Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-06-14

THE TAX LAWS AMRNDRDi
TIE foIloving is the substsr of tho biz amending
the t. laws Of the Confederate sIa es passed by Con-
yesterday and submitted to the President for his
approval;
The Congress of the Confederate States of america
DO enact That the lI 81 and Sd sections of The act
10 lazy additional taxes, etc approved II FEB, 1904
be amended and reenacted so IS 10 read as follows:
l. That in addition to the taxes levied BY the tax act
approve oath April, 1858, there shall be levied from
| 18th Feb, 1854 and collected taxel as follows:
l. Upon the value of ali property, real, personal and
mixed OF evsry kind and description, ros hereinafter
exempted or taxed at different rate, fvs per cent
PROVIDED That from the tax on the value Of property
EN- yloyed In agriculture shall be deducted the value OF
the f in kin delivered thererom, ldurng the same
year. as assessed under the Law imposing Il, and de-
ivered to the Government, whether delivered during
the year. CT afterRards, including bacon del verable
after and not prior 10 the assessment OF the tax on
property empl ed in agriculture aforesaid etc j pro.
vided tiat no credit shall be allowed beyond FIVE per
cent.
H. The value Of property taxed under this section
shall bs assessed the basis Of the market value OF
tie flme similar property in the neghborhood where
assessed In the year 1850, except in where land
syes cotton or tobacco have been purchased since the
LIST day Of January, 1852 in which csse the said land
slaves cotton and tobacco 80 purchased, ehsl be as
sessed at the price actually paid for the by the
owner; PROVIDE hat land purchased by refugees and
hsd ana occupied by them for their own and resi-
dence shall he assessed according 10 ts market value in
| the year 1860
The second section Of the tax sct, approved 18th
Feb 1864 repealed and in lieu thereofit is declared
that all the property and Assets of corporations,
ciaiiVns aud joint sock companies Of every description
whether incorporated not shall be assessed and teIed
in tie same and to the sam, extent the prop
erty Of individuals the tax on such property and assets
70 be assessed against and paid by such corporations
associations and Joint stock companies provided that
Il = kin00 ha IN n
II upon deposits Of money to the credi: of and sub
ect to the checks Of others provided further that the
stock shares interests representing property or
sets in corpDIa ions tint stock companies associR
TONS shall not be assessed or taxed, and provided
further that all property within the enemys lines be-
and the same is hereby exempted from all taxation, 30
| long "a it remains in the enemys lines
s. The lst paragraph ofthe 81 section of the act of
Febury IL is amended and re.enscted 30 as 10
read:
Upon the amount of all gold aud silver CON, gold
dust COLA or silver bullion, money held abroad bis
of exchange draws tberefo and securities payable in
foreign countries Ave per cent to be paid In specie or
Confederate nohs at their value as compared wish specie
q. the time the tar is payaOle-the relative value Of
specs and Confederate Treasury notes for the purpose
Of payuen, und,r this &C: to be fixed by ulaons to
be prescribed by the Oommisssner Of Taxes, der the
direction of the Secretary Of the Trea; Jury.
4 This section exemps from taxation income, pro
perry and money except Confederate Treasury Of
charitable 1n6tltuuO1e,
except income Of latter. It also defines what shall con
sute failure - maxi dus returns Of Income p;ofts
taxed under any law Of Congress-
8 Tois act shall not be construed to subject TO
taxation corn, blcos, aid other agricultural products
which we're produced in the year 1853 aud in the poI
fession OF the producer on the II OF February 1854,
and necessary for the support OF himself sn1 fanny
during the present year. and from which tar IS in
kind TAD been deducted and delivered or pad.
G. This section eves additional tax Of thirty per
cam upon the amount of all profits made by sAp5
articles mentioned 10 paragraphs and two of
ton four Of the said act of February 17h, 81 between
the said date and lst July next The articles of m
chandlse referred sprtuous quor, AJur VIII at,
corn, rice, gar, moasses syrup, sal Bacon pork
hogs beet or beef cattle, sheep, oats, hay fodder raw
hides leather horses, mules, booIs hoes cotton yatn
WOOL woole-, cotton or mixed cloths hats, Wvgoas,
harness, coal, iroB, steel aud nails.
T. All Treasury notes of the old issue Of the denomi
nation Of FIVE dollars not exchanged for issue prior
to the lst day of Jauuay, 1865, and which may re-
main outstanding on that day ara to DO taxed one hun.
dred per cent.
This sec ion regulates the collection Of the Ad va
loren tax on income derived from property, and pre-
.crbes the deduction to be made in the snt
income derived from manufacturing or mi ing.
O. This section provides that all ciiiz>ns of any
of the Confidence ates temporarily residing ia az
other State, shall be lab to be assessed and taxed in
the State or distr:c. in wti,h he may temporarily
de- aud it shall bs tie duty of all such who have not
hereto ore ma 10 return Of their taxable property the
Dssre. Assessor where they may temporarily reside,
within tn ry days of the passage Of this act to make
such return aud any liable be assessed and taxed
az aforesaid who shall fall refuse within the said pc
Rod of thirty days to make such return shall be liable
to all the pains and penalties imposed by the laws OF the
Confederate States ia such case. .-a .a
GThe clauses between brackes iudiclte the amend
ments to those sectors in which they cccur
m n n N IN ID n ~ IT n