Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-19
YsoRrH UNITED STATES.

asaSs and d.Sts sscertsiaei 10 be worthless, but ex.
Guiding all estimated depreciation OF values VII
amount Of Interest paid d.nhS t ISl,oE To- chi.
tivste land, or TO conduct any 9ther onsi,
ness from which income Is derived: inc hnnoInt
paid for the rent or the house OF preinisSs M ,Se
as q residence for himself or his family, ana NJ
amount paid out for usual and ordinary repairs. 10
deduction shall be made for any amount pala Su,T !.
new buildings, permanent Improvements. VI -
ments made 10 increase tue VAiueo' ah! p'oi"''
Src. 10. And b Il further enacted. That The lax
hereinbefore provided shall be assessed uPon w
gains, profits, and income for the year chulns 3n
the tilny-nrst day OF December pcSt preceding thS
time for levylng and collecting said tax, anu snal,
be levied on the first day Of March, elIrteen nunnreu
and scvcnty-One aud eighteen hundred and seventy
two and be due and payable on or beiore,the thirtleth
day Of April In each Of said years. And III auolu3n
10 any sum annually due and unpaid aiter tne ,nlI,
demand thereby the collector. there shall be levied
and collected, as q penalty. the sum Of i've per cent;
un on the amount unpaid. and interest on saiS
from The time the same became due. except from the
estates Of deceased. insane, Or i~nsolvent persons:
SIC. II. And BE- IL further enacted. That II shall
S SS sse in Sssy o. during sESiS t Rs'I pree ~ : wye! year Sexesedsd
two thousand dollars. TO make and reInler q return
on or before the day designated BY law. 70 the ASSIST
ant aNscssor OF the district In which he resides OF inc
gross amount of bis income, gains, and prohts as
Aforesaid; but not including the amount received
from any corporation whose oniccrr, ns huthoIlLsu
DH lAN. Wll1nUlu dUu puN " \ u y N'sh
dividends made and OF the Interest on coupons pail
By such corporation, nor that portion Of the salary or
nay received, for services In the civil, military. naval,
or other service Of The United states. or as senator NS
tax has been deducted, nor the wages Of minor chlln-
rem not received: aud every guardian and trustee,
executor or administrator. aud any psrsST cn, a ssnn;
for, or copartner OF, any nonresident auen, uctlNlHs
Income. gains. and profits from any business, TRADE.
or profession carried on In tho United States. or from
.ar.ts of rcol Rsfatn aituntpu therein. Shall make ana
render a return as aforesaid 10 the assistant assessor
OF The district In which he resides Of the amount OF
income. gains and Up proaM 2, Any ,s m.SOr II shapIl require ir
every such return 10 be verified By the oath Of Inc
parry rendering II. and may Increase the amount OF
any return, after notice TO such party, " he mas
resson 70 believe that the same is iindcrstatei. IN
case any person having a gross Income as ABOVE, OF
two thousand dollars or more. shall ncSleet or rrluSc
TO make and render such return, or shau rendrr !
fulsc or fraudulent return, the assessor or the assistant
ASSESSOR shall make such return, Accounting othe pesi
information he canobtain by the examination ol sSIu
person, or Of his looks or accounts, Or ny hhy otnc!
evidence, and shall add, a. a penalty, 10 tue amount
OF the tax due thereon, my. per centuni IN az easSs
OF wilIful neglect o. refusal to make ana nenucI "
turn. and one hundred per centuil IN all cases mi .
faI,r or fraudulent return haviGg been rendered. luz
tax and the addition thereto as pcnaty Shall pr
sessed and collected IN the inan,rt p,os.rS = ,s,ur ~
or n rendering q ialse or fraudulent return. But ~
penalty shall be assessed upon any person IoI susn
neglect or refusal. or for making VI ien,~tsnS nosirS
oIthr lime and place ofhearing, TO be rcgulatcI ny wv
Commissioner vi Internal Revenue, 20 a, 10 give thS
person charged an opp3r,nn,S 70 Te n nsss.,or, OF
aysI.tant asscssor shall permit 10 bc publlsneu lanS
manner such Income returns, or any part tnersSi
cxcent such general statistics, mol specifying tmt
names OF Individuals or Trims. as he may make pnbilt
under such rules and regulations As theI oih'lIeSioh
or OF Internal Revenue shall prescribe u,,, III,
rn,uTn M any Dcrxou Il Increased by the assistant ~
SCISSOR, such person may exhibit his, books AMI &c,
counts and be p~crtnitte'i TO prove ahi ueclaIc' uliu,i
oath. the amount OF income liable TO he hs,yss,u
bIt such oath and evidence shall not be conclusive
| OF tic facts, and no deductions claimed III s,lch caNr'
shall be allowed until approved by the assistant ~"
ofthe ~nSsistu,it assessor, in such cases, TO the assess
or OF the district, and his decision thereon. nuiessie
versed by the Commissioned OF lhtcrna, nenFn nrn,
shallb nnal. Tine form. time. and maiiicrol pro
ceetlhgs, shall he subject to regulations 70 uc pre-
scribed BY the Commissioners OF Internal Reveifle.
SIC. -. AHd BE- e Jurther enacted. Lna' anS pt'
shall be permitted TO declare. under ontn' lna' w
or his ward, beneficiary, or principal, was NOT PCS,
sessed Of an Income OF Two thousaiI aoi 70 ~ sS ac'
or NAV declare that all income tax has been assessed
| and paid elsewhere In the same year, under ahthoil
~ oftbe United States, upon his Income, gains, al.
SHronts, or those OF his ward, beneficiary. or princl
bal. as required by law: and n the assistant assessor
shall be satisfied Of the truth OF the deciaIation, su..
person shall thereupoli De exempt iioi' 'nN'""' vs.
IN the said district. r, o,.,,
Of foreign governments vine arc not Srin ,rcnn,c "a, a,
Imposed by this act which may he uerlNcl iIoul Wy,
oricial enioIuments. or from property IN iptsis,
| c0untrIn: Prorided, That the governments whlSi
,uch ronSuls NAV represent shall extend similar eS
enlption " consuls OF the United States.
Snc. Is. Aud be IL further rHdct,d. Ihht lnes
shall be levied and collected for and during tue yea
eighteen hundred and scventy-one 4 tax OF TWO an
one.half per centum on tho amount oiml interest," =
coupons paid OH bonds or other evidences Of hrot y y
sned and payab,c In one or more years aUcr 'l'c. w.
any OF the corporations In this section hereihaitc
enumerated, aud oil the amount OF al dlNlIenha =
earnings. income, or gains hereafter aeSlarrl, Wy ~
bank, trust company, saSiDgs Institution, lnNurans
company, railroad company. canal company ,uItt
pike company, canal navigation company, anG siach
water company, whenever ana wherever tne MI,
shall he payable, and to whatsoever person the sam
may be due, Including non.res!dents. whether CIT
zcns or aliens. and on all undivided rrohis OF M
such corporation, which have accrued anu ne
earned aud added 10 any surplus, contingent or othe
fund, and every sucll corporation having pau w
tax as Aforesaid. IL hereby authorized TO dsrinci an
Withhold from any payment on account " li'ci.'
cOupOns, and dividends an amount eIlisl 10 the Ia
of two and one.half per centtm on tue SAME hnh
the payment to the United States. ~ provided D.
law, Of the amount OF taS ~ ic'tcted rom inc W
tercst, coupons, and dividends aforesaid, shall dis
charge tho corporation from any liability Tor tia
amount ofsaidintcrrst coupons. or dirideiIis .clSille'
s @I"e IL have provlir,i ]oti,rrwi:s by az expire.
contract: Provided, That the tax upon thcdlTt'"nl
o reinsurance companies shall not De deetieI uue un
III such dividends are payable. either IN money o
otherwise: AMI that the money returned by nIntua
Insurance cOmpanicst to their pOncy.hOierS. AM u
annual or Seni.annuaI interest allowed or paid I
the drpositors In savings banks or savings ir,stltu
tons. Shall not be considered as dividends, ani tia
when any dividend Il made or Interest as alurcshl
Is paid, which includes any part OF the surplus Q
contingent nhnd o. any i S%rp crsaH o. W When I lns, T,S.
any part Of the dividends. nterent or coupons II
ceived from other corporations whose officers ateGt
thoriEcd by law to withhold a per csliunl on u,
the surplus or contingent mud, and the amount {
tax which has been withheld and paid on ~dlv!,.rni'
Interest. or coupons 70 reeve "s may DC acdac'e
SEc. l6. Aadbe IT, further snacted. Thatevery pc
son having the care or management OF any coipori
ton liable to bs taxed under the last preceding sN
lion, shall make aud render TO the assessor or hssls
ant assessor Of the district IN which such person III
his ONCE for conducting the business OF such corpo
alton, on or before the tenth dayof the month iollov
:. become due or payable as aforesaid, a true and con
plcte return, III such form as the Commissioner
Internal Revenue may prescribe. OF The ail9un'
Income and profits and Of taxes AZ aforesaid; an
there shall be annexed thereto q declaration OF tl
president, cashier, OF treasurer OF the corporation
under oath. that the same contains q true AMI con
plete account OF the income and profits AMI OF taA'
as aforesaid. And for any default In the making {
rendering Of such return, with such declaration Al
neSed. the corporatlonso ~ default ssaII ioticN, a.
case Of any default In making or rendering salu rS
turn, or ofany default IN the payment OF the tax q
collection Of The TAX and penalty shall be In accom-
ance with the general provisions Of law in other case
ofneglect and refusal.
one hundred and twenty. one hundred and twent!
one, ono hundred and twenty-five. and one hitiidre
and twenty-three Of the act OF June thlrty. elgntse
hundred and sixty.four. entitled AM act To ptorlu
internal revenue TO support the sovernment. to pa,
interest on the public debt. and for other purposes,
as amended by the act OF July thirteen; elShteel
hundred and s~lxty-six. -and the act Of March 1--WE
eighteen hundred and sixty-seyen. shall 10 ~cotstruc'
TO impose the taxes therein mentioned 70 ihG hrs
day oil August, eighteen hundred and seventy, bu
afer that date no further taxes shall be levied or as
sessed under said sections; and all acts and parts o
acts relating TO the taxes herein, repealed, anu ma
all the provisions Of said acts, shall continue IN MI
force ssd I y, ' fsSIn 80 sh 10 s sss.ssshE Or ~ u ssrii Under III
provIsions 0 former acts, or drawbacks. the right 4
which has already accrued or which may hereane
accrue under said acts. and for maintaining aud con
tinuing liens, nnes, penalties. and forfeiturcs lncurre'
under and by virtue thereof. And this act shall no
he construed 10 affect any act done. right accrued. o
fight l. hereby saved. And for carrying out An'
completing all proceedings which have been alfead.
commenced II that may lie commenced TO eni0rc,
such lines, penalties, anu ioIisitnrss, or cnln,lI;M nfo
erimrsof which any party shall he or MS been tonn'
guilty. n.
Ident Is hereby authorized TO annex TO, and unit
with each other, two or more adjoining collection
districts, whenever In his opinion It will reduce tn
expenses OF collecting the Internal revenue. Tith0u
impalring the efficiency Of the service and there
upon shall retain hut one collector and one nssesso
for such eularsed district. And the President j. ais,
authorized TO consolidate In like manner, At hi. dis
cietIon. any two or more adjoining Eupervisors dis
such consolidated district.
SEC. 10. And u Il further esnettd, That ~ 1901
Der OF assistant assessors employed shall 10 rcrina
nently reduced by the discharge Of all otieers Of tina
class who are assigned specially 70 the assessment 0
any taxes which shall have been abolished by law
and the Commissioner Of Internal Revenue shall b