Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-20
LAWS OF THE UNITED STATES.

Arising from nres, foods, shipvrcck or Incurred In
Guiding all estimated depreciation OF values; the
amount Of interest paid during the year. md
ire amount paid for rent or labor to cni-
tivate land, or to conduct any other Dusl'
ness from which income Is derived; the amount
paid for the rent Of the house or premises occupied
as a residence for himself or his family, and me
amount paid ont for usual and ordinary repairs. NO
deduction shall be made for any amount paid OUT ior
new buildings, permanent improvements. or better.
mcnts made to Increase the valueo Of any property or
SIC. 10. AID be further Enacted. That the tax
hereinbefore provided shall be assessed npon the
gains, profits, and income for the year ending on
the thirty-flnt day OF December next preceding the
time for tevying and collecting said tax, and shall
be levied on the nrst day Of March. elgeteen hundred
and sevspty,one and eighiee n hln pd5s,. and IND , s,r,IS;h
day o Aprl In each OF said years. And In addition
to any sum annually due aud unpaid aner the thlr..
t,s1n day ,E o. ApTTnii I, and ,Ss d .oT zen aI tSs S,t .sn hT b. fev aed
and collected, as q penalty. the sum or Ave per cent:
um on the amount unpaid, and Interest on said
amount at the rate Of one per eentum per month
from the time the same became due. except from the
estates OF deceased, Insane, or lnsolvcnt persons.
SEC. IL. And be Il further enacted, That II shall
gross income during the preceding year exceeded
two thousand dollars, to make and render q return
on or before the day designated by law. 10 me assist.
ant assessor OF the district In which he resides OF the
gross amount OF his income. gains. and pronts as
Aforesaid; but not including the amount received
from any corporation whose officers. as authorized
by law, withhold and pay as taXeSa per ccntumo OF the
dividends made and OF the interest on coupons paid
BY such corporation, nor that portion Of the salary or
nay received, for services In the evil. military, naval,
or other service OF the United States, or a. senator.
representative, or delegate In Congress, rom when
tax has been deducted. nor the wages Of minor child
rem not received: and every guardian ana trustee,
| executor or administrator and any person acting
I'm any other iiducIary capacity; or as a resident agent
for, or copartner or any nonresident allen, deriving
Income, gains, and profits from any business, trade,
or profession carried on In the United States. or from
rents OF real estate situated therein. shall make and
render = return as Aforesaid TO the assistant asssssoT
Income, gains and profits Of any minor or person ior
whom he acts. The assistant assessor shall require
every such return TO be verified by the oath OF the
pnrty rendering II, and may Increase the amount, OF
any return, after notice To such party, II ne has
reason TO believe that the same Is understated. IN
case any person having a gross Income as above, OF
two thousand dollars or more, shan heglect or Ielusc
10 make and render such return, or shall render q
false or fraudulent return, the aSseisor0 or the assistant
assessor shall make such return. according TO the best
Information he can obtain by the examination OF sald
person, or Of his books or accounts, or by any OtheI
evidence, and shall add, Us q penalty, 10 the amount
OF the tax due thereon, my per Ccntum In all cases
of winiul neglect o. refusal TO make anu render n r.
turn. and one hundred per centuni ~ all cases q, u
false or fraudulent return having been rendered. The
tax and the addition thereto ~ penalty shal, " hs'
scssed and collected In the manner provided lor I'D
cases OF wIlful neglect or refusal TO render a return,
or N rendering a faisc or fraudulent return. hut no
penalty shall he assessed upon any person LOT hnsn
neglect or refusal, or for making or reildciins q Iaise
| or fraudulent return, except after reasonable noncc
ofthe time md place ofheRrlng, to be rcsulatrdb y thc
Commissioner Of Internal Revenue. so u.s. to give the
person charged All opportunity 70 De heard; fro.
riisi THAT no colIrctor,deputy collector. assessor. or
assistant assessor shall permit 10 be published I'D any
manner such income returns, or any patt hnerspi.
except such general statistics, not specifying tne
names OF IndiyIduaisO or firms. rs he make ylDnc
under such rules and regulations rs the COMMISSION
er OF Internal Revenue shall prescribe; ~
SEc. u. And b. IL further enacted. That wnen inc
return OF any person Is Increased by the assistant as
SCISSOR, such person may exhibit his BOOKS anu nc,
counts and be permuted TO prove and declare. under
| 18th III. afununf nf income liable 10 he lSsehspN,
but such oath and evidence shall not be conclusive
of the facts, and no deductions clained III kuch cases
shall be allowed until approved by the assistant az
SCISSOR, Any person may appeal from the decision
OF the assistant assessor. In such cases, TO the assess
or Of the district, aud his decision thereon. mlIessie-
yersed BY the Commissioner Of Internal Revenue,
shall be inal. The form. time, and manner OF pro-
c~ecdlngs, shall be subject to regulations 70 be pre-
scrlbed by the Commissioner OF lnternm Revenue.
SIC, IL. And DO Il further enacted, That any per
son, In his own behalf, or ~ such tiduclary or agent
shall be permitted to declare. under oath. that ne
or his ward, beneficiary: or principal; % %oS,rS = uppSic
TO BIZ assessed according to the provisions OF thls act;
or NAV declare that an income tax has been assessed
~ Ofthe InItcI States, upon his income, gains, ana
profits. or those OF his ward, bcnchciary. or prlne..
pal, as required by law: and the assistant assessTr
shall be satisfied OF the truth Of the declaration, shch
person shall tlereupon be exempt rom income TAX
In the said district.
SIC. H. And BE- Il Jurth"r enacted, That eonsnls
of foreign governments who arc not citizens OF Tue
United State. shall be exempt from any Income tah
Imposed by this act which may bederivel from thelI
official cmoIunle1!s' or or from ON PROPERTY p6SrTpgcn NJ 'S which
such consuls may represent shall extend similar cS'
emption TO csnsuls or the United States.
,SLc; Is. And De q J4rthsr enacted, ,n Ih AZ Wear ussr
eighteen hundred and seycnty-one a tax OF two ana
one-har per centum on the amount ofal interest," or
coupons paid on bonds or other evidences OF IeDt ~
sued and payable In one or more years after date. by
any Of the corporations In this section hereinafter
enumerated. and on the amount OF All dlNlIends y,
earnings, income, or gains hereafter declared, by any
bank, tnnst company. savings Institution, insurance
company, railroad company, canal company, TURN
pike company. canal navigation company anu sasG ao
water company, whenever and wherever the same
shall be payable. and to whatsoever person tne sane
may be due, Including non-reslients, wnctheT clu'
zeus or aliens and on al nndl'iaed pINn III ~ s anS
earned and added 10 any surplus. CONTINGENT or other
fund, and every such corporation having paid the
tax as Aforesaid, II hereby authorized TO deduct and
Withhold from any payment on account OF Interest,
coupons. and dividends m amount equal 10 the tax
oftwo and one.hali psf eentgm on inc safLe; anu u
law, OF the amount Of tax so deducted from the In
terest, coupons, and dividends Aforesaid. shall dis
charge the corporation from any laoillIy ,Tr ,nai
as due TO any person. except IN cases where SAID
corporations have prov lfcdO otherwise by an express
contract: prorid,d, That the tax upon the dividends
ofinsuIancc companies shall not be deemed due I'M
~ such dividends are payable. either Ia money or
otherwise; and that the money retIrnen Cy mutual ~ ,hn
annual or seml-annual interest allowed or paid 10
the depositors in savings banks or savings insttu.
tIonS, shall not be considered Is dividends, anu thAt
when any dividend Is made or Interest rs aforesaid
Is paid, which Includes any part or the surplus or
contingent fund Of any corporation which has been
assessed and the tax paid thereon, or which Includes
any part OF the dividends. interest or coupons re-
ccIvcd from other corporations whose officers atcau-
thorized by law to withhold a per cenInm on INC
the surplus or contingent flnd, and the amount OF
tax which has been withheld and paid on dividends.
r nSS,t the tax Ss on ou sSeh dividend or interest.
SEc. IL. AEibe IL further enacted, Thatcvcry per
Son having the care or management OF any corpora
ton liable to be taxed under the last preceding sec.
lion, ahaI make aud render TO the assessor or assist.
ant ssAso Of the district In which such person has
his once for conducting the eusinsssoI such corpor'
alton, on or br.prC the tenth day OF the month follow
Ing that In which any dividends or sums OF money
become due or payable ms Aforesaid, a true and com.
plcte return, In such form rs the Commissioner OF
Internal Revenue may prescribe. OF the amount Of
Income and profits and OF taxes aS aforcsaid; and
there shall be annexed thereto a declaration OF the
president, cashier, or treasurer or the corporation,
under oath, that the 4 m contains a true and com
pletc account Of the Income and PROFITS and OF taxes
as aforesaid. And for any default in the making or
ncxed, the corporation so In default shall forfeit, as a
penalty, the sum OF one thousand dollars; and In
ss"S sS Of any ID, default ssl,u II IN mn ,Ss 1s OF 1Snds IF ,Ss sd "a, r g.
required. or OF any part thereof. tho assessment and
collection q the TAX and penalty shall be y aesard.
SEC. il. Xsd be Il .hurthtr enacted. That sections
Il one nl1UTr MI INtUly. OIf nullAitf ahh Wv
one, one hundred aud twenty-five. and one hundred
and twcnty.thrce OF the act OF June thirty, eighteen
hundred and slxty-four, entitled An act TO provide
internal revenue 10 support the government, to pay
Interest on the public debt, and for other purposes"
as amended by the act OF July thirteen, eighteen
hundred aud slxty-slN. and the act OF March two,
eighteen hundred and siSty-seven, shall be construed
to impose the taxes therein mentioned TO the frst
day OF August, eighteen hundred and seventy. but
after that date no further taxes shall be levied or as.
seSsed under sald sections; and all acts and parts OF
acts relating TO the taxes herein repealed, and that
all stn nrnul.Inna nl unlI nrtE ahHn f0ntiDnn In fml
force for Ievying and collecting all taxes properly as
sesscd or liable to be assessed, or accruing under the
provisions OF former acts, or drawback. the right TO
which has already accrued or which may hereafter
accrue under said acts, and for maintaining and con,
tlnuIng liens, fines, penalties. and iorfeltures Incurred
under and by virtue thereof And this act sLall not
be construed TO affect any act done. right accrued. or
penalty incurred under former acts, but every such
right Is hereby saved. And for carrying out and
commenced or that may be commenced 10 enforce
such zines, penalties, and iorfcltures, or criminal pro-
ceedIngs under said acts. and for the punishment Of
chmesof which any party shall be or has been found
guilty.
SIC. IA. And be IL further sndetsd. That the Pres
ident Is hereby authorized 20 annex TO, and unite
with cnch other. two or more adjoining collection
districts, whenever in his opinion, II will reduce the
expenses OF collecting the internal revenue, without
impaIrins the efficiency OF the service, ana there
upon shall retain but one collector and one assessor
for such enlarged district. And the President Is also
authorized to consolidate In like manner, At his dis
clction, any two or more adjoining supervision dis.
trlcts. and to retain or appoint one supervisor for
SIC. IL. And Be u further enacted. That as soon
a. practicable After the passage or this act the num-
Der OF assistant assessors employed shall be.perma'
class who arc assigned specially to the assessment OF
any taxes which shall have been abolished by law;
and the Commissioner Of Internal Revenue shall be