Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-08
LAWS OF The UNITED STATES.

,..,,on. there shall be deducted from the gains
proits. and income Of any peTs on nv Nv h S,m Within E,i ~
N Ma Losses actually sustained during the yea
.ri.Ins from %, tss; :.s sS4a;i sa' p &c Worthless 81 Iasui but OK
sJiSJinT ali estimated depreciation Of values; tn
amount OF Interest paid during the year. an
20 amount paid 10 'o eon ,Sne az any 'AV other bus
ness nom which Income Is derived; the amoln
nsid for the rent Of the house or premises occupie
A. a residence for himself or his family. ana y
smount maid out ior usual and ordinary repairs. n
deJucIon shall be made for any amount paid out 10
new buildings, permanent improvements. OF oettei
ments made to Increase the value OF any property o
SIC, 10. ind b, Il further enaeted. That the IA
hcreinbeforc provided shall DO assessed upon IN
gains, profits. and income for the year endllls ol
Inc thirty-rrst day Of December next preceding IN
tIme for icvyinS and collecting said tax, and shal
be levied on the hrst day Of March. %elgcteen hundre,
and scventy-one and eighteen hundred and seventy
two and be due and payable on or before. the thlrtletl
day of April in each OF said years. And IN auultlol
IN any sum annually due aud unpaid after the thlr
t!eth day Of April. and for ten days aItsr notice al an,
demand thereofby the collector. there shall be lcV.ct
and collected. as 4 penalty. the sum OF nve per cent
um on the amount unpaid, and interest on sal.
amount at the rate OF one per centllln per nlonti
from the time the same became due, except rom th'
estates OF deceased, insane. or i%nsolvcnt persons: =,
SEC. u. And be IL further enacted. That II snail
be the duty Of t every Re- PsF' 0Tsc Of a~i Tr, aS ssc wSUst
| bIbos Aulfh6 ~
two thousand dollars. 10 make and renher a return
on or before the day designated by law. 10 inc assist
ant assessor OF the district In which he resides ol Tue
Gross amount OF his Income, gains, AMI pronts q,
Aforesaid; but not Including the amount received
from any corporation whose ot1csr5. AS AUTHORIZED
by law, Withhold and pay rs taxcsa per ccntumo OF INC
| dividends made and Of the interest on coupons paid
by such corporation, nor that portion Of the salary OF
| pay received, for services In the civil, military. naval
or other service OF the United States. or A. senator
representative, or delegate In Congress. from which
tax has been deducted. nor tho wages OF minor chliu'
rem not received: and every guardian ana Trustee
executor or administrator. anu any person ACTING
In any other nduclary capacity; or asa resident aecnl
for. or copartncr OF, any nonresident allen. deriving
Income. gains. and profits from any business, ttanr,
or profession carried on In tho United States. or t.nih
rents OF real estate situated therein. shall make and
render d return rs Aforesaid TO the assistant assessor
Of the district In which he resides OF the amount OF
whom he acts. The assistant assessor shall require
every such return 10 be verified by the onth OF inc
party rendering II, aud may Increase the amount ol
any return, after notice TO such party, u ne ma
reason 10 believe that the same Is unders:atcI. ~
case any person having Il gross income ~ ABOVE, Oh
| two thousand dollars or more SHAH neglect or rrluse
to make and render such return. or shnh Isnusr =
false or fraudulent return, the assessor or the assistant
assessor shall make such return. according 70 Tue Desi
Information he can obtain by the examination olslld
person, or OF his books or accounts, or by any othe!
evidence, and shall add, - a penalty, 10 Inc amount
OF The tax due thereon, my per ccntuni IN MI case
OF willful neglect O. refusal to MAKE anu Icnucr n r.
turn, and one hundred per centuni III AL CASES ~ .
false or fraudulent return having been renncTeu. lht
lAx and the addition thereto as penalty shhii De as
seSscd and collected IN the manner PROVIDED lor 10
cases OF wIlltul neglect or refusal TO rencer q return,
or if rendering q false or fraudulent return. nut ~
penalty shall be assessed upon any person if tncn
neglect or refusal, or for making or icndctlnS a .ssS
or fraudulent return, except after reasonable nouSe
ofthu time and place ofhcar!ng. 10 DC CIRCULATED pI w
Commissioner OF lntcrnSl Revenue, SO as 70 give IN:
person charged All opportu nifty TO DC hcnrd; ITO
ridsd, That no collector deputy ollector,asses,ot OF
assistant 4ssessor shall permit 10 De publlshca imnn;
manner such Income returns, or any paIt tne'e u
--....I aNaNIaIlr nOl anpglvluE tnp
\ pumeS OF Individuals or trms. as helnay nlakc puO.'
! under such rules and regulations usthc Ioihhi'9sio"
or OF Internal Revenue shall prescribe. a.,
src, n, And be IL Jurihcr enacted. Ihht wlcu wv
return OF nny person Is Increased by the assistant ~
sessor, such person may exhibit his books ahl &c
counts and be permitted to PROVE snd i"SaI", uu"t
oath. the amour: c. income liable 10 be assessor
/ mi such oath ana evidence shall not be conclusive
OF the facts, and - deductions claimed In sue case'
sSSsor. ANY person msy appeal rom the decision
| OF the assistant assessor, IN such cases. 10 inc assess
| or OF the district, and his decision thereon. nhle,sie
versed by the Commissioner oil lntcrhai h'rens -
shall be 6nal. The form. time, aud manng! o. pro
ceedings, shall be subject 10 regulations 20 " pre-
scriboT Gy the Commissioner OF internal Revenue.
6Ec, Ii. And be- IL further enacted. That any per
,on. in his own behalf. or rs such nducIary or agent
shall 10 permitted TO declare, unief oa'n, mat ne
or h., Satd, beneficiary: or pIinSipai; T Sos,r no' u r !
10 DC assessed according 10 the provisions OF th,s w
or NAV declare that an income tx has beeh n'sehsc.
and paid elsewhere IN tn. same ytaI. o umaS g, Hn." nnt
pfohts. or those Of his ward. beneficiary. or prlISn
bal, NJ required by law and u the assistant oSses'0i
.ball be satisfied OF the truth VI the teclaratlsh,s ucI
person snail thereupon be exempt f,om Income LAY
In the said district. r.r,,
q iSteiSn G%SveT Snli IN s, wnG af from gU' any income ia,
imposed by this act which may bederiHed from tlen
otrieial emclunlen,:. Or from p1SpeI,y M 'S %Sist
such consuls may represent shall extend similar TX
eniption to consul. Of the United sta,e;. r,., ,,.,
SIC, Is. And be IL further shdefed, Ihht 'het'
shah be levied ami collected for and duTing the yea
Ell .hteen hundred aud seyenty-one q Tax o. Two Az
One.half per eentum on the amount OF all lnteIsss %
sued and PAYABLE In one or more years after date. b.
any VI tho corporations III this section hcfrlnai'e
enumerated, ani On the amount Of all dlNliehus =
bank, trust company. savings Institution, insutahe
company, railroad company, canal company. tuinn
pike company. canal navigation company, auI saSA
water company, whenever aai wherever the sIli
shall be PAYABLE, and TO whatsoever person the sam
may be due, including nonrcsiicnts. whether GU
lens or aliens. and on az UNDIVIDED pton,e oi an.
such corporation, which have accrued and beeI
earned and added to any surplus, contingent or othe
fund, aud every such corporation having PAID III
tar as aforesaid, ID her" y authorized 70 deduct al,
Withhold from any pa' .nent on account OF intcres,
coupons, and dividends an amount equal 70 tue Ia!
Of two and one-half per ecntum on the SAME an,
Ins p ~ ihe amount OF tax 80 DEDUCTED rom the In
terest, coupons. aud dividends Aforesaid. shall dis
charge the corporation from any Liability t"r Una
n lUu " u NNNi llskNi y ~
as due 10 any person. except In cases where SLi'
corporations have provided otherwise BY an eNpr"s
contract: Provided. That the tax upon the dividend
OF Inslrance companies shall not BE- deemed due I'm
I'll such dividends are payable, either IN money o.
otherwise; and that the money returned by mutna
Insurance conf iIlcst TO their policS;;aliders, ana IN
annual or semi.annual interest allowed or paid Il
the deposltoTa In savings banks or savings instltu
lions, shall no: he considered as dividends; and INA
when any dividend IL made or Interest a. aforesaid
Is paid. which l?cluricS any part Of the surplus Of
contingent nIipA Of any corporation which has beer
assessed and Tho az paid thereon. or which include
any part OF IT,. Dividends. Interest or coupons re
ceiyeI from other corporations whose Officers aIcau
thorized BY law 10 withhold Il per ecntunl on TN
same, the amount OF tax ~ paid on that portion 0
the surplus or contingent iund, and the amount o
tax which has been withheld aud pald on d~ivldanis
Interest, or coupons No received, may De deductct
nom the tax on such dividend or Interest:
son having the care or management OF any corpora
lion liable TO be taxed under the last preceding sec
lion, shall make and render TO the assessor or assist
ant assessor Of the district In which such person Ia
his onice for conducting the buS!nsSso or such eorp0i
alton, on or before the tenth day Of the month follow
Ing that In which any dividends or SUMS Of none
become duo or payable as Aforesaid, a true and com
pletc return. In such form ns the Commissioner q
Internal Revenue may prescribe. OF the aillonn' 9
Income and profits AMI OF taxes as aioTcsllh; mn
there shall he annexed thereto q declaration OF III
president, cashier. or treasurer OF the corporation
under oath. that the same contains q true and CON
plete account Of the Income and profits and0i take
as aforesaid. And for any default In the making 0
rendering Of such return. with such decl1rLtlon M
nexcd. the corporation 80 In default shall forfeit, as
penalty, the sum OF one thousand dollars: and u
case OF any default IN making or rendering said &c
turn, or OF any default in the paynicnto OF the tax q
\ required. or OF any part thereof, the assessment an.
collection OF the tax and penalty shall he In accord
anee with the general provisions oflaw In other case
Of neglect and refusal.
SEC. IL. And be il further tnaetsd. That section
one hundred and twenty. one hundred and twenty
one. one hundred and Twenty-Five. and one hundrr'
and twcnty.thrce Of the act Of June thirty. clghtcci
hundred and sixty-four, entitled An &C, 70 provid,
Internal revenue 10 support the government. TO pay
Interest on the public debt, and for other purposes,
US amended by the act u July thirteen, eighteen
hundred and ~sixty-siN. and the act OF March two
eighteen hundred snd sixty-sevcn. shall be construed
to Impose the taxes therein mentioned 70 tho prst
day OF August. eighteen hurrircd and seventy. but
seSscd under said sections: and all acts and parts Of
acts relating to the taxes herein repealed, and that
all tho provisions OF said acts, shall continue 10 fuli
force for leyytnc and collecting all taxes properly as
sesscd or liable 10 be assessed. or aecIulne under the
provisions offormer acts. or drawbacks. the rlSnt 10
which has already accrued or which may hereafter
accrue undor said acts, and FOR maintainllS and con;
tinuIng lieus, tines, penalties. and forfcltureS incurred
under and by virtue thereof And this act shall not
be construed 10 affect any act done, riSht accrued. or
right Is hereby saved. And for carrying out and
completing all proceedings which have boon already
commenced or that may he commenced 10 enforce
such unes. penltts. ana ioririiares. or erinhna. Pc;
erneso Of which any party shall be or has been found
guilty.
ldent Is hereby authorized 70 annex to. and unite
with each othar, two or more adjoining collection
districts whenever In his opinion II will reduce the
expenses OF collecting the Internal revenue. without
lmpainug the ~et1clency OF the service and there
upon shall retain but one collector and one Assessor
for such enlarged district. And the President y Mso
authorized 10 consolidate 10 like manner. at bis DIS
cstiol. any two or more adjoining supervisor dis
uicr, aud 10 retain or appoint one supervisor Tor
| such consolidated district.
6Ec. l2. And be Il further es1et,d, Thai As coon