Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-11-09
Approved, July II. $50.

act TO provide Internal revenue to support the gov
ernment, to pay interest on the puolle aeot, aha ~.
other purposes" approved June thirty, eighteen
hundred and sixty.four. as amended by section nine
OF the Internal revenue act approved July thlriecn,
~elgeteen hundred and sixty,slx. anu as anienGcu "
section two OF the internal revenue. act approved
March two. eighteen hundred and siNty-seven, be,
and the same are hereby. reDealed; but thlsac shall
moi be held to repeal or In any way Affect the special
tax on brewers imposed by said section, or the spec
Ia taxes imposed by the act approved Julyt twenty.
hundred and sixty-elght, enttled An act
imposing taxes on distilled splris anu topacgo, anu
SEc. ?. Had be 10 further enacted, That on ana
after the tirst day Of October. eighteen hundred and
seventy. the several taxes on sales imPoceo oS ane
ccpting such taxes on sales ~ are by existing law
paid By stamps. and the taxes on sales OF leai ZODIAC,
co. manufactured tobacco, snuI,. elgsrs, ioIsign anu
act, approved July twenty. eighteen hundred and
sixty-cight. and acts amendatory thereof, be. and the
same arO hereby, repealed. .
slc, !, Aad BE- Il further enacted. That on and
amer the frst DAY otOctober, eighteen hundred and
seventy, the taxes imposed by the Internal revenue
laws, now In force. herein specified, be; AMI ths same
are hereby, repealed, namely: on Arucirs hscneuuIe
A; the special tax on boats, barges and nats; On ie.a'
cies and SUGGESTIONS; on passports; and on gross re-
ceipts.
the mrs, day ofOctober eighteen hundred and seyeuty,
the stamp tax imposed In schedule b on prOnISory
notes for a less sum than one hundred dollars, antoii
receipts for any sum ofnioney. or for the payment o.
on camel and preserved fish. be, and the same ara
hereby, repealed. And no stamp shall be required
upon the transfer or assignment OF niortssgs, whe eI
n or the instrument Il secures has been once duly
slammed. And the proprietor or propretors OF ar.
ticlcs named In said scheduled, who shall furnish us
or their own die Or design for stamps 10 DC used es,
peclally Tor his or their own proprietary Articles, snal
he allowed the following commissions, naihely: Oh
amounts purchased at one time OF not less t1an Mty
dollars nor morethsn nye nandrcd IS nt, n a,"i, PEI
ten per csntum on the whole amount p~urchlSeu'
Iroriiei, That luciier or friction MATCHES, anu CT
CARS lights. and wax tapers. may b. removed ironi
Inc place Of manufacture Tor export 10 ! foreign
country without payment OF tax. or affiNing stamps
thereto, under such rules and regulations as the Com.
ali provisions otcxistlng laws Inconsistent herewith
are hereby repealed.
SEc. 5. Aad DC Il further eaaeted. That section
one hundrei and nity.elght Of the act entitled "Au
act to provide Internal revenue to support the gov
ernment. to pay Interest OH the public debt, anu iOI
other purposes" approved July tnirty. signIfen
hundred and slxty.iour, IS amended by section nine
Of the internal revenue act, approved July tnirteen'
eighteen hundred and ~siSty-siS, be. and Is hereby,
amended by striking out the words 'niIy a9lIars
In the SECOND provisO. and Inserting In lieu thereof
tue following: double the aIloat of tax remaining
unpaid. but In no case less than ave dollars also:
BY striking out the words "'sxty,slS' In the thiru
pruvlSo, and inserting In lieu thereof the words
seventy one:r also. by striking outthe words sixty
seveii' In tho last proliso. and Inserting In leu there'
SIC. q, IndL Il Jsrih~r ssocisd, That here shall
be levied and collected Annually. aS hereinafter pro-
vIded. for the years eighteen hundred and seventy
and eighteen hundred scvcnty-one. and no longer, a
tax Of two AMI one-half per centum upon the gains
profits. AMI Income Of every person rcsidinS IN the
United States, ami Of every citizen OF tile ciued
States residing abroad. derived nom any source
whatever, whether within or without the United
States, except az hereinafter provided. and u IKE tax
annually upon the gains, profits aud Income derived
from any business. trade. or profession carried on IN
the United States by any person residing. without
the United States. and not q citizen thereof orirom
rents OF real estate within the United states Owned
by any person residing without ths United States.
and not a citii Ell thereof. -,
SEC. :. Aad De- Il farther enacted: That In csti'
mating the gains, profits, and Income OF any person,
there shall be Included all Income derived from any
kind oi property. rents. interest received or accrued
upon all notes, bonds. and mortgages, oroineI iothiS;
II good and cOllcctab!c. interest upon notes, bonds
or other securities OF the United states, AMI the
amount Of all premium on gold and coupons; the
gains, profits. and income ofany business, profession.
trade. employment, Office, or vocatlon: lncluuing
any amount received as salary or pay for services IN
The civil. military. naval. or other ss.T,ee OF .ns
gate In Congress: except that portion hereof from
which. under authority OF acts Of CONGRESS previous
Withheld, the share OF any person OF the gains and
profits, whether divided or not. OF all companies or
partnerships, but not including the amount received
from any corporations whose officers, as authorized
by Law. withhold any paw as taxes a per centuni ol
the dividends made. and OF interest or coupons paid
by such corporations: profits realized within tht
year from sales OF real estate purchased Within TWO
wears previous 10 the year for which income Is estf
natsi; ths amount OF sales OF live STOCK, sugar,
wool. butter. cheese. pork, beef. mutton. or other
meats, hay and grain, fruits, vegetables. or other pro
ducti0nS, being the growthOr produce ofthe estate Of
such person, but not Including any part thereof con
sumed directly by the family; and all other gains,
profits. and income drawn from any source whatever,
but not Including the rental value OF the homestead
SEC 5. lad &c iiJsrtl1~ eSas;si. That military or
naval nenSi"lS allowed I oany person under the laws
ofthe United States, and the sum OF two thousand
dollars OF the gains, profits, and income Of any per
son. shall he exempt from said income TAX, IN
the manner hereinafter provided. Only one deduc-
ton Of two thousand dollars shall be made from the
aggregate income Of all the members OF any family
composed fone or both parents and one or more
minor children, or Of husband and wife; but when o
wife has by law a separate Income, beyond thu con.
troll OF her husband, and ID living separate ana apart
from him, such de,iuction shall then be- made ron her
incurc, gains, and prOnts; and guardians and ttus.
fees shall BE- allowed TO make the deduction In favor
OF each wari or beneficiary except that In case VI
two or more wards or beneilciaries comprised In one
duc,ion shall be made In their favor. For, III" pur<
pos. ofallowinS said deduction nom the Income OF
any 4. .slUus or social community holding all thclr
property and the income therefrom Jointly and In
common, each five of the persons composing such
society. and any remaining fractional number OF
OF ave, shall be held to constitute a family.
ami u deduction OF two thousand dollars
shall be allowel for each OF said families.
ANY taxes ON the Incomes. gains. and prOntsOi such
now due and unpaid, shall be assessed ami
collected according. TO this provision. except that the
shall be only one thousand dollars iVr any
year prior 10 eighteen hundred and seventy. -
SEc. y. And BE- t. further enacted. That In add.
ton TO the exemptions provided IN The preceding
there shall be deducted from the gains.
and Income OF any person Al national. state,
county. and municipal taAes paid by him within the
year, whether such BE- owner. tenant. or niortSa-er;
Ill his losses actually sustained during the year
lrisIng from fres, floods, ~shipwreck, or incurred In
,rade, aud debts aScertained 10 be worthless, but eS-
.luding all estimated depreciation Of values; the
mount Of interest paid during the year. nnI
- wy,n,.N Natl fnT rant mr. llhnF IN Cnl-
lya;e land, Or to conduct any other busl-
from which Income II derived; the amount
for the rent OF the house or premises occupied
u a residence for himself or his family, ana the
amount pait out for usual and ordinary repairs, No
shall be mrde for any amount paid ont for
rev buildings. permanent improvements. or better
nrnts made to Increase the value Of any property or
SIC. 10. And be IL further enacted. That the tax
profits, and income for the year ending on
he thirty-nrSt day VI December next preceding the
for lcvying and c%ollcct!ng said tax, and shali
md seventy-one and eighteen hundred and seventy
and BE- due and payable on or beiorcfhe thlrtleth
OF April In each oI said years. And In sidlti3n
l.th DAY OF April. and for ten days Hfter notice anu
leniand thereof by she collector, there shall be levied
md collected. as a penalty, the sum OF i've per CEN,
at the rate OF one per centum pc. month
rom the time the sam" became due. except from the
S sSe. H. Tnf Be- e 5artier saSeisd. Tku, il shall
V the duty Of every person OF AWFUL age, whose
TOSS income during the preceding year exceeded
thousand dollars. to make and render a return
N or before the day designated by law. TO the assist
mt assessor Of the district In which he resides 81 tile
'rosS amount Of his income, gains, una rronts as
but not Including the amount received
rom any corporation whose officers. as authorlLeI
y law, withhold and pay astaNeSa per ccntuniOt tne
n ii,nds made and OF the Interest on coupons paid
~ such corporation, nor that portion OF the salsry or
,ay received, for services In the civil. military. naval,
n other service OF the United States. or as senator.
representative. or delegate In Congress, hom which
Az has been DEDUCTED, nor the Nages OF minor chilu-
en- not received: and every guardian and trustee,
or administrator, and any person acting
or. or copartner OF, any nonresident allen. deriving
income, IAinS, and profits from any business, trade,
" profession carried oni In the United States, or from
rnder a return as aforesaid 4 to the assistant Assessor
II the district In which he resides OF the amount or
income, gains AMI profits OF any minor or person for
xhom he acts. The assistant assessor shsll. require
very such return 10 be verified by the oath OF the
,srty rendering Il, and may Increase the amount. OF
return, amer notice TO such party, II he has
Jason TO believe that the same Is understated. ln
1asc any person having a gross ineoine "a above, OF
Thousand dollars OF morc. shall neglect or refuse
o make and render such return. or shall render u
or fraudulent return. the aSscsSoro the assistant |
Issscsor shallmake such return, According 70 the best
niOTmatlouh he can obtain by the examination vfShd |
srson, o. of his books or accounts. or by any other |
and shall add. as q penalty. to the amount
the tax Jue thereon, my per centpm In all cases
& willfnl neglect @. refusal 10 mako aid render q re-
alsc OF fraudulent return having been rendered. The
and the addition thereto rs penalty shall be as
essel and collected In the manner provided for In
sses Of winiul neglect or refusal to rcTccr \ return.
r II rendering u false or fraudulent return. But no
'enalty shall be assessed upon any per.on for such
peglcct or refusal. or for making OF rendering . false
e fraudulent return, except after reasonable notice
fthe time and place efhs1ring. to be regulated by the