Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-01-03
Amended ConFederase Tax BiII.

An Act supplementary 20 an act to authorize the issue Of
Treasury Notes aud 10 provide War Tax for their
~redempten.
SEC. /. The Congress Of the Confederate
States Of America do enact, That the Secretary
of the Treasury is hereby authorized to pay over
10 the several banks, which have made advances
10 the government, in anticipation of the issue
.of treasury notes, a sufficient amount, not ex-
oeeding ten millions Of dollars, for the principal
and interest due upon the said advance, accord
ING 60 tie engagements made with them.
SIC. 9. The time fixed by the said act, for
making assignments, is hereby extended 10 the
first day Of January next; and the time for the
completion and delivery Of the lists is extended
10 the FIRST dey Of March next; and the time for
the report Of the said lists TO the chief collector
is extended to the first day Of March next; and
in cases where the time thus fixed shall be found
insufficient, the Secretary of the Treasury shall
have power to make further extension, IS CIR
cumst8nces may require.
SEC. 3. The cash on hand, or on deposit in
the bank, OF elsewhere, mentioned in the fourth
seetSa Of said act, is hereby declared to be sub
iect to assessment and taxation aud the money
AZ interest, or invested by individuals in the puT-
chase of bills, notes, and other securities for
money, shall be deemed TO include securities for
money belonging 20 nen-gesidents, and such Sc
enrides shall Re returned, and the tax thereon
paid by any egeut or trustee having the same
IN possession 81 under his control The term
merchandise shall be construed to include mer-
chandise belonging to any nonresident, and the
property shall be returned, and the tax paid by
any person having the same IN possession as
agenf, attorney, OF ~consignee. Provided, that
the words " money at interest" as used in the
act 70 which this act is an amendment, shall be
so c~Onstredas % include all notes, or other evil
dences Of debt, bearing interest, without refer
ence to the consideration Of the same. The eX-
ception allowed by the twentieth section for az
aicultural prodEets shall be construed TO embrace
such products Ouly wben in the hands of the
producers, OF held for his account But no tax
shall be assessed or levied on any money at in
terest when the notes, bOnc, bill OF other security
taken for It's payment stall be worthless from the
insolvency and total inability 70 pay of the payer
or obhgeT, OF person liable to make such pay
nnent: and ell securities for money taxable under
this set shall be assessed according to theSr valne
and the assessor shall have the same power TO
ascertain the value of such securities as the law
oonfers upon him with respect to other property
SCI. 4. That an amount of money, not exceed
;n- twenty-five thousand dollars, shall be and
the ssme is heIeby appropriated, out Of any mo
uev in the treasury not otherwise appropriated
"a he disbursed under the authority Of the Score
tsry of the Treasury, 10 the Chief State tax col
lectors, fer such expenses as shaA DC aCtuahy III
Cured for salaries OF clerks, Office hire, station
CIV and incidental charges; bat the books anC
nripfipg required shall be at the expense Of th'
5sDaTtmeuf. and subject 10 its approval
sc. 5. The hen for the tax shall attach from
~ 49, of the assessment, and shah follow thi
- - sr.-y State Of this ConfedeTaey anC
n csse any peffoG shall attempt to remove any
.oaer+T zb5Fcb nssy be liable to tax, beyond tn
-; ct;on Of de Stats, in which the tax Is pay
90. without payment Of the tax the collector @
lie district may distrain upon and sell the same