Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-12

Bed enacted IvtLs Senate and HOn.s q
asserbted
That on and after the frat day OF May. eighteen
bunired and seventy-one, the special taxes imposed
by INC sevcnty-nInt section Of the act entitled IN
act 10 provide Internal revenue TO support the gov
ernment TO pay interest on the public debt, and LOT
other purposes" approved June thirty. eighteen
hundred and sIxty-four, as amended by section nm
OF tho Internal revenue act approved July tnirsesn:
section two OF the internal revenue act approved
March two. eighteen hundred and sixtyseven, DC;
and the same arc hereby. ~re1ealed: ont ,hiss es snnii
not DO held TO repeal or In any way anect inc speelaI
tax on brewers imposed by said section. or the Hee-
inItaxcs imposed by the act approved July twenty,
eighteen hundred and sIxty.eign!. snsuSo an a St
for other purposes" or the acts amendaNry tnereoi.
SEC. 2. And be IL further enacted, That on and
after the nrst day or October, eighteen hun1reu anu
internal revenue laws now In force, saving and OK.
cepting such taxes on sales as arc by existing law
paid by stamps. and the taxes on sales or leaf tooac.
do;nrs,ie distilled spirits, and wines, Imposed BY said
act, approved July twenty. eighteen hundred ana
sixty and acts amendatory thereon. DC, anu INC
same arc hereby. repealed.
err a And bs II further enaetsd, That on and
ancr the nrst day OF October, eighteen hundred ana
seventy, the taxes imposed by the Internal revenue
laws, now In force, se nsm sH e on &aii, nj -" IN seSsduIe
A: the spcclai tax on boats. barges and mats; on lega-
cles and SUGGESTIONS; on passports; ana on s'osre
ccip,s.
Src. 4. And be IL further endetsd' Thato on and amer
the urst dsy ofuctober eighteen hundred andseveuty,
the stamp tax imposed In schedule y on pronlissory
notes Tor a less sum than one hundred dollars, anu on
any debt. and the stamp tax imposed In schedule Z,
on canned and preserved ish. be, and the same are
hereby, repealed. And no stamp shaI DC teouuea
upon inc transfer or assignment OF q mortgage, whete
Id or the Instrument II secures has been once guy
stamped. Aud the proprietor or proprietoso o. ar
ticlesn named In said scheduled, who shall turkish ms
or their own die or design for stamps 10 DC useu CO.
pccIully for his or their own proprietary articles, snal
be allowed the following commissions, namely: on
amounts purchased al one time OF not isss Ian un.y
ccntum; and on amounts over dive hundred dollhts'
ten per crntum OIL the whole amount purchaser
Provided, That luclter or friction mateaes; sn% o g.,
The place Of manufacture for export 70 . lorelsn
country without payment or tax. or pnxlng stamps
thereto, under such rules and rsSniauons a. rne .' 'ns
all provisions ofeSisting laws Inconsistent herewith
arc hereby repealed.
SEC. 5. And BE- Il further enacted, That section
St to provide Internal revenue to support the gov.
crnment, 10 pay interest on the public debt. ana lol
other purposes." approved July thirty, eisnteen
hundred and sixty-four, as amended by section pine
OF the Internal revenue act. approved July thirteen,
eighteen hundred and siXty-slx. be, and 10 hereby,
amended by striking out the wonls 'nt.y dollars
in the second proviso, and inserting In lieu Thereon
the following: double tho amout VI tax remaining
unpaid, but In no case less than nve dollarS' eso,
by striking out the words "sixty.siS' IN tho thlIu
provisO. and inserting In lieu thereof the WORDS
tsevcnty-onc; also. Uy ST. liking out the words sixty
sevei.' IN the last proviso, anu Inserting In lieu there
Of the words "serenty'two."
SEC, G. Andbs il further enacted, That here shall
be levied ami collected annually, aS hereinafter pro.
vided, for the years eighteen hundred and seventy
and eighteen hundred seventy-one. and no longer, 4
tax Of two and one-halr per centum upon me gains
profits, and Income Of every person residing IN the
United States, and OF every citizen Of tho United
States residing abroad. derived from any source
whatever, whether within or without the Enited
Suites, except as hereinafter provided. and q llketA AZ
annually upon the gains. profits. anil Income derived
from any business, trade, or profession SaHio On "
the United States by any person reNalng wrnsoons
tho United States, and not n Citizen thereof, ORION
rents Of real estatc within the United States owned
by any person residing without the united states'
aud not q citI, en- thereof.
SEC. I. And be u further endefed: That IN eeu'
mating tho gains, profits, and Income OF any person,
there shall DO included all income derived Iroin any
kind OF property. rents, interest," teesirea ~ Sorms
OF indebtedness bearing interest, whether pelo OF not
fg0od and collectable. Interest upon notss. oonas,
or other securities Of the United states, ana inc Ky
amount Of all premium on gold and coupons tne
gains, pronts. and income ofany business. prolsssign.
trade employment. once, or vocation: including
any AMOUNT TsS, G, Tssslyed n as sI'. ay OF oth pa' service u Inc
United states, or ~ senator, representative OF uel6
gate IN Congress: except that portion tnereot IIom
which. under authority Of aen 81 To .S.I h,ye Ss,cn
the share Of any person OF the gam ana
urodn. whether divided or not, OF AL companies OF
partncrshIps, but not including the amount received
rom any corporations whosc officers, a. authorized
nv law, withhold any paw IS taxes per centum o!
the dividends made, and OF interest or coupons plid
by such corporations; profits realized wiinin lns
years previous to the year for which income " estl'
mated; the amount OF sales OF i've STOCK. suEal.
wool, butter. cheese, pork, beeL. mutton, or otner
meats, hay and grain, frults. vegetables. OF otner PFC,
auctions, being the growth or produce olthe estate OF
such person, but not Including any part Thereon CON
sumed directly By the family; aud al othef tAns,
profits, and income drawn nom any soutee wnasssL
used or occupied BY any person, or oy Ms iamhy.
SEC. 8. And BE- 10 further enacted, That military OF
naval n~ensions allowed toany person under tne lans
ofthc United States, and the sum OF two tnoussna
dollars or the gains. profits, and Income OF any per
son, shall be exempt from said income tax IN
the manner hereinafter PROVIDED. Only one oeoue-
lion OF two thousand dollars shall be made from me
aggregate income OF all the members Of any tamay
minor children, or o fhusband and Wle; put Sncn
wife has by law q separate income, beyond tne con.
troll Of her husband: and !. syiIE ,sP.rrt ~ an lro np ~.
,ees shall BE- allowed 70 make the deduction In favor
Of each ward or ee =. sIss Irs o mat 70 f IN enc q.
family, having joint property Interest ony one ae-
n ~tion shall be made In their favor. Tor tina pur.,
nose OF allowing said deduction from the income OF
any and the income thsrefom Jointly and IN
eonimon, each I'VE or the persons composing Inen
Society, and any remaining fractional number OF
such person, less than nre over suea gropPs
and q deduction OF tive thousand dollar
sSsll be allowed for each Of said tamilies.
ANY taxes on the Incomes, gains, and pronu OF such
.@oslst!es; nov dps ana ,s ,S Sa aaIoyi snMi esesps tSst iSe
dsauctIon shsiI be only one thouAand dollars for any
wear prior 10 eighteen hundred and seventy, -.
SIC: 3 And b. a{.s!H sr,s s.sss' r. t II. $500 ~ eHr.,