The Abingdon Virginian. [volume] (Abingdon [Va.]) 1849-1883, 1863-05-01
From the Richmond Wing.
The New Tax Bill.

lay taxes IOr the common Oeience ana carry
on the Government of the Confederate States,
which has passed both branches. Of Con-
gres. It is substantially the bill proposed by
the Committee of Conference:
l. The first section imposes tax of eight
per cent. upon the value of all naval stores,
salt, wines and spurious liquors, tobacco,
manufactured or nnmanufactured, cotton,
wool, -four, sugar, molasses. syrup, rice and
other agricultural products, held or owned on
the first day of July next, and not necessary
for family consumption for the unexpired por-
ton of the year 1868. and of the growth Of
production of any year preceding the year
1868; and q tax OF one per cent. upon all
moneys, bank notes or other currency on
hand or on deposit on the lst of July next,
and on the value Of all credits on which the
interest has not been paid, and not employed
in business, the income derived from which
is taxed under the provisions of this act; Pro-
vided, that all moneys owned, held or deposit
ed beyond the limits Of the Confederate States,
shall be- valued vt the current rate Of ex-
change in Confederate Treasury notes. The
tax to be assessed on the lss day of July and
collected on the 1st day of October next, or
as soon thereafter as May be practicable.
2. Every person engaged, or intending 10
engage, in any business named in the 9Th Sec
ton, shall, within GO days after the pas
sage Of the act, or 1t the time of beginning
business, and on the LIST of January in each
year thereafter, register with the district col
lector true account Of the name and resi-
dense of each person, firm or corporation en-
gagged or interested in. the business, with a
statement Of the time for which. and the place
and manner in which the same n to be con-
Quoted. &c. At the time of the registry there
shall be paid the spacifc tax for the year end
ing on the next 3lst of December, and such
other tax as may be due. upon sales or re-
ceipts in such business.
3. Any person failing to make such regis
try and. pay such tax, shall, in addition to all
other taxes upon his business imposed by the
act, pay double the amount of the specific
ry thirty days Of such failure.
f. Requires separate registry and tax for
each business mentioned in the 5th section,
and for each place Of conducting the same;
but no tax for mere storage Of goods at place
other than the registered place of business.
A new registry required upon every change
in the place Of conducting registered busi-
ness, upon the death Of any person conduct
ing the same, or upon the transfer of the
business to another, but no additional tax.
5. Imposes the following taxes for the year
ending the 3lst Of December, 1868, and for
each year thereafter:
Bankers shall paw $500.
Auctioneers, Retail Dealers, Tobacconists,
Pedlars, Cattle Brokers, Apothecaries, Photo
grapbers and Confectioners, $50 and two and
a half per centum on the gross amount Of
sales made.
Wholesale dealers in l;nrors 5000. and Eve
per centum on gross amount of sales. Retail
dealers in liquors. 500, and ten per centum
on gross amount Of sales.
Wholesale dealers in groceries. goods, wares.