Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-14
LAWS OF THR UNITED STATES.

trade, and debts lscertained 70 be worthless, but ex-
Guiding all estimated depreciation Of values; me
lie amount paid for rent on labor 10 euL
tivate land. or TO con uct any 9thcr ousi,
ncs. nom which income !. derived; tne sfnoInt
as . ~reGidenee for himself or bis tanlly, ana t.e
amount pail ont tor usual ant ordinary repairs: no
de iuction shall be made for any amount paid out ior
new buildings, permanent Improvements. or better.
ments mAde 70 lncrease the value OF any property Ut
estate.
hereinbefore provided shsll be assessed upon the
rains, profits, and Income for the year ending on
the tIirty-ast day Of December next preceding me
be levied on he nrst day or March. eigcteen hundred
and seyenty-one and eighteen hundred and seventy
two. and be due and payable on VI before the tniItietn
o. any sum annually due and unpaid after the thir,.
tIpth day OF and for ten days AFTER notice AM
demand thcreofby the collector. there shAu DC lev:eo
uin on the amount unpaid. and interest on SAID
amount at the rate OF on. per centltn per rvonth
from the time the same became due. except ON the
SEE Ii. Isd BE- Il further enacted. That 1t shall
SToss income during tie preceding year exece ed
two thousand do lars, to make AMI rcnier a return
on or beiorr the day designated by Law, to the assist
amt assessor OF the district In which he resides tine
gross amount Of bis Income. e. .,, ami pT TcssIvs a
fam any corporation whose oncert. az autnoL.,su
Iy law, withhold and pay a. taxesa per ccntumoIt ne
dividends MhuC aQu OF tHc luLCICok III NRupNus 49,
nv such CORPORATION, nor that portion Of the salary or
pay receiver. for Serviees In the eivi', military. naval
or other service Of the United States, or as ssnato,.
eprescntAtlye or delegate In Csngress, roin which
tax mas bsen dcductei, no. the WAGES OF minor child.
rem not received: AMI every guardian anu trustee,
executor o. administrator. anl any peLspn aesins
in any other nducIary capacity; or asa resident hScht
FOR. or copatner OF any nonresident alien. deriving
Income, gains. and profits from any business. traa.,
or profession carried on In the United safes. o. tnM
rents OF real estate situated therein. shall MAKE anu
render a return Is Aforesaid 10 the assistant assessor
OF the district In which he resides OF the amount OF
Income. gains And pronts OF any minor OF Persoh ol
whom he acts. The assistant assessor snail require
every such return 10 be verified by inc oatn OF Tue
party rendering II, and may Increase the amount oi
Sny rsI 10 Believe ,sst the same Is uaniers,atsi. In
case any person having 4 gross Income As above. OF
two thousand dollars or more. shall neglect or rsIuse
falSe or fraudulent return. the assessor or the n slstant
assessor shall make such return. according 20 the Dest
Information be can obtain by the examination oisua
| person, or Of his books or accounts, o. ny any otneI
evidence, and shall add. as penalty, TO the amount
OF the tax due thereon, my per centum In az eaSs
Of willful neglect O.. refusal u make ana nendel re
turn, and one hundred per ccntuni IN All chs:s nIh
falL. or frau lulcnt return having been rendered. Tue
az and the addition thereto rs penalty shall! De as
scsseI nd collected In the manner provided ior IN
esses Of wIIlful neglect Or refusal 10 render q return.
or n rendering . false or fraudulent returh' Dut no
penalty shall he assessed upr'n any person LOT shSn
NEGLECT or refusal, or for making or rendering a lLise
or fraudulent return, except after reasonable noliee
Ofthe time and place ofhea Ing, to be reSulatedo y tne
Commissioner OF Intcrntl Revenue boa y ~
person charged an opportu nifty TO be heard: Fro
ridsd, That no collector deputy collector assessor OF
a~ssistAnt aSscssor shall permit 10 be publishei ih nnE
except such general statistics. not specifying me
names OF individuals or llnis. rs enay MAKE puone
under such rules and regulations as the commission
er Of Internal Revenue shall prescribe.
SIC. u. AVID Be Il further Enacted. That ~nen inc
return OF any person Is increased By the assistant as
SCISSOR. such person may exhibit ms nooks an, a..
counts aud be permitted to prove ana declare, unusr
oath, the amount OF Income liable 10 De ASSESSED
but such oath and evidence SHALL not be conclusive
| ofthe facts, and no deductions claimed IN such cases
Sesor. ANY person may appeal from tnS ussls.on
OF the assistant assessor. In such cases, 70 tne assess
or OF the district, and his decision thereon, nnle,sre-
yerssd By tho Commissioned Of Internal Revenue
shall be nnal. The form, time. and manner OF pro-
c~eedings. shall b. subject TO regulation. 70 DC pre-
Icr,bed BY the Commissioners OF internal Revenue.
SIC. IL, Asd be IL further ssacted. That any per
son, In his own behalf. or As such nduciary or agent.
snail be permitted TO declare. under oath. that me-
ses asi Uf a.; IS1S oi Two THOUSAND doI!.T,, liable
10 oe xksek.ed according 10 the provisions OF u sa1.i
or may des,Lr that ~ an N, lneSi@ ne .y yS. IA; upIer sutSoI.
" oiths United States, upon his Income. g4'ns. ana
pIonts, OF those OF hi, ward, beneficiary. or print.
sbaIi be satisfied Of the truth Of the declaration, such
person shall thereupon b. exempt f.om iheoiac TAX
sHc' IL, And be Il further enacted. Tint eonsnis
OF foreign governments who ard not citizens OF the
United state shalt be exempt from any income taA
| lmD0Aft DY klsb ACt WHICH lUlN uShNlt ia W -.
emS,srl sHp nporiS.a, Tha. the governments which
such consul. may represent sns.i snt.na ''ni"A' :"
SIC. Is. And b 10 further rraetsd. That tnere
shall be levied RnI collecte for and durilS toe year
ci ;hteen hundred ami seventy.one atsI o. TWO shu
one.hAlI per centuIn on the amount OF all Interest or
coupons paid on bonds or other evidences OF Ieot Is,
sued and payable In one or more years siter unte; y!
xny or the corporations In this section HEREINAFTER
snnmrratsJ. AMI On the amount OF all dividends OF
earnings, income, or gains hereafter peclAred. ny guy
bank. 1 ut company. savings institution. lnsutanSe
pike company, canal navigation company. ani sack
water company, whenever and wherever the same
shall he payable. and 10 whatsoever person we SAIL
NAV be due, including non-reBlicnts, whether. Gill
IaLE or xlieIIs. aud on all undivided prom : OF any
suel corpo, alton, which have accrued and been
earned and added to any SURPLUS. eontinsen' OF S'net
tax IS Aforesaid. 10 hereby authorized 70 deduet AM
Withhold from any payment on account OF intercst.
coupons. and ~divIienis an amount equal 70 the tax
of twn and one-half per rentun on the same and
the payment ~ the CniteL States. as provided by
law. Of sas sinSun a5S q d WI 4 sS ISi .lSfcssiS, shall IL dis.
charge tho corporation from any liability fnr that
amount ofsaidintersst coupops. ordisl ieilis,clhin.d
corporstions i ave provided otherwise BY an express
contract: Proridsd. That the tax upon the dlvllenls
OF INSURANCE companies shall not be desmed due un.
iii such dividen Is are payable. either 10 money or
otherwise; ami that the money returned by mutual
Insurance companies IN their poncy.nolders, an the
annual or ssnii.annual i~ntrrr:t allowed or pald T.
Inc urpositorI In savings banks or savings institu.
tiOn,, shall not be considered ~ dividends, and That
when any ~dlvlieni 10 made or hrierest ~ aforesaid
ID paid, which Includes any part OF the surplus or
contingent fund OF any corporation which has ben
assrss vi AMI the tax pail thereon. or wulch includes
Anv part OF the dividents. interest or c"upons re-
cciv,., from other corporations whose Officers aicau'
thortIed by Law TO withhold 4 per erntuni on the
SAME, the am unit Of tax 80 paid on that portion oil
the surplu. or CONTINGENT fun,l. aud the amount "i
tax which has been withheld AMI paid on dividends.
Interest, or coupons so receive, may be deducted
from the tax on such diyi lend or Interest:
SEC. a.. Ard Be 10 FARTHER enacted. Thatevery per
am having tho car. or management OF any corpora
lion liable 20 be taxed under the last preceding sec
lion, shall mnkr AMI rem Ter 10 the assessor or assist
ant assrsso' Of the district w. which sucn person mai
his ONCE tor conducting the businss. Vi such eorpor
alton, on or b fore the trnth day OF tie monte follow
lug that In which any divl lends or sums Of money
become due or payable a. Aforesaid, a true and com
pictc return. III such form a. the Comm ssioner u
Internal Revenue may prescribe. OF the amour o.
Income AMI prodI and Of Axcs a. nfurcaid; anl
there shall be- annexed thereto q declaration OF TIC
president, caAhier, or treasurer OF the corporation
under oath. that tho samc contains = true and com
pletc account Of the Income and prodts aud Of take
a. Aforesaid. And for any default ~ the making oil
rem Iering OF such return. with such declaration an
nexed. the corporation 20 10 default shall fofht. as a
penalty, the sum Of onp thousand dollars; and In
case OF anv default IN making or rendering said re-
iurn. or OF Anv default In the payment OF the tax NJ
required. or o. any part thereof TAG assessment AMI
collection Of the tax and penalty shall be In accord
anec With IN, general provisions OF flaw In other easS'
Of neglect and refusal,
SEE. II: And be 10 ysSther sHnetsd, That sections
one hundred and twenty. one hundred and twenty.
ono, one hundred aad twenty-five, AN one hundred
and twenty.th-oe OF the act OF June thirty. eighteen
hundred and sIxty.four. entitled IAN act TO provide
Int. nal revenue TO support the government, to pay
Interest on the public debt, and for other purpose
a amended BY the act Of July thirteen, eighteen
hundred and sIxty.siy. and the act OF March two,
eighteeI hundred and Slxty-seven, shall b. construed
10 impose the taxes therein msntlonci to Tie drst
day Of August, eighteen hundred ami seventy, but
after that date no further taxes shall b. levied or as
ses'ed under sail sections: AMI all acts and parts OF
acts relating tn the taxes herein repealed. and that
all the provisions OF said acts, shall continue In full
force for levyiUk and collec lag all taxes p uperly as
scsscd or liable TO be assessed, or Accru'nH under the
which has already accrued or which may hereafter
accrue under sad acts, an for maintaining and con.
tlnuing liens, lines, penalties. and forfeitures Incurred
under AMI by virus thereof. AMI this act shall not
be construed 70 AFFECT any act done. right accrued. or
penalty Incurred under former acts. but every such
completing all proceedings which have be- already
commenced OF that may be commenced TO enforce
such Ones. penalties, and forfeitures. o. criminal p;o.
ceedings under said acts, and for the punishunent OF
eritnssofw which any party shall BE- or has hoen found
guilty.
SIC. IL. And b Il JuvfAsy snaoisd. That the Pres
ident Is hereby authorized TO annex u, and unite
With each other. two o; more Au1ining collection
districts. whenever In bis opinion II viii reduce the
expenses OF collecting the internal revenue. without
inipairine the efficiency OF the service and there.
upon shall retain but one collector an one Assessor
tor such en- arHed district. And the President j. also
authorized 70 consolidate In Ike manner, At bis dis.
cietlon. any two or more adjoining gupcI vlsors' dis.
htcts, AMI 70 retain or xppolnt one supervisor for
such consolidated distriet.
SEC. ~, AID BE- 70 further sxaelsd. That Is koon
a practicable AFTER the paSAs. OF this act the mum.
Der OF assistant assessors employed shall be perms.
nently reduced BY the discharge Of all on1ce1 Of that
clAq who are assigned specially 10 the assessment OF