Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-18
IPNbnC-NO. Ni,l
AN ACT 10 reduce internal taxes. and pr oth'
purposes.
Approved. July u. $50.

Esif enacted Iythe SclGte and Home 9, RePressnta'
Tires oftLe United Sdtes Of America {" to"0re's
/ dssenLied
That on and after the nrst day OF May, eighteen
hundred ami seventy-one, the special taxes imposed
by the scycntyLnInth section of the act entitled An
net 10 provide Internal revenue to support the gov
SITmen,; to pay Interest SpsyoS on 'G GSp pnp tSIr Tso' eighteen
hundred AMI siXty-fOur. as amended by seeuoh hine
Of the internal revenue act approved july .ni.icen.
cigctccu hundred AMI slxty-slN, and IA aillenueh ny
section two OF tho Internal revenue act apprpvci
March two, eighteen hundred and slHty-seHeii, DC,
and the same are hereby, rsnsaieI; I Sns mn ,s cs .n sei
| tax on brewers imposed BY said section, ot tue spec
Ia taxes imposed by the act approved July .TeN..,
Eight con hundred and siNty-cight, entitled An act
impSsins taxes on distilled spirits and tobacco. and
for other purposes" or the acts aniendatory 'herc"i.
SIC. .. Aad be Il further enacted, That on and
after the first day Of ,oetober. eighteen nHnTrI 10 , u
Internal revenue laws now In force, saving ann cN.
ccptiug such taxes ol, sales as arc by eSisllls Jaw
paid By stamps, and the taxes OH sales OF lshi tOOac,
rD. manufactured tobacco, snuff. cigars, iorclgn ana
| domestic distilled spirits. and wines. impOseu .! shla
act, approved July twenty. eighteen hundred anu
sIXty-cisht. aud acts arlendai0ry thcreoi' De' anu TIC
same arc hereby, repealed.
SEC, 7, AId be IL further Enacted, That on ana
after the flrst day OF October. eighteen hhnureI anu
seventy. the taxes Imposed by ihe INTERNAL ic'"mne
| are hereby, repealed, namely: on articles mschenuIe
A; the special tax on boats. barees AMI mats; on lesa-
| Giles and SUGGESTIONS; OH passports; anu on srossfe-
cclp:s.
SIC. 4. And b, Il further enacted Thaton and aftcr
the Inst lIy OfOctObcr eighteen hundred aDdseveuty,
lie stamp tax imposed In schedule Is on prohllssory
notes Tor a less sum than one hundred dollars. AMI on
Trcrip,s for any sum ofmoucy, or for the payment 81
any debt, and the stamp tax Imposed III scneluieS =,
on canned sni preserved tSh, be, anu ihe sanie ars
hereby. rcpealei. Aud no stamp shall be required
upOn the transfer or assignment OF a mortgage, WheIe
IL or the instrument II secures has been once uuly
stamped. And lhe proprietor or OH pt 'TnII IsrS, IL S N,
or their own die or design for stamps to be used cs;
| pccIAlly for his or their own proprietary articles, SNAIL
Sn,omnis purchased Mt one time Of not irss tlan my
dollars nor more than Ave hundred d0llsrs, nSs per
ccntuin ami on amounts over hve hunlrcl uoliais'
ten per crutum Oh the whole amount purchhsed-
prorided, That lucifer or friction matches, anu CT.
gurS lights, AMI wax tapers, may DO remover ITom
the place Of manniactnre iTr eSpos .a, y, ina s,amrs
thereto, under such rules AMI cgnlailUtls as tnr tom,
| missioner Of Internal Revenue may prescribe; am
| all provisions ofexlsting laws Inconsistent h~e"i'h
are hereby repealed.
SEC. 5. Amd be il further enacted, That section
| one hundred and fty-elght OF the act entitled An
act TO provide intcrpal revenue TO support inc gov
other purposes" approved July thirty. eighteen
hundred and siXty-four, as amended by section nlile
OF the internal revenue act, approved July tnltteen,
i eighteen hundred aud slNty-siX, be, and ID Hereby
amended by striking out the words "fly dollars
In the second provIso, aud inserting In lieu Thereof
| the following: double tho amout Of tax remaining
unpaid, but In no case lcss than hvo dollars;" also,
/ by striking out the words "slNty-slN' III tue thlrd
Proyiso. and Inserting IN lieu Thereof re me T ,,I'
scveI." In the last proyiso, and inserting In leuthere'
Of the words 'scventy.two."
SEC. 6. ApdGe Il further enacted, That here shall
| be levied anh collected annually, Us hereinafter pro-
vidcd, for the years eighteen hundred and seventy
and eighteen hundred sevcnty-onc. and no longer. a
tax OF two and onc-half per centum upon the gains
profits, and income OF every person residing ~ me
States residing abroad. derived from any source
whatever. whether Within or without the United
States; s%se 81 H ,ss ss sn,ns nrod ProT nSS Iu Son g deSiv wd
from any business. trade, or profession carried on In
the United states by any persGn reSding Without
rents OF real estate within the United States owned
by any person residing without the United States.
and not q citizen thereof,
SEC. Z. And be Il further. Enacted: That IN est'
| mating the gains, profits, and income or any person,
there shall be Included all Income derived from any
kind Of property, rents. interest received or accrued
uponallnotcs, bonds, and mortrss sSs, o. y rp! nsis ' or noi
II good and cOllectable. Interest upon notes, ponas,
or other securities Of the United States, and tne
| amount OF all premium oil Rold and coupons; the
gains. profits, AMI Income ofHny business. profession,
iruS. employment, Office, or VOCATION; hhciuuing
any amount received Us salary O., pay ior scIvIeesLn
Tho civil. military, naval, or other service OF the
| United States, or As senator, representative or dele.
gate In Congress: except that portion thereon rom
which. under authority Of acts OF ColiGrsss pleSious
hereto, n tax OF Ave per centun shall nave been
Withheld. the share Of any person q the galns AMI
| profits, whether divided or not. OF all companies or
partnerships, uut moi lnciuulhR tuc Aniouht ~
fIom any corporations whose officers, ~ authorized
hy law, withhold any paw as taxes a per centum y!
the dividends made, and OF Interest or coupons pald
by such corporations; profits realized within the
ycar from sales OF real estate purchased within two
wears previous to tho year for which Income Is esti-
mated: the amount OF sales OF live stock, sugar,
wool, butter, cheese, pork, beef. mutton, or Other
meats, hay and grain, fruits, vegetables. or 0ther pro.
auctions, being the growth or produce ofthe estate OF
such person, but g not ~ ins si = amy p PEI d .hsrsT Ss ST'..
profits, and income drawn from any source Whatever,
but not including tho rental value Of me honisaeau
used or occupied by any person. or by his iamiiy.
sEc, Z, And be IL further enacted. That military or
naval ncnsions allowed toany person. under the laws
OF the United States. and the SUN OF TWO thousand
dollars Of tho gains. PROFITS, and Income OF any pei.
son. shall DC exempt from sid d income t Saliprl
lion octwo thousand dollars shall be rnade from ths
aggregate Income Of all the member or any family
composed OF one or both parents and one or more
minor children, or of husband and wlfc; but when q
wife las By law q separate income. beyond the con.
t-oI OF her husband, and Ii living separate and apart
f.0m him,s such deduction shall then bc made from her
income. gains; and pronts; ana a. g taIan,ISrs s in f,yor
Of each ward or beneficiary except that IN CASE OF
Two or more wards or benelciaries conprisedl IN one
family. having joint property interest; only one &c.
,inTilol shall be made IN their favor. For the plr..
nose of allowing said deduction from the income OF
ANY religious or social community holding all their
nr3nerty and the income thereffom Jointly and In
conmon each i've OF the persons composing such
society. and any remaining fractional number OF
such persons less than fyc over such groups
OF I'VE, shall be held to constitute q family.
and a deduction Of two thousand dollars
shall be allowed for each OF said families.
Any taxes on the incomes. gains, and pronts o. such
deiuction snail be only ono thousand dollars for any
resr prior TO eighteen hundred and seventy.
sEc: " And oe nJnrn n,ociIsg n IN prnceSins