Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-12-08
LAWS OF THE UNITED STATES.
PUBLISHED BIZ AUTHoRITY.I
OFFICIAL.


tPuBLIsHEp BIZ AUTHoRIrY.I
:. OFFICIAL.
LAWS OF THE UNITED STATES,
Passed n tho Second scssion OF the Forty.
Frst CeasreAs.
TPublle-No. lcL.J
AN ACT to reduce internal taxes. and for other
purposes.
Approved. July Il. 1870.
dives 9f,t1s Jsiisd Stat" Of Ameried ia Go.oras
That on and ,ter the nrs. day Of May. eighteen
By the ssventy-ninh section Of the act entitled "An
act 70 provide internal revenue 70 support the gov
eminent. 70 pay interest on the public debt, and for
hundred and sixtyiSur. as amended BY section nine
OF the internal revenue act approved July thirteen,
elseteea hundred and s~ixty:six. and As amended BY
March two. eighteen hundred and sixty-ssven, be,
and the same are hereby, revealed; but this act shall
not Be held 10 repeafo or In any way hneet the special
iaitaxes imposed By the act approved July twenty,
eighteen hundred and sixtyeight, entitled A act
lmposins taxes on distilled spiris and tobacco. and
Tor other purposes" or the acts amendatory thereof.
SIC. q Asd b y further ssaaed. That on and
amer the frst day Of October. eighteen hundred and
%intsrnsi revenue laws snow now in in force nc s %VHSsSS and ex:
cepting such taxes on sales Is are by existing law
paid By stamps, and the taxes on sales Of leaf tobac-
domestic dlstliled spirit, and wines. Imposed By said
act, approved July twenty. eighteen hundred and
Sixty-eisht. and acts amendAtory thereof, be, and the
same are hereby, repealed.
arc. ). A.d Be h f.ytlr Enacted. That on and
afer the nrsf day ofoctober. eighteen hundred and
seventy. the taxos imposed BY the Internal revenue
lava. now In force. herein specified. Be, and the same
are hereby. repealed, namely: on articles lnschedule
A; the special tax on boats, barges and Oats; on lega-
Giles and SUGGESTIONS; on passports; and on gross re-
eelpts.
the first day ofOctobes eighteen hundred andscyeuty,
the stamp tax imposed In schedule b on promissory
notes iof . Less sum tnan one nundred SoIa,s, AMEN ~
on cannsd and preserved ish. be. and the q are
upon the transfer or assignment OF mortgage where
it or the instrument Il secures has been once duly
sita% ssssme Sna . .ni s psSsisi.S I, VI who t sssIi iSrn, y his is
or their own die or doslgn for stamps TO be used es-
pecially for his or their own proprietary articles, shall
smountS purchased al one time Of not lc. tLan any
dollars nor more than i've hundred dollars, PC per
eentum: and on amounts over i've hundred dollars,
ten per centum on the whole amount purchased
Proridsd, That lucifer or friction matches, and c-
gars lights, and wax tapers, may be removed rom
the place Of manufacture Tor export 10 q lofelgn
thereto, under such rules and regulations as the Com
missioner Of Internal Revenue may prescribe, and
all provisions ofexisting laws Inconsistent herewith
SEC. $. AID Be- Il further enacted. That section
one hundred and nfty-cight OF the act entitled An
act to provide Internal revenue to support me g9S.
erument, to pay interest on thu public debt, and Tor
other purposes" approved July thirty, eighteen
hundred and sixty.four. as amended BY section nine
sI.S "a isi ssnsrss snS a Il; .Gss0 x. and ssly !. '! sstsSS;
sneSS$d ~ .siEas ouR tbs Words my dollars,
In the second provlso, and inserting In lieu thereof
unpaid = "a 81 Il no sss lsT tssaass dollars" Az,
pfsylsn. iid Inssrths u leS therebf the words
sevei." in the last proriso. and In lieu there
OF the word" scventytwo." -,
SEC, i. ASdbs Il j,vtker enacted, That here shall
b. kvied and COLLECTED annually. a. hereinafter pro.
vided, for the yc6iS eighteen hundred and seventy
and eighteen hundradg seyenty-one, and no longer, o
tax Of two and one+hah per eentum upon the gains
United Ststss, aud ;of ever. citizen Of the United
STATED residing Xbtpsd. DERIVED nom any source
Sss.sv sss Sss 4 ss, sa 4 sSss o. S sswIteSa and si q l Ss' tax
from any Suaiess trade. or profession carried on In
,ss TDltsS, Sss: ~ h ny, Z eiiiien 1s sSsTeof. s or ironi
rents OF real estate within the United States owned
by any person readiItg without the United States
Src. !. And Ssa ESthr esaeted: That in cstt
thers shall Be tneifdSdsa ali ine6ms derived from any
kind Of properly, reat1 interest received OF accrued
Lppoualnotcs, bonds. lnd MORTGAGES, brother forms,
6{fndoStodness bearing interest, Whether paid or not
u ioeda and eotISetaeis; Interest SpSn no'e. :p S0n sS.
Endount tof al premium on goti and eouponk the
gains, profit. and income fanny business. profession.
; snx AMOUNT ss1SiH ssssipsd p q ssia ~ or So Ssy 3or .e s4siSS.l X
the civil military naval, or other service Of the
United States. or as senator, representative OF dele
which, under authority. OF acts or Congress previous
hereto, . -tax OF nve per ccntum shall nave been
withheld. tho .share o. anS penson 81 tne galns ana
proDts. whether divided or not, Of all. companies or
partnerships, but not including the amount received
irom any corporations whose o1aeerh % authorized
by Law; Withhold any "a pa Sfin,. 1sss a. sP sou fsasSP p. ID
rs. such eosporstionE profits realized within ths
Year nom sales OF real estate purchased within two
unsteIi the AMOUNT Of sales Of 1--we stock. sugar,
wool, butter. Cheese, pork, beef, mutton. or otner
meats. hay andsruin. fraits. Vegetables. q other pro,
ductlouE, being the ErowthOr prudnce ofthe estate OF
s,ich person. but not Including any part thereof con
sumeA dlrcclly by the family; and all other gains,
pronts. and income drawn from any solrce Whatever,
but not Including the rental value OF Tue Homestead
usrd or occuplcdby any person. or by his family.
"a! SIC. q IsiSsa 1srfk1 snaefsd. That military or
nsyai nensioni eiowsd I oany person under the laSs
dollars orthc gains, profits, and income OF any per
son, shall ~ exempt nom Raid income TAX, 10
the manner hereinafter provided. Only one dsd1e,
aggregate income OF all the members OF any family
composed Of ons or both parents and one or more
minor children. Or Of husband and vic; oat ~, Tnr rnn 2
WIG ~ III mi ,nar,
ssn1 q Gst my = 4 laS,, w VA .h IN SsrS r. mails rom her
rom nun, = ssas,s, "a sn,rdi.ns .nd inns.
tees shall be allowed 10 make Tue deuuStion III w.
Of each ward or oeneuclaIy eASept tnat W 1922
two or moro wards or bcnenciaries eompIseu ~ Vne
family, having JOINT properly interest," oniy one w
durtion shall be made In their favor. FOR the pun,
pose ofallowing said deduction from the income OF
nny religious or social community holding all tneir
property and the Income thcrefrom Jointly and In
Common each I'VE OF the persons composing Sueh
soclety. and any remaining fractional number OF
such pcnons less than nye over such groups
on ave. shall ba held to constitute . family,
and A deduction Of two thousand dollars
shall be allowed for each Of said families.
Lny taxes on the Incomes, gains. and prohtsof such
srcjsties nom due and unpaid, shall. be assessed aud
coiiect.d According 10 this provision. except that the
,tednction mali he only one thousand dollars for any
SeSs.I ~ ~ ~ ~ cvrikSr enacted. That in add
ske; az mn,jons nroyLIed in The preceding
Won 70 INC ham ~ 6sJncisJ nom tho gains.
secIon, tneie snan ~ n.,son III national STATE
pronts, anu lneonleot ~ ~, n.u ~ IIro w,I,hin tSs
county, and municipal taAes pau y IN y. n,as,sasers.
year, ~hetner sucn pe oMnyi, sunn iIs,rIns ,hc ys,s
all his iosses actuany sustninss ". n In
arising rom nres. nooas, sh'ppT ~ a,cs,,,sss mi sx :.
trade. and debn ssceLtaineH ~ rsSues. m
Guiding all estimated depreSiainh S Vxaue"' MA ny
amount OF ihle,GSt ,pS. r.nt os isbof 10 chi.
tre amount paiu '" eon,rct sny other busI.
u.a'9 Is"us - ,ncon,e h. DERIVED: the Amount
III aS ,hs ,sns Of Inc home or ~preinIscs occupied
psfs ', N..tHsrca fSr himselT or his family, and the
rSLt o,t Tor usnal and ordinary repairs. No
dsIpcIion shali he made for any amount paid out for
nsv bniltiinrs. psrmanent improvements. or better
mani, m sis 10 Increasc Inc value Of any property or
La. S"e