Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-18
LAWS OF THE UNITED STATES.

trade, and debts ascertained 10 be worthless. but cx-
Guiding all estimated depreciation OF valics; the
tic amount paid for rent or labor to cul.
uvate land, or TO conduct any other busi.
mes. rom which Income Is derived; the appoint
PAID Tor The rent OF the house or premises occupied
rs 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 lot
new Duildillcs, permanent Improvements. or better
estate.
herclnbciore Provided shall be assessed upon the
gains, PROFITS, and income for the year ending on
the thlrty-tirst day OF December next preceding the
be levied on the first day OF March, elgetcen hundred
and seventy.one and eighteen hundred and seventy
two. and be- due and payable on or bclore,t the thir!ieth
day OF April In each OF said years. And In addition
tD any sum ANNUALLY due and unpaid after the ihir-
tieth day OF hpril. and for ten days attrr notice AMI
demand t~hereofOy the collector, there shall be levied
and collected. as a penalty. the sum ofhve per cent:
UNI on the amount unpaid, and Interest OH said
amount at the rate OF one per centum per month
from the time the same became due. except from the
estates OF deceased. insane, or insOlyenl persons.
SIC. u. Aud be IL further sddetsd. That II shall
be the duty Of every person Of lawful age, whose
gross Income during the preceding year exceeded
two thousand dollars, to make and render q return
on or before the day designated by law, to the assist
ant assessor OF the distric; In which lie resides OF the
gross amount OF his Income. gains, aud prohts as
Aforesaid; but not including the amount received
from any corporation whose officers, as authorized
by law, withhold and pay a staNesA per ccntum OF the
ulNlltnus mhue hllu Of Tue interest on coupons PAN
by such corporation. nor that portion OF the salary or
pay received, for services In the civil. military. naval,
or other service OF the United States. or a. senator.
,sPTSS ss hsHn G.S Or sslss nor ,R,S Gssrs 81 m 11TI, S sI'Iid.
rem not received; and every guardian and trustee.
executor or administrator, AMI any prrson acting
In any other 1duciary capacity; or Asa resident agent
for, or c~opartner Of, any nonresident allen, deriving
income, gains, and profits rom any business, trade,
or profession carried on in the United States, or from
rents Of real estate situated therein. shal! make AMI
render q return as aforesaid 10 the assistant assessor
OF the district In which lie resides OF the amount OF
Income. gains and pronts OF any minor or person Tor
whom he acts. The assistant assessor shall require
every such return TO be verified by the oath Of the
party rendering II, nni may Increase the amount. Ol
any return, after notice TO such party. u ne mas
reason to believe that the same Is undcrstated. In
| case any person having a gross Income as above. Of
two thousand dollars or more, shall neglect or retuse
to make and render such return. or shall ren,ler =
false or fraudulent return. the asscEsOr or the assistant
assessor shall make such return, according TO the best
iniOrmatiOnh he can obtain By the examination OF sild
person, or OF his books or accounts, or by any otnei
evidence, and shall add, u . penalty, 10 tue amount
OF the tax due thereon, nfty per centuIn IN all CASTS
Of witul neglect .. refusal TO make aud render u e.
turn, and one hundred per centuni ~ all cases %, q
| false or fraudulent return lavlng been rendered. The
tax and the addition thereto ~ penalty SHAH De ~
sesscd and collected In the manner provided ir III
cases or willful neglect or refusal TO render d pethrh.
or II rendering O false or fraudulent return. Dut he
penalty shall DO assessed upon any person Tor slcl
neglect or refusal, or for making or rendering a ihls,
or fraudulent return, except ater reS" S,n,I.tSd sS,6,
| llIlC anu pa'N ~ .I.., Al,
Commissioner Of ntcrnrl Revenue, so as 10 EiNeth'
person charged an opportunity 10 Dc heaIh; ITo
riIed. That no collector deputy collector ASSESSOR, ~
assistant assessor shall permit to be published lal;
manner such Income returns, or any patl tncItVI
except such general statistics. not spccllylhE w
names Of lndiyihiaiso or llrmS,as he may make pu1n
under such rules and regulations As TIE COlhliisn'oh
or OF Internal Revenue shall prescribe,
SEC. u. And be IL further enacted. THAT when w
return Of any person Is Increased py inc as'istans a.
SCISSOR, such person may exhibit his books AMI nc
counts and be permitted 10 prove aild ucclhrc, un"I
oath, the amount OF Income liable 10 De aS,ss..
but such oath and evidence shnll not 9e conSIusL,'
OF The facts, aud no deductions claimed In snch case
shall DO allowed until approved by Tue assistaNt ~
SCISSOR. Any person may appeal from the decision
OF the assistant assessor. u s!ich Gases, 20 'm "riss ~
yersel by the Commissioned OF Internal lsrfrhu"
shall Gc inal. The form, time. aud manner Of pro
s ssTI ) G;y i the Commissioner OF Internal Revenue.
SIC. -. Aud be Il further enacted, That any per
son, In his own behalf. or as such ~nduciaIy or ascili,
shnil be permitted tU declare. under oath, thnt ne
or his ward, beneficiary, or principal. was not pos
| sessed Of an Income Of two thousand dollars, ilaoit
to be assessed according To the provisions Oi TINS act
or mas declare that an Income tax has been ass.sseI
| and maid elsewhere In the same year, under nuthOfi
ty Oftlc United States, upon his .illcolnc. gains. an,
profits, or those Of his ward, BENEFICIARY. or pFlhcl
nal. ms required by law; aud II the assistant nssess0l
sl,all br satisfied Of the truth Of the dcclarat!ril,s llcl
person shall thcreupon be exempt from INCOME tnN
In the said district. r,- oo.,,
OF foreign governments who are not citiieils OF !h'
United Statcs shall be exempt rom any Income va
imposed by this act which may be derived from r. ,ar niS
countrirs: Irorided. That the governments whlci
such consuls may represent shall extend slrl'"r "
emutIon TO cousuls OF the United States.
SEc, 10, And be IL further endcied,, That 'her
shall be levied and collected for and during The yea
eighteen hundred and scyenty-onc ataX OF v an
one.half Der centum on the amount OF all interest o
COUPONS paid on bonds or other evidences Of debt j.
sued and payable In one or more years alter da'c. 20
any Of the corporations IN this section herrllai'e
,.I mn H., amount nf Ill llHluHlpth u
earnings, Income, or gains hereafter declared. by lh.
bank, trust company. savings INSTITUTION. ihshrhhe.
company, railroad COMPANY; canal COMPANY; J tur
pike company, canal navigation coin pany, ana siach
water company, whenever ana wherever the sa.l
shall be payable. and to whatsoever person thc sam
may be due. including non.rsSlisnts' whether 81,
such corporation, which have accrued anu Dsel
earned and added 10 any surplus, contingent or otiic
fund. AMI every such corporation having phlu w
tax as a%fOrcaaId, Ii hereby authorized TO deduct an
withhold nom any payment oil account OF interest
coupons, and divldcnis All amount equal to the Ia
Of two AMI one-half per ccntunl on the same M,
The psyInent TO the United States, ms provided b.
law. OF the amount Of tax - deducted ironl the IN
tcrcst, COUPONS, and dividends Aforesaid. shall Ills
charge the corporation from any liability Tor tia
amount o(said Interest. coupons. or dIrlicndSclalinc'
a. due to any person. except IN cases ~hete sai'
corporations have provided otherwise " an rSptrn
contract: Irorided. That the tax upon the dividend
reinsurance companies shall not BE- deemed dnc IN
III such d~ivIicnlS ARE payable, either ~ money o.
otherwise: and that the money returned by nliitna
| lUhuTunIt COlllhIllCs " tllNh lpiNSs $3.50 -
annual or scnil-annual Interest allowed or PAIL u
the dep0sitorS In savings banks or savings lnstiiu
tiOns, shall not be considered ~ dividends, ana tha'
when any dividend IL made or Interest as Aforesaid
ia paid, which Includes any part OF Tue surplus o.
contingent fund Qf any corporation which has beer
assessed and the tax paid thereon. or when ilsiude
ceivcd from other corporations whose officers arc au
thorized by law to Withhold u per ccn;hm on tn
same, the amount OF tax so paid on that portion u
the surplus or contingent fund. aud the amount ="
tax which has been withheld and paid on Dividends
interest, or coupons 40 received, may be dcd'icte
from the tax on suth dividend or Interest.
SEC. 10. Aud be H. further snacted. Thatevcry pei
son having the care or management Of any corpor.
ton liable 10 bs taxed under the last preceding set
lion, shall make and render 10 the assessor or aSsls
ant assessor Of the district IN which such person ha
his once for conducting the hIisinssso OF such corpol
alton, on or before the tenth dayof tho month follow
Ing that In which any dividends or sums OF none
become due or payable az Aforesaid. u true aud con
pletc return. IN such form as the commissioner ,
Internal Revenue may prescribe, OF the amount {
Income and profits AMI OF taxes as Aforesaid: an
there shall be annexed thereto u declaration of Ill
president, cashier, or treasurer OF the corporation
under oath. that the same contains = true ana con
plete account OF the income and profits and OF take
as Aforesaid. And for any default In the making a
rendering Of such return. with such declaration AZ
neSed. the corporations IN default shall forfeit, as
penalty, the sum Of one thousand dollars; and I
case Of any default In making or rendering said re
turn, or OF any default In the payment OF the tax q
required, or OF any part thereof, tla assessment an
collection Of the tax and penalty shall he in accord
nnce with the general provisions of flaw In other case
OF neglect and refusal.
SEC. IL. Aud BE- IL further enacted. That section
one hundred and twenty. one hundred and twenty
one, one hundred and twenty-five, AMI one huiIdrr'
and twenty-three OF the act OF June thirty, elGhteei
hundred and slxty-four. entitled An act to pr0vld,
Internal revenue TO support the government, 10 pa,
interest on the public debt, aud for other purposes,
az amended by the act OF July thirteen; eighteen
hundred and s~ixty-slx. aud the act OF March Two
eighteen hundred aud sixty-seren. shall be c~onstrue,
to Impose the taxes therein mentioned to the first
day oil August, eighteen hundred and seventy, but
after that date no further taxes shall be levied or as
sessed under said sections; and all acts and parts O.
acts relating to the taxes herein. repealed, and fhGt
all the provisions OF said acts. shnll continue IN mi
force for lcvying and collecting all taxes properly a.
sesscd or liable 10 be assessed, or ~accrulng under the
provisions OF former acts. or drawbacks. the right 10
accrue under said acts. and for maintaining and con.
tinulnglIcns, fines. penalties, and iorfciturss Incurred
under and by virtue thereof. And this act shnll not
be TO affect any act done. right Accrued. OF
right IL hereby saved. And for carrying out and
completing all proceedings which have been already
commencedO or that may be commenced to enforce
such fines, penalties, and forfelturcs. or criminal pro.
cecdings under said acts. and for the punishment Of
crimes ofwhic amy party shall be or has been found
guilty. -
ident Is hereby authorized TO annex to. and unite
with each other. two or mere adjoining collection
districts, whenever In his opinion II will reduce the
expenses Of collecting the Internal revenue, without
impairing the efficiency Of the service, and there
upon shall retain but one collector and one assessor
for such enlarged district. Aud the President j. also
authorized TO consolidate In like manner, at his dis.
cietlon. any two or more adjoining SUPERVISION dis
tricts. and To retain or appoint one supervisor for
SEC. 10. And be u further enacted, That as soon
AZ practicable hftcr the passage or this act the num-
Der OF assistant assessors employed shall he pcttlIa-
nently reduced by the discharge Of all officers OF that
class who are Assigned specially 10 tic assessment OF
any llxeS which shall have been abolished by law: