Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-22
tPublic-So. 1871
AN ACT TO reduce Internal taxes, and for other
purposes.
Approved. July Il. 1870.
Bel enacted Jyihs Senate and Honse Of Representa
tires oIthe United &ates Of America IN Conore''
o,ssnbfed

Bel enacted Iyihs Senate and Honse q Repreienta.
tires or,ths United &Gto Of America IN e0n0re''
Gnembled
That on and after the nrst day OF Nay. eighteen
hundred and seyenty-onc, the special taxes imposen
By the scventy- ninth section OF the act enti.eu an
act to provide Internal revenue 10 suppSis 'nc syI ~
other purposes" approved juno thirty, eGnteen
hundred and sIxty-four. as amended 6y seeuon nlne
Of the internal revenue ACT Gpprovea 1u,y n.sd ~:
section two OF the internal revenue act appIoVcu
March two. eighteen hundred and sixtyLsevsn, zee,
moi be held 10 repeal or in any wny. affect the special
tax on brewers imposed by said section, or the spec
altaxcs imposed by 'he aet apptosec ysy "r 4 Ssi'
imposlng taxes on distilled spirits ana tooaSSo, an1
for other purposes" or the acts amen!atory thereof.
SEC. :. And be IL further enacted. That on and
after the 1rst day or October, eighteen nunIre Sx IN
internal revenue laws now In force. saving and ex.
ceptlng such taxes on sales as are oy o1isunk LAH
co. manufactured tobacco. smut. cigars. foreign and
domestic distilled spirits, and wines. imposed bytail
act. approved July twenty. slgntesn 9I hs cd s ~
same arc hereby, repealed.
SEC. .. And Be IL further enaeted,. That on and
after the first day OF October, eighteen hundred ana
seventy, The taxes imposed by the internal revenue
Laws, nov In force, herein specified, bc, and the same
arc hereby, repealed, namely: OIL articles In schedulc
A; The special tax OH boats. barges and nats; on lega-
Giles and SUGGESTIONS; OIL passports; and on gro'sre'
celpts.
SIC. 1, And be itj further exaetsd' That on and after
the iirxt day ofJctober eighteen hundred and seventy.
the stAmp tax imposed In schedule y on prohlissors
notes Tor 4 less sum than one hundred d0liafs. anu on
receipts for any sum o%fnioncy. or for the payment o.
any debt, and the stamp tax imposei IN scneduIe Y.
on canned alrl preserved nsn, os, ana nhS :. r.nn,rsS
upon the transfer or assignment 81 anortgase. "he,v
II or the Instrument II secures has been once luy
srlIsp named in II said sSsSssdulsc who shall furnish his
or their own die or design for stamps 10 be used e.;
pecially for his or their own proprietary aIueie,. snll
be allowed the following commissions. namely: Un
amounts purchased at one time OF not less ian nIy
dollars nor more than i've hundred dollars nSe per
centuln; AMI on amounts over ave nunutsa SSI .s
Prorided. That lucifcr or friction matches. hna 81.
CARS lights. and waN tapers, may be remover from
the place Of manufacture ior ekpolt 70 : io.e,kn
thereto, under such rules and regulations as the Com.
missioner Of Internal Revenue may prescribe; and
all provisions orexsting laws inconsistent here"ith
are hereby repealed.
SEC. S. And be Il further enacted. That section
one hundred and tfty-eight OF the act eniilsd AN
act 10 provide Internal revenue TO support the gov
%crnnent, 10 pay interest on the public debt, and lor
other purposes" approved July thirty, eighteen
hundred and sixty.four, ns amended BY section pine
Of the internal revenue aci, approved Jaiy thi..esn'
amended by striking out tho words my dollars
In the second proviso, and inserting In lieu thereof
the following; double the a 'sa0 1S 81 YAK doI,s ,ema' nl.s'
BY striking out the words "sixty.slx" In the thlru
proviso. and Inserting In lieu thereof the words
''seventy.o nc; also. byStIIklng out the words sky
scvci.' In the last provlso, and inserting In lieu there
Of the words "sevcniy.two."
SEC. 6. And b Il further indicted, That here shall
be levied and collected annually, rs hereinafter pro.
yIdcd. for the years eighteen hundred and seventy
and eighteen hundred scvcnty-one, and no longer. n
tax Of two and one-half per centuni upon The gains
profits. and income Of every person residing 70 the
United States, and OF every citizen OF the united
States residing abroad. derived nom any source
whatever. whether within or without the United
snnuSily TpSn Inc gains, profits, and income derived
from any business. trade, or profession carrie On W
the United States by any person reIdlng. WITHOUT
rents OF real estate within the United States owned
by any person residing without the United states.
and not a citizen thereof.
SEC. :. And be 10 further enacted: That In csti'
mating the gains, profits, and Income OF any person,
there shall DO Included all Income derived from any
kind Of property, rents, interest received or accrued
uponallnotes. bonds. and mortgasss; SrotneI i oI nn;
II good and cOllcctablc. interest upon notes, oonds.
or other securities OF the United statct, and tne
amount OF all premium on gold and coupons the
SnIns. profits. and income ofany business. profession.
trade. employment, oficc, or vocation; lnciudlng
any amount received as salary or pay lr serfieesln
the civil, military, naval, or other service Of the
United Statcy, or a. senator, representative or dele
gnts In Congress: except that portion thereof nom
which, under authority OF acts o. Son S.i s, p,sT spen
Withheld. the share OF any person OF me gains ana
proIts. whether divided or not, OF all companies OF
partnerships, Dnt NOT nciuulhkS
by law, withhold any paw as taxes . per eentum .,
The dividends made, and or interest or coupons paln
by such corporation. profits realized Witnin ts
wear from sales OF real estate purchased within we
yelrs previous TO the year for which income lsesu
mattel; the amount Of sales OF i've stock, suka,,
wool, butter, cheese. pork, beef, mutton, or otneI
meats, hay and grain, fruits, vegetables. or o.ner p'o,
duction,, being the growtho or produce oitne esI9tso o.
such person, but not Including any part Thereof Ion'
sumeA directly by the family; and al otner Ralnn'
profits, aud Income drawn from any touIce Nnas.
but not Including the rental value Or ne non,es.ea'
used or occupied by any person, or oy MS 'anh"''
SIC. 4. And b. u further eAaetsd, That military OF
naval nsnsIons allowed to any person under the AVE
OF the United States. and the sum OF TWO ,n Ds ner.
dollars OF the gains. profits. and income OF :a.y IL
son. sbali be exempt from said income uairmn,
The manner hereinafter provided. Only one ~
, ,iH IN two thousand dollars shall be made from tne
Aggregate income OF all the members OF ny iH n,nrss
cSmposed OF one or both parents ana pme hsn :
minor children. or ofhusband and VIC, ~ ~ con.
wife has by law q separate income. oeyono 70. .o,rt
,,nI ~ her husband, and "a living separate ana aPa.s
rom him, such deduction shall then De maae,, ,1,a
;ncome. gains, and profits; and Ruardlahsa anu t.sor
,ecs snail be allowed 10 make the oeanS.onI ~ esse az
Of each m w1sa r az Se oT eSoencSeiirs; complied IN one
.w,Iy, having Joint property interest Sny M "pS nur-
n aunu s6all be made In their favor. for tne W.
no.e OF following said dedueuon Mo hot M III their
any ie.s AMI nc income ,therefrom Jointly sna ~
ppoov,mon. each nvo Of the pcrsons oonipos,rrh ~ ~
soeIoty' and any remaining fractional nsH nso1n "
Such person, ieS t S.id 70 constitute q family,
Of J. deduction OF two thonaind cVIs
aahnoIn \. Allowed for each OF ssla tamin n
hny taxes on the Incomes. gam; and \ ss,s.sed and
societies. now due ana ShpA ao,i sIlsn eSeept that The
collected ae s. I ~ only ons Gouand douirs for any
dsausuSn ~ srbtsen hundred and seventy.
SIc, ). Isd b n(tSthr ssSasc, - ~ 49,