Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-14
TPuhlic-So. lG.1
AN ACT TO reduces Internal taxes. anu Tor othcr
purposes.
Approved, July II. loI0.

Bs u enacted Iythe Senate aud Home o. Rep,essnta.
tires oCthe CHited States V America ~ lon0rc''
assembled
Tha, on and after the first day Of Nay. eighteen
hunIrel and seventy-onc, the special taxes imposed
by the seventy. ninth section OF the act entitled an
act 10 provide internal revenue TO support the gov
crnmcnl. TO pay Interest on ne nn nep iEiS 1Sn' :I y
hundred and siXty-fOnr, as amended by sccuoh hllle
Of tho internal revenue act approved july Ih,itern:
ricctc.n hundred anil slxty-HlS, and rs amended ny
section two OF the internal revenue act approved
March two, eighteen hundred aud sixty-seren be;
AMI the SAME are hereby, %renealri; Dnt tDisaet snaI,
moi be- held to repeal or IN any way Affect IN. special
tax on brewers imposed by said section, or the spec
iaI take, imposed by the act approved July twcn'y.
rlchtCcn hundred AMI ,iSty-Clght, entitled IN act
imposin: taxes on DISTILLED spirits and tobacco. AND
for other purposes" or the acts aincndAtory thete"'.
SEC. Q. And be IL further enacted. That on and
after the lrst da" OF October. eighteen hundred anu
seventy. the SCI. nml taxes on sales lnlposcu W tne
Internal revenue. laws now In force, saving anu eS-
ccptlns such taxes OH sales n are by cSi.tlng Jaw
paid by stamps. and the taxes on sale, OF lsai topae,
co, manufactured tobacco. snni. cigars, iorSiSn anu
domestic distilled spirits, and wines, imposed py salu
ACT. approved July twenty. eighteen hundred ami
slXty.cisht and acts aincrdntory thercoi' De- ann tue
same are hereby, repealed.
SEC. ;. Aud be IL further enacted, That on AMI
nftrT the nrst ,lny Of October, eighteen huidrcu hnu
seventy. the taNc. ,mp9.ri nS M 'hs u. 1na ,I,, s,mc
arr hereby, repealed, namely: OIL articles mseh"dule
N the special tax on boats, bargcs aud nat; w Iesa'
Giles ani SUGGESTIONS; OH passports; ana on H'os're'
Ccipts.
SIC, 4. And bet further enacted Thaton and ailer
tho iirst dav ofOct ober eighteen hundred and sevcnty,
lie Stnmp tax Imposed In schedule Is on pronllssOry
notrs for Il less sum than one hundred dollars, Ahuon
rrcrIpt, for ANY sum ofmOnry. or for the payment %
any debt. and the stamp tan imposed ~ neheuuIe :.
on canned and preserved h'h. be, ana nhS San,e y
mon the transfer or Assignments OF amottEaEc' "neie
ii or the instrument II secures has been once 9uly
,icl%s naIne,! in said schedule {, who shall furnish his
or their own die or design for stamps 10 be used es;
pccially for his or their own proprietary atucIes, snI!,
he allowed the following commissions, namrly: uh
amounts purchased at one time OF not less I ian MY
dollars nor more than i've hundred dollars, I'VE per
rrntum: anu on amounts over I'VE hundred uollsts'
len nrr cantum on the whole amount purchased
Iroridrd, That lucifrr or friction matches, anu 81.
gars lights. anl wax tapers, may os removes taTn,
country without payment Of tax, or nnlxlIlg stamps
thereto, under such rules aud regulations as the Com,
missioner Of Internal Revenue may pTcscrlOet ahu
ali provisions oTrxistInS lava Inconsistent herewith
ARE hereby repealed.
SEC. S. lid be IL further enacted. That section
one hundred and t~ifly-cignt or The act cnltlcd An
act 10 provide internal revenue TO support the gov
ernnlent, to pay interest oil the public lebt, AND ior
other PURPOSES" approved July thirty, eighteen
hundred and slNty-four, AZ Amended by section nine
eighteen hundred and sixty.siS, be, and Ia hereby,
amended by striking out the WORKS "nily dollars
y The ,s sesSmG rI ISSGSis A ,Ss n IassrIin " tax a. ' remaining
unpaid. but In no case less than nfc Ionats; aiso,
By striking out the words ".slxty:siS' IN the third
uTONlNO, uIlu llhcTtlIlB III W. ~
'seventy-onc; 'asp. by striking out the words sixty
srveh' IN the last provlso. and inserting III lieu there-
Of the words "scventy'two.'
SEC. q. Andbs Il further enacted, Tint here shall
hc levied AMI collected annually, u hereinafter pro-
vIded, for tho years eighteen hundred anu seventy
and eighteen hundred sevcntyone, and no longer. n
tax OF two and onc-half per centum npon Inc galils
profits. AMI Income OF every person residing ~ me
United States, and Of every citizen Of the United
States residing abroad, derived rom any source
whatever, whether within or without the Initci
States, except q, hereinafter provided, ana O nkc taS
SnnnniIy upun the gains, profits, and Income derived
from any business. trade, or profession CARRIE Un "
the United States by any. person residing wiSiout
tho United States, and nOt 4 citizen thereof. ORION
rents of real estate within the United States owned
by any pcrson residing without the united S'a'eS'
and no; 4 citii en- thereof.
SEr. !. And be Il further enacted: That ~ estl'
mating the gains, profits. aud Income OF any person.
there shall DO Included all Income derived Iron my
kind OF property, rents, interest receiver OF accrued
upon ailnotcs. bOnds. aud mortgages, orotneI iornl',
oil Indebtedness bearing interest, whether paid or not
N good and cOllcctahlc. Interest upon nOtcS, oon.la,
or other securities OF the United states, anu tns
amount Of all premium on gold and coupons tne
gains. prOtIts, and Income o fany business, pIOicss,nn,
trIdc' employment, Office, or vocation; hs,uulGg
any nmouIIt received ~ salary or pay Tor serflecsn
ahcs civil military, naval, or other service OF the
limited States, or rs senator, representative ot asic
gate In Congress; except tnst p p3 Taprrs,s s' ppSSrvtous
hereto, a tax OF i've per ccntnm shnu nave oecn
withheld. the share 81 any person OF thc shllls am
parincrships, but not Including the amount received
irom any corporations whose officers. ~ authorlLeul
by law, withhold any pay n taxes \ per cehtuln y,
tho dividends made. and Of Interest or coupons paid
by such corporations: profits realized within ths
wear from sales OF real estate purchased WITHIN WV
years nrryIOIs to the year for which Income Is csu'
mattel: the amount OF sales Of live STOCK, sugar,
,yo0I. hutter, cheese. pork, beef, mutton, or othef
meats, hay and grain. fruits. vegetables. or other pro
,lch person. but not Including any plrt tlcreoi CON
snmci directly by the family; aud all other gains.
nroIIts. aud income drawn from any source Whatever,
but moi Including the rental value OF the homestead
used or occupied by any person, or by Ills family
. sEc. 8. And BE- IL further enacted. That military or
naval nen.ions allowed 10 AMY person. under the laws
OF The United States, hni the sum OF two thousand
dollars OF the gaius, profits. and Income OF any per
s0n. shall .bc exempt from said INCOME uea; ID
lion Of Two thousand dollars shall be made from the
aggregate income OF all the members OF any family
OF one or 10Th parents anu one or more
minor children. or 0f husband and wife; but when o
wife has by law q separate income. beyond the con-
trol OF he. husband. hid Is living separate anil apart
from him, such deduction shall then BE- made fronI her
Income, gains. and profits; and guardians and trlN
tees shall be allowed to make the deduction In favor
~ each ward or beneficiary except that In case OF
Two or more wards or bcnehciariea comprised In one
t,nIly, having Joint property Interest, only one de-
.d,Tiion shall be made In their favor. For tho pnr.
pose OF following said deduction rom the income q
property and the incopo thersfroin Jointly sud In
Common, each iive. Of the persons composing such
society, and any remaining fractional number OF
such persons less than tve over such groups
OF ave, shall be held TO constitute . family.
and a deduction Of two thousand dollars
shEll be allowed for each Of said families,
Any taxes on the Incomes. gains, and profts Of such
societies. now due and unpaid, shall be assessed and
]SSlisssfS a sssTl ' Ss o NJ ys ond s thousand e dSiisss l1r a.. me
wear prior to eighteen hundred and seventy.
SIC, ~, And 30 a. srthr enact Cd. That IN ahdL