Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-27
TPublIc-No. la.l
AN ACT to reduce internal taxes, and for other
purposes.
Approved, July II. 1870.
Bed enacted byt the Senate and Lfonss Of Representa,
tires etths United Sates q America in Con0re''
o...rrLI,d - H

Bel enacted 6yths Ssnate and Honis q Reprs.c.!a.
tires ofths United States Of America in Conore''
assernLled ..-
That on and ster the INST day Of May. eighteen
hundred aud seventy-one, the special taxes imposed
by the seventy .nInth section Of the act entitled An
act to provide internal revenue TO ,npport tne g1N.
other purposes" approved June thirty, eighteen
hundred and siSty.four. as amended BY secuoh nlne
OF the Internal revenue act approved July IhiIteen,
eIgetcen hundred and ~slxty-six, and as amenued W
section two OF the internal revenue act approved
March two, eighteen hundred and slxty-seven, De,
moi be held 10 repeal or IN any way Affect the special
tax on brewers imposed by said section, or tue spec
ial taxes imposed by tile act approved July twenty;
Imposing taxes on distilled spirits and tobacco, and
for other purposes" or the acts amcndatory tnereoi.
SEC. ?. And BE- Il further enacted. That on and
amer the frst day OF Octobcr, eighteen nuhareu sna
seventy, the several taxes on kales imposed by the
Internal revenue laws now In force. saving And e3'
ccpting such taxes on sales a. are Dy existins Jaw
psd Ty sfa stps:S Sh tob inc sar snuM' siSsss' foreign and
domestic distilled spirits. and wines. imposed oy sag
act. approved July twenty. slshseen hIncI cd I tSs
same ara hereby, repealed. p
SEC. }. And b Il further enacted, That on and
AFTER the nrst day ofOctober, eighteen hundred ana
seventy, the taxes imposed 1y tas i Is .na ne, fsv s,me
arc hereby, repealed, namely: on articles lnscneuule
A: the special tax on boats. barges and mats; on legA'
clos and SUGGESTIONS; oil passports; anu on gro'sre
celpts.
SEC, l., And b. Il further enacted That on and amer
the nrst day OfOctober eighteen hundred anuseyeuty,
the stamp tax imposed In schedule y on piohisSoty
receipts for any sum ofmoney, or for the payment o.
any debt. and the stamp tax imposed ~ seheduIe Z,
on canned and preserved nsa; &c; ana aS,M nn &c , rcanIr =
upon the transfer or assignment or mortgage. whcic
it or the instrument II secures has been once duly
ssiISIsp named in .sId Scheduled {, who shall furnish his
or their own die or deSIgn for stamps TO DC used es;
p~eclally for bis Or their own pT0pneiISTy aT n,%sIy sn an
amounts purchased at one time OF not isss Ian MY
dollars nor more than i've hundred dollars, nve per
ccntum; and on amounts over nve hundrea GSis.s,
Iroridtd, That lucifer or friction matches, ana Ct.
CARS lights, and wax tapers, play bo removed from
snS pSeS Without psyment Of tax. 81 afnxins stamps
thereto, under such rules and equations ~ the Com,
missioner OF Internal Revenue may prescribe; and
| all provisions ofexistlng u inconsistent herewith
are hereby repealed. r.
SEC. 5. And be Il further Enacted. That section
| one hundred and h~fty-cight OF the act entitled An
crnment' to Day interest on the public debt, and for
other purposes" approved July thirty, eighteen
hundred and slxty.four. a. amended BY section nine
eighteen hundred and sixty.siS. be. and is hereby,
amended by. striking out the words MY dolsIs
n The %, second PI !STnSi. az. e. s ,nser1i1 y IN. n esm ,as,SS,
unpaid. but In no case less than nye dollars" slso,
BY striking out the words .''sixty.six" In the third
proviso. and Inserting IN lieu thereof we words
sever" In tho last proviso. and Inserting In lieu there
Of the words "screntytwo." ....
SEC. G. And6e Il farther enacted, That here shall
be levied and collected annually. as hereinafter pro-
vlded, for tho years eighteen hundred and seventy
and eighteen hundred seventy-one. and no longer, q
tax OF two and one-lalf per ecntuni upon the gains
profits, and Income OF every person residing IN the
United States, and OF every citizen OF the United
States residing abroad, derived from any source
whatever. whether within or ro WITHOUT .n th g ,i Ss tsS
annually upon the gains. profits, ana income aenVea
from any business. trade. or profession carried on In
n, he United United States by! by any ny, pe sIsissn TG SSsTeSf, S or irom
rents 0f real estate within the United States OWED
BY any person residing without the United states.
and not a clti, en- thereof.
SIC. 4 And be Il further Enacted: That In esti'
mating the gains, prOnts, and income OF any person.
there shall be included oil income derived from any
kind OF property, rents, interest received or accrued
upon a~llnotes, bonds. and mortgages, brother forms.
Of Indebtedness bearing interest, whether paid or not
Irgood and eollectaolc: Interest 9pSn Do'os .r S0n ~:
amount Of all premium on gold and coupons the
gains, profits. and income a any business. profession.
trade sr, smP,0 Irr.ISSd once , OF or ao esy 3or .c rTSiead IN
the civil, military, naval, or other service OF tne
United States. or as senator. representative o. dele
VIII WSic ~ S1dsr aS;hoTity Of acts q Congress previous
hereto, q tax OF i've per centum hhal navo oxen
withheld. the share Of any person q me Gains and
partnerships, but not including the amount received
from any corporations Whose Officers, a. authorized
by law, Withhold any paw - taxes aper centum Of
the dividends made, and Of interest or coupons paid
by such corporations; profits realized within the
year from sales or real estate purchased within two
years previous 10 the year for which income Ia estt
mated; the amount Of sales OF live stock, sugar,
wool, butter, cheese, pork, beef, mutton. or other
meats. hay nndgrain, fruits. vegetables. or other pro-
ductlons. beingthe growtho or produce ofthe estate OF
such person. but not Including any part thereof con
sumed directly by the family; and all other gains,
pronts. and Income drawn from any source whatever,
but not including the rental value OF the homestead
used or occupied by any person. or by his family.
SEC. g. And Be q Jsrihr enacted, That military or
naval nensions allowed 10 any person under the laws
OF the United States, and the sum OF two thousand
dollars OF the gains. profits, and income OF any per
son, shall be exempt from, said Income tar, In
the manner hereinafter provided. Only one dedue'
aggregate income Of all the members OF any family
composed Of ono or both parents and one or more
minor children. or ofhusband and wife; but when o
wife has BY law Q separate Income, beyond the con.
troll OF her husband. and 10 living separate and apart
fromhlni. such deduction shall then be made fromher
Income, gains, and profits; and guardians and thus
tees shall be allowed to make the deduction In favor
OF each ward or beneficiary except that In case Of
two or more wards or benedciaries comprtscd In one
family. having Joint property interest, only one de-
pose Of following said deduction from the income OF
any religious or social community holding all thelr
property and the income therefrom Jointly and In
common, each i've OF the persons composing such
society. and any remaining fractional number OF
.qeh pers sS.i, less e. than than q Svs .S SysI sses Ss1qIg.
and q deduction Of two thousand dollan
shall DO allowed for each Of said families.
Any taxes on the incomes. Eains, and prodn Of sueh
] soilssisS s nSs Sne 40 70 ,S SnP prSyi saaa Except ia. he
deduction shall be only one thousand dollar lor any
year prior 70 eighteen hundred and seventy.