Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-10

LAWS OF THE UNITED STATES.

tivAte land, or to coniuct any other ouG'
paid for The rent OF the house or premises occupied
as . residence for himself or his family. and The
amount paid out for usual and ordinary repairs. NC
deduction shall be made for any amount paid out Tor
new buildings, permanent improvements. or better.
ments made to increase the value OF any property OF
estate.
SIC, 10. And be Il further enacted, That the tax
hcreinbefore provided shall be assessed upon the
gains, profits. and income fr the year ending on
the thirty-trst day or December next preceding the
b. levied on Inc nst day Of March, eIseteen hundred
and seventy-one and eighteen hundred and seventy
two. and be due and payable on or before, the thirtieth
day or April In each OF said years. And In addition
TO any sum annually due and unpaid after the thir
tIrth day ofApftl. and for ten days after notice and
demand there0lby the collector. there shall be levied
um on the amount unpaid, and interest on said
| amount ut tho rate OF one per. centum per month
from the time the same became due. except from the
SEC. II. And be Il further enacted. That It shall
be the duty Of every person OF lawful age. whose
gross income during the preceding year exceeded
two thousand 40 dollar, 70 maze axe ana I. ,snd ie ,S a I s..I.i.
ant assessor OF the district In which he resides OF the
gross amount OF his income. gains. and pronts as
aforesaid but not including the amount received
from any corporation whose officers, as authorized
by law. withhold and pay as taSesa per centrum OF me
dividends made and OF the interest on coupons paid
by such corporation, nor that portion or the salary or
pay received, for services In the civil. military. naval,
or other service o! the United States, or as senator.
representative. or delegate IN Congress- roin whien
tax has been deducted, por the wages or minor child
rem not received; and every guardian and trustee.
executor or administrator, and any person acting
In any other hduciary capacity; or as resident agent
for, or c%opartncr OF, any nonresident allen, deriving
Income, gains, and proiits from any business, trade,
or profession carried on In the United States. or from
rents OF real estate situated therein. shall make and
render a return US Aforesaid 10 the assistant assessor
OF the district In which he resides OF the amount OF
Income, gains and profits Of any minor or person ior
whom he acts. The assistant assessor shail require
1850 .,,eh at,tro IN ha voFInRI nv the oath Of the
party rendering II, and may Increase the amount Of
any return, after notice to such party, " ne mas
reason to believe that the same IL understated. In
case any person having a gross income ~ above, OF
two thousand dollars or more, shall neglect or reIuse
TO make and render such return. or shall render a
ialse or fraudulent return, the assessor or the assistant
asssesOr shall make such return. According zine Ocst
orma he can obtain BY the examination oisald
person, OF OF his books or accounts, or by any olnet
evidence, and shall add, as q penalty, 10 the amount
Of the tax due thereon. hfty per ccntun IN al cases
Of wIllnl neglect o. refusal TO make and render q re-
turn. and one hundred per cen,2n ID Sa easfS Tbs
lax and the addition thereto as penalty shall oe as
sessed and collected In the manner provided for IN
or II rendering a false or fraudulent return. But no
penalty shall be assessed upon any person ior such
neglect or refusal, or 70: making or rendering a laSe
or fraudulent return, except after reasonable notice
OIthe time and place ofhearing, TO be regulated oytne
Commissioner OF lnterntl Revenue, so as 10 slSc the
person charged an opportunity TO be heard; !To.
rided, That no collector, deputy collector, assessor, OF
assistant assessor shall permit TO be published IN any
manner such Income returns. or any part thereof,
except such general statistics, not specifying tne
names OF individuals or firms. as he may make public
under such rules and regulations as the Commission
or OF Internal Revenue shall prescribe.
SEC. IL. And be Il Jnrther enacted. That when tne
return Of any person Is Increased by the assistant as
SCISSOR. such person may exhibit his BOOKS anu nc
counts and bs permitted TO prove and declare, under
oath, the amount Of Income liable 70 DC asseSseu;
but such oath and evidence shall not be conclusive
Of the facts, and no deductions claimed III such cases
shall be allowed until approved by the assistant as
SCISSOR. Any person may appeal from the decision
or the assistant assessor. In such cases. TO the assess
or OF the district, and his decision thereon mnleSsIc'
versed by the Commissioner OF Internal Revenue.
shall be inal. The form. time, and m4nnero OF pro
%ceedin:s. shall be subject to regulations TO be pre-
scrlbcd by the Commissioner Of Internal Revenue.
SEC. Is. And BE- nyurtha enacted, That any PCT
son, in his own behalf. or Us such fductary or agent
hall be permitted to declare. under oath. that me-
or his ward, beneficiary. or principal, was moi POS
sesSed Of an Income OF two thousand dona,s, naoic
or may declare that an Income tax has bcen assessed
and paid elsewhere In the same year, under authorl,
~ oithe United States, upon hs income gap mr,n nSI
pal, as required by law: and n the assistant assessor
shall he satisfied fthe truth OF the declaraush. sucn
person shall thereupon be exempt from Income LAX
SIC. Il. And be IL further enacted, That eon,uis
OF foreign governments who are not cltiLens OF tne
United State. shall be exempt iro:n any income TAX
Imposed by this act which may be deriyei from tnels
orieIal emoIuments, or from property IN iorsiSn
countrirs: Prorided. That the governments %hsSn
W Olih may ~
enlption TO consuls OF the United states.
SIC. Is. And be il further enacted, That there
shall be levied AMI collected for and during the year
eighteen hundred ami scventy-one a tax Of two and
one.half per centum on the amount ran interest," or
coupons paid on bonds or other evidences OF Ieot ~.
sued and PAYABLE In one or more years alter datc, oy
any OF the corporations In this section hereinafter
enumerated, and on the amount OF all DIVIDENDS OF
earnings, Income. or gains hereafter declared, oy ANY
bank, trust company, savings Institution, Insurance
company, railroad company. canal company, turn
pike company. canal navigation company, and SLACK,
water company, whenever ana WneIeve, the SUI
may be due, including non.residents. whetheI, clu-
zens or aliens, and on all undivided pronis OF any
such corporation. which nave aeS,Tca In % n GSen
fund, and every such corporation having paid the
tax rs Aforesaid. Is hereby authorized 10 deduct and
withhold from any payment on account OF Interest,
coupons, and dividends an amount equal TO the tax
OF two and onc.half per ccntnm on the same and
the payment 10 the unitea siaies, az pto.'ueu oy
tcrest. coupons, and dividends Aforesaid, shall dis
| charge the corporation from any liability Tor that
amount ofsa'd% Interest, coupons claimed
as due to any person, except In cases whcrc SAID
cOrpornt!ons have provided otherwise BY an express
contract: Prorided. That the tax upon the dividends
ofinsurance companies shaI, NOT 9e deemea quo nn.
otherwise: and that the money returned by mutual
Insurance companies to their pollcy.holiers and the
annual or senliannual interest allowed or paid to
the depos,tors in savings banks or savings ~instl,u.
| tlOns, shall not BE- considered as d dividends; and that
| when any dividend IL made or Interest as aforesaid
Ia DAHL. WHICH lUCluutS III, phl v ~ VI
contingent fund OF any corporation which has been
assessed anI the tax paid thereon, or which includes
any part of the dividends, Interest or coupons re-
ccivei from other corporations whose Officers area
thorizcd BY law 10 withhold 4 per crntuni on the
| same, the amount OF tax 50 paid on that portion OF
the surplus or contingent innd, ana ihc an,G,int o'
interest, or coupons so received, may be deducted
from the tax on such dividend or interest.
SEc. l6. Hndbeif lIrthr e.aetsd, Inssevery per.
ton liable TO be taxed under the last preceding sec
lion, shall make AMI render 10 the assessor or assist
ant assessor ofthe district In which such person has
his office for conuucting the BUSINESS OF such c0rpor-
alton, on or before the tenth day Of the month follow.
Ing that In which any dividends or sums OF money
plctc return. IN such form as tho Commissioner Of
Internal Revenue may prescribe. OF the amount OF
income and profits and OF taxes IS Aforesaid; and
there shall be annexed thereto, q declaration OF the
president, cashier, or treasurer OF the corporation,
under oath. that the saine contains = true and COM
plcte account OF the income and profits and Of taxes
as Aforesaid. And for any default In the making or
rendering Of such return. with such declaration an
ncxed. the corporations so in default shall forfeit. as a
penalty, tho sum OF one thousand dollars and In
ease Of any default In making or rendering said re-
turn, or OF any default In the payment OF the tax As
required. or Of any part thereof thS nsscssmcn and
ance with the general provisions flaw In other cases
OF neglect and refusal.
SIC. Il. And be IL further enacted. That sections
one hundred and twenty. one hundred and twenty.
one. one hundred and twenty-five. and one hundred
and twcnty-thrcc OF the act OF June thirty. eighteen
nunQTeu anu hlNlN"IOuI. CUtlINu M Z y plONihN
Internal revenue TO support the government, TO pay
interest on the public debt, and for other purposes"
rs amended by the act OF July thirteen, eighteen
hundred and s~ixty-slx. and the act OF March two,
eighteen hundred and sixty.scvcn shall be construed
10 Impose the taxes therein mentioned TO the irSt
day OF August, eighteen hundred and seventy. but
after that date no further taxes shall be levied or as
sesscd under said sections: and all acts and parts OF
acts relating TO the taxes herein repealed. and that
all the provisions OF said acts. shall continue In full
force for lcvylng and collecting all taxes properly as
sesscd or liable TO be assessed, or AccrulnG under the
provisions OF former acts, or drawbacks. the hight 10
which has already accrued or which may hereafter
accrue under said acts. and for maintaining and con.
tinuing liens. lines. penalties, and forfeiturcs Incurred
under amt by virtue thereof. And this act shall not
be construed TO AFFECT any act done, right accrued. or
right Il hereby saved. Aud for carrying out and
completing all proceedings which have been already
commenced or that may be commenced TO enforce
such hnus, penalties, and forfeitures, or criminal pro-
crimes Of which any party shall be or has hcen found
SEC. u. And be Il further enacted, That the Pres.
idcnt Is hereby authorized 10 annex TO. and unite
with each other. two or more adjoining collection
districts, whenever In bis opinion II will reduce the
expenses Of collecting the internal revenue. without
impairing the efficiency OF the service. and there
upon shall retain but one collector and one Assessor
for such enlarged district. And the President Is also
authorized 10 consolidate In ike manner, at his DIS
cIctIon. any two or more adjoining supervisors dis
tricts, and to retain or appoint one supervisor Tor
such consolidated district.
SEC. ~. And Ls Il further esaeied, That az soon
as practicable after tho passage OF this &C! the NUM-
nently reduced by the discharge OF all otficers OF that
class who are assigned specially 70 the assessment OF
any taxes which shall have been abolished BY law;
and the Commissioner OF internal Revenue shall be
required further TO reduce the number Oi assistant
ASSESSORS IN proportion TO any reduction OF the ser
vice Of assessment which has been. made, or may