Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-13
tPublIc-So. i6t.)
AN ACT 10 reduce internal taxes. and for other
purposes.
Approved, July II. 1870.

Bed enacted blythe Senate and Home q Rtprsie4a.
tirts cI,ths United adtn Of America IN Con0Te''
asfenblsd
Tha, on and after the nrst lay Of May. eighteen
hundred and seventy-one. the special taxes Imposed
BY the scveuty.uinth section Of the act entitled An
act to provide Internal revenue TO support inc ETNr
crnnlent, to pay interest OH the public deot, and lI
other purposes," approved juno thirty. eighteen
hundred and siSty-four, as amended Dy section nnne
Of the internal revenue aSt Spp, .nS ~. y amended BY
section two OF the internal revenue act approTeu
March two, eighteen hundred and siXty-seven, be,
NOT be held 10 repeal or in any way affect the special
tax OIL brewers imposed by said section. or tne spec
sI,asss SI@ nPS,sd . BY ' sIs tst HpPL0s es,I ISty ! 4 ast
imposing taxes on distilled spirits and tobacco, and
for other purposes," or the acts Amendatory tnereoi.
SEC. ?. And BE- il further snaetsd. That on and
| afer the first day Of October, eighteen hundred ana
seventy, 'he several taxes on sales imposed BY the
Internal revenue laws now In force, saving ana eS-
| ceptins such taxes on sales rs are by existing law
maid by stamps, ami the taxes on sales o. leaI toDac.
co. manufactured tobacco, snutf. cigars. foreign ana
domestic distilled spIrlts, and wines,imposed ey said
sixty.eisit' and acts smenda,ory thereof. be, and the
same arc hereby, repealed.
SEC. ). And b. Il further enacted, That on and
after tho nrst DAY ofoctober, eighteen hundred and
seventy, the taxes imposed by the Internal revenue
laws now in forct, herein specified, be, and the same
arc hereby, repealed, namely: on articles In schedulc
A; tho special tax on boats, oarges ana nats; On ieeA'
Giles and SUGGESTIONS; on passports anu on S''''' to
ceipts.
SEC, 4. And Be IL further sHaeted' That on and afer
the llrst day OfJctoOer eighteen hundred and seyeuty,
INC stamp lax Imposed In schedule Is on promlssory
| notes Tor a less sum than one hundred dollars, anil on
receipts for any sum %ofnioncy. or for tho payment o.
any debt. and tho stamp tax imposed 70 sene1ue =,
| hereby, repealed. Aud no stamp shall he requlrru
upon inc transfer orakslGnment q q portgage "hsIe
Il or the instrument II secures has been once auly
| stamped. Aud the proprietor or proprietos Of pr
tlclrs named In said SCHEDULED, who shall furnish MS
or their own die or design for stamps to De used e.,
..I.t 10. 4. ~ Nholr nu.n NFnnFtnfn TN AftCIfA. Rl0u
| DO allowed the following commissions. namely; on
| amounts purchased Of ono time OF not less Ian ulty
dollars nor more tnan n.e n nur SvS hSDaarna doIlars.
ten per csntum OIL tho whole amount purchaser
Erorided. That lucilcr or friction matches. ana q.
the place Of manufacture for export 70 . foreign
country without payment or tax. or hnlxing Stamps
thereto, under such rules and equations astne Ioui.
| missioner OF Internal Revenue may p~rescri0c; ana
oil provisions Oicxistlng laws inconsistent herewith
are hereby repealed.
SEC. 5. Asd be Il further enacted. That section
one !, !" n.nr;aS and II,s .%LsSIc IsSsS q, the .s . sSs Sns't tSs s ON
eminent, to pay interest on the public debt, aug loI
other purposes" approved July thirty, elsnIeen
| hundred and slxty.four. Us amcnded by section nlne
| Of the Internal revenue act, approved July thirteen
eighteen hundred and slxty-six. be. and Is hereby,
amended by striking out the words my dollars
In the second provisO, and Inserting IN lieu thereol
| tne following: double tho amout Of tax. remaining
unpaid. but IN no case less than ave dollars;' also,
by striking out the words ".sixty:siS" In the tnlIu
Il prov lhu, anu ultcIlllb ~ NOi W."
seventy lone; also. by e.. liking outline words sixty
sevei. IN the last proviso, anu inserting In lieu tnere-
Of the words "sevcniytwo."
SEC. 6. Andbe il further enacted. That here shall
be levied AMI collected annually, Is hereinafter pro-
| vidcd, for the years eighteen hundred and seventy
and eighteen hundred scvcnty-oiie, and no longer,
tax OF two and one-hnlf per eentunl upon the gam
profits, and Income OF every person residing W tns
United States. and OF every, citizen OF inc Oniteu
States residing abroad. derived from any source
whatever. whether within or Without the ,S Hn tsI
annually upon the gains, pronn, and Income ue.isg y
from any business. trade. or profession carrie 1n 10
iSs SnI,eI s s1ates and = no, 3 citizen thereof or from
rents Of real estate within the United States awns"
by any person residing WITHOUT tne oH''eu oS"'Ns
and not q citii en- thereof.
srr : And q, Il further enacted: That In esti.
mating the gains, PROFITS. and Income OF any person.
there shall be Included all income derived from any
Kind OF property, rents, interest received or ncctueu
upon ~allnotes, bonds. and mortgages, orothcr iotins,
OF Inicbtcincss bearing interest, whether paid or not
II ~ sS SiS. aud .rs sSlIss.a of ib ,S' Gnit.d dp States - and the
amount OF all premium on Ioid anu eoGPoss. y.
gains, profits. aud income ofany business, proisss,Tn,
trade cmnloymcnt, office, or vocation; lneiuoluR
any amount received rs salary or pay for services IN
the civil, military, naval, or other service " the
United States. or as senator. ropresen'a tsse y ~
which, under authority OF acts OF Congress previous
hereto, a tax OF i've per ecntum shSl have oten
M-otits whetber divided or not, OF ali companies or
partnerships. but not Including the amount reeeived
hom any corporations whose olhcers, As authorized
by law, Withhold any paw as taxes a per oentum OF
tGe d~ivIdcn,ls made, and of interest or coupons paid
By such corporations: profits realized within ths
year from saies OF real estnte purchased within two
years previous to the year for which income Is esu'
mated; the amount Of sales OF I've STOCK. sugar,
wool, butter. cheese. pork. bccf, mutton, or otnei
meSts. hay and grain, fruits, vegetables. or other pro.
auctions, being the growth or produce ofthe estate OF
such person. but not Including any part thereof CON
Sumed directly by the family; and all other galns'
nIodts. and Income drawn from anIsource whatever,
but not Including the rental value Of the homestead
used or occupied by any pcrson, or By his family.
SEC. g. And be Il further exaeted, That military or
naval ncnsions allowed toany person under tne lANt
dollars OF the gains. profits. and Income OF any per
ron, shall be exempt from said income hx, IN
the manner hereinafter provided. Only one dedne-
ton OF thousand dollars shall be mHdo from tne
aggregate income Of all the members OF any nnny
c2mposed Of one or both parents and ono or more
minor children, or Of Husband and wife; but when q
wife has by Law 8 separate Income. beyond tne COZ,
troll OF her husband. and Is living separate and apart
income, gains, and profits: and guardians and trut
taos ANAL be allowed 10 make the deduction In. favor
ar zach ward or beneficiary except that IN case 81
TWO or more wards o. beneheilriese comprised IN one
a nuttic shall BE- made in their favor. For. tho pur
no.e ofAllowinS Aaid deduction from the Income OF
any religious or social community holding Al heir
property and the income theretrom Jointly AND U
Common, each ave OF the persons composing such
society, and any remaining fractional NUMBER OF
such persons Ices than dive over such groups
or I'VE, shall be held to constitute . family.
and q deduction Of two thouslnd Dollar
Any taxes on the Incomes. gains, and prontsof such
%sorfcties, now due and unpaid, shall be assessed and
collected according 10 this provision. except tnattne
deduction shall be only one thousand dollars fr any
SEC. y Isd 81 q Jsrikrt ssa! ID That n sddt
don 70 thS SxsmptlonS pruvtdod IN tn pgocedtnG