IN one
family, having Joint property intere't, 9niy one De
nose Of allowing said deduction from tho income OF
sn,rcllgtuus or social community holding all their
property and the income theretrom Jointly and In
common, each five OF the pcr.onl conRosing such
and any remaining fractional number Of
ave, shall be held TO constitute q family.
and a deduction Of two thousand dollars
Shall be allowed for each Of nid families, {
Ans taxes on the incomes. gains, and pronho Of such
societies. now due and unpaid. shall be aAsessed and I
snail be only one thoussnd dollars FOR any {
prior TO eighteen hundred and seventy. {
SIC. 9. And b 10 further enacted. That IN add. ]