Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-17
LAWS OF THE UNITED STATES.

arising from fires, floods. ~Shipwreck, or Incurred In
Guiding all estimated depreciation or values; tho
amount OF interest paid during the year. and
TIE amount paid for rent or labor to cul-
ness nom which income Is derived; the amount
paid for the rent OF the house or preniscs occupied
as q residence for himself or his family. and the
deduction shall be made for any amount paid out for
new buildings permanent Improvements. or better
ments made to Increase the value OF any property or
estate. do.
SIC. 10. And b Il further enacted. That the tax
hercinbcforc provided shall be assessed upon the
gains, pronh, and income for the year ending on
the thirty-nrst day OF December next preceding the
time for levying 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. and be due and payable on or before, the thlrtleth
day OF April In each OF said years. And In addition
To any sum annually due and unpaid aner the ihir-
tieth day ofApril, and for ten days AFTER notice and
demand thereofby The collector, there shall be levied
and collected, as i penalty. the sum OF i've per cent.
UNI on the amount unpaid, and interest on said
amount at the rate OF one per eentum pei. month
from the time the same became due. except from the
SIC. II. And be u JGrtho enacted, That II shall
be tho duty Of every person OF lawful age. whose
gross income during the preceding year execeted
two thousand dollars, TO make and render q return
on or before the day designated by law, to the assist
ant assessor OF the district In which he resides OF the
gross amount OF his Income. gains. and profits "a
Aforesaid; but not Including the amount received
from any corporation whose ofhcers, as authorized
by law. withhold AMI pay as tAScsa per Genuine OF the
dividends made and OF the Interest on coupons paid
by such corporation, nor that portion OF the salary or
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 which
tax has been deducted, nor the wages Of minor CHILD.
| rem not received: and every guardian and trustee,
executor or administrator. and any person acting
In any other fduciary capacity; or as resident agent
income, gains, and profits from any business, trade.
or profession carried on In the United States. or from
rents or real estate situated therein. shall make and
render q return as aforesaid TO the assistant assessor
OF the district in which he resides OF the amount Of
Income, gains and profits o fany minor or person ,or
whom he acts. The assistant assessor shall. require
every such return to DC verified by tne oath OF uhe
any return. after notice TO such party, u he has
reason TO believe that the same Is unterstatei. IN
case any person having q gross income A. ABOVE, OF
| TWO thousand dollars or more, shall neglect or refuse
TO make and render such return. or shall render :
false or fraudulrnt return, the assessor or the ASSISTANT
usssesor shsllmake such return, according TO tue Dcsi
Inlornatlonhe can obtain By the examination oil SAID
person, or Of his books or accounts, or by any othei
| evidence, and shall add, as penalty, 10 the amount
olthc tax due thereon, my per Centam ~ sh eaS W
| turn, and one hundred per cen;uni In all cases o,
false or fraudulent return having been rendered. in'
tax and the addition thereto as penalty sinai! bc As
scssei and collected IN the manner provided for II
cases OF wlllful neglect or refusal 10 render a return
| or II rendering 1 false or fTapdulent return Dut U,
| penalty shall be Assossed upon any person io1 suci
neglect or refusal, or for making or rcnieIinSa I.lS
or fraudulent return, except alter reahonauie houS'
Oithe time and place ofheaIing 10 bercSuialeI ps ~ u
Commissioner or lnternIl Revenue, so as 10 give IN
person charged an opportunity 10 be hcitu; ITo
ridsd, Th.t no collector. deputy collector asscs,ot, :"
assistant, assessor shall permit 70 be publlsnea W ~,
manner such Income returns. or any part tncIcol
EXCEPT such general statistics, not specifying "
names OF individuals or firms. a. he may make publ
under such rules and regulations as the CoihniiSs'o"
er OF Internal Revenue shall prcScrlbc:
SEC, y. And be Il further enacted. Ihat Wncn t'
return OF any person Is increased 6y the asNstSn' ~
SCISSOR, such person may exhibit ms GoosS nn "r%e
oath, the amount Of income liable 10 Dc assessor
but such oath and evidence shgl! not 10 conriusIS'
ofthe facts. and no dcductlons claimed IN suen cas ~
| shall be allowed until approved BY the hss."tant az
scs>or. Any person may appeal from lhS decIsiof
| or the assistant assessor. In such cases. 70 the assess
or Of che !, Il ~ ,G amn hs aSeI, Of 1 inelSHT' Sevenns
| shall BE- dnal. The form, time. and mahneroi pro
c~cedings, shall be subject to regulations 70 DC pre-
scribci by the Commissioner OF Internal Revenue.
SEC. -. And be u further enacted. That any per
son, In his Ow behalf. or as such Ilduclary or agent
| shall be permitted TO declare. under oath, tnat NJ
s se. ess Of Sat an IHeome u Two thousand dollars, ,rabl,
| 70 be assessed according TO the PROVISIONS " tnis NV
or MAI declare that an Income tax has been assrsseS
| and paid elsewhere IN the Gmc year, under aulhorl
~ oftbe United States, upon his income. galiIs, an.
PROFITS, or those OF his ward. beneficiary. or primer
Pal, as required BY law and " me ~, S Sss,sqs,Is ss'I mel
person shall thcreupon be exempt hom Income t'
In the said district. ..,,
SEC. II. And De W JurtAT rnhctea' tua. y = ~,
p~GiorcIsn governments VINO are not citizens OF !h'
| United State shall he eNcnipt from any income ta'
imposed by this act which may be derived from lh.,
official cmPIumsn!s' T p5 from sSs r6SpTp,Sen NJ 'V %Sisi
such consuis may represent shall extend Similar e1
cniptIon TO consl!s OF the United States.
Src. Is, And be Il further enacted, That thcr
shall be levied and collected for and during the yea
elxhteen hundred and seventy-nnea AJAX OF Two an'
one.hAlf per centunl on the amount OF all mtefcst .
coupons paid on bonds or other evidences OF GeDt Is
| anal .nd pavahie In one or more wears cltCI Qale, ",
any Of the corporations In this section hsieIhai'e
enumerated, and On the amount OF all DIVIDENDS Q
earnings. Income, or gains hS,e in., i, ntS,n'1 in,Uyanc
company, railroad company, canal company tuILn
pike company, canal navigation company, andslAck
shall be PAYABLE. and 10 whatsoever person the sam,
may be due, including non-rcsiicnts. whether GU
Ieus or aliens. and on oil undifided pron's OF an.
such corporation, which have accrued anu beer
earned and added to any surplus. contingent or othe
fund, and every such corporation having paid IN
tax as Aforesaid. Is hereby authorized 70 deduct an!
Withhold from any payment on account OF Interest
COUPONS, and DIVIDENDS an amount equal 70 the IA!
aftwO and onc-half per centnm on the Anle ans
the payment to the United states, as provided D!
Law of the amount OF tax b deducted from the IN
terest, coupons, and dividends Aforesaid. shall dis
charge the corporation from any liability for tina
amount ofsaidintsrest. coupons, or dlvlisnis.e Iaiinr'
4, due to any person, except In cases where SAT-
corporatlonsh have provided otherwise by an express
contract: Porid<d, That the tax upon the dividend
otinslranee companies shall not &c ase IN u, oGe u y
otherwise; and that the money returned by mutua
Insurance companies TO their policyholders. and IN
annual or seniiannusl lntcIest allowed or pa,u T.
tions, shall not be considered as divldcnds, and ina
when any dividend is made or Interest as Aforesaid
is paid. which INCLUDES any part OF u INC surplus Up. ESQ o
assessed and the tax paid thereon, or which Include
any part OF the dividends, interest or coupons re
ceivri from other corporations whose ofnccTs Gscau
thoized by law TO withhold q per ccntum on III
same, the amount Of tax 20 paid on that portion Q
the surplus or contingent fund, and the amount 9
tax which has been withheld aud paid on dlvidenn'
interest, or coupons 20 received, may be deduete
from the tax on such dividend or interest.
SEC. Is. And.s a. further enacted, Thatcvery pc,
son having the sac or management OF any corpor'
lion liable to be faxed under the last preceding SCI
lion, shall make Gad render to the assessor or asSls
ant asscssor Of the district IN which such person hs
hIS onice for conducting the BUSINESS OF such corpol
alton, on or before the tenth day OF the month follow
Ing that In which any dividends or sums OF none
become due or payable as Aforesaid. . true and com
pletc return, III such form as the Commissioner I
internal Revenue may prescribe, or the amount Z
Income and PROFITS and Of taxes as Aforesaid; an
there shall be annexed thereto u declaration OF u
president, cashier, or treasurer OF tho corporation
under oath, that the same contains o true and con
plctc account OF tho Income and profits and OF take
as aforesaid. And for any default IN tho making o
rendering OF such return. with such declaration al
ncxed. the corporation 10 IN default shall forfeit. as
penalty, the sum OF one thousand dollars and y
s fasS' % Or any Of s asia aSTsuIl N %t sSe ps " Of The cI tax q o
required. or Of any part thereof tho assessment an,
collection OF the tax and penalty shall DO In accord
anec with the general provisions oflaw In other case
SEC. Il, And b. u Iwthr ssdetsd. That section
one hundred and twenty. one hundred and twenty
one, one hundred and twenty-five. and onc hundred
and twenty-threc OF the act Of June thirty, clghteer
hundred and sIStyIfour, entitled A act to provide
Internal revenue to support tho government. TO pay
intcreSt on the public debt, and for other purposes,
as amended by the act Of July thirteen, eighteen
hundred and s~IStysIx, and the act Of March two
eighteen hundred and siXtyscven. shall be construed
to impose the taXos therein mentioned TO tho nrst
day OF August. eighteen hundred AMI seventy. bul
after that date no further taxes shall be levied or as
sessed under said sections; and all acts and parts o.
acts relating ~ the taxes herein repealed. and that
all the provisions Of said acts, shall continue In full
force for lcvyiny and collecting all taxes properly as
scssed or liable TO be assessed, or accruing under the
provisions offormer acts. or drawbacks. tho right 10
which has already accrued or which may hereafter
accrue under said acts. and for maintaining and con.
tinuing liens. nnes. penalties. and foIfeitures Incurred
| under and BY virtue thereof And this act shall not
be construedt to AFFECT any act dong, right accrued. or
penalty Incurred under Drmer acts, but every such
right Is hereby saved. And for carrying out and
completing all proceedings which have been already
commenced or that may 10 cons TO enforce
such Ones, penalties. and forfeIturcs, or criminal pro.
| ceodings under said acts. and for tho punishment OF
crimes Of which any party shall be or has been found
guilty.
5Ec. u. And b u FARTHER s4dcied, That the Pres
idcnt Is hereby authorized to annex TO. and unite
with each other. two or moro adjoining collection
districts. whenever In his opinion II will reduce the
-. expenses OF collecting the internal revenue, without
lmpairing the efficiency or the service, and there.
upon shall retain but ono collector and one assessor
for such enlarged district. And the President Is also
authorized 70 consolidate In Ike manner. at hlI dis.
cictlon. any tive or more adjoining supervisors dis
tricts. and TO retain or appoint one supervisor Tor
such consolidated district,
SEC. ~. .ASdJ BE e farther esaeisd, That ~ ROOF
s p15etlsss!s after tac passage Of thI: aSt tho mum
nsntly reduced by the discharve OF all ofDcors az that