Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-05
LAWS OF THE UNITED STATES.

AMOUNT OF. lnteTCNL PAU ulIiith AuO .sNais ~
TIE amount paid Tor rent or labor to cul.
tivAto land, or to conauct any other bus!.
meas from which Income n derivcd; the dinonHi
pald for the rent Of tho house or premises occupied
a. a residence for himself or his family, and tho
amount paid out for usual and ordinary repairs. NO
deduction shall bchlnde for any amount paid out lor
new buildings, permanent Improvements. OF better
nienis made to Increase the value OF any property or
SIC. 10. Ard be q Ia,thg enacted. That the tSx
hereinbtdore provided shall be assessed upon the
gains, profits, aud income for the year ending on
tho tiIirty-frt day OF December next preceding me
time for levying and collecting said tax. AMI shall
believed on the lrst day OF March. elgeteen hundred
and scyenty-one and eighteen hundred and seventy.
two. and be due and payable on or before;the thiI!ieth
day OF April In each o. said years: And In addition
tIeth day Of April and for ten days after notice aud
demand by the collector. there shall bc levied
and collected. az . penalty; the sum OF i've per cent;
amount at the rate or one per centum pcT month
from the time the same became dur, except tCum the
estates Q fdeceascd. insane; or lnsolvGni persons;
be the duty OF every person or lawful age, whose
gross income during the preceding year excecded
We thousand dollars. to make AMI render a return
OH or before the day designated by law, to the assist
ant Assessor 9f the district In which he resides ofthe
gross amount Of his income. gains, AMI protts as
aforesaid but not including the amount received
fi6m any corporation whose Officers, rs authorized
by law, withhold and pay as taxesa per centum OF the
dividends made and OF the Interest on coupons paid
by such corporation. nor that portion OF me salary or
y " " e hh hbN . 49, 'fH'hs
or other service Of the United states. or as senator.
representative, or delegate in Congress, from which
tax ha. been deducted; nor The wages ;,sS 81 my minor rS s.lrn'
executor or administrator. and any person acting
In any other fduciary capacity; or asa resident AGENT
for. or copartiiero Of, any nonresident allen, deriving
income, gains, and PROFITS FROM any business. trade.
or profession carried on In the United States, or from
rents OF real estate situated therein. shall make AMI
render q return as aforesaid TO the assistant assessor
of The district in which he resides Of the amount Of
income, gains and profits Of fanny minor or person Tor
whom he acts. The assistant assessor shall require
every such return 10 DC ysTined " ths oath Of ths
any return, after notice tn such party. II he has
reason 10 believe that the same 10 undersiated. IN
case any person having a gross Income as ABOVE, OF
two thousand dollars or more. shall neglect or refuse
TO make and render such return. or shall render q
false or fraudulent return, the asscssoro or the a'sisiant
assessor shall make such return, according 70 the best
intormatIonh he can obtain by the examination VI Silu
persOn, or OF his books or accounts, or by any othcr
evidence, and shall add, as q penalty, TO the amount
OF willIul neglect o. refusal 10 make and render a re-
turn, and one hundred per ccntunl In all cases mL !
false or fraudulent return having been IenaetSi; Ing
tax and the addition thereto Is penalty shi!l Dc as
sessed and collected In the manner provided Tor IN
cases OF willful neglect or refusal TO render a return.
or II rendering a false or fraudulent return. Dnt no
neglect or refusal. or for making Or rendering q iiise
or fraudulent return. except ate. reasonable hotlce
ofthe time and place ofhca,ins 10 6cresulatrd eStne
person charged MI opportunity Ia he heard; Ifo-
ridsd, That no collector. deputy collector, assessor, or
assistant s ASSESSOR SGs sSSii Psrl5t = Se a PSo psrt th ~ soE
except such general statistics. not specifying the
names OF Indlvldualso or Arms. a. he NJ make pubic
under such rules aud regulations ~ the commissions
er Of Internal Revenue shall prescribe.
SEc. IL. And be IL further enacted. That when llc
return OF any person Is Increased by the assistant as
SCISSOR. such person may exhibit his books airl ac-
oath, the amount OF Income liable to b. assessed;
Lut such oath and evidence shall not be conclusive
fthc facts. and no deductions claimed IN such CASES
shall be allowed until approved by tue assistant as
SCISSOR. Any person may appeal from the decision
Of the assistant assessor. In such cascs, TO the assess
or OF The district and hs decision % thereon ,Hr H Elliss,
shall be lnal. The form. time. aud lnailncr,oi pro
~ecedInss, shall be subject ~ regulations 10 be pre-
scribed by the Commissioner OF Internal Revenue.
SEC. Is. And be Il further enacted. That any per
son. In his own behalf. or Us such flduclary or agent.
shall 10 permitted to declare. under oath, uhat ll'
or his ward. beneficiary. or principal; Tas MOI pS ~
TO be assessed according 10 the provisions Of this act:
or may declare that an Income tax has been assessed
and paid Elsewhere In the samc year, under author.
IL ofthc United States, upon his income. gains, and
profits, or those Of hi, ward, beneficiary. or primer
pal, as required BY law and u the assistant ASSESSOR
shall be satisfied fthc truth OF the declaration, such
person shall thcrcupon be exempt hom Income tax
In the SAID district.
SIC. II. And be il further enacted, That ccnsils
OF foreign government who are not citizens VI iEe
United State shall DC exempt from any Income tax
imposed BY this act which may bcderired rom thcIr
Official cmolumcnts. Or from property W 'oreigh
countrls: rroridei. That the governments which
such consuls may represent shall extend similar eS'
cmption 20 consuls Of the United States.
SIC. Is. Ind be IL Jurthr endctrd.. That thc.c
shall be levied aud collected for and during the year
eighteen hundred and seventy. nne a tax OF TWO aiut
one.halr per centlm OH the amount OF all lntcrc,t Or
coupons paid on bonds or other evidences OF Ient y.
sued and payable In one or more years alter dale, ny
any OF the corporations In thls section hereinafter
enumerated. and on the amount Of all d~ividsnis OF
cummings. Income, or gains hereafter nr Sn. n. ~ a~s
company. railroad company. canal company, TURN
pike company. canal naSisatlon COMPANY ana slNSh'
wafer COMPANY, whenever AMI wherever the same
shall DO payable. aud TO whatsoever person INC same
may he due. Including non.residenls, whether. GILL
zcIIs or aliens. and on all undivided pronis OF any
such corporation, which have accrued ana been
earned md added 10 any surplus, contingent or other
fund, and every such corporation having paid the
tax as Aforesaid. Is hereby authorized 10 deduct and
withhold from any payment On account OF Interest,
coupons, and dividends MI amount eluaIto The lax
oftwo and one.half per centun oil the same aud
the payment to the United states. az provided ny
tcrcst, coupons, and dividends aforesaid, shall his-
charge the corporation from any liability Tor that
amount ofsaid Interest, coupons, or dividends claimed
~ due to any person. except In cases where said
corporations have provided Otherwise Dy an express
contract: Trorided, That the tax upon the dividends
OF insnrance companies shall not he deemed due I'm.
I'll such dividends are payable, either iu money or
otherwise: aud that the money returned BY mutual
Insurance companies 10 their poltcy.holders, and the
annual or semi-annual Interest allowed or paid ~
the dcpostorS In savings banks or savings institu-
lions, shah not bc considered as dividends, nnd that
when any dividend Il made or interest as Aforesaid
Is paid, which Includes any part OF the surplus or
contingent Tund OF amy corporation which has been
assessed anil the tax paid thereon, or which includes
any part OF the dividends. interest or coupons r-
ss from m other Inc &c So TPSSS0% . v D ,SsS SS S1tiSSG' on S'e iSc
same. the amount OF tax so paid on that portion Of
the surplus or contingent fnIil, and the amount of
interest, or coupons so received, may be deducted
from the tax on such dividend or Interest.
SEC. IL. And be IL further enacted. Thatcrery per.
son hAvIn. the care or management Of any corpora.
ton liable to be taxed under tho last preceding sec-
lion. shall make aud render to the assessor or assist
ant nsses:o, OF tne district IN which sneh nsrson mas
alton. on or before the tenth dayO the month follow.
Ing that In which any dividends or sums OF money
become due or PAYABLE IS aforesaid, a true AMI com.
plcte return, In such form as the Commissioner Of
Internal Revenue may prescribe. OF the amour Of
income and profits and Of taxes as Aforesaid: and
presidsnt, Cashier. or treasurer or tho corporation.
under oath, that the sainc contains a true and conf
plete account OF the Income aud pro1ts and OF taxes
a. aforesaid. And for any default In the making or
rendering OF such return. with such declaration an.
nexed. the corporation 30 In default shall forfeit. asa
penalty. tho sum OF one thousand dollars: and IN
case Of my default In making or rendering said re-
turn. or Of any default in the payment OF the tax ~
required, or OF any part thereof, tho assessment and
Of the tax and penalty shall be IN accord.
OF neglect and refusal.
SEc. IL. Iad be IL further cnaeisd. That sections
one, one hundred and twenty-five. ana one hundred
and twenty.ihrec OF tho act OF June thirty. eighteen
and slxty.four, entitled \ act TO provide
revenue to support tho government, 10 pay
on the public debt, and for other purpose.
n amended by the act OF july thirteen, eighteen
hundred and SiSty-scven. shall be construed
10 Impose the taxes therein mentioned 10 the first
lay Of August, eighteen hundred aud seventy, but
After that date no further taxes shall he levied or as
,esscd under said sections; and all acts and parts OF
relating TO the taxes herein. repealed. and that
orce for Ievying and collecting all taxes properly az
esscd or liable TO be assessed, or accruing under the
provisions OF former acts, or drawbacks. the right to
which has already accrued or which may hereafter
iccrue under said acts. AMI for maintaining and con:
inuing liens, fines. penalties. and iorfeitnrcsi Incurred
Under and BY virtue thereof. And this act shall not
'e construed 10 affect any act done, right aeerietl, or
light Il hereby saved. And for carrying out and
completing all proceedings which have been already
or that may be commenced TO enforce
fines. penalties, and forieltures, or criminal pro-
'eedIngs under said acts and for the punishment Of
rlInss Of which any party shall be or has been found
utility.
SEC. IA. And BE- i further enacted. That the Pres
dent 10 hereby authorised 10 annex TO. and unite
each other, two or more adjoining collection
isuicts, whenever In his opinion II win reduce the
expenses OF collecting the internal revenue, without
the efficiency Of the service. and there
Ipon shall retain but one collector and one assessor
Or such enlarged distrct. And the President Is also
ietlon. any two or more adjoining supervisors dis
and TO retain or appoint ono supervisor for
consolidated district. .#aF
SEc. ~. And be IL further enacted. That as soon
s practicable after tho passagcof this act the nnm.
or or Asistant assessors employed shall be penna.
AHN h1 Nka Ata.h Rr0a nf nil mn NJ thar |