Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-06
LAWS OF The UNITED STATES.

trade. and debts ascertaned 10 be worthless. but ex.
Guiding all estimated depreciation Of values; ths
lie amount paid ior rent or labor to eul.
tiyate land, or to eon"uet any other BUS.
mesa nom which Income Is derived; the sinonnt
A. 4 residence FOR hin,self or his Gsmily. and the
amount paid out Tor usual and ordinary repairs. no
dc nction shall be made for any amount paid out ior
new buildings, permanent improvements. or better.
menu made TO increase the value OF any property or
estate.
gains, prontS, and income for the year ending on
the thirty-nrst day OF December next preceding the
sims for leyy;ss and soilest,ns 81. sSia a,t Tax. aS Sap sGsti
and seventy-one and eighteen hundred and seventy
two. and be due and payable on or before the thlrtleth
day OF April In each Of said years. And IN haaits1n
iiclh day OF April. and for ten days after notlce anu
demand thereofby the collector. there shall be LEVIED
and collected. as q penalty, the sum o. hve per GEM;
amount at the rate Of one per centum pei. month
from the time the same became due, except from the
estates or deceased, insane, or i%nsolvent persons;
be the duty OF every person or lawful age. whose
gross income during the preceding year excee led
two thousand dollars, t. MAKE ana render q Teserh
ant assessor or the district In which he resides OF the
gross amount OF his income. gains, and prohts as
aforesaid; but not including the amount received
fr6m any corporation whose oniccrs, as authorized
by law, withhold and pay astaScsa per ccntum OF me
dividends made and or the Interest on coupons paid
by such corporation. nor that portion OF The salary Or
or other service OF the United States, or as senator.
representative, or delegate In Congress-, nom which
tax has been deducted, nor the wdge+ OF minor child
rem not received: and every guariAn and trustee,
executor or administrator, and any person acting
In any other tiduclary capacity; or asa resident agent
for, or copartner Of any NONRESIDENT alien. 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 q return as Aforesaid 10 the assistant assessor
Of the district In which he resides o. the amount oI
whom he nets. The assistant assessor shal require
every such return 10 be verified by Tie odth OF the
party renIsri1S H. n aah ,nI ~ ' sScS pnTty. II S ne has
reason TO believe that the same is unferstated. In
case any person having q gross Income H. above. OF
two thousand dollars or more, snail negleet or rsIuse
TO make and render such return. or shall render a
false or fraudulent return. the assessor or the a sistant
ASSESSOR shall make such return. according 70 the pes
InformatiOnh he can obtain By the examination Olsalu
person, or OF his books or accounts, or by any other
evidence, and shall add, as penalty, 10 Inc amount
Of the tax due thereon, any per centam IN ~, easrs
turn, and one hundred per centuni IN al, cases ., d
false or fraudulent return having been rendered: Inc
tax and the addition thereto as penalty shal pc ~,
scIsed aud collected In the manner pr0vlicd lor IN
cases or wIllful neglect or refusal TO render q return.
or III rendering O false or fraudulent return. Bht 20
penalty shall be assessed nron any pspson ,r , s s,i.e
or fraudulent return. except alter reasonable notlee
ofthe time and place ofheaIing, TO be regulator Dy thc
Commlisioner oflntcmd Revenue. 40 as to give the
pcrson charged an emporium nifty TO he heard: Pro-
ridsd, That no collector. deputy collector, assessor, or
assistant Assessor shall permit 10 DC puonsncI manSS
manner such income returns, or any part thereoi.
except such general statistics. not specifying the
names OF individuals or nrms. as he may make public
under such rules and regulations A. the Commission.
er oflnlernal Revenue shall prescribe.
SEC. u. And be Il farther enacted. That wnen Tue
return or any person Is increased BY the assistant as
SCISSOR. such person. may exhibit his books ana &c.
counts and be permitted TO prove and declare, under
oath, the amount OF Income liable TO be assessed;
but such oath and evidence shall not DC conclusive
Of the facts, and no deductions claimeI IN suen gases
shall be allowed until approved BY the assistant as
scssor. Any person may appeal from the decision
ofthe assistant assessor. In such cases. 10 tho assess
or Of the district, and his dssi'iSh tnrrs0h' Rn n,es
shall be inal. The form, time, and manner OF pro
ceedings, shall be subject TO regulations 10 be pre-
se5iDed BY the Comm!s,logcr o. inte5p1 Tb dsfI onw Scr.
son, In his own behalf, or a. such nduciary or agent
shall be permitted 10 declare. under oath, mat he'
ses sell OF an TseenSe q Two thousand dollars. liable
TO be assessed according TO the provisions OF th-s heI;
or may declare that an Income tax has been assessed
and paid elsewhere In the sumo year, under authorl''
~ Ofthe United States, upon his income. gains. and
ufonts, o; those OF his ward, beneficiary. or princl'
pal, an required by law: and 1.-THE assistant assessor
shall be satisfied OF the truth u the declaration. such
person shall thereupon be exempt fom income tax
In the said district.
SIC. IL. And Dc IL further enacted. That eon,ils
Of fUrclgn EONtTnI1tIlh III III v ~ 80
United Stale shall b. exempt fron any Income tax
Imposed by this act which may be deriNei tronl lnclt
official emolunicnts, or nom properly IN ioIeisn
countrirs: Proridsd, That the governments which
such consu!s may represent shall extend similar ex'
emption to consuls OF the United States.
SIC. Is. asd BE- q yJnrthsr enacted, That tncre
shall be levied amt collected for and during the year
eighteen hundred and seventy-nnc \ tax Of ann
one.hAlf por centum on the amount OF all interest," o.
coupons paid on bonds or other evidences OF ueUt Us.
suel and payable In one OF more years Ailef uhte, ny
any of the corDorntions IN this section hereinafter
enumerated and IN the amount OF all dlNlienos VI
earnings. Income, or gains hereafter 'eSiarel, ny Ans
bank, tglst COMPANY. savings Institution, Insurance
company, railroad company. canal company, turn
pike company, canal navigation company, anibiack-
water company, whenever ana wherever ~, ~. s same
may be dle, including non.resiieiits. whether Gu
1cus or aliens. and OH all undivided prom ; OF any
such sorp9iai i %h,Sn u GnHS s eSSlnsS a" or o then
fund, and every such corporation having PAID HE
tax as Aforesaid. 10 hereby authorized to deduct and
withhold nom any payment on account o. inteies!.
oftwp and onc-half per ccntum on the SAME ana
the payment TO the United States. as provided by
law, q The amour. q tax 50 GsI ns ir9n .s1 ne s ":
charge the corporation from any liability hIr that
amour ut Otsaid interost coupons, or dividends ,clsim,d
ss- 4ae ~ sn S,I psI nroGid fsfS o.Sc ~ SSsi Sy s"t express Te.s
contract: horidtd, That the tax upon the divitcnds
o finsurance companies shall not be deemed due IN.
III such dividends arc payable. either In money or
and that the money returned by mutual
Companies 70 their po!lcy.holders, and the
annual or senl-annuHl interest allowed or paid u
the depos!tor, IN savings Sanks s, OF SAVINGS am hs, ,Su;
when any dividend Is made or Interest as Aforesaid
Is paid. which includes any part OF the surplus or
fund OF any corporation which has been
assessed aud the tax paid thereon. or which includes
any part Of the dividends. Interest or coupons re-
eSiycd rom other corpCrsuSn. whose otnsGrs Sle%a.
same, the amount Of tax 20 paid on that portion or
the surplus or contingent fund. and The amount OF
tax which has been withheld and paid on dividends.
from the tax on such diviienh or Interest.
SEC. 10. And BE- iIJnrther enacted, Thhtcvcry per.
kon having the care or management OF any corpora
ton liable TO be taxed under the last preceding sec.
Hon, shall make and render TO the assessor or assist
ant Assess0i Of the district In which such person has
his ONCE for conducting the ousinss, Of such cerpor.
alton, on or before the tenth dayof the month follow.
Ing that In which any dividends or SUMS OF money
become due or payable as Aforesaid. a true and com.
plete return, IN such form a. the Commissioner Of
Income and pronts and OF taxes as aforrsaid; AMI
there shall be annexed thcret9 4 declaration OF the
president cashier, Or treasurer OF nc corporation.
plete account OF the income and profits and Of taxes
as aforesaid. And for any default In tho making or
rendering OF such return. with such declaration an.
nexed, the corporation 30 In default shall forfeit, as
penalty, the sum OF one thousand dollars; and In
case OF any default In making or rendering said re-
turn, or fnny defaul. In the payment OF the tax q;
required, or Of any part thereof tho assessment anu
collection OF the tax and penalty shall be In accord.
anee With the general provisions OF law In other cases
SIC. il. XndG DC Il Gsrther enacted. That sections
one hundred and twenty. one hundred and twenty,
one. ono hundred and twenty-five. AMI one hundred
and twenty.three OF the act OF Juno thirty, eighteen
hundred and slxty.four, entitled IAN act TO provide
revenue TO support the government, TO pay
interest on the public debt, and for other purposes"
amended by the act OF July thirteen, eighteen
and slxtyslx, and the act OF March two,
hundred and siSty-scvcn, shall be construed
10 Impose tho taxes therein mentioned TO the nrst
hay nj Auyugf- eiyhtAFn hundred anti seventy. but
after that date no further taxes shall be levied or as.
scssed under said sections: and all acts and parts OF
Ii III sh Ss'p pfoSi. iS sss 81 T aid acts. sna afp Continue aep in iGIl
force for leyying and collecting all taxes properly a.
scssed or liable TO DO assessed, or aceruing under the
which has already accrued or which may hereafter
accrue under said acts. and for maintaining and con.
Hens, rnes, penalties, and forfeitures Incurred
Be construed to affect any act done, right accrued, or
penalty Incurred under former acts, but every such
light is hereby saved. And for carrying out aud
ommenced or that may be eommsnced 10 sntoress
Iuch Ones. penalties, and forfeltures. or criminal pro.
seedlings under said acts. and for the punishment OF
,rimts OF which any party shall be or has been found
utility. -.
SIC. ~. AID BE- Il 6rthr sraeted, Tha, the Pros.
dent 10 hereby authorized 70 annex to. and unite
With, each other. two or more adjoining collection
Expenses OF collecting the Internal revenue, without
mpainng, the efficiency Of the service and thOre-
lpon ihal retain but one collector and one assessor
10 consolidate In like manner, at his dis.
ietion. any two or more adjoining supervisors dis.
riet,. aud 70 retain or appoint ono supervisor for
consolidated district.
SEC. 10. And Be q Jsrths rsaefed, That a soon
practicable aner the passage OF this act the num-
OF assistant assessors employed shall be perma.
lsnty reduced BY the discharge Of all Officers Of that
my taxes which shall have been Abolished hy law:
md the Commissioner OF Internal Revenue shall DO