The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1863-04-29

IOne per cent. when NOT exceeuing VI ,3UU,
and two per cent. upon an excess over
that amount. Provided, that no taxes shall
be imposed by virtue Of this act on the sal.
airy Of any person receiving q salary not
exceeding 81 900 per annum, or at like
rate for another period OF time. longer or
shorter.
s. Provides that the tax on annual in
comes, between $500 aud $1,000. shall be
| five per cent. /; between ST. 500 and $4,000
! five per cent. on the first 81 500 and ten
per cent. on the excess; between $4,000
and s5 1000. ten per cent. between 5,000
and $4,000, ia per cent; over $4,000
fifteen per cent. subject to the following
deductions on incomes derived from rents
Of real estate. manufacturing and mining
establishments. &C.. sum sufficient for
necessary annual repairs; on incomes iron
any mining or manufacturing business the
rent, (if renled) cost OF labor actually hlr.
ed. and raw material; on ipcomes from
navigating enterprises. the hire Of the yes-
sci or allowance for wear aud tear st the
same. not exceeding ten per cent; on In
comes derived from the sale Of mercian.
di1e or any nthrr property. the priMe cost,
cost OF transportation, salaries OF clerks
and rent oil buildings; on incomes from
any other occupation. the salaries Of clerks.
rent, cost at lahor. material. &C.. aud IN
case Of matual insurance companies. The
amount of lusses pail BY them during the
year. Incomes derived from other sources
are subject to nD Deductions whatever.
Al! loint.stock companies and corpora.
uons shall pay nne-lenlh Of the dividend
aud reserscdiuna annually. II the aanu.l
earnings shall give profit Vt more than
ten. aud less than twenty per cent IN zap.
iial stock. oae.eight 10 be paid il more
than twenty per cent, one sixth. The tar
TO be collected IN the lst Of January nett
aad Of each year thereafter.
3. Relates to estimates and deductions.
investigations. referees. &c.
10. A tar OF ten per cent. on all profits
in 1862. BY the purchase and sale Of -four,
corn. bacon. pork. oats. hay. rice. salt, lros,
Or the manufacturers d iran. sugar. mn.
lasses made of cane. butter. ~sOlen cloths.
shoes. boots. blankets and cation cluths.
Does not apply To regular retail business.
| Ill. Each farmer. after rrservins for hi
own use so bushels sweet anil SO bassels
Irish potatoes, 100 bushels corn or 50
bsshels Of wheat produced this year. snail
pay aud deliver 10 the Confederate Govern
meat one-tenih Of the gram. pstatnr..
forage. sugar. tnollsses. esttsn, wool and
tobacco produced. After reservias TWEEN
" bushels peas o. beans he shall deliver
one tenth thereof.
10. Every farmer. planter or grazier.
one.tenth Of the hogs slaughtered ~ him.
in cured bacon. az the rate Of sKly polad,
Of bacon 10 one handred pounds Of por. /;
one per cent. upon the value Of al neat
cattle. horses. mules. shot used in ealtiva.
ton, and asses. 10 be paid bv the o~ners af
the same; beeses soli 70 be isIrd IS IN.
cone.
10. Gives in detail the du,ie. u po.,.
quartertRasters under the act
Ia. Relates 10 the duties d assessors aud
collectors.
IS. Makes trustees. sssrdisns. &C.. re.
sponsible Tor taxes due from estates. &C.,
under thsir control.
i6. Etempts the incon. and money. of
hospitals. ssyiums, churches. sehoo.. and
colleges from taxation under The act.
IL. Authorizes the Secrr;sry u The
Treassry 70 make all raIes AL regulations
necessary ~ the operslun VI 'he act.
10. Provides that the ct shall De IA
furce flr 80 years from fhe expiration Of
the present y.sr. unless saoner repeated !;
that the tar IN naval stores. -four. wool.
eutton. tobacco and .thsr Igrieal,ursl pro.
duets u the growth Of any rear preceding
1863. imposed IN the fret SECTION. shall be
levied and collected osIy fpr the present
yrsr.
RETALIATION.