Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-20
fPublic-So. lA.l
AN ACT to reduce Interna! taxes, and for other
purposes.
Approved, July II. 1870.
Bel enacted bythe Senate and Home Of RepreseHta
tires Of the United Sdts Of America IN Con9re''
assenbied

Bel enacted blythe Senate and Honsc Of RePreiela-
tires oCthe United States Of America IN Con're'
assembled
That on and after the FIRST day OF May, eighteen
hundred AMI seventy-Onc, the special taxes Imposed
BY the scycnty.nlnth section OF the act entitled A
act TO provide Internal revenue TO support the gov
other purposes" approved June thirty, eighteen
hundred aud sIXty.mur, as amended by ssctloI NM
Of the Internal revenue act approved July tnlr!een,
pIcrteen hundred and slxty.slN, and as anenued Oy
section two OF the Internal revenue act approved
| March two, eighteen hundred and siSty-scren, oe;
and the same are hereby. reoealed; but ms aet sn niai
tax OH brewers imposed by said section. or tue spec
la taxes imposed by the act approved July twenty:
Imposing taxes on distilled spirits and tobacco, ana
for other purposes" or the acts amendntory thereoi.
SIC. .. And be il further enacted. That on and
| ater the nrst day ofOctooer, eighteen hnnurei anu
seventy. the several taxes on sales Imposed by the
| Internal revenue laws now In force. saving anu e1.
| ccptIng such taxes on sales as are by existing law
| paid By stamps, and the taxes on sales OF ieat tobac,
co. manufactured tobacco, snuf,. cigars, foreign ana
| domestic distilled spirits. and wines. Imposed Dy salI
act, approved July twenty. eighteen hundred and
slxiy-eisht. and acts nmsldatory thereof oe' anu TIC
same arc hereby. repealed.
SEC. J.. And be IL further enaeted., That on and
after the FIRST day of October, eighteen hundred anu
seventy. the taxes Imposed by the internal tsVenus
laws, now In force. herein specified, be, and the snnie
| arc hereby, repealed. namely: Oh articles ~ scheuuIe
A: the special tax on boats, bn-Ics ana mats; on leRh'
cIcs and SUGGESTIONS; OH passports; ana on stossre
cclpts.
SEC. 4. And BE- IL further enacted That on and alter
the lirst day ofOctobcr eighteen hundred andscveuty,
the stamp tax imposed In schedule u on prohlissory
| notes for q less sum than one hundred dollars, anu on
receipts for any sum ofmoncy, or Tor the payment %'
aus debt, and the stamp tax Imposed IN scheuuIe Y.
on canned and preserved hsh. DC, am nne saa,e y
upon the transfer or assignments Of anlorieagc. whcre
It or the Instrument II secures has been once guy
stamped, And the proprietor or proprletors OF ar
ticIrs namcd In said scheduled Z, who shall furnish his
or their own die or design for stamps TO be used es,
pecially for his or their own proprietary articles, sna,,
amounts purchased atone time or not less Liam MY
dollars nor mOrrthan i've hundred dollars, I'VE per
ccntum; and OH amounts over hre hundred uollass'
ton pcr crntum oil the whole amount purchased.
Proriied, That lucIter or friction matches. anu CT
| CARS lights, and wax tapers,. may he removed IIom
the place Of manufacture for export 10 a foreign
| country without payment OF tax, or afli&ing stamps
th-reto, under such rules and regulations rs tne Com.
missioner OF Internal revenue nHS iapf hcTrw ~,
are hereby repealed.
SEC. 8. And be Il further Enacted. That section
one hundred and itty-eiGht OF the act emitted An
act TO provide Internal revenue 10 support the gov
eminent. 10 pay interest on the public debt, and ior
other purposes" approved July thirty, eighteen
Of thS intrrnai revenue act, approved July thirteen.
eighteen hundred and siSty-Six, br~nnd Is hereby,
amended by striking out the words nifty dollars
In the second proviso. and Inserting In lieu thereof
the following: double the nmout Of tax remaining
unpaid. but In no case less than i've dollars also,
by striking out the words .slxty.slx' In tho third
| IEbNlSO, anu lnNClliIk III ~ Wv 'it
'scvcnty-onc; also. by striking out the words sixty
scvcI." In the last proviso. and inserting In lieu there
Of the words "scveniytwo."
Sec. G. And be IL further enacted, That here shall
be levied and collected annually. as hereinafter pro-
vlded. for the years eighteen hundred and seventy
and eighteen hundred sevcnty-one. and no longer.
tax Of two and one-hnf per ccntnnl upon tue gains
profits. and income OF every person residing ~ inc
United States. and Of every citizen OF the UnltcI
S SSlssy Iss'G wSs,6 aSt1 ,SItbI ner or Without h United
States, except as hereinafter provided. anu a Ike .S
annually upon the gains. profits. and Income derl'eI
tho UnIied States by any person residing, without
the United States. and not a citizen thereof. orIloni
by sny psrson residing without the United States.
and not a citi; IN thereof.
SEC. I, And be il further enacted: That IN cst'
mating the gains, profits, anu income iIn,, y, ~ rom Pefs Sny
kind OF property, rents. Interest received OF accrued
upon a~llnotes. bonds. and mortgages, orothet iornis;
Of Indebtedness bearing interest. whether paid or not
If good and collectablc. Interest upon notes, bonds,
or other securities OF the United states, anu INC
amount Of all premium on gold ana eoupoms; ' ~
trade, employment, ONCE, or vocation; mcnuinR
any amount received as salary or pay for services IN
United States, or rs senator. representative or dele
gate In Congress-: except that portion thereof from
which, under authority OF acts Oh Consress previous
withheld. the share OF any person OF the gains ana
prohts. whether divided or not. OF oil companies or
partnerships. but mol inc,nainS the amounI tsGei,sdd
by law, withhold any paw rs taxes a per ccntum OF
the dividends made, and Of interest or coupons pald
By such corporations; profits realized within us
wear from sales OF real estate purchased within two
years previous to the year for which income Is cslf
mated; tho amount OF sales OF live stock, sugar,
wool, butter. cheese, pork, beef, mutton, or otneI
meats, hay and grain, fruits, vegetables. or Othcr pro,
ductlons, being the growth or produce otthe estate OF
such person. but not Including any part thereof CON
sulncd directly by the family; and all other gains,
PROFITS. and Income drawn from any source whatevcl;
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 ncnsiOns allowed toany person under the lAw.
dollars OF the gains. profits, and Income OF any per
son, shall be exempt from said Income TAX, 10
the manner hereinafter provided. Only one deduC
tIon OF two thousand dollars shall be made from tne
aggregate income Of all the members OF any iAnii!y
composed OF one or both parents and one or NUT
minor children. or ofhusband and vile; but wnena
wife has by law a separate income, beyond tne con,
troll OF her husband, and is living separate anu apa..
fromhim, such deduction shsllthcn be maoei r9I.le
,ees shall be allowed TO make the deduction In favor
two or more wards or benefeiaries comprised IN one
family, having Joint property %interest, oniy ono Ge'
no,s OF allowing said deduction from the income o.
any religious or social community hoidins AZ .hen
propcrty and the income therefrom )olntiy anu ~
Common, each i've Of the persons composing sueS
society. and any remaining fractional IN, nSm HTopp y.
o oqef ave. e'f1 shall 's Se i hsid to constitute ! SmIIy:
and q deduction OF two thousand aons.'
shall be allowed for each Of said families.
Any taxes on the incomes. sains; ana pfoSt s. =. Is sSd
Collected according 70 this provision, except that me
DEDUCTION shall be only one thousand dollars TOT any
wear prior 10 eighteen hundred and eeventy.
8io. ". Asd b t(s,thr e.Ses'6; la ,h. 1870 ~ !