Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1863-04-03

two and half per cent for freight; bridgeand ferry
owners shall pay five per cent on the amount Of
gross receipts
Sec. 0. Banks, trust companies and savings insti
tutions, gas companies, telegraph, express, canal
and manufacturing companies; &c, &c, shall pay
on all profits yearly tax Of twenty yeight per cent
beginning lst Of January, 1868.
Sec. 10 On and after the 1st of April 1868, there
shall be paid by all insurance companies five per
cent OF the gross receipts for premiums during the
preceding quarter.
SEC. IL. Any company corporation failing to
make the return to the collector or pay the tax,
Shall forfeit as penalty one third, in addition to
the tax levied
SEC. u. On the Ist April, 1864, and on the first
day OF each succeeding quarter all insurance compa
nes shall render account to the collector of their
business done in the preceding quarter.
SEC. Is. A tax shall be levied Of ten per cent Of
the profit on every sale amounting to more than
one hundred dollars of real or personal property
bought and sold by any person or persons during
the year 1862, and that part of the year 1863 pre-
cedng the lst of April 1868; this not to apply to
purchases made in the course Of business conduct
ed under license from State or taxed by State.
SEC. IA. On the amount Of every sale amounting
to more than one hundred dollars, IEade after 1st
April 1853, there shall be levied tax of two and
half per cent un less the sale is made to the Confed
crate States or TO person or company, whose buSi
ness is taxed under this act
Sec 10. After LIST January, 1868, there shall be
paid tax of fourteen per cent on all incomes or
profits from all sources whatever other than from
property on which tax SlSll have been assessed
and paid under other provisions of tins act When
such income or profits shall exceed ten thousand
dollars, there shall be levied an additional ten per
cent. upon such excess.
SEC. lG. Persons or companies issuing notes of
less denomination than twenty dollars shall pay
tax OF twenty per cent. upon the amount issued
Do Il
or corporations issuing notes in pursuance to State
law are not liable to this tax
SEC II. All foreigners between eighteen and
forty-hve years of age, and not in the military or
naval service, exercising any Of the callings or
avocations hereinbefOre taxed, shall pay an ad-
dItIoaal tax equal to that heren5cfore established
Sec Is. On and after the lst of May, 1868, there
Shall be paid by any person, persons, firm or CON-
pany publishing newspaper, magazine, review
other literary, scientific, news publication issued
periodically on the gross receipts for all advertise
ments, all matters for the insertion Of which in
said newspaper or other publication, in extras,
supplement sheets or fly leaves accompanying the
same, pay is required received a tax of two and
one third per cent; and the owners of such papers,
&C., shall make a quarterly return, accompanied by
an oath to its correctness, containing the gross
amount Of receipts and the amount of taxes that
have accrued thereon and render the TO the col
lecOrs Of their respective DISTRICTS and at the
tthe shaI pay 10 the collectors the amount Oh SAID
taxes.
SEC. 49, The following property shall be exempt
from taxation agricultural products purchased and
necessary for family consumption; assessed property
OF person not in the military naval service,
amounting in value to less than one thousand dol
lars property of less value than two thousand dol
lars, belonging to persons in the military and naval
service; the property of schools colleges charitable
or religious corporations or associations used for
the purposes for which such schools, &c. were
created; public lands, State municipal property
bonds Of the Confederate States and of the several
States thereof property from the possession, or
| enjoyment whereof the owners haveEbeen deprived
by the public enemy during the twelve months
next before the assessment; all fire engines books,
portraits, pictures and wearing apparel, except
watches and jewelry; agricultural productions of
the last preceding CROP produced on land which has
paid tax under the first section of this act in the
hands Of the producer other than such agricultural
products as specially taxed by this act farming
| implements actually used for farming purposes,
except road wagons and all tools used by mechanics
! in their respective trades.