The North-Carolinian., 1851-02-08
THE LATE REVENUE ACT
Passed at the last session Of the General
.3ssenbky of North Carolina.

Passed at the last session Of the Genera
.lssenabty Of North Carolina.
/. Be 1t enacted By The Genera! Assem-
blyof The State of North Carolina. and ii IS
her eoy enacted dy the authority ofthe same.
That hereafter there shall be levied annu
ally the. sum of three cents upon every
dollar of interest secured or actually owing
from or by any solvent debtor or debtors,
| whether from individuals. companies, cor
porstlons. or in any other way; upon all
sums of money at interest. whether in this
State or out of it. at any time during the
year next preceding the time when the
owner or owners thereof shall give in his.
her or their tax list: Provided. that guard
ians shall give In the money of each of their
wards as distinct and separate fund, and
not as fund held in common.
! Ii, Be it further enacted. That hereaf
ter there shall be levied annually the sum of
twenty cents upon every hundred dollars
empIoye,! in buying and selling slaves. and
that there shall be levied annually the
sum OF ten cents upon every hundred dol
lars vested in every other species of trade;
& the sum of three cents upon every dollar
of dividend OF profits actually due or re-
ceived upon sums of money vested in
steam vessels excepting the profits of such
verse!s as are under the burden of twenty
tons. or vested in stock of anv kind, or in
| shares of any incorporated or trading COM
pany whether in this State out Of it, at
any time during the year Immediately y pre-
ceding the time when the owner or owners
thereof shall give in his, her or their tax
list; Provided, That this act shall only
authorize the taxing of such profits as the
Banks of th:s State shall make from
trading in stocks and bonds as distinguish
ed from s'bils teceivabe,' and provided
further, that every person shall have thirty
dollars Of interest, dividend or profit, aud
an amount equal to the sum of interest,
which he, she or they owe or pay or secure
to be paid on his, her or their own debt or
debts. which shall not be subject to the
tax imposed by this act, and provided fur
ther. that this act shall not extend to the
interest or dividends accrung to any lit
erary institution, or to funds appropriated
for public Or private charities, devoted to
the purposes of education, to the main
taina nee of the poor or afflicted.
Ill. BE 1t further enaeted, That so
much of the capital stock in trade of any
merchant or jeweler, wholesale or commits
sion merchant, as is now taxed: by the 4th
section Of the lO2 chapter of the Revised
Statutes. shall be exempt from the provs-
ions of this act. Provided, That the inter-
est on all bonds, or notes which any such
merchant. jeweler, wholesale or commits
sion merchant may own over and above the
amount OF the interest upon his own indeat-
ehness and thirty dollars, shall not be con-
sidered as a part O + his capital stock in
trade, but shall be subject to the tax i'm
posed by the first section Of this act.
". Be it further enacted, That here
after. there shall be imposed and levied
annually the following taxes, to wit: On
all Surgeon Dentists. al. practcing Ply
slcians. all practicing Lawyers, and on all
other persons Except Ministers of the Cos
pei of every denomination. Governor Of
the State and Judges ofthe Supreme and
Superior Courts) whose practice. Salaries
or fees, or all together, shall yield an an
nual income of five hundred dollars, the
sum of three dollars for the first five hun
dred, and two dollars for every additional
five hundred dollars.
V. Be it further enacted, That there
shall be imposed and levied annually an all
valorem tax of one per centum on all gold
and silver plate. and ornamental jewelry.
In use by the owner or owners thereof. of
the value of $50 or upwards; on all sui
"'S", S'sos o"SS'Sos ~"i''"SNS,
and all other pleasure vehicles whatsoever.
n use by the owner owners thereof, of
the value of IS dollars and under 100 dol
lars. fifty cents; on all of the value of 100
dollars and under 200 dollars, one dollar;
on all Of the value of 200 dollars and under
500 dollars, two dollars; on all of the
value of 500 and under 400 dollars, three
dollars; and on all Of the value of 400 dol
ars and upwards. four dollars: on all gold
watches, one dollar; on all silver watches,
25 cents, in use, Except such of each as
are kept in shops and stores for sale); on
all harps in use by the owner or owners
thereof, two dollars; on all piano fortes in
use by the owner or owners thereof, one
dollar; on all pistols Except such as shall
be used exclusively for mastering, and also
those kept in shops and stores for sale. one
dollar each; on all bowie knives, one dol
lar each; and dirks and sword-canes, SO
cents, Except such as shall he kept in
shops and stores for sale); provided how
ever, that only such pistols, bowie knives.
dirks, and sword canes as are used. worn,
or carried about the person OF the owner,
shall be subject to the above named taxes;
on all retailers Of wines, cordials. or spir-
ituous liquors. ten dollars; on all billiard
tables. one hundred dollars; on all bowl
ing allies, whether called ''nine PIN or
"ten pin % allies, or by any other name,
twenty five dollars; on every pack ofpiay-
;rr cards OK ..nts. and every merchant