Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-26
TPublIc-No. l6i.l
AN ACT TO reduce internal taxes, and for other
purposes.
Approved. July II. 1870.

Re II enacted bythe Senaie and Honsc Of Renrhsrntd-
tirtt ofthe United States Of America COn0re''
assembled
That on and after the nrst day OF May. eighteen
hundred aud sryenty-onc, the special taxes lihposcn
by the seveItv.nInth section of the act entltieI an
act TO provide Internal revenue to support tnc g1N-
crnment, TO pay Interest on the pup ,hit Gs"' c:i Hhi
hundred aud siXty.fOur. as amended by sectlon niIe
Of the Internal revenue net approved July thir,ern.
~cigcteen hundred and ~siSty:six, AMI ms ainenuen ~
section two Of the internal revenue act npproveu
March two, eighteen hundred and siNty-seNeh; ";
and the same arr hereby. rcncalel; Dnt ihisae snnii
moi be held 10 repeal or In any way Affect the sptclai
tax on brewers imposed by said section. or tne spes-
iaI taxes imposed by the act approved July twenty,
sIrhtccn hundred AMI slNty-clght, entitled An hct
imnosinc taxes on distilled spirits and tobacco, and
for other purposes" or the acts anlcndaiory thefeoi'
SEC. 2. And be IL further ehaeted. That on anu
amer the first day ofOc,ober, eighteen hnnutsd mn
seventy. the several taxes on sales imposed Dy the
internal revenue laws now In force, saving anu en-.
ccp,Ing such taxes on sales ~ are by existing law
paid by stamps. and the taxes on sales OF n Iea. ,'S ond
domestic distilled spirits, and wines, imposed Dy saia
act. approved July twenty. eighteen nnnuteu a Ma
sIXty-elghi. and acts amcndatory thereof De- anu 'he
same are hereby, repealed.
src. 4. And be il further enacted, That on and
after the first day Of OctOber. eighteen hunurcu anu
seventy. the taxes Imposed by The Internal revenue
laws, now In force. herein specified. be, and the same
arc hereby, repealed, namely: OH articles ihHcncuuIc
A: the special tax Oh boats. OarreS AMI nats; on IcSh'
clos and SUGGESTIONS; OH passports; ana on gross re-
ceipts.
Syc. 4, AVID be Il further enacted Thaton and AFTER
| the tirst day ofuctober eighteen hundred ana seventy
the stamp taS imposed In schedule b on prohllsSoiy
| notes Tor a less sum than one hundred dollars, anu on
rcccIptS for nny sum Ofm0ncy, or for the payment o.
any debt, and the stamp tax Imposed! IN schcIuIe Y,
| on canned md preserved fish. be, AMI the same MT
hereby. repealed, And no stamp shnll De rcQulleu
mon Tie transfer or assignment Of amortgagc, sncre
IL or the instrument II secures has been once nuly
stamped. Aud the proprietor or prSprlet"rs % S ~.
or their own die or design for stamps 10 DC useu g,
| pccIaliy for his or their own proprietary articles, S'isn
be allowed the following commissions, nainc.!; III
amounts purchased At one time OF not less tlnh MI!
dollars nor more than ny0 hundred uonars, i've PEI
Centum; ami On amounts over i've hundred uollars
ten psr e" Thn, ,H on me Or T SiStSon matches. and ei
cars lights. and wax tapers, may DO remover IIon
| the place Of manufacture for export TO a loIelsl
| country without payment OF tax, or AIMING stainp'
| thereto, under such rules and regulations rs tnc Com
| missioner Of Internal Revenue may pTeScrioc; az,
| all provisions orcNistilg laws Inconsistent here"lli
| are hereby repealed.
SEC. 3. And be Il further enacted. That sectior
\ one hundred and lfly-cight OF the act entitled a
act TO provide internal revenue TO support the gov
ernment, to pay interest on the public DEBT, anu io
other PURPOSES" approved July thirty, clHntcei
hundred aud sixty.ioutr, as amended by section rln'
Of the Internal revenue act, approved July thirteen
eighteen hundred ami sixiS.six, oS, AM ma = = d he,iIsps
i'm the second pr0viSO. and inserting III lieu thcrco
the following: double the amOut OF tax remaining
S STp .iriSi1S Out NJ the words "sIXty.six" In the thru
proviso. aud inserting in lieu thereof the words
''scvcniy-onc;' also. by striking out The words sky
sevei," In the last proviso. and inserting In lieu mere
" the words 'seventytwo.'
| SEC, &. AndJc IL further enacted, That here shall
be levied ami collected Annually, a. hereinafter pro
yided, Tor the years eighteen hundred and seventy
and eighteen hundred seyenty-One. anu no longer, U
tax OF two and One-half per ccntum upon the GAIN
profits. and Income Of every person residing " tht
United States, and OF every, citizen OF inc unltco
States residing abroad. derived from any source
whatever. whether within or without Tue Snitel
States, except as hereinafter provided, and a IKE taI
annually upon the gains, profits; anu inSOn l,o Ie an IN
the United States by any person reNulhg, wInVut
the United States. and not q citizen thsrcoi, orIroih
rents Of real estate within the United States owued
BY any person residing without the United States
and not q cltiIe en- thereof.
SIC. :. And be Il further enacted: That IN est
mating the gains, profits. and Income OF any person.
| there shall be Included all income derived from any,
kind Of property. rcnts. interest received or accIueu
upOnallnotes, bonds. and MORTGAGES. oroineI ioInis,
Of indebtedness bearing 'h n,nt; mnon pots.' bonds.
or other securities Of tho United states, anu tne
amount Of all premium on gold ana Soupons; tme
trade. employment. office, or v~ocation; including
any amount received as salary or pay for services In
United States, or as senator. representative or dele
gate In Congress: except that portion thcrcOi from
which, under authority OF acts OF Congress previous
hereto, q tax OF 1--we per ccntum shall have been
withheld, the share Of any person Of the gains anu
profits, whether divided or not, Of all companies or
partnerships, but not Including the amount received
from any corporations whose officers, as authorized
by law, withhold any paw rs taxes a per ccntum OF
tho dividends made, and OF lnterest or coupons paid
By such corporations: profits realized within the
year from sales Of real estate purchased within two
years previous TO the year for which Income Ii esti'
mated; the amount; Of sales OF live stock, sugar,
wool. butter. cheese. pork. beei, mutton, or otnei
meats. hay anigra!n. fruits, vegetables. or othcr pro.
d~uctiOns. being the owth or produce oitne cstate OF
such person, hut not including any part thereon con-
sumci directly by the amiy; aud all other gains
profits, and Income drawn from any source whatever.
but not Including the rental value OF the Homestead
used or occupied By any person, or by his family.
SEC, :. And be IL further enacted. That military or
naval nepslOns allowed t0any person under the laws
Of the United States. and the sum OF two thousand
dollars Of the gains, profits, and Income OF any per
son. shall be exempt from said Income Tax; IN
the manner hereinafter provided. Only one ueduc-
tIon of two thousand dollars shall be made from the
aggregate income OF all the members OF any family
composed OF one or both parents and one or more
minor children. or OF husband and wife; but when q
wife has BY law a separate income, beSond the con-
troll OF hcr husband. and 10 living separate AMI apart
frouIhiin, such deduction shall then be made from her
income. gains, and profits: and guardians and trus-
tees shall be allowed TO make the deduction In favor
OF each ward or beneficiary except that In case Of
two or more wards or bencfciarios comprised In one
family. having Joint property Interest, only one de-
duo ton shall be made In their favor. For. the pur
nose OF allowing said deduction from the Income Of
any religious or social community holding all their
property and the Income therefrom Jointly and In
common, ench five OF the persons composing such
society. and any remaining fractional number OF
snch persons less than i've over such groups
and a deduction Of two thousand dollars
shall be allowed for each Of said families.
Any taxes on the Incomes. gains, and profits OF such
collected according to this provision, except that the
deduction shall be only ono thousand dollars for any
year prior TO eighteen hundred and seventy,
SIC. y: And De q further enaeted. That In add.