Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-09-21
fPublIc-No. lH.l
AN ACT to reduce Internal taxes, and for othe
purposes.
Approved. July II. 1870,
Bet enacted byihe Senate and Home 81 RtpreisHtt
tirts eLths UHitsd Saia Of hmsr1ea Co"0rs'
aIIelnbIed

| Bet enacted blythe Senate and Home Of lRtpresnta-
tira cLihs JAitsd aaia Of America !" Co"0r"'
assembled
That on and after the nnt Day OF Nay. eighteen
By The seventy.ninth section Of the act entitled An
act 70 provide internal revenue TO support the gVS-
crnnient, 10 pay Interest on the puolie aeot, aho ~,
| other purposes" approved June thirty, eisntsen
| hundred aud slxty.four. a. amended BY section nine
Of the internal revenue act approved July tlilteel.
eigcteen hundred and siSty+ix, and as amenuea "
section two OF the Internal revenue net applpScu
March two. eighteen hundred and ilxtyteveh; oe,
| and the same arc hereby, ~repealed; but thisact snal;
not be held TO repeat or in any way sneet tne sp"ssI
| iaItaxcs imposed by the act approved July twenty,
eighteen hundred and slxty.clght, entitled An asi
Imposing taxes on distilled spirits and TOBACCO. ana
for other purposes" or the acts Amendatory thereof
SEC, 2. And be Il further ssaetsd. That on and
after the nrst day or october. eighteen nunored aho
seventy, The several taxes on l sass ,mg1sea M nv y.
\ ccpting such taxes on sales a. are by existlng Jaw
paid By stamps, and the taxcs on sales OF le1l ZODIAC,
GO; ms s,,u hIs,IlIsd , 1SPnseI mi sh WInsss IMPOSED By said
act, approved July twenty. eighteen hundred ana
sIxty-eIgllt. and acts amendatory thereof, be. and the
same arc hereby. repealed.
SEC. ;. Aud BE- il Jurihr enacted. That on and
aGer the nrst day OF Octob... eighteen hundred and
seventy, the taxes imposed by the Internal revenue
sTs hercSy. repealed, namely: on articles 10 schedule
A; the special tax on boats. barges and mats; on leSa'
cIes and SUGGESTIONS; on passports; anu on srossle-
celpts.
SEC. 4. And BE- Il further enaeisd' Thaton and amer
| the tIrst dsy of,pctober eighteen hundred and seventy,
the stamp tax imposed In schedule u on promlssory
notes Tor a less sum than one hundred aoilars, anu On
ANY debt. and the stamp tax imposed In schedule Z:
on canned and preserved nsh. be. and me same arg
hereby, repealed. And no stamp shall De required
upon the transfer or assignment off mortgage, wheIe
it or the instrument II secures has been once auly
stamped. And ths pLopIiSt0r or ptSp Shf SIS, ~ ar "
or their own die or design for stamps TO be used cs.
| pecIally for his or their own proprietary articles, snnll
be allowed the following commissions. nancy; IN
dollars nor more than i've hundred dollars, npe per
| ccntun; AMI on amounts over hve hundred dollafs'
| ten per crntum oil the whole amount purchased
| Proridsd, That lucifcr or friction matches, anu el'
CARS lights. and wax tapers, may be removed from
the place OF manufacture for export 70 q lolelsn
| country without payment OF tax, or atnxing stamps
| thereto, under such rules and egnlatlonsa as the Com.
missioner OF Internal Revenue may prescribe; ana
all provisions ofeXlstlng laws inconsistent here"ilh
are hereby repealed.
src. s. And b. il further enacted, That section
on hundred and fitycight OF the act entitled "hn
act 10 provide internal revenue TO support the gov
S S,Srl nst 70 pay 'nt sppSo Se 'n july RyT .Sir aSo' si SaH 1Sn
hundred and slxty-four, US amended by section nine
OF the internal revenue act. approved July thlrteen'
eighteen hundred and sixty-six, be. and In hereby
amended BY striking out the words "hny dollars
In thc SECOND provlso, and inserting In lieu thereof
the following: double the amout Of tax remaining
unpa!d, nut In no case les than Ave dollars" also,
by sV!E!ag out the words 'siSty.siS" In the third
Nfovisc, and inserting In lieu thereof the words
'seventy-onc; also. by striking out the words sixty.
seyel.' In the last prorlso, ana inserting In lieu there
Of the words "seveniy'two."
SEC. 6. And be IL further enacted, That here shall
be levied AMI collected annually, as hereinafter pro-
viced, for the years eighteen. hundred and seventy
and eighteen hundred seventy-one, and no longer, n
tax OF two and one-lIalf per centum upon the gains
profits. and Income OF every person residing ~ the
United states, and Of every citizen OF tne Unised
whatever. whether within or without the United
States, except as hereinafter provided. and a like tax
annually upon the gains, profits; and ineoms de1iVe g.
the United States by any person relding. Without
the United States. and not a citizen thereof, or
rents Of real estate within the United States owned
by any person residing without the United States.
and not u cltii Ell thereof.
SEC. :. And be IL further enacted: That In esti-
mating the gains, profits. and Income OF any person.
there shall be- Included all income derived from any
kind OF property, rents. interest received or accrued
upon allnotes, bonds. and mortgages, orother forms.
If good and colleclablc. Interest upon notes, bonds,
or other securities Of the United States. ana tne
amount Of all premium on gold and coupons: tne
gains, profits. and income ofany business. procession.
trade. employment, office, or vocation; ineiuotng
any amount received as salary or pay ior serSleesln
tho civil, military. naval, or other sety,ee VI ~ ~
United States, or as senator, representative or uele-
gate In Congress: except that portion thereof from
which, under authority OF acts OF Congress previous
hereto, . tax Of i've per eentum shai naTe oe"n
profits, whether divided or not, ola companies OF
partnerships, but not Including the amount received
from any corporations whose onieers. as authorize
the dividends made. and OF interest or coupons PAID
by such corporations; profits realized. within tns
year from sales Of real estate purchased within two
years previous 10 the year for which income 10 csu'
mated; the amount OF sales OF 1--we stoek, suEaI,
wool, butter, cheese, pork. beef, mutton, or otnsI
meats, hay and grain. fruits. vegetables, Or ohel ply,
auctions. being the growtho or produce oitne estaso
such person. but not INCLUDING any part tneseo, S1.i
prodts, and Income drawn from any source whaSvei,
but not Including the rontAl value OF the homeeteAo
used or occupied by any person. or BY DIS family
SEC. .. And BE- Il further ssaetsd, That military OF
naval nensIons allowed toany person. under ths law
ofthc United States. and the sum OF two tnousanu
dollars OF the SaIns, prodts. and Income OF any PER
son, shall be exempt from said income us1, ln
the manner hereinafter provided. Only one deoue.
ton OF thousand dollars shall be maze IRON
aggregate income OF all the members or any family
composed OF one or both parents and one or hloie
minor children, or OF Husband and vile; but wnena
wife has by law q separate income, beyond tne con.
from him. such deduction shall then Be made from her
income, gains. and profits; and guardians and tut
tees shall be allowed 10 make the deduction In fayoI
Of eneh ward or beneficiary except that In case OF
family. having Joint property Interest, only one de-
durtion Ihall be made In. their favor. For tha pur..
pose Of following said deduction from the income OF
any religious Or social community holding all their
common. each i've Of the pcrsons composlnx such
society. and any remaining fractional number OF
such pe1on. Ices than i've over such groups
on and ns . d ssns 20 ns q T. e01 ,sas.snd s aoIIasi
shall be allowed for each OF said families.
Any taxes on the incomes, gains. and profits Of such
societies. now due and unpaid. shall be assesssd and
deduction hail b only one thousand dollars ior any
year PRO. to eighteen hundred and seventy.
sie, o.. lsd 6sn(vtkr s.eeisd, nat IN add: