Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-26
LAWS OF THE UNITED STATES.

ull his losses actually sustained during the year
trade. and debta asccrtaIned 10 be worthless. but ex.
Guiding all estimated depreciation OF values; the
amount OF Interest paid during the year. md
tlyate land, or 10 eonduct any other bust.
ness from which income Is derived; the hnonnt
paid for the rent Of the house or premises occupied
AZ a residence for himself or his family, and the
amount paid out for usual and ordinary repairs. No
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.
SIC. 10. And be Il further enacted. That tho tax
hercinbefore provided shall be assessed upon the
the thirty-frst day OF December next preceding the
time for levying and collecting said tax, and snail
be levied onthe first day OF March. eigetecn hundred
two. and be due and payable on or before, the thirtleth
day Of April In each Of said years. And In addition
TO any sum annually due aud unpaid alter the 'hlr,
tieth day OF April, and for ten days after notice ana
demand t~hereofby the collector. there shall be levied
and collected, as q penalty, the sum Of I'VE per cent;
um on the amount unpaid, and Interest on sald
amount at the rate Of one per ccntuni per. month
from the time the same became due. except from the
estates OF deceased, insane, or insolvcnt persons;
SIC: j.; AID % q further e ~ Ini Ina mat II w smsa
gross income during the preceding year cAcceIeu
two thousand dollars. 10 make and render . return
on or before the day designated W h%, 20 shs @ " III
gross amount Of his income, gains, ana pIohts az
aforesaid; but not including the amount tseslSed
from any corporation who's: oineers: as I,nm ~ ~
dividends made and OF the Interest on coupons pau
by such corporation, nor that portion OF ihes'lnIs ~
pay o, .SSslS sGs1 ios s " We i; NJ ani sists.' or as senator.
representative, or delegate In COfgress, from "hISn
tax has been deducted. nor the wages oil mlhor enla'
rem not received; ant cvrry Guardian anu u an,In,,
or administrator. and any person actlnH
In any other tduclary capacity; or asa residcnl Hrmt
for, or copartncr Of, any nonresident allen, detNlhs
income. gains, AMI prGns r., ron mS any o siatss' or from Sm
rents OF real estate situated therein. shall make nnu
render a return a. aforesaid to the assistant assessor
Income, gains and profits Of any minor or person ior
whom he nets. The assistant assessor snail require
every such return 10 be verified by the oath OF INC
party rendering II, and may Increase the amount OF
any return, after notice to such party. II he mas
reason TO believe that the same Is understated. III,
case any person having a gross Income as above. OF
two thousand dollars or more, shall neglect or rcinSc
to make and render such return, or shall rcnler u
false or fraudulent return, the asScssoro or the assistant
assessor shaulinake such return, accOrlihIto thc Dcsi
intDrmatiOnh he anObtaln By the examination Oi sad
person, or OF his hooks or accounts, or by any othet
evidence, and shall add. as q penalty, TO the amount
Of tho tax due thereon, my per Sentnm 10 aI cases
Of wIllful neglect o. refusal to make aud render u re-
turn, and one hundred per centtlIli IN all cases 1l u
false or fraudulent return haring been rendered.; Inc
tax and the addition thereto as pcnaty shai y as T.,
srssrd aud collected In the manner provided LOT III
cases OF wlnful neglect or refusal to render u ust",m,
or N rendering a false or fraudulent return. but ~"
penalty shall be assessed np9 inr nv oS ren,IcTIng a false
or fraudulent return. except alter rcaSonnD!c ho,iCe
0fthe time and place ofheaIing. to bcrrguinteh ny thhc ~,
ConmlsSOncr OF lnterntl Revenue, 80 hs 10 HiNc tnv
Nyerson charged an opportunity to be heard; FRO
vid,d. That no collector, deputy collector, asesSoi,o VI
assistant assessor shall permit TO be pnoIisneGh mnani
mnnnrr such Income returns, or any part th"rpoI'
except such general statistics. not specifying w
names OF individuals or irms,a as lie may MAKE puonc
under such rules and regulations as the Coihh'i'''oh'
or OF Internal Revenue shall prescribe,
SIC. IL: Aud be IL further enacted. That when lhe
return OF any person l. increased By the assistant AZ
SCISSOR. such person may exhibit ms 9OokS ~" nndsr
counts and lr permitted 10 prove anu declare. unurr
oath. the amount Of Income liable 10 DC nsscsseu
Int such oath and evidence shall not be conclusive
Of the facts. and no deductlons SlsiIeu " suta NJ.
seS,or. Any person may appeal from inc ueclsIoh
OF the assistant assessor. In such cases, 70 tne hsscss'
or OF the district, and his decision thereon, mhlcssIc'
yerseSi by the Commissioner Of Internal Revenue
shall DC tinal. The form, time, and nlahncrol pro
ccedings. shall be subject to rSgniat,0h' p ,o e = r.''
scrIbcd by the Commissioner Of lnterhni lhcNenuc.
SEc. l3. And be il further enacted, Ihat any per
son. in his own behalf. or as such n~duclhry OF htcnl'
shall be permitted 10 declare, under oaln' tnn' NJ,
or his ward, beneficiary, or principal, was nor pos
sesSed Of an Income OF two THOUSAND dounIs, hauu
TO be assessed according to the provisions 0! thls ~;
or may declare that an income tax mas SS Snr aS,SSr,.
~ oftle United States, upon his income gaiis. nuV
profits. or those Of his ward. beneficiary. or primer
gani A. ~ .e s..I,Sed U 81 4 tr II Of the declaration. sucl
person shall thereupon be exempt rom lheoue 'aN
In the said district, r,., oors,,,,
Nc. X, Anu o 70 JNFtNFF -
Of foreign governments who arc not cltlLchs OF w
United States shall b. exempt IRON ANY lncotnc w
imposed by this act which may Deac n ! IN larrisI
conntrirs: prOrided, That the governments whls'
such consuls may represent shall eNicnh s'hi''ar I"
pmption 10 consnls OF the United States.
Src, Is. And be il Jurthrr enacted, That theT
shall be levied and collected for and during the yea
eighteen hundred AMI scventy-onea Tax ol Two an'
onc.haIf per crntum on the amount DIAL interest," o
coupons paIi on bonds or other evidences OF debt Is
sued and payable In one or more years aiter ualc, ~
any Of the corporations IN THIS sccti9n nsIc,m mIu q
enumerated, anil OIL the amount OF all difldcilds .
earning, Income, or gains hereafter feclarcl' oy an.
bank, trust company, savings Institution. INSURANCE
nile company.c canal navigation company, aud slack
water company, whenever ana wherever tnc hnIn
shall be payable. and Ia whatsoever pers0h thc sam ",
NAV he due, including non-residents, whether ctl
Zcns or aliens, and on all undivided pronis OF an.
such corporation. which have accrued anu DSci
earned AMI added to any surplus, CONTINGENT or ONE
fund, and every such corporation having pald W
tax as aforesaid, Ia hereby authorized TO deduct an
withhold from any payment OH account OF interest
coupons. and diviicnis an amount equal TO the Ia!
OF two ami %onc.iIalr per centum on The same AM
the payment to the United states. as pr"Nluei %.
law, OF the amount OF tax 50 deducted rom the ll
forest, coupons, and dividends aforesaid, snail dl'
char,c Tic corporation from any liability for tina
amount otsaid Interest, coupons rdi'ifends .claimc'
as due TO. any person, except IN cases WHERE sni'
contract: Ir0ridcd, That the tax upon the dividend
ofinsnrance companies shall not be deemed due un
I'll such dividends are payable, either IN money o
| uLlNT = ul'l Ailt NV 49,
Insurance companies to their pOllcy-holderS, and tn
annual or scml-annual Interest allowed or palu u
the dcposItOrs In savings banks or savings ins:itn
lions, shall not be considered rs dividends, and tina
when any dividend IA made or Interest as Aforesaid
is paid, which Includes any part Of the surplus o
contingent fund Of any corporation whica mas pee,
assessed and the tax paid thereon, or which include
nny part OF the dividends, interest or coupons II
cciycd nom other corporations whose officers nicar
thorIzcd By law to withhold a PER cehtnm on u
the surplus or contingent fund. and the amount {
tax which has been withheld and paid on d~ividcnhi
,ntGTc it, or S 70 HScn di 10 ISSS'E or Interest %T : DVo''u'''
SEC. lG. Indbe H. further enacted. ThHtcVery pc
son having the care or management OF any cOTpOri
lion liable TO 6r taxed unde, tns iast preeedlnS se
ant assessor OF the district In which such person ID
his ONCE for conducting the BUSINESS OF such corpo
alton. on or before the tenth dhyof the MONTY iolloV
Ing that In which any dividends or sums OF none
become due or payable ~ Aforesaid, a true ana con
pIctc return, IN such form Ms the Commissioned
income ami profits and OF taxes US aforesaid; an
there shall be annexed thereto . declaration or u
president. cashier, or treasurer OF the corporation
under oath, that the same contains q true and con
niete account OF the Income and profits and OF take
rs aforesaid. And for any default In the making Q
rendering Of such return. with such declaration NJ
ncXcd, the corporation SO In default shall forfeit, rs
penalty, the sum Of ono thousand dollars; and
case of any default In mailing or rendering said r.
turn, or Of an, default ~ inc payment o. tne IaS = =
collection OF the tax and penalty shall be ~ accom-
ancc with the general provisions flaw In other case
SIC Il. And De Il further Enacted. That section
one hundred and twenty. one hundred and twenty
one, one hundred and twenty-two, ani one hundrc'
and twenty.thrcc Of the act OF june thirty. eightecI
hundred and sixty.four, entitled An act to proridl
Internal revenue TO support the government. to pa.
interest on the public debt; and ir other purposes.
as amended by the act OF July thirteen, ciHhteeI
hundred and s~Ixty-siX, and the act OF March two
eighteen hundred and siSty-scren. shall be constIue.
to Impose the taxes therein mentioned TO tue hrsl
,lny NJ Au,ust aIuhtNau hundred and seventy, Du
AFTER that datu no further taxes shall be levied or as
srssed under said sections; and all acts and parts o
acts relating to the taxes herein. repealed, and fhd.
all the provisions Of said acts. shall continue IN MI
force for lcvying and collecting all taxes properly As
scssc,l or liable 10 be assessed, or accrulng under TIN
provisions OF former acts. or DRAWBACKS. tue rlsnt u
which has already accrued or which may hereafter
accrue under said acts, and for maintaining and con,
tinulnglicns, tines, penalties, and forfelturesl ncurret
under and by virtue thereof. And this act shall moi
be construed TO affect any act done, right accrued, o.
penalty Incurred under former acts. but every sict
right Is hereby saved. Aud for carrying out and
completing all proceedings which have been already
such fines. penalties, and forfeitures, or criminal pro
ceedIngs under said acts, and for the punishment o.
crimes OF which any party shall be or has been found
guilty.
SIC. IL. And BE- Il further enacted, Ths. the Pres
ldent Is hereby authorized 10 annex 10, and UNITE
with each other. two or more adjoining collection
districts, whenever In his opinion II will reduce thI
expenses OF collecting the Internal revenue. without
impa!ring the efficiency Of the service and there
upon shall retain but one collector and one assessor
authorized 10 consolidate In Ike manner, at his dis
clction, any two or more adjoining supervisors dis
tricts, and TO retain or appoint one supervisor fol
such consolidated district. .
SEC. 10. And be u further Enacted. That ns SCOT
as practicable after the passage OF this act the mum
bcT OF assistant axsessorS emDloycd shall hr norma