The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1861-02-12
THE REVENUE BILL.

Z
use of the State of North Carolina during the
next two fiscal years.
The joint select committee finance have instruct
ed me to report the accompanying bill 10 amend act
passed at the last session entitled "Revenue" and to
commend its passage. The committee of opinion
that the ordinary demands upon the Treasury for the
next two years will require any increase of the
gregate amount of raised by the bill of
1889, and therefore such changes, in the main,
they PROPOSE are more Tor the purpose OF adjusting
irregularities and lessenng taking eff burdens, than
with any view increase the revenue though is be-
heved that there will be increase The of twcn
ty cents on the 500 value of land they recommend
shall be reduced to fifteen cents, because it believed,
from such information they have been able get
that the aggregate value of the taxable lands of the
State was increased nearly if not quite fifty per cent.
by the last assessment, that a thousand dollars
worth of land, which twenty paid 81 would,
upon the suppostion that it is valued 81 500,
pay 81 %, at fifteen cents. 1t is only necessary that
the value should have been increased 333 per in
order to raise the same at is cents has been
produced by 20 cents the 500 Of value. But it is
thought that larger number of will pay in
consequence of the more accurate manner in which
their duties have been performed by the
the several counties. And the committee have
doubt that much money will be paid into the Urea
sury from this under reduction of five cents
paid in either of the last two years.
The committee also recommend that the minimum
upon which tax shall be levied under the clause
taxing professions, salaries &c. shall be 81 600 in
order to exempt mechanics, clerks and large class
OF laborers, altogether from its operation While this
will not affect the of the State any consider
able amount, it will relieve great many persons from
tax which, in many cases, inConsiderable
burden.
1t will also be observed that some strong measures
proposed for the protection of banks against
kers, and in respect the policy of such measures
may be but just to say, that all of the members of the
committee do not concur 1t is proposed tax nom
resident merchants, drummers &C, who here to
sell goods mostly 10 be delivered either by sample
merely upon their representation because they come
in competition with residents who taxed and de-
prive them of their trade and the State of its
is 10 ho
parts of the State and especially by merchants
of Petersburg and Norfolk Va The Dill proposes to
tax all liquors which brought into the State or
bought of the maker his agent here, well when in
tended for private use sell again No good
son is why who buys his wines and liquors
from a North-Caroli dealer should have to pay the
tax Indirectly, while he who buys then from a New
York dealer and imports them should pay nothing if
the object be revenue and if it be prohibition woud
be better say
There good many other changes which will be
seen from the BILL the for which will doubt
readily suggest themselves, of which only will be
mentioned and that is designed facilitate the coLec
ton of the tax upon collateral estates by requiring
ecutors and administrators forth in their i'll
ventores the of the persons entitled estate
real and personal and whether they strangers or
lineaI or collateral knsmen of the
If the tax be proper one, it should be collected in
every instance; but either from ignorance of the law
or negligence but mostly from the former perhaps
large is due the State; and your committee have
thought that by requiring this additional duty of the
executors and administrators, who have pay
law while ut the tme it would afford the officers
of the State the ready of tracing delnquents
Respectfully submitted,
SAMUEL J. PERSON, Chairman.
AN 4 ct TO amend "on Act entitled rcUenue ratified 6
dag Of II 6TuaJy, 1853.
Sec. Be it enacted by the General Assembly of the
State of North Carolina and it is hereby enacted by the
authority of the same, That"an entitled Revenue"
which ratified the 10th day of February 1859 |
be amended in the following particulars, to-wit: In
addition to the exemption specified in section %, there
shall also be exempted from taxation all such property
and estate and their profits, may belong 20 State
and County Agricultural Societies, and be set apart
and used by them for agricultural fairs and all such
and their profits may belong any church relig-
ious society, and be set apart and used by them for
ParsOnages.
SCHEDULE A.
SEC. 2. The amendments under schedule A, shall be
fellows, to-wt
Real property with the improvements thereon includ
ing entries of land shall be taxed annually fifteen cents
every hundred dollars pitts value
Every toll bridge shall be taxed two and a half per
cent, and every ferry one per cent. the gross
cets during the year whether the be chartered
or licensed by the not
The provisions of paragraph shall be construed to
extend to interest received accrued upon the sub
jects therein named whether held in ones own right
or as guardian, executor administrator clerk clerk
and master of any court, agent of any kind what
Hereafter, $1,000 shall be the minimum sum upon
which tax shall be imposed upon surgeon dentists
physicians and the other classes of persons mentioned
in paragraph l6.
So much of paragraph II limits the upon
sprtuOus liquors, wines and cOrdias such only as
is intended to sell again, is htreby repealed. And
this paragraph amended is hereby transferred to
schedule b. and the tax imposed by it shall hereafter
be given in and paid under the rules regulations
and penalties as are hereby prescribed in of
chants tax.
To facilitate the collection of tax imposed by |
paragraph Is collateral estates, it shall hereafter
be the duty of every and administrator to set
forth in his inventory, the of the persons en-
titled to the estate both real and personal and they
related to the esator intcState, under penalty
hundred dollars, be recovered in the name
aud for the of the State
SCHEDULE B.
Sec B. The amendments under schedule shall be
follows, to wit.
Every money exchange, bond or note broker |
private banker agent of foreign broker or banker
shall pay the sum of thousand dollars for each
county in which he has office place of business
and every person acting for such broker whether with
or without compensation, shall be held and deemed a
county in which he shall act, and shall be liable
for the above
Every person who is not resident of this State, (
and who shall into this State il the capacity of
agent for broker and with the intention of
ercislng of the functions of money exchange
broker, shall pay the of five hundred dollars
each and every county in which he shall a a
broker, which tax shall be collected by the sheriff
of the county, and be accounted for other
Every cashier, agent secretary of any insurance
office savings institution who shall deal in exchange
be deemed and held such. and be liable to same
tax as is imposed on brokers residing in the State
Every person who shall propose act as broker ac-
cording the foregoing section shall paw the tax to