Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-12
LAWS OF 1HE UNITED STATES.

all bis losses actually sustained during the year
,rislns ron S,s:, no9d;. hs Hc:T 81 but eI.
eiudinS al timsted depreciation n q, 2, S ss.s' and
sis.,e s" iana. o. gao 10 '0 eonsus. any other eu.:
ness ffom which Income 10 derived; the hmouht
paid for the rent OF the house or premises ooeSp,sa
a. . residence for himself or his family. and tne
amount paid out Tor usual and ordinary repairs. no
deduction shall b made for any amount paid out io1
new buildings. permanent improvements, or oeteI-
menu made 10 Increase the valued Of any properly OF
SIC. 10. Avid b. q further ssaefsd. That the tax
hercinbefore provided shall be assessed upon inc
gain. prons, and income for the year ending on
the thiity-nnt day OF December next preceding the
time for levying and collecting said tax. and shai!
Do levied on the nnt day OF March. elgeteen hundred
two. and be due and payable on or before, the thirtieth
day Of April In each Of aid years.. And In ADDITION
10 any sum annually due and unpaid after the tnlr.,
tieth day ofApril. and for ten days AFTER notice and
demand thereofby the collector. there shall be levied
and collected. as q penalty. the sum OF i've per GEM;
UNI on the amount unpaid. and Interest on sMS
amount at the rate OF one per centum pei. nontn
from the time the saine became due. except from tho
estates OF deceased. insane, or ~insolvent persons;
SEC. II. Aad BE- 10 further enacted. That It snail
be the duty Of every person OF awful age. whose
Rross income during the preceding year excecLed
two thousand dollars. 10 make and render . return
ant assessor or the district in which he resides Of the
gross amount Of his income. gains, and pronts as
aforesaid: but not including the amount received
l HUH Ally COIpOTuIlOu NuOtG OllChIbs hh
by law. withhold and pay ls taxes q per centum OF the
dividends made and Of the interest OH coupons paid
by such corporation. nor that portion OF e.. sIary Or
or other service OF the United States, or as senator.
representative or delegate In Congress. from which
rem not received: and every guardian and trustee.
executor or administrator and any person acting
In any other fdueiary capacity; or as resident Agent
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 anu
OF the district In which he resides or the amount OF
income, gains and prodtl OF any minor or person ,or
whom be acts. Tue assistant assessor shan re9I, ~
party rendering It, and may Increase the amount OF
any return. after notice 70 such party. u nc mas
case any person having q gross income as above. OF
two thousand dollars or more, shall neglect or refuse
20 make and render tush ,starn. y, o sn ~ , n..i,tspt
assessor shaIlmzke such return, according 20 the Dest
informatIonh he can obtain by the examination OF silu
person, or OF his books or accounts. or ny any otheI
evidence, and shall add. as penalty. TO the amount
OF the tax due thereon, my per centum 10 az cases
OF willful neglect o. refusal To make and Iendet q te.
turn. and one hundred per centum In all cases 9l a
false or fraudulent return having been rendered; Inc
Tar and the addition thereto as penalty shall be as
sessed aud collected In the manner provided ior ln
eases OF willfui neglect or refusal to render q return.
or n rendering q false or fraudulent return. put NO
penalty shall be assessed upon any person lot suSn
or fraudulent return, except after reasonable notice
ofthe time and place ofheaIing. 70 he resulateG oy w
Commissioner uf lnternSl Revenue, so as 70 give ,he
person charged 49, opp Ssnriw Collector assessor, OF
a~ssistant assessor shall permit TO be publlsned ln any
manner such income returns. or any part 1nereSl
except such general statistics, not specifying tne
names OF Individuals or arms. as he may make puOne
under such rules and regulations as the Commission
cr OF Internal Revenue shall prescribe; a.,
SEC. u. And be u further enacted, That wnen inc
return OF any person IL Increased by the assistant as
SCISSOR. such person may exhibit his books and nc
counth and be permitted 70 PROVE anu aeSIa.s. uua
but such oath anu eviIense shIn y m = srnS cssss
o. tne iscIs, ana ~ anos"vsJ nv ihe assistant As.
shal DC allowed unui appronra y,on, fhs ,Irrision
ofthe assistant assessor. ~ suGn eases, ~ ~ ~.
or or the district; Ann nIs uecIsay" I t Revsnne
versed oy tne TSn't n,ss ,tn,s |" nd manner Of nro,
ceedings, shall, be subject 70 regulations oo pc
scribed by the Commissioners OF lnteth1n hesenue:
pc; III n. MnS r Ss o%rtass ach rdSciary or agent,
shall be permitted TO declare, under oath. that nc
or bis ward. beneficiary, or principal, was POI PCS
se,sed OF an Income OF two thousand dollars, liable
10 be assessed according 10 the provisions Of this act;
ar m ~ declare that an income tax has been assessed
and paid elsewhere In the SAN year. under an.h orr
pronts. or those OF his ward, beneficiary: or prime,
pal, as required BY law; and 1.-THE assistant assessoI
shall be satisfied Of the truth Of the dseIa iTsn,n: 'I aSI
In the said district.
SLc. IA. And BE- u further enacted. That consul:
| Of foreign governments NuO MI UOI NihiENtao VI t'N
United Stale. shall he exempt from any income tas
Imposed by this act which may b ederived from tnelI
official emolunents, or from properly IN iotsist
countrlrs: Provided. That the governments wn,Sr
such consuls may Represent shall extend similar eS
enlption 10 consuls OF the onlteo otates. rL., ,,o,,
SEC. ~. And DC a. JurIh<r snaetsa, anas 'n ros
shall be levied and collected for and during tne yea
eIshteen hundred and seyenty-one q TAX OF Two ~.
one.half per centum on the amount OF AL lnteIesSo
coupons paid on bond. or other sTiasne enS OF S asSt b =
any OF the corporations IN this section hereinafter
enumerated. and ON the amount OF All dlSlaehus 9
earnings. Income, or gains nelesltsrm eSIn'en, y rn,
company. railroad company, canal COMPANY, turn
pike company. canal navigation company anu saaen
water company %nsn aS %Sa asa wgr nsr.on i n SAND
may DO due. Including non.residentA' Sne.ne, GU.
zens or aliciIs. and on all undlsldel pIon,s o. an.
such corpoTauon.. when nave accrued anu oSei
earned and added to any surplus. continsento or othel
fund, and every sucn eoIpOIauon nA.IhS paIa .u'
tax as aforesaid, Is neieoy autnoIltea ~ am
wlthhold from any paynicnt on - ~.
coupons, and divlisnds an snount e9E.'W sne w
oI Two ano one-nah Pr 49, nso,IJst n,
tne paymen. ~ ~ taS Sa dsSnc,ed ron, The In
iaw.o' tns a.,oun IA dIvsdsnds sIorcsoIJ, shaii dis
terest. coupons, anu Gir rrnrn ~ nshpI.iy S S ,ba,,
ena'so W Sytpo.s snr,on, ~ diviJsni. claimed
anlounto isaru inss.uS, oSppsmt IN rsscs wbcrc AID
Asuue 70 any peison' hsr.,sn nv m eSnrrs.
corpoIations uhNs TIL, ,h |" rno, H. a,vIasn5s
conuact: iTos.esa, tns III No; ~ Jcsn,eJ dnc mn.
I'll III sneh divIdends are payable, either In money OF
otneIwisc; anu WA. u ,h mTu o,cy.haIIers md the
insurance. omPanIeS ~ i ~ si,ownS n, Maid ~
annual or semi.annual inIe!es. anoMeJ VI PAU r,t, "
the depoItos IN savings oanks or SAYINGS Ins,tu,
lions. shall not De GonslIetea as aiv,aenas' nnn snsi
when any divIdenn " maue OF ,nte ~ ~ rre,n y,
Is paid, wnieh lncludes any paito y susp.us W
contingent fund OF any corporation whlen mas osen
assessed and the lax pal1 taeseon. OF M"ien nSIau y
any part OF nc dlvlaends; lnte,ess OF Suup"ns Ie
thorzed by Law 10 withhold a per esntunl on ths
ssme. the amount OF tax 20 paid on mat poriion o.
the surplus or contingent luild, ana inc amount %
tax which has been withheld and paid on dividends
interest, or coupons so received, may DC deduciec
from the tax on such dividend or Interest.
SEc, Is. dHdb be Il further enacted, That evcry per
son having tho care or management Of any corpora
ton liable TO be taxed under the last preceding sec
lion, shall make aud render 10 the assessor or assist
hs once for conducting the business Of such corpor
alton, on or before the tenth day Of the month follow
Ing that In which any dividends or sums OF MONEY
piete return, In such form as the Commissioner o
internal Revenue may prescribe. Of the amount o
income and profits and Of taxes as aforesaid; ant
s nrerid sqt" CASHIER. or treasurer OF the corporation
under oath. that the same contains a true and com
plete account OF the income aud pronts and OF take
r=enjernS OF .uch return: with such declaration an
ncxed, the corporation 10 In default shall forfeit, as
penalty, the sum OF one thousand dollars: and II
s snsO' o. or a W an, ns'd Default in ,SS psyment OF ths tax a.
reouireJ. or or any part thereof, the assessment AMI
collection OF the tax and penalty shall be In accord
OF neglect and refusal.
SEC. II. And Be Il further snaeted, That scctioni
one hundred and. twenty. one hundred and twenty;
and tWsnty.three OF the act or June thirty. eighteen
hundred and slxty.four. entitled An act 10 provide
Intel nal revenue 10 support the government, TO pay
as amended by the act OF July thirteen, eighteen
hundred and ~sixtyslx. and the act o. March two,
eighteen hundred and sixtyseven, shall be construed
to Impose the taxes therein mentioned to tho nrst
day OF August, eighteen hundred ann seventy, but