Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-21
LAWS OF rHE uN1rEp STATES.

trade. and debts sscertained TO be worthless. but ex.
ending all estimated depreciation or valueA; the
tEe amount paid for rent or labor to eui.
tynte land. or TO condrct any other -ousi.
ness nom which income IL derived; the t1noIn!
paid for the rent OF the house or premises occupied
aS Q residence for himself or his family, and The
smount paid out for usual and ordinary repairs. 70
deduction shall be made for any amount paid out lol
new buildings, permanent Improvement. or better.
ments made to increase the vAlueo OF any property or
estate.
herelnbefore provided shall be assessed upon the
gains, profits. and income for the year ending on
tho thirty-nnt day OF December next preceding the
time for lcyying and e%olleet,nE said tax. and snsiI
md seventy-Onc and eighteen hundred and seventy
two. and be due and payable on or before. the thirtieth
a. Sss ,n St A sdm . ~ eafs q du S, sp seS unpaid AK af,er the ausi tsIr.
tieth day ofApriL, and for ten days after notice and
demand thereofby the collector. there shall be levied
um on tSs AMOUNT UNPAID. and interest on said
amotnt at the rate OF one per eentnm per month
from the time the same became due, except from the
SIC. Ii. Iad BE- Il J1tir enacted, That IT shall
be the duty OF every person OF lawful nee, whose
gron income during the preceding year excee.led
two thousand dollars, to make and render q return
on or before the Lay designated by law. to the assist-
ant Assessor OF the district In which he rerldes OF the
gross amount OF his income. gains, and pronts as
Aforesaid: but not including the amount receiver
from any corporation whose onlcers, as authorized
BY law, withhold and pay as taxes q per centrum OF INC
dividends made and OF the Interest on coupons pau
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 ConsIsss, rpEm SniSh
rem not received: and every guardian anu uustts,
executor or administrator. and my person acting
In any other nduclary capacity; Or as Leslaehs aSTmr
Income, gains. and profits from any business, trade.
or profession carried on In the United States. or from
rents Of real estate situated therein; sns! mSne ann
Of the district In which he resides or the amount OF
income, gains and profits OF any minor or person ior
whom lie acts. The assistant assessor shai ie9.he
party rendering II, and may Increase the amount OF
any return, after notice TO such party, u ne mas
case any person having q gross income az above. OF
two thousand dollars or more, shau negIeet or reuse
to make and render such return. or shall render a
false or fraudulent return. the assessor or the ASSISTANT
ASSESSOR shall make such return, according TO the best
he canO6taln by the examination olsalu
person. or OF his books or accounts, OF ny any otne.
evidence, and shall add, rs O penalty. TO the amount
ofthe tax due thereon, MY per rentum 10 all cascs
Of Eillful neglect .. refusal " make and render q &c.
turn, and one hundred per centuni IN Az case ~ =
false or fraudulent return having been rendered. Inc
tax and the addition thereto rs penalty snali DC as
sessed aud collected In the manner provided ior 10
cases OF wiltul neglect or rsiasa! t"Is ,nIn q f ETaui no.
penalty shall DC assessed upon any person lor suen
neglect or refusal. or for making or RENDERING . Ia,se
or fraudulent return, except alter reasonable nouce
| ofthc time and place ofhcaring. 10 be regulated Dy the
| Commissoucr OF Internal Revenue, SO us TO give the
rtdsd THAT fntr se eo tic deputy collector ,assessor. or
| assistant assessor shall permit 10 be publlsneI IN any
manuer such income returns. or any part tnefeSi.
except such general statistics, not specifying tne
names Of Individuals or Arms. as he may make public
under such rules and regulations as the Commission
er OF Internal Revenue shall prescribe,
SEC. IL. hnd be IL further enaeted, That when ue
return OF ANY person Is increased BY the assistant as
SCISSOR, such person may exhibit his BOOKS ana nc-
counts aud be permitted to prove anu declare, unut,
- ,a..ss Al NnranN HAhIR I'm he j.
but such oath aud evidence shall not be conclusive
ofthe facts, and no deductions claimed In such cases
shall be allowed until approved by the assistant as
Of the assistant assessor, in such cases, to the assess
or OF the district, and bis decision thereon, unless re-
versed by the Commissioner OF lhterhai nereI n-e
scribed by tho Commissioners OF internal Revenue.
I son. in hL own behalf, or as such ~tduciary or agent.
shall be permitted to declare. unde: oatn, tlat me-
or his ward, beneficiary. or principal; was MOI pSs.
10 be assessed according TO the provisions OF TINS act
or may declare that an income tax has hrtil assessed
und paid elsewhere In the same year, under autho.,
proats. or those OF his ward. beneficiary. or pHnci-
pal, ~ required BY law: and " me asslstant assessor
shall be satisfied Of the truth OF inc deS c iSton,: 'I asn
Sc. IT, SnI Be- Il further enacted. That eonsrls
q foreign governments who are not SrvL iSeSn y, tas a.
,mnossi Sy this act which may be derived from their
oficIul c;nOluments, or from property IN ioteisn
countrn: Prorided. That me governments Sn.sn
such consuls may represent, shall extend shillAr eA'
emption 10 consuls OF tho United states.
SEC. Is. And be IL further ehdetsd, That there
shall be lsyicd ana &c, SoI's ssv iSL aaa a tsx of two and
onc.half per centum on the amount OF all interest OF
coupons paid en- bonds or other evidences OF deot ,s !.
sued and payable In ono or more years aiter oatc. py
any OF the corporations In this section hereinafter
enumerated and on the amount OF all diSidenus OF
earnings, insome. or gains sI ns,e iSsei, utG,nti insU ~ :
company. railroad company, canal company, LoIn'
| DIX company, canal navigation company, and SLACK
sSaII he paysSlss. and 10 whatsoever person the same
may be due, Including non.resldents, whe.neI citl'
1eus or aliens. and on all undivided pronis OF any
such corporation, which have accrued anu been
earned and added TO any surplus, contingent or other
fund, and every such corporation having PAID the
tax as aforesaid. 10 hereby authoriIea ~ aedus. sna
| coupons, and dividends IN amount equal 70 the TAX
oftwo and onc-hAlf per centum on the SAME and
law OF the amount OF tax 90 deducted from the In
,crest, coupons, aud dividends Aforesaid, shall dis
change the corporation froni any liability nor That
amount ofsaid~ interest, coupons. or civldcLdH clgiinrd
as ,Iue 10 .Any person, except In cases where said
corporations have provided otherwise oy an express
OF In,afsnc r' eompanica ssaii not Ss deemed due 10.
I'll such dividends arc payable. either In money or
otherwise; and that the money returned by mutual
annual or senii.annual interest allowed or paid To
The deposItOrs in savings banks or savings institu-
lions, shall not be considered as dividends. and that
when any dividend Is made or Interest rs aforesaid
10 paid. which includes any part OF the surplus or
contingent fund Of any corporation which has been
assessed aud the tax paid thereon. or which Includes
ceivcd from other corporations whose Officers aicau-
thorlLed BY law 10 withhold . per crntum on the
SAME. the amount OF tax so paid on that portion Of
the surplus or contingent fuHi, and the amount Of
tax which has been withheld and paid on dividends.
Interest. or coupons 50 receiver, may DC deducted
from thetax on such dividend OF interest," Ts v.,v mar.
son having the care or management OF any corpora
| lion liable TO be taxed under the last preceding sec
lion, shall make and render to the assessor or assist
ant assessor OF the district In which such person has
his once for conducting the buslnssto OF such eorpor-
alton. on or b, fore the tenth day OF the month follow.
Ing that in which any dividends or sums OF money
become due or payable as Aforesaid, . true and com.
plctc return, IN such form as the Commissioner Of
Internal Revenue may prescribe. OF me amour. Of
there shall be- Annexed thereto q declaration OF the
president, cashier, or treasurer OF the corporation,
under oath. that the name contains a true and COM
plcte account OF the Income and profits and or taxes
as aforeaid. And for any default In the making or
| rendering OF such return. with such declaration an
ncxed. the corporation 70 In default shall forfeit. as
penalty, the sum OF one thousand dollars, 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 Of any part thereof. the assessment and
collection OF the tax and penalty shall be IN accord
ance with the general provisions oflaw In othcrcases
Of neglect and refusal.
SEC. IL. And De u .ytrfhT tHdetth, lnat tectIons
one hundred and twenty, one hundred and twenty;
one, one hundred and twenty-five. and one hundred
and twenty.three OF the act OF june thirty, eighteen
hundred and sixty-four, entitled IAN act TO provide
Interest on the public debt, and for other purposes"
As amended by the act OF July thirteen, eighteen
hundred and s~ixty.six. and the act OF March two
eighteen hundred and sixtyseven. shall be construed
10 Impose the taxes therein mentioned 10 the nrst
day OF August, eighteen hundred and seventy, but
after that date no further taxes shall be levied or as:
scssed under said scctlons: and all acts and parts OF
acts relating 70 the taxss herein rspeaIcd, ana l., tna a
force for lcvylng and collecting all taxes properly as
scssed or liable 10 be assessed, or AeeIuing under the
provisions orformer acts. or drawbacks. the right 10
which has already accrued or which may hereafter
accrue under said acts, and for maintaining and con.
tInuing liens, tines, penalties. and foneitures Incurred
under and by virtue thereof. And this act shall not
penalty Incurred under former acts, but ever, such
right II hereby saved. And for carrying out and
completing all proceedings which have been already
commenced d. or that may be commenced 20 enforce
ceedings under said acts, and for the punishment OF
erimssofw which any party shall be or has nesn 'ound
guilty. IT,. p,..
Ident n hereby authorized 10 annex 10, and unite
with each other, two or more adjoining COLLECTION
districts, whenever In his opinion II Will reduce the
expenses OF collecting tho internal revenue. vithout
mon snail retain BUT one collector and one assessor
FOR such enlarged district. And the President Is also
authorized 70 consolidate IN like manner, a. ht dis'
cIction. any two or more ~sdjolning supervlsort ds.
tricts, and 70 retain or appoint one supervisor ioF
SIC. 10. And b. Il Jtrthr ssdeisd, rAst a. soon
AZ practicable after the passage OF this act The num-
Der OF assistant Assessors employed snaiI % petnla.
Class who are assigned specially TO the assessment OF
sny tlxes which shall have been abolished BY law:
and the Commissioner OF Internal Revenue shall be