Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-10
LAWS OF THE UNITED STATES.

sr,,iins from Ares. floods, shipwreck. or incurred 10
trade, and debts asccrtaned 70 oe WoitnivsS, y no
Guiding all estimated depreSiaIron ,%s SesSs AMI
tho amount paid for rent or iaDS5 ~ huu.
tivate land, or to- conduct any oineI pun
ness from which income is dervcu; ~ = ocrnDied
as q rrsiience for himself or his family. ana Nc W
amount paid out for usual and ordinary repairs:, ~, AZ
deduction shall be made for any ainouh, pau nv Set,cr.
mens made TO Increase the value OF any property u
estate. NV. -. ..x
hcreinbeiore provided shall be assessed upon the
gains, profits, and income for the year cndlng on
the thirty-hrst day OF December next preceding tnS
J n for leyyins and collecting saa dIt Iss. ah hap sGed
and seventy-one and eighteen hundIcd anu scNshts,
two. and be due and payable on or bcfore,the tn,Iiietn
dy Of April In each Of said years: ana IN , nndi ,hIr,
tieth day OF Aprl. and for ten days after noiles anu
demand thereofby the collector. there shall be LEVIED
AND, and co sOll let :m rs a penalty nnS.id 'he n sTnl , St ars p on s saIi
amount at the rate OF one Per centum per niontn
from the time the same became due, except from tue
estates Of deceased, insane; or inso!ssnI ReI' !, .noll
be the duty OF every person OF lawful age, WHOM
gross income during the preceding year exceeded
two thousand dollar; to MAKE ss a NS Id ,snd io ,h y r assist,
ant assessor OF The district In which ne resides OF the
gross amount Of his income, gains, and pronts ~
aforesaid but not Including INC alnSsh su tSsSsl,yeId
by law, withhold and pay, astaSesa per eentnmoi w
dividends made and Of the Interest on coupons palu
by such CORPORATION, nor that portion OF the salary OF
pay received. for services In the civil. military. naval,
or other service OF the United States, or as senator.
representative. or delegate IN Congress. from when
tax has been deducted, nor the wages OF minor child
rem moi received; and every guardian and trustee,
executor or administrator, and any person actlng
IN any other adaSiSry Ssp ponI! ". G Sda Ssn n Ifslae det 9STnt
income, gains, and profits froin any business, trade.
or profession carried Oh ~ the Cnitcd states. or rom
rents Of real estate sl,us.s q ,ne Ks. sI.a,t max ssses snr
OF the district in which he resides OF the amount OF
Income, gains and profits Ofuny minor or person ior
whom he acts: The assistant assessor ss shat b I " III
party rendering II, and may increase tne amount oi
any return, after notice 10 such party. " ne mas
reason TO believe ihst inc sanls rs unuersu SHoSc IN ~
two thousand dollars or more. SHAH negiect or REFUSE
to make and render such return, or shall render a
false or fraudulent return, the Asscsanro OF tine assistant
asS,cSor shnilmake such return, according to the best
inlormAtlonhe can obtain by the examination OF sid
person, or Of his books or accounts, or by any otnei
and shall add, asa penalty, 10 tue amount
Of the tax due thereon, my per ccntum In all cases
OF wlllful neglect o. refusal TO make and render a re-
turn. and one hundred per centnni W an cascs T ~ u
tax and the addition thereto a. penalty thaii NC as
srSscd and collected In the manner provided loI III
cases Of williul neglect or refusal 70 render d ~, NJ
penalty shall he assessed upon any person. Tor silch
Neglect or refusal, or for making or rendering a false
or fraudulent return, except aver rcasonIp y, hr Inc
Commissioner OF Interntl Revenue, 30 as to give Tue
person charged MI opportunity 70 oe nealui .I0.
ridsd. That no collector deputy 70 sS ba S,SpIisSsd in any ny
manner such Income returns, or my pait lnctsDi.
except such general statistics. not Specifying w
under such rules and regulations as the Commissions
er OF Internal Revenue shall prcSrriDc.
SIC. Il. Andb be Il further oIdeled. That when thc
return OF ans person Is ineIraSei " th no as.S snI S me-
counts and be permitted TO PROVE anu urclare, unuri
oath, the amount Of Income liable 10 DC assessed;
but such oath and evidence shaI moi &c so onS rsHss
shall be allowed until approved by the assistant az
seS0r. Any person may appeal fronl inc decsion
OF the assistant assessor. In such cases, 10 the nSrss-
or Of the district, aud his decision thereon. unless re-
vcrsrd BY the Commissioner OF Internal Revenue.
shall be iinal. The form, time. and llannerot pro
scribeI By the Commissioner OF internal Revenue.
SEc. ~. Aud be Il further enacted. That any per
son, In his own behalf. or as such hduciary Q, ase,t'
an ali he permitted TO declare, under oath, thnt me-
or his ward, beneficiary. or principal. was not pos
seSsed of an Income Of two thousand dollars, lnDie
TO be assessed according 10 the provisions OF thIs ncl;
or may declare that All income tax has been assessor
and paid eisnwher In the same year, under autioIl,
~ ofthc United States, upon bis Income gains, ann
profts, or those Of his ward. beneficiary. or pflnsl'
pal, as required BY ] and II the assistant assessSs
shall be satisfied OF the truth OF the declaration, sueh
person shall thcrcnpon be exempt from income tAN
sxc' H. And be II further enacted, That consuls
Of foreign governments who are not citizens OF tue
United State, shall be exempt rom any income taN
Imposed by this act which may be derivrd from thelr
ofnciaI e~niolumenu. or from property IA foreign
countrln: Provided. That the governments Wnleh
such consul, may represent shall sxtenh s'hAP
emptIon TO consuls OF tho United States.
SIC, Is. And be II further eHacf@i. That therS
shall be levied ani collected for and during the yea!
eighteen hundred and seyenty-0ne q tax,ot wo ahu
one.half per centum on the amount OF all interest OF
coupons paid on bonds or other evidences OF ioDt "
sued and payable In ono Ar more years amer date. Oy
any Of the corporations In this section herelnaltei
enumerated. and Oh the amount OF all dlvlIcnus W
earnings, income. or galus hereafter declared. by any
bank, trust company, savings irsutution. INSURANCE
company. railroad company; canal coinpan!I Iu.r'
pike company, canal navigation cor,pany. and SLACK
water company, whenever and wherever tue same
shall be payable. and TO whatsoever person Tue sanne
may he due, Including non.resldents, wlisthcI citI
zeus or aliens, and on oil undivided pronts OF any
such corporation, which have accrued and been
earned and added to any surplus, contingent or Other
fund, and every such corporation having lAid thc
tax as Aforesaid, Ia hereby nuthoriIcd 10 deduct ana
Withhold rom any payment on account OF Interest,
coupons. and dividends an amount equal 10 the taS
oftwo and one-half per ccntum on Tue same ana
Law! on the amount Of TAX 90 deducted nom the m.
tercst, coupons, and dividends Aforesaid. shall dis
charge the corporation from any liability, Tor tiai
amount ofsaid Interest, coupons, or MISUNDERSTANDING
as due TO any person. except IN caas where said
corporatlons have p~rovtiei Otherwise by an express
contract: Provided. That the tax upon the dividends
ofipsurance companies shall not be deemed due un.
IN such dividends arc payable, either IN money or
otbrryisc, and that the money returned by mutual
Insurance companies to Their p S's siia%sS 3; h n.Id 'a u
the dcpositors In savings banks or savings lnsltu.
lions, shall not be considered as dividends, and that
when any dividend Is made or Interest as aioreaGid
is paid, which includes any part OF the surplus or
contingent fund or any corporation which has hccn
assessed and the tax paid thereon, or which lneIldcs
any part OF the dividends. interest or coupons re-
cciyrd from other corporations whose officers atclu.
thorired by law 10 withhold a per crntunl on the
same, the amount OF tax 80 paid on that portion oi
lax which has been withheld and paid on DIVIDENDS.
interest, or coupons so received, MAJ be deducted
from the tax on such dividend or Interest.
SEc, IL. 1ndbe IL further enacted, Thatevery per.
son having the care. or management OF any corpora'
tion liable TO b. taxed under thu last preceding sec
lion, shall make aud render to the assessor or assist.
AMI assessor Of the district In which such person has
his 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
bec0me due or payable AS Aforesaid, q true and com.
plete return. In such form rs tue Commissioner u
Internal Revenue may prescribe, OF the amount oi
theTe shall Be annexed thereto a declaration OF tho
president, cashier, or treasurer OF inc sorpofation.
Under oath. that the same contains q true and com.
plete account Of the Income and profits andoi taxes
as Aforesaid. And fol. any default IN the making or
rendering Of such return. with such dcSnIauoh ah.
ncxed. the corporation 20 y default sha,i iorieli, asa
penalty, the sum OF one thousand dollarsl and In
case OF any default In making or rendering SAID re-
turn, or OF any default In the payment OF the TAX as
required. or q any part thersSI. ne "a. Ms; Sc ~ .rco ar!
VI ~ va Atb y s"fNs
ancc with the general provisions oflaw IN other cases
OF neglect and refussl..
SIC. il. And be Il Further Enacted. That sections
ono hundred and twenty. one hundred and twenty.
one, one hundred and twenty-five. and one hundred
and twenty-thrce Of tho act Of June Thirty, eighteen
hundred and slSty.iour. entitled An act to provide
internal revenue TO support the government, 10 pay
interest on the public debt, and for other purposes"
As amended By the act Of July thirteen, eighteen
hundred and ~sIxty-sIx. and .thc act Of March two,
Eighteen hundred and sixty seven. shall be construed
10 impose the taxes therein mentioned 10 the INST
day Of August, eighteen hundred AMI seventy. but
after that date no further taxes shall be leSisJ or as.
scr-eL under said sections: and all acts and parts OF
act, relating 10 tho taxos herein rspoaled. and .taGi
force for lcvying and collecting all LAKES properly A..
seEsed or liable to be assessed, OF. accruing under the
provisions OF former acts. or drawbacks. the right TO
which has already accrued or which may hereafter
tlnuing liens, lines, penalties. and fogfcitures Incurred
under and by virtue thereof And this act shall not
be construed TO Affect any act done, right accrued. or
penalty incurred under former acts. but every such
right Il hereby savei. AMI for carrying out and
all proceedings which have heeil already
or that may be commenced 10 enforce
such Ones. penalties, and torisIturcs, or criminal nro.
under said acts. And for the pun!shneIt Of
cnmrsof which any party shall be or has been found
guilty.
ldcnt Ia hereby authorized TO annex TO, and unite
each other. two or more adjoining collection
whenever In bis opinion II will reduce the
OF collecting the internal revenue. without
lmpairing the efficiency Of the scrvice and there
npon shall retain but one collector and me assessor
for such enlarged district. And the President !, also
authorized 70 consolidate In like manner, At his dis
cietion. any two or more adjoining supervisors dis
tricts. and 70 retain or appoint ono supervisor for
such consolidated district, .
Src. 10. IuI De II further ,saeted, That O, so0n
~ practicable after the passage OF this act the num-
Der or assistant ASSESSORS employed shall be pcrma-
nently reduced by the discharge OF all Officers or that