Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-07
fPublc-No. l6.l
AN ACT 10 reduce internal taxes. and for other
purposes.
Approved. July II. 1870.

-
Be IL tnacied blythe Senate and Honse q RePrt,snta.
tiros Qlthe United States o. AMERICA" Io"0'e''
dEseabicd
That on aud after the first day OF May, eighteen
hundred and scventyone, the special taxes inlposca
by the scventy-ninth section OF the act entitled An
act 10 provide internal revenue TO support the gov
ernment. TO pay interest on the public dert, ana loI
other purposes" approved june 'nli.y. NM
Of the Internal revenue act approved July Initiesn:
cigrteen hundred and slxtyslx. and Us amended ny
March two, eighteen hundtei aud sixty-seven, be;
and the same are hereby, renealei; but THIS ACT sQai
not be held TO repeal or ln any way Affect tne spee.sI
Tar on brewers imposed by said section, or the spec
IaItaxcs Imposed by the act approved July twenty.
eighteen hundred and sixty-eight, enutled An aet
imposing taxes on distilled spirits and Tobacco, snS
Tor other purposes" or the acts amendatory tnereoi'
SEC. 2. Avid be il further saacisd. That on and
AFTER the nrst day OF October. eighteen hundred ana
seventy, the several taxes on salas Imposed by the
~,nternal revenue laws now In force. saving and ex.
paid by stamps, and the taxes on sales OF leal tooae,
CO, manufactured tobacco, snuil. cigars, foreign AM
domestic distilled spirits, and wines. lmR D%SSrs eg' s Sna
sxty-elclt, and acts AmcndatOry thereof, be. ana the
SAME ara hereby, repealed. ,- .
SEC. ). Aad b Il further esaeted. That on and
after the first DAY OF October, eighteen hulureh hlIu
seventy, The taxes imposed by The internal revenue
laws, now 10 force. herein specified. be, ann TUG same
arc hereby. repealed, namely: on articles mSeneau!e
A; the special tax on boats. barges AMI Mats; on lega-
Giles and SUGGESTIONS; on passports; and OIL grossre'
ccipts.
the rstdayo fOctobcr eighteen hundred antseyeuty,
the stamp tax Imposed In schedule d on pr0n1issory
notes Iur a less sum than one hundred dollars, aud on
receipts for any sum 0lmSnsy, or lot 'm Is p ssSsauIe G. q
on canned and preserved fsh, be, and the same arc
hereby, repealed. Aud no stamp shall be rcqulrcl
ii or The instrument It secures has been once duly
ticIcs named In said scheduled Z. who shall furnish MS
or their own die or design for stamps 10 be used e..
pecially for his or their own proprietary Articles. shal
be allowed the following commissions, naiheiy; on
amounts purchased at one time or not isM Ian MY
centum; and on amounts over nve hundred dollars.
ten per cAntum OIL tho whole amount purcnasea-
Provided. That lucifer or friction matches. any q.
Rars lights, and wax tapcrs, may be removed from
the place Of manufacture for export 70 . ioreiEn
country without payment OF tax, or amxlng stamps
thereto, under such rules and resniauon sstne .o on,i
all provisions ofcxistlng laws inconsiltent herewith
are hereby repealed:
one hundred and nny-eight OF the act entitled An
act 10 provide internal revenue TO support the gov
eminent, to pay interest on the public debt. and lor
other purposes" approved July thirty. el.nteen
hundred and sixty.four. AZ amended by section nine
OF the internal revenue act, approved July thirteen,
eighteen hundred and s%lxtytix, be. and Is hereby
the iollowin "dou6ie the amout o. tx Remaining
S " e;st, SS; o IN ne ne cas-; .d re: s !.is,y avs sG IN Il. t inSa
proviso, and Inserting In leu thereof the words
'seyenty-oae;'' also. by striking outthe words "sixty.
sevcL" In theta proviso, andinscrting In Leu there
SEC. 6. 1nd6s d jsriktr enacted, That here shall
be levied and collected annually, As hereinafter pro-
vided, for the years eighteen hundred and seventy
and eighteen hunired seyenty0ne, and no longer. q
tax oftwo and one-half per centum upon the gains
profits. aud Income OF every person residing w ths
Sn,!sd s States. and nS-S 81 every ssy,S slti1S SfoS Sl s ms source source
whatever, whether within or without the United
States, except on hereinafter provided. and q nket a
from any business, trade, or profession carrie on 10
the United States by any person rs,lllnS wi.nout
the United States. and not . citizen thereof, orIIoni
rents OF real estate within the United states owned
BY any person residing without tho United states
and not q either thereof, r.,, q, 49,,
SEC. ~ AHd be Il further odeted: That ~ esti'
mating the gains, PROFITS, and income or any person,
there shall be Included ali income derived from any
kind OF property. rents. interest received Or accrued
OF Indebtedness bearing interest, whether paid or not
II good and collectable. interest upon notes, oonua,
or other securities Of the United states, ana the
amount Of all premIum on gold and coupons; lne
Gains, pronts. and income ofany business, profession.
trade employment, once, or vocation; lnciunine
any amount reserved as salary Q, pay lUr sesT Of ~ ~
United States, or AZ senator, representative or dele
gate In Congress. except that portion tncreol Iionl
hereto, a tax or i've per ccntum shall have been
withheld, tho share OF any person % INC Galns anu
paYtnsrships. but not inciudInsths amount received
from any corporations whose Officers, a. authorized
by law, Withhold any pay as taxes per centun o.
the dividends made, aud ofinterest or coupons paid
by such corporations: profits realized within the
year from Salcs ofreal estate purchased within two
years previous " the year for which Income lsesu'
mattel; 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,
iductIons. being the growtho or produce oftne estate OF
such person. but not Including any part thereof con
sumed directly by the family; and all other palms,
profts. and ineome drawn from any source whatesefI
but not including the rental value OF the homestead
'i SEC Il {. Gsa Be- q }a1iiar ssSeisd, that military or
naval nen.ions sllowed t9,ny DersoS under sao ,S sms . n%s
dollars OF the gains, pronts, and Income OF any PEI
son, shall be exempt from said income ts1 10
the manner hereinafter provided. Only one dedue-
aTeregate income OF all the mcmbe OF any mill
composed ofOne or both parents and one or more
minor children, or ofhusband ana VIE; but wnen
wife Ia. by Law = separate z lnSS,nss SsySns VA ~ .S Sort
from him. such deduction shall then be madeIr neI
Income gains, and proits; and guardians and trut
ices EhalI he allowed 70 make the dedneuon W lAfoI
q each wa, ward x ., se y Ssn.S e sIssp eo snas Inc IN one .,
,tiuHtion shall bs made in their favor. For tho pir-
no.e . lallOWing said deduction nom the income o.
pTSpertS and the Income therefrom Jointly md IN
sommon, each 1--WE OF the pcrsons COMPOSING suen
sorJety. and any remaining nacuonA numpcI OF
such person, less than ave over .aSa groTps
ola nse' deduction soT two thousand dollar
shsll Ia allowed for each OF said families.
ANY tsxes on The incomes. gains, md produ OF such
s%ocieties, now due and unpaid. shall pc aiseased AID
ssass.,sn ,s sS.T g ~ e sa oni ps sSSassna e aeSes s ~ my sss
yssr pyiof 10 1ighlesn hundrsd md esyerty.
Z Bfc. D. 1sd1 81 ilsNhW esaetd It4t IN I'D.
ton 70 he s1spptlous proytdsd IN u p~fsosdtns