Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-22
LAWS OF The UNITED STATES.

year. whether such be owner, tenant or nottsaket
all his losses actually, sustained pu.,nk fncrrsi IN
trade and debts r.certaIned 10 be worthless, but sx.
Gliding all estimated depreciation OF values u ny
amount Of Interest paid during t ishoy y ~ eui.
,ss amount paid io son rens a. any iAV Other tus.
ness nom which income ~ derived; the amount
paid for the rent OF the house OF premites oSeSpa.s H.
amount paid out Tor usual AMI ordinary repaits. 70
DEDUCTION shall be made for any amount palo Su. =
new buildings, permanent improvements osss
ments made 70 Increase tue Vaiueo' any p'ps'S"
SIC. 10. A.d b q further ssaetsd. That the .ttx
herelnbeforc provided shall be Assesssd upUn tu r
gains, profits, and income for the year endlng on
the thirty-nnt day Of December next preceding tne
time for leyying and collecting said tar, and enai
be levied on the nrst day OF March. eiseteen hunaiea
and seventy-one and eighteen hundred and seventy.
two, and be- due and payable on or before,the thlrtieth
day OF April In each OF said years. And IN ndditIon
to any sum annually duo and unpaid after the INIT
tIs!n day Of ApTil; AZ, ~ t .oT zen eI fSs n.I ~. hT be iev.ed
and collected, AZ 4 penalty. the sum OF nve per eent.
nm on the amount unpaid, and Interest on sag
d%1u ~. N ,Im me- ne n.t s.me Became me due. except from The
estates OF deceased, insane, or insolvent persons:
SEC. II. And be IL further enacted. That II shall
be the duty OF every person or lawinl age. wnosc
gross income during the preceding year exceelea
two thousand dollars, to make and render a return
on or before the day designated by law. 10 the ASSIST
ant assessor Of the dlstrict In which ne re'ioes ., 'ne
but not Including inc amount isceISed
from any corporation whose oniccrs. as authorized
Siiyidcnds made and Of the Interest on coupons paid
by such corporation, nor that portion OF the slary OF
pay received, for services In the civil, military. naval,
or other service OF the United StAtes: OF ,t ~ se nhieS;
tax has been deducted, nor the wages OF minor enilo'
rem not received; and every guardian ana trustee,
executor or sdm,nistrat0r. anu ~ any rpssIsen, Msept
for, or copartncr or any NONRESIDENT alleD, ue.irlnk
Income, gains, and prons from any business, traue,
or profession carried on N ine Unted s.dieS; ~ . ,nd
render q return as Aforesaid 10 the assistant ASSESSOR
OF the district In which he resides OF the amount OF
Income, gains and profti OF any minor or person iol
whom he acts. The assistant assessor snai re9uiIe
every such return to b. verified by the oath OF the
party rendering Il, and may Increase the amount, OF
any return, after notice TO such party, u hs ~
reason TO believe that the same Is understateu. III.
case any person having u gToss Income ~ above, or
two thousand dollars or more. shall neglect or ferlse
to make and render such return, or shall rcnneI q
false or fraudulent return. the Assessor or the assistant
ASSESSOR shall make such return, according 20 the oest
lnfornatIonhe canobtaln by the examination oisild
person. or OF his books or accounts, or by any otne,
evidence, and shall add, As 0 penalty, 10 tue amount
OF the tax due thereon, my per centunl IN nl cases
Of willful neglect o. refusal TO make and render q re-
turn, ana one hundred per eentunl In all cases o,
false or fraudulent return having been rendered: Inc
tax and the addition thereto M penalty snali pe as
sessed and collected In the manner provided IoI III
eases Of wililGl neglect Or .eiasS. 5p IstrIn, hut no
penalty shall BE- assessed upon any person ior shSn
neglect or refusal. or for making or rendering a Iaise
or fraudulent return. except AFTER feG rscniSicd by M
Commissioner or !uternal Revenue, SO as tos,'v tnc
person charged an opportunity 70 De hehIu' IIo
rided, That no oi!cc!9r,depaty eoneS.pI IlNsssJ IN M NJ
manner such income returns. or any part tnereei.
except such general Statistics, not Specifying tme
under such rules and regulations Is the Commission
or ofInternal Revenue shall prescribe.
SIC. IL. And BE- u further tSaeied. That when inc
return OF any person Is increased BY the assistant as
SCISSOR, such person may exhibit his books and nc
counts und be permitted 10 prove ana declare, unueI
oath, the amount OF Income liable TO be assessed;
but such oath ana esiIenSe sn sin,,n y IN sUeS eases
shall be allowed until approved by the assistant AZ
sessor. ANY person may appeal from me aes -
or or the district, and his decision thereon, nlle.sie
yersed BY the Commissioner OF Internal Revenue.
shall be inaI. The form, time. and manncro Of pro-
scrIbed by the Commissioner OF Internal Revenue.
SEC. Is. And BE- Il Jurth1 Enacted. That any per
son, In his own behalf. or as SUCH hduclaty otasehh M
shall be permitted TO declare, under oath, mat nc
sesSed OF ali Income Of two thousand dollars. liable
to be assessed according TO the provisions Of .n.s aSSJ
and paid elsewhere In the same year, uhucr nutn enr
~ ofthe United States. upon hh income. gains. ana
Profits, or those OF his ward. beneficiary, or primer.
mi, ns required BY law: and n the assistant assessor
shall be satisfied OF tho truth OF the declaration, suen
person shall thereupon be exempt toni income o@
SIC. il. And b. Il further enacted, That %eonsIls
ofIoreign governments who arc not ciiiIcns OF the
United Stale, shall be exempt ifoIn any Income tak
i'm posed by this act which may be derived from tnelr
of,cisi emoiun,ents, or from property in foEsisn
counsrirI: Proridsd, That the governments which
sue: ..sh, son; ~ MAY Ts y he 9. ,nsd s su.ena ''"''A'
SIC. Is. And Be q further enacted, That there
shall be levied and collected for and during tne ysst
eighteen hundred and seventy.nne atax OF two anu
une.hulI per centum OIL the amount OF all Interest or
coupons paid On bonds or other evidences OF Ieot .s.
sued and PAYABLE In one or more years aIter oate, oy
any Of the corporations IN thls sseu9h ,JcnH. ~
earnings. income. or gains hereafter deelareu, oy any
bank, trust company, savings Institution, insurance
company. railroad SUn,pan :,;S snH som TSTTamnd slack.
water company, whenever and wherever INC same
shall be payable. and 10 Whatsoever person the same
I.,,, or aliens. and on all undivided prot's Of any
such corporation, which have accrued anu oeen
earned md added to any surplus. contingent or otner
fund. aud every such corporation nsyinS Rsarrg, IN. .ne
withhold from any payment on account OF Interest,
coupons, and dividends an amount equal 70 the TAX
the payment 10 the United States, as provided by
law, OF the amount OF tax 50 deducted from tho In
terest, coupons. and dividends Aforesaid. shall dis
charge the corporation from any liability FIR that
Imoun ofsaid Interest, coupons. or DIVIDEND clhmcd
IS due 10 my person, except IN cases Where siid
corporations have provided otherwise oy az expires.
OUNTAG TOEtdN - VIZ go
0finsurance companies shall not be dernnec Que un-
I'll such dividends arc payable. either ~ money or
otherwise; and that the money returned oy mutual
annual or senIi-annual interest allowed or paid u
the deposit0rs In savings banks or savings institu-
lions. shall not 10 considered as dividends and tnai
when any dividend Is made or Interest a. Aforesaid
Is paid, which includes any part OF the surplus or
contingent fund Of any corporation which mas ocen
any part or the dividends. interest or coupons re-
ceiyed from other corporations whose officers aieau-
lhoriIed BY law TO withhold a per centum on thc
SAME. the amount OF tax 50 paid on that portion Of
the surplus or contingent frii, and the amount Of
tax which has been withheld and paid on dividends.
interest, or coupons % received, may be deducted
from the tax on such dlvileni or Interest.
SIC. is. And Be u further enacted, That every per.
son having tho care or management OF any corpora.
ton liable to be taxed under the last preceding sec
lion, shall make and render TO the assessor or assist
ant assessor Of the district In which such person has
his ONCE for conducting tho ousinss. OF such cerpor'
alton, on or before the tenth dayo the month follow
Ing that In which any dividends or sums Of money
become due or payable as Aforesaid, . true and com.
plete return, In such form as the Commissioner Of
Internal Revenue may prescribe. OF the amount OF
there shall DO annexed thereto . declaration OF the
president, cashier, or treasurer OF the corporation.
under oath. that the same contains q true and com.
plete account OF the Income and PROFITS and OF taxes
as aforesaid. And for any default Ia the making or
rendering OF such return. with such declaration an
nexed. the corporation 30 In default shall forfeit, as a
penalty. the 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 rs
required. or OF any part thereof. the assessment anu
collection Of the tax and penalty shall be In accord
ance with the general provisions oflaw In other cases
Of neglect and refusal, -
SEC. u. And D. q l.1fhnr fsastsd, That sse.Sns
one, one hundred and twenty-five. and one hundred
and twenty.threc or the act Of June thirty. eighteen
internal revenue 10 support the government, to pay
interest on the public debt, and for other purposes
a. amended by the act Of July thirteen, eighteen
hundred and sixtyslY. and the act OF March two,
eIshteon hundred and sixty+scven. shall be construed
10 Impose the taxes therein mentioned 10 the ftrst
day OF August, eighteen hundred and seventy, but
srsscd under said sections: and all acts aud parts OF
acts relating 10 the taxeh herein. repealed, ana mat
all the provisions Of said acts. shall continue In full
force for levylng and collecting al taxes properly as
sesSed or liable TO be assessed, or accruing under the
OF iormer acts, or drawbacks. the right to
which nSs sl,e s,1 sssr Sed FOR or m Hnlsn may sstfs eu2,
tinuing Hens, zines. penalties and lorteltures Incurred
under and by virtue thereof And this act shall not
DC , co p;S ! 70 a nSa. az Sr nSs gI as,. ll Sat every sSsrSe such II
right Is hereby saved. And for carrying out and
all proceedings which have been already
commenced or that may be commenced 10 enforce
such nnyI, penalties, and forfeiturca. or criminal pro.
under said acts, and for the punishment OF
Of which any party shall be or has been found
SIC. IA. And b. u further enacted. That the Pres
Is hereby authorized 10 annex TO, and unite
%ith each Other, TWO Or more aajoln.G ts eS 1,ee ,Sa
expenses OF collecting the internal revenue. without
Impairing the efficiency OF the service. and there
upon shall retain but one collector and one Assessor
such enlarged district. And the President IL also
authorized 10 consolidate In like manner, at bis dis
CT tion. any two or more adjoining supervisors dis
tricts. and TO retain or appoint one supervisor for
such consolidated district.
SEC. 10. AHd Be IL further snneied, That a. soon
"a practicable after the passage OF this act the mum.
Der OF assistant Assessors employed shAl be perma.
nently reduced by the discharge or all oficers OF that
class who are assigned specially 10 tho assessment OF
my taxes which shall have been abolished by law: