Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-15
LAWS OF THE UNITED STATES.

Guiding all Estimated depfeclAtlon ~ Nnlues' INC
tie amount paid for rent or labor 70 cut
tivate land, or to conduct any other ousi,
ness from which Income Is derived; the hmount
paid for The rent Of the house or premises occupied
as a residence for himself or his family. ana ne
amount paid out for usual and ordinary rspaire. ~
deduction shall be made for any amount paid OUT or
new buIlIIngI, permanent improvements. or better
ments made TO Increase the value OF any property OF
estate. a.g-.,
hcreinbeforc provided shall be assessed upon the
gains, profits. and income for the year ending on
the thirty-tirst day Of December next preceding the
be levied on the INST day Of March. ~eieeteen hundred
and seventy-onc and eighteen hundred and seventy
two.a and be due and payable on or before,the tniitietn
10 any sum annually due and unpaid amer the thir.
tieth day OF April. and for ten days Alter notice AND
demand thereofby the collector, there shall DC lev:ea
UNI on tho amount unpaid, and interest on said
amount at the rate Of one per sentum per month
from the time The stnie became due. except IRON the
SEC. II. Aad BE- i further enacted, That It shall
be the duty Of every person OF lawful age, whose
Eos: income during The prsSs DIM s yeS5 e . IssnT1
on or before the day designated. by hw, TO inc assist
ant assessor OF the district In which he resides o. Tue
gross amount NJ Of b; , inSSTns, X, Ss,n Amount sSa pr reesIvs si
from any corporation whose officers, as nutnott.eu
by law, Withhold and pay as taxesa per ccntum oIthe
dividends made and OF the interest on coupons pail
BY such corporation, nor that portion Of the salary or
nav received. forservices In the civil. military. naval,
or other service Of tho United States, or as senator.
representative, or delegate In Congress, rom WHICH
tax has been deducted. nor the wages OF MINOR enild'
rem not received: and every guardian and trustee,
executor. or administrator, and any perspn aStng ;
for, or copartner Of, any nonresident Allen, deriving
income, gains, and PROFITS from any business, tIaar,
or profession carried on IN tns s United . S,Ii' make \ AM. md
render q return "a aforesaid 10 the assistant assessor
Of tho district In which he resides OF the amount OF
income. gains and profits iany minor 81 ssI pe's Tenu igs
every such return to be verified by the oath OF inc
party rendering II. and may Increase the amount OF
any return u n.I amer ,5 nSt, ne 80 saS !, hRn ntts, a In
case any person having . gross Income as ABOVE. oi
two thousand dollars or more. shall ncglect or reiusc
lIlsc or fraudulent return, the Asseisor or the assistant
asssesor shAllmake such return, accordlnci 10 tnc pcst
Information he ehnobtain by the examination odsaiu
person, or Of bis books or accounts, or ny any olnet
evidence, and shall add, rs u penalty, 10 the ailouht
OF the tax due thereon, my per centum 10 an CASES
OF Willful neglect o. refusal to make ana renaet r.
| turn, and one hundred per centunl IN al cases ~, a
false or fraudulent return having been rendered. lhe
tax and the addition thereto rs penalty shall De as
seSsed and collected IN the manner provided ior IN
cases or Willful neglect Or refusal 10 render q 5eturn,
or III rendering q false or fraudulent return. Bul no
penalty shall be assessed upon any petson ior suSn
neglect or refusal, or for making or rendering a las
or frauduIent return, except after reasonable notice
ofthe time and place ofhearlng, to be regulatcup y tnc
Commissioner Of Internal keSsnac, 70 10 az h % si.ep ~
ridsd. That no collector deputy collector, assessor, or
assistant assessor shall permit TO be published ID any
manner such Income returns. or any paTt S u ~.
names OF lndlylduslso or T az he may MAKE Puonc
under such rules aud regulations astheC commissions
er OF Internal Revenue shall prescribe; ,on cha
return OF any person IL increased BY the assistant as
sessor, such person may exhibit his books and sc
oath Inc amount Of income liable TO be assessed I;
but such oath and evidence shall not be conclusive
ofthe facts, and no deductions claimed IN sucn caves
shall 10 allowed until approved oy tne assislanL n,
se.or. Any person may appeal nom the decision
OF the ~assiStant assessor, In SUCH cases, 70 tnc ssecsh'
or OF the district, and bis decision thereon. nnlessre-
yersed By the Commissioner OF Internal Revenue
shail be inal. The form, time. aud manner Of pro-
ccodings, shall be subject 70 regulations 70 DC pre-
scLibed by the Commissioner Of lnisin Tn n,eT snT ncr.
son, In his own behalf. or rs such nduciary or agent
shall be permitted 10 declare, under OATH. thst nc.
seued OF an Income Of two thousand dollars, liable
TO be assessed according 10 the provisions OF tnIs aeti
or may declare that an income TAX mas DeSn sSs,nsssiH
~ ofthe United States. upon his Income. gains, anu
pronts, or those or his ward. beneficiary. Or prlnci.
nail N be ! ssstIsscd o. the truth or the declaration, such
person shall thereupon DO exempt from income TAX
s ia' u. Ssd BE- Il further enacted. That consnls
Of foreign governments who are not Citizens OF the
United States shall be exempt from any income tnN
Imposed by this act which may DC IeisrS1 , ~ iarcItm
countrirs: RovidSd, That the governments which
such consuls may represent shall extend similar en-
enIption 70 consuls OF the United States.
SIC IS And De Il further enacted. That there
shaTI be levied and collected for and during inc year
eighteen hundred and seyenty-one q tax o. uwo anu ~
coupons paid on bonds or other evidence OF debt -.
sued and payable In one or more Year, aiter ante; oy
any Of tho corporations In this section hsIelnsi'SI
Enumerated, and on the amount OF all dividends OF
earnings, income, or gains hereafter declared, by any
bank, trust company, savings institution, lnsu,anse
pIke company, canal navigation company. and SLACK.
water company, whenever and wherever tne same
shall DO payable. and TO whatsoever person me SANS
Iens or aliens, and on all undivided profits or any
such corporation, which have accrued anu oeen
earned and added TO any surplus, contingent OF 9tner
fund, and every such corporation having paid the
tax as aforesaid. 10 hereby authorized 70 deduct anu
withhold from any payment on account OF Interest.
coupons, and dividends an amount equal 10 the tax
OF twO and one.hAlf per centuni Oh the same ana
the payment 10 the United States. as provided ny
law. OF the amount Of tax 80 deducted rom me w
charge the corporation from any liability for that
amount ofsaid interest," coupons or d dividends. Claimed
as due 70 any per.o nn,S sxse efb. IN SSsG sy AMER sn eTp se,s
contract: Rorided. That the lax upon the dividends
ofinsurnnce companies shall not be deemed due I'M
othcrwise; and that the money returned BY mutual
insurance companies TO their pollcy-holders, and tne
annual or senil.annual Interest allowed or paid to
the depositors In savings banks or savings institu.
lions, snail not be considered US dividends, and that
when any dividend h made or Interest as aforesaid
Is paid. which INCLUDES any part OF the SURPLUS or
assessed and the tax paid thereon. or whlcn inclndes
any part Of tho dividends, interest or coupons re-
eslved rom other eorr ;ufH whose n.r ec cnvTn' an n,e ,Sc
same, the amount OF tax 20 paid on that portion Of
the surplus or contingent nnd, and the amount OF
tax which has been withheld aud paid on dlVlncnis;
interest, or coupons 70 received, may be deducted
from the tax on such dividend or Interest.
BEo. IS. AVID s itJ further snaeisd. Thateveryp per
Il a auIn0 thu eArnn mr. management Of INV cOFnOTl-
ton liable 10 be taxed under the last preceding sec
lion, shall make aud render TO the assessor or assist.
ant Assessor OF the district In which such person has
bis onics for conducting the businss. OF such corpor
alton, on or before the tenth dayo the month follow
Ing that In which any dividends Or sums OF money
become due or payable ~ aforesaid, a true and com.
plete return, In such form ~ the Commissioner Of
Internal Revenue may prescribe. OF the amnlln' o.
Income and pronu and OF taxes as nforcsald: and
president, cashier, or treasurer OF the corporation,
under oath. that the same contains q true and COM
plete account OF the Income and profits anil Of taxes
as aforesaid. And for any default In the making OF
rendering Of such return, with such declaration an
nexed. the corporation so In default shall forfeit. as a
penalty. the sum Of ono thousand dollars: aud IN
case OF any default IN making or rendering said re-
turn, or OF any default In the payment OF the tax ~
required, or OF any part thereof, tho assessment and
snce With tho general provisions OF flaw In other cases
ofncglect and refusal.
SEC. II. hnd 10 u Jsrihor enacted. Tnat seetlons
one hundred and twenty. one hundred and twenty;
one, ono hundred and twenty.two. and one bunured
and wcnty-three OF the act or juno thirty, eighteen
hundred and sixty-four, entitled An act 70 proslde
interest on the public debt, and LOT other puIPosrs,
as amended by the act OF July turteenj elgntcen
hundred and ~sixty.six. and the act OF Warren IWoI
eighteen hundred and sixty-scven. shnU DC constnlfd
10 Impose the taxes therein mentioned TO the INST
day oil August, eighteen hundred and seventy, but
aner that date no further taxes saaii % leNied ., az
scssed under said sections; and all acts ana parts OF
acts relating TO the taxes herein repealed. ann tna,
force for Ievying and collecting all tsxes properly as
sessed or liable to be assessed; or accIulng unaer tne
proyIhons OF former acts, or drawbaekh. the rRht 10
| which has already accrued or which may hereafter
tInuInr Hens, nneS, penalties. and forfeitures Incurred
under and by virtue thereof. And this act hhall, not
| be construed TO affect any act done, right accrued. or
penalty Incurred under former acts. but every sucn
right I; hereby p I saved AM ws iSS SaIIyi SSsp O sIrc ShS
commenced or that may be commenced 70 enforce
such lncs, penalties. and fOrfeitures, or rimlnal pro.
| ceedIngs under said acts, and for the punishment oi
cimesof which any party shall be or has been found
Src. u, And BE- u Isriher enacted. That the Pres
idcnt Il hereby authorized 20 annex TO, and unite
with each other. two Or more adjoining collection
districts. whenever In his opinion II will reduce the
expenses OF collecting the internal revenue. without
ImpaIring tho efficiency or the service, and there
upon shall retain but one collector and one assessor
for such enlarged district. And the President Il Also
authorized 70 consolidate In like manner, al his dis
cetion. any two or more adjoining supervisors dis
such consolidated district. " ~
SEC. H., And BE- u further esacted, That a. soon
a. practicable ater the passage or this act the num-
Der of assistant Assessors employed shall be perfna-
nsntly reduced s$ the dissssIEs q q 81 oGss:s Of that
any taxes which shall have been abolished by Law;
and the Commissioner Of Internal Revenue shall be
required further to reduce The number OF assistant