Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-11-29
Approved. July 10, 1870.


Be- il eaaet.d by tAs sssais sad Ho-.e q Rep.s.sata.
tiss oStls ID sfe' o. A"o'ea'A congress
That on and after tho nst day Of May. eighteen
hundred and sevsntyone, me - special pss ~ AM sssIt Mp"yIsp
act 20 provide internal revenue to support the gov-
arnnent, to pay interest on the public debt, ana ios
hnn,irrd md sixty-lonr, a. amended by section nine
OF the Internal revenue act approved July thirteen,
eigeteen hundred and sixy.alx. and as ameiiueu W
section two OF the internal revenue act approved
March two, eighteen hundred and sixty-seven Oe,
anil the same are hereby. revealed; but TINS act snal,
not be held 70 rspenI OF ih M m ~ .seiIoS' or he snec.
ial taxes imposed by the set approved July twenty,
eighteen hundred and stxty-eight, entitled Al act
lmp s,Sst 1 sa1ss on sS oa he s .p,si smsndasoTy ,Se thereof.
SEC. :. Asd BE- q (nrthsr saaeted, That on, ana
amer the fhst day Of October. eighteen hundred and
Internal revenue laws now In force. saving and eS-
cepting such taxes on sales a. are by oAistnx law
paid by stamps, and the taxes on @les OF leal tooac,
co, manufactured tobacco, snufL. cigars, ioretgl alld
domestic distilled spirits. and wines. imposed by salu
act, approved July twenty. eighteen hunured ana
sixty-eight. and acts slneudatory thereon, De, anu the
same ars hereby. repealed.
Src a A.d be Il further eaaetsd, That on and
after the nrst day OF October, eighteen hundred ana
| seventy, the taxes imposed by tbs Internal revenue
i .Ts S. 1SS u ,r iOsss; der names sRs:t os ais Gsi ~" in sch dull
A; the special tax on boats, barges and mats; on leSa-
eies and sucresions on passports; and on gross re-
Sc. 4. Asd Be- 70 further saaetsd' Thaton aud amer
| the hrst day ofOetober eighteen hundred ami seveuty.
the stamp tax imposed In schedule b on pronisory
notes for a les sum than one hundred dollars, and on
receipts for any sun ofmOney. or for the payment Of
| any debt, and the stamp tax imposed In schedule Y,
| on canned and preserved nah, Be, and the same are
hereby, repealed. Aud no stamp shall be requlrrN
/ upon Inc transfer or assignment OF q mortgage, where
IL or the instrument II secures has been once uuy
stamped; And n n, ,ns !sSI,Isisc Or %np p, ,ssIi fSm, q bis bis
or their own die or design for stamps TO be used e..
peciaiiy for his or their own proprietary articles, shall
on,ounts purchaspd atone time Of not less tan my
dollars nor more than tve hundred dollars, hSe per
centum; and on amounts over i've hundred dollafs,
ten per csntum on the whole amount purchasei-
Roridsd, That lucifer or friction matches. and cl-
gdrs lights. and wax tapers, may DO remoVeu from
the place Of manufacture Tor export 70 a %iSlSn
thereto, under such rules and regulations as the Com.
missioner Of Internal Revenue may prescribe; anu
all provisions ofexistinS laws Inconsistent nete"'n
SEC. S. lad % IL farther enacted. That section
one hundred and n~ity-cight OF the act entitled an
Act TO provide internal revenue 10 support the gov
eminent, to pay interest on the public debt, anu iot
other purposes" approved July tnlrty, slShtven
hundred AMI siHty.lour, a. amended ~ r sss; ,hIr,r.m
eighteen hundred and slxy-six, oc, anu IN he,eoS;
amended by striking out the words "nity dollars
In the second proyiso. and inserting In lieu thereof
the following: double the snlout Of tax remaining
unpaid, but In no case less than I'VE uollaIS also.
oSoSiso' ami Inserting In lieu therroi the words
Eseyeniy.one:" also, BY striking out the words sixty
sevrI." In the last provlso. and inserting In lieu there
SEC. & 1ad BE- Il JuSthr snaeisd, That here shall
be levied and collected annually, as hereinafter pro-
vided, for the years eighteen nanarSd anu a sSrsr'S \
tax OF two aud onc-half per ccntum upon the gains
profits. and Income Of every person residing ~ Tue
United States, ami OF every. citizen OF the Unllti
States residing abroad. derived from any source
whatever, whether within or without the lliltei
States, except ss hereinafter provided. and q like taS
..,. IN. ,t.Ant, cha salpS nFDnlk anil Incnnle ucf1kNu
nom any business. trade, or profession carried on ~
the United States by any person reudliH. wltnoht
the United states. ana nov = = e" IiNt,. sIs s,s,s, nxpciI
by any person residing without the United States
and not . citi, en- thereof. "
SIC. 4, dad be it further osaefsd: That In estL
mating the gains, profits, ami income OF any person,
tberc shau b Included all income derived from any
kind Of property, rents, interest received or accrued
mon allnotes. 6onds. and mortgages. or other forms,
OF indebtedness bearing interest, whether paid or MOI
II good and collectable. Interest upon notes, DonIs
or other securities OF the United States, anu the
amount Of all premium on gold and coupons; the
gains, profits. and Income ofany business, profession
traie; employment: once 1s o No nav %ur ,.rSiess n
the civil, military. naval, or other service OF tIs
Unitel States. or as senator. representative or deiv
Which. under authority OF acts Of Congress previous
hereto, q tax OF I'VE per centunl shall nave oteI
withheld, the share Of any person " the gains and
prouts. whether divided or not, Of all companies OF
partnerships, but not including the AMOUNT received
from any corporations whose officers, as authoflLey
| u nSs NlNuubla 8ay " -
the dividends made, aud OF Interest or coupons paid
by such corporations profits realized wlthln ths
Years previous to the year for which Income Is rslf
mated; the amount VI sales OF live STOCK, sugar
wool. butter, cheese. pork, oeci. mutton. or otne'
auctions, being the growth or produce ofthc estate o.
such person. but not including any part thereof con
pIonts. and Income drswniron any source Whatever
but not Including the rental value OF the homestead
used or oecupIed by any person; OF BY MS ,1nnlly; q {,
naval nensioirs allowed oany person under the law;
OF the United States. and the sum OF two thousand
dollars OF the gains, profits, and insoine OF any pTr
son, shall be exempt from said Income taI, II
the manner hereinafter provided. Only one deiuc
ton Of two thousand dollars shall be made from tlt
aggregate iAcome OF all the members OF any family
COMPRISED OF one or both parents and one or mort
mlno. children. or o fhusbsnda and wife; but when
wife has BY law a separate Income, beyond the con
from him, such deduction shall thenbe made from hei
Income, gains, and profits; and guardians anu trus
tees shall be allowed to make the deduction III ihvol
OF each ward Or beneficiary except that IN case U
two or more wards or bcnedclares comprises IN oii'
finily, having joint property interest, only one de
nose OF allowing said deduction from the income @
any religious or social community holding, all theli
property and the income therefrom Jointly and U
Common, each five OF tho persons composing such
society. aud any remaining fractional number OF
such persons less than i've over such groups
OF i've. shall BE- held to e0a ,Sau,sn5 " , doIIny.
shall be allowed for each Of said families,
Any taxes on the Incomes, gains, and prontSo OF such
Collected according to this provision. except that the
deduction shall he only one thousand dollars lot any
year prior to eighteen hnndred ana seyenty, .,,t-
tIon TO the exemptions provided In the processing
section. there shall be deducted from the gains,
soSn,r. ami ami mSnisipsi isIS paid by him Within the
wear, whether such be owner, tenant, or nlottKaRer;
all his losses actually sustained during the year
arising from iirrs, Hoods, shiprreek. Q, insufrea N
Guiding all estimates depreciation OF values; Tie
amount OF interest paid during the year. AMI
the amount paid tor rent or labor 10 cui-
tiyate land. or to conduct any other busl.
ness IRON which Income Is derived; the amount
paid for he rent Of The hSg's :, Or s, prs s,M,sy o sSS ass
amount paid out for usual AMI ordinary repairs. NO
deduction shall BE- made for any amount pail out ior
new buildings, permanent improvements. or better
nents made to Increase tho value OF any property Of
estate.
hcrrinbciore provided shall be assessed upon the
gains, profits. and Income for the year ending on
the thirty-trst day Of December next preceding the
time for lrvyinX and collecting said tax. and shall
be levied ON the nrst day OF March. ~eigetecn hundred
and seventy-one and eighteen hundred and seventy
Two; "a an S1 ri d IN . and p of ala years. And In addition
To any sum annually ,fus ant unpaid after the thir
tIrth lay Of April, and for ten days after notice and
demand there0fby the collector, there shall be levied
and collected, Us 4 penalty. the sum or 1--WE per cent,
um on the amount unpaid, and Interest on said
amount ut the rate OF one per sentunl per month
L INNNIN LUN IINC LAN 1@A1. hA
estates OF deceased. insane, or insolVent persons. =,
SEc. n. Aad Be IL further ssacted. That 1t shall
b. the duty Of every person OF. lawful age, whose
gross income during the preceding year eNceesied
Two thousand dollars, TO make and render q return
on or before the day designsted by law, to the assist
ant assessor OF the district In which he resides OF the
gross amount oil his income, gains, and proats n,
aforesaid; but not including the amount received
fr6m any corporation whose officers. as authorized
hy law. withhold and pay as taxes per ccntum Of the
Dividends made and Of the Interest on coupons paid
by such corporation. nor that portion OF the salary Of
ray received, for services In the civil, military. naval
or other service Of the United States, or as senator
representative, or delegate In Congress, from which
tax has been deducted, nor the wages OF minor child
rcn not received; AMI every guardian and trustee
executor or administrator, AMI any person acting
In any other iduciary capacity; or as resident agent
for, or c~opartner Of, any nonresident allen, deriving
Income, gains, ari profits from any business, trade,
or profession CARRIED on In tho Quilted States. or irOnl
rents OF real estate situated therein, shall make and
render a return as aforesaid TO the assistant aSsesSpf
Of the district In which he reside, OF the amount OF
Income. gains and pronts OF any minor or person for
whom he acts. The assistant assessor shall require
every such return to be verified by the oath Of the
party rendering it, and may Increase the amount Of
ans return, aler notice to such party, II he has
rrAson to believe that the same "a unidentified. In
case any person having q Eross Income as above. Oi
two thousand dollars or more, shall neglect or refuse
10 make AMI render such return, or shall render 4
faise or fraudulent return. the assessor or the assistant
information he can obtain by the examination ofsaId
person, or Of his books OF accounts. or BY any other
evidence, and shall add. as u penalty, to the amount
ofthe tax due thereon, my per ccntum In all cases
Of wil,ful neglect o. refusal 10 make anI render a re-
turn, and one hundred per centum In all cases Of a