Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-11
LAWS OF rHs UNITED STATES.

amount OF interest," pau mn inhor To- cul.
tiyats land. or 70 cohruct any other ous,,
ness from which income Is derived. tne nu"nied
paid for the rent or the house or premises ocCupmn
A. a rc,idcnce for himself or his family, and We
amount paid out for usual AMI ordinary repaiIs: ~
deduction shall he made for any nniount . y. hst,cr.
new buildings, permanent improvements. ~ De,..,.
ments made TO increase the value OF any property u
estate. r,,., ,,. t.r
herrinbeiore provided shall be assessed upon inc
gains, profits, and Income for the year enhins M
the thirty-nnt day OF December next preeeai'G "
be levied on the nrst day OF March. ~eigetecn hundred
and sevcnty-one and eighteen hundred anu seven.y.
two. and be due and payable on or Deiore' nc Hhtt,Ion
to ans sum annually due AMI unpaid aner the thlfs
tieth day OF April, and for ten days AFTER notles nna
demand t~here0fby the collector, there snail De Ier:er
and collected, rs a penalty, the sum Of hre per ecit,
um OIL tue amount unpaid, and Interest on snlu
amount at the rate OF one per centum per nlonIn
from the time the same became due, except Iom JUG
estates OF deceased, insane, Or i~nsolrent persons,
! SEC. ii. And De- 70 further enacted. That II shall
be the duty Of every person OF wIul age, whose
gross income during tho preceding year eNess,sa
on or before the day designated BY law. TO the Assist.
ant AsscssOr OF the district In which he rctlues ol tue
gross amount Of hi, Income. gains; snG pr rocs,vs ~
from any corporation whose officers, Ms Autnoii.sa
by law, withhold aud pay as taxcsa per centumo OF tns
dividends made aud OF the interest on coupons pnld
By such corporation, nor TINT portion or the salary %
pay received, for services IN the civil, military. naval
or other service 0f the United States, or as senatpI.
representative, or delegate In Congress, from when
tax has been deducted, nor the wages OF minor Chilli
rem not received: and every guardian ana trustee.
executor or administrator. and any person hcllIs
In any other ilduClary capacity; or asa resident aeSht
for, or c~opartiero OF, any nonresident allyn. deriving
income, gains. and profits from, any business. rnus,
or profession carried on In the Unl.ed states. or lfoni
rents Of real estate situated therein, shall make anu
render A return M Aforesaid TO the assStant Assessor
Of the district In which lie resides Of the amount OF
Income. gains AMI profits Of any minor or PSFSo onr ipr
every such return to he verified by the oath Of tue
party rendering II, and may lncreas. the amount Oh
any return, after notice TO such parry, u ne mas
reason TO believe that the same Il understatsd. In
case any person having q srUss Income az above. OF
two thousand dollars or more, shall negleSt or lslusc
to make and render sucli return. or shal renhel =
false or fraudulent return, the asses CT rthc h,slsiant
assessor shall make snch return, according OthcDest
information be canObiain hy the examination Oh saiu
person. or Of HIS books or accounts, or by any OthrI
evidence, and shall aid. ns q penalty, 10 me amount
OF the tax due thereon. my per ccntunl IN az cases
Of wIlful neglect o. refusal To make aud Ichder arc
turn. and one hundred per centnnl IN all cases 81 a
false or fraudulent return having been rendered.; Inc
tax aud the addition thereto as penalty snali pe o.,
scsscd and collected In the manner proNlneh IoI III
cases or wlIlfil neglect or refusal 70 render q return,
or n rendering q false or fraudulent return. but ~
penalty shall be assessed upon any pTs spson, ,pI \ ral.n
or fraudulent return. except after reasonable no,iSe
orthc time and place ofhearlnG, IN be regulated py tne
Commissioner q lnternri KsT wen Z 81 " ~ Is%S Pro-
ridsd. That no collector. deputy collector, assrssol, oI
a,sIstant ussehs0r shall permit 10 be publlsned mah2
manner such income returns. or amy pait tns'eSi,
rSecpt such general statistics. not specifying the
names OF individuals or firms. as he ma MAKE puone
under such rules aud regulation as me e'mh'sS''"'
or Of Internal Revenue shall prcscrlDr
SIC. IL. AHd6 be u further enacted. That when the
return OF any person Is Increased By the assistant ~.
SCISSOR, such person may exhibit his BOOKS ana AZ
counts and be- permitted TO prove and declare, under
oath, the amount Of Income liable 70 DC asN,sscn;
hut such oath and evidence shall not De conclusive
ofthc facts, and no deductions elalnlel III sh.n caseS
| shalj be allowed until approved by the assistant a.
sessor. Any person may appeal from the decision
OF the assistant assessor. In such cases, 10 tnc nNsess'
| or OF the district, and his decision thereon, lniesh1
yersel BY the Commissioned Of Internal Revenue
shall be mail. The form. time. and mannero pro-
cecdings. shall be subject to rsguiaIlohs 20 oe pre-
scribcd by the Commissioner OF Internal Revenue
SEr. rs. And be IL further sHdcted, That any per.
son. IN his own behalf. or as such ~iidnclaIy or agent
shall be permitted TO declare, under oath. tna' ne.
or nj, ward, beneficiary, or principal, was NOT pos
sessrsi OF All income OF Two thousand dollars. liable
to be assessed according to the provisions OF tls act;
or may declare that an Income TAX mas n'sn asSrnorI
and paid elsewhere IN the same year. under althorl,
~ Ofthr United States. upon his Income, gains, IN"
profits, or those Of his ward. beneficiary. or ptlhel'
Pal; A. rc!glrsd by law; ;I anh u ' e.. S sssIapa.isn, such
person shall thcrenpon be exempt nom ihcoHic 'aN
In the said district. r, ,,x,,.
NJ foreign governments who arc not citizens OF the
| United State. shall be exempt from any income ,aN
| Imposed by this act which may bcderived ron tnelr
| Orncial emolumcnts, or from property IN iOIrisn
countrirs: Prorided. That ths governments whlsh
| such c0nsuls may represent shall extend slllillar IN
| emption TO consuis OF the United states ,L., ,,,-.
SIc, Is, AHd be IL further endcfed, Ihht wv.
shall be levied and collected for and during tne yraI
eighteen hundred aud scycnty-onc . LAY o. TWO anu
oue-half per crntum on the amount OF NIL lnteIeNl VI
coupons paid on bonds or other evidences Of DEBT ~.
sued and payable In one or more years after untc, ny
any Of the corporations IN TINS sect,on heIelns''r,
enumerated, AMI on the amount OF an niSln'hus y,
earnings. Income, or gains hereafter declared. by any
bank, trust COMPANY. savings Institution, Insurance
company, railroad company, canal company, ,uIn'
nike company, canal navigation company, anu s'aCh
water company, whenever and wherever the same
shal.b be payable. and to Whatsoever person imc MILL
may he due, Including n"n.rs;iiS,is' mne.ne ~ sn ~
such CORPORATION, which have accrued ahu peen
Earned and added TO any surplus, contingent or o'her
mnd, and every snSn SoipU n,inpI,ed 10 Sciact and
withhold FROM my payment on account OF interest,
coupons, and dividends All amount equal To tue Tax
Of and Onc-inlf per ccntunl on The same anu
the payment to the United States. as provided by
law OF the amount OF tax 10 deducted from the IN
trrest, coupons. and dividends aforesaid. shall DIS.
charge tho corporation from any liability Tor thai
amount OF saidlntrres coupons or dividends claimed
a. due TO any person. except In cases where sald
corporatioTs h,yc provided otnSr%i s", ~ ~ a y, r riHHn,efis
ofiusurancc companies shall not hc deemed due uli.
III such dividends are payable. either 10 money or
Insurance companies to their policy.holdcrs, and the
annual or scmi.annual Interest allowed or palI 70
the depositors In savings banks or savings nls,,,u;
when any dividend r made or Interest AZ aforesaid
Is paid, which includes any part OF the surplus or
contingent fund Of any corporation WINCH nHS.h I ,ns, men =
any part OF the dividends. Interest or coupons ~
ceivel from other corporations whose officers areHt.
thorlIpd BY law TO withhold u per centun on the
same. the amount OF tax so paid on that portion Of
the surplus or contingent fund. and ils amount OF
tax which has been withheld and paid on dividends:
f fIo% H. t ar S SSu sneh di T IcreIt or interest aST;
SIC. ID. And b. IL further enacted. ThAtevcry per
son having the care or management oil any corpora
ton liable TO BE- taxed under the last preceding scc'
lion. shall make and render to the assessor or assist
ant nssr>sor VI the district In which such person has
his office for conducting the businss.o OF such corpor
alton, on or before the tenth day Of the month follow
Ing that In which any dividends or sums OF money
become due or payable as Aforesaid. a true and com
plctc return. IN such form as the commissioner o.
Internal llcvrnne may prescribe. OF the anloui' o.
Income and profits and or taxes az Aforesaid; and
there shall be annexed thereto . declaration OF the
president, cashier, or treasurer OF ths SorpoTa.I"n.
plcte account OF the Income aud profits and Of taxes
as Aforesaid. And for any default In the making or
nrxcd. the corporation 10 IN default shall forfeit, rs q
penalty, tho sum Of ono thousand dollars; and IN
case 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. tho assessment and
| collection Of the tax aud penalty shall be In acconi'
ance with the general provisions OF law In othercases
SEE. il. And De Il further enacted. That sections
one hundred and twenty. one hundred and twenty;
one. one hundred and twenty-five; ana Ion one IIHhaasn
hundred and sIxty.four. entitled 4 act 10 provide
internal revenue TO support the government, 10 pay
Interest on the public debt. and LOT other purpnss,
hundred and ~sixty-slx. and the act o. March 1--WE;
eighteen hundred and sixty-sevcI. shall be co!lstruei
| 10 impose the taxes therein mentioned TO tue nrst
day OF August, eighteen hundred and seventy, but
after that date no further taxes Shall NC lefi'd oI as
.rsscd under salh sections: and all acts and parts oi
acts relating TO the taxes herein repealed. aud ihnt
ali the provisions OF said acts, shall continue IN nlI
force FOR levying and collecting all taxes properly as
.a-gaA or alba N hN WERnSfAl. 0F lcCrtIng uIurT Iup
provisions OF former acts. or drawbacks. the right TO
which has already accrued or which may hereafter
accrue under said acts. and for maintaining ana con.
tInulng liens, nncs, penalties. and forfeltures Incurred
under ami BY virtue thereof And this act shall not
be construed 10 affect any act done. right accrued. or
penalty Incurred under former acts, but every slch
fight Is hereby saved. And for carrying out and
completing all proceedings which have been already
commenced or that may 10 commence TO- enforce
ceedIngs under said acts, and for the punishment OF
crimrso Of which any party shall be or has been found
guilty. ~
idcnt Is hereby authorized TO annex to, and unite
with each other. two or more adjoining collection
districts, whenever In his opinion II will reduce the
expenses OF collecting the Internal revenue, without
impalring the efficiency OF the service, and there
upon shall retain but one collector and one assessor
FOR such enla rKed district. And the President n also
cietlon. any two or more adjoining supervisors dis
trIcts, and 70 retain or appoint ono supervisor for
such consolidated district.
SIC. 10. !dHd BE- u further enact ed, That as soon
a. practicable alter the passage OF this act the num-
Der OF assistant AsscSsors employed shall he pcrma.
nently reduced by the discharge OF all officers OF that
class who are asslgncd specially 10 the assessment OF
any taxes which shall have been abolished by law;
required further TO reduce the number OF assistant
sSsasSOry in PROPORTION 10 any reduction NJ Tho ser.