Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1864-06-09
HOUSE TAX BILL,
TIE following is a copy of the Tax bill passed by IL
House of Representatives on Thursday last

HOUSE TAX BILL.
TIE following is copy of the Tax bill passed by the
House of Representatives on Thursday last
The Congress of Oonfsderat States of AMERICA do
enact That the first second and third sections of the
port Of the Government approved 18th February 1854 Be
amended and enacted 80 as to read as follows:
act to lay taxes for and to carry on
the Government of the Confederate States approved pr
24th 1888 there shall be levied from the 1h day Of Feb
1uay 1854 the of taxation hereinafter mention
ed ard collected from every perso9 eopytnership
wit:
First-Upon the value of all property real nersopal
and mixed of kind and description
exempted taxed at different FIVE per cent Pro
ed agriculture shall be deducted the value of the tag in
kind derived heretrom ing the year. as
under tbs lew depressing it and delivered to the Govern
ment Whether deliverable during the
including the bacon delivered and prior to the as
the Of the tax Oh o sc prop
ey shall be suspended after under the order
ttheB to be deducted be asceaioed and when 90
certaned shall be the duly Of the Pest Quarermas:er
of such hes. And any balance may be paid
IN bonds aBd cerncats authorized by the act to reduce
in ike manner as taxes payable during the year
secondOn the value of god and silver and plate
of all shares Of held in any bank banking com
pany association, canal, nsv cation, importing
read DRY comp nies, all other joint stock
panies every Aiud whether Incorporated not per
y
company in each And when the shares interest
in such company taxed other tax shall be in
represented by the OF such shares interest
directed in the second shcion OF this act except the
imposed by the first paragraph OF the hid section of tb
Section H. The value CT property hares and int,
taxed the preceding ion shall assessed on the
basis The market of the as similar prouertV
in the 1eigborhood hen assessed in The wear 1se6
cept that where lnGs, s&V shares interests have
purchased the lst day Jaruary 1862 other
than lard By refugees and held and occupied by
thaV hoe
ed at the price actually paid for them by the owner or
e 1aue m n o snc then at the mar
este created srce the 1860 shall be their
acua present holder Provided that no shares
assessed at eas than par.
Section III Upon the of all gold and silver CON-
gold dust gold and silver buoa uneas purchased eince
the first day of January. 1852 and then upon the
the prefent holder per cent except where the
already included in the shares or interests
imposed by the frat section Of this sct
ten cent less the amount OF tax imposed and upon
the value OF all moneys held abroad bills OF exchange
drawn therefor, and promssory notes, rights credits
payable in foreign countries, five per cent, according
the value tEone2 at the place where the thereon
payable at the me C assessment, except where the
ncuded IN the tax On shares interests imposed bV the
first section Of this act and then five per cent less the
amount of tax imposed in Confederate Treasury
noes or four per cent bonds certificates authorized by
the act of February 49, 1864 reduce currency
authorize new issue of notes and bonds.
SecondUpCn the of all solvent credits, and of
All BANK bills end all other paper issued as currency,
federae bonds and not employed in registered business
the income derived from which is per upon
PROVIDED
from toniederae bonds bearing Confederate
Treasury ao'es sh il be taxed as other iucomts
Section w. That aoh fourth of section five of the
same act be amended by aiding thereto as follows:
- Ia case OF dss g'eement between the and the
officer to the reduction Of under this cOn the
question sa be settled referees provided ia the
Of disagreement under tee 8h section Ct
amend an act entitled to levy for the
Defence and to carry the Government OF the COME de-
rate States. approved February II, 1864"
section " lhat paragraph sixth section four, of the
at 30 end sn act entitled lay for the
yGrr6t tate FL rua no +bo
came is hereby, amended S g include wholesale
Dealers coal and ether Miners and salt
mar uiaGtnrera VINO make II business to sell their
products to other dealers to sell that
10th OF the be, and The hereby,
s. 10 read a follows
First! he income, property ard money, other than Con-
federae Treasury Of hospitals iumRs churches
sch0 is colleges and other charitable institutions shall
be exempt from taxation under the provisions OF this
any other law. lie property of companies provided
der the act entitled IAN to establish volunteer navy
shall be exempt from taxation, except the
Second That paragraph sixth, section seven, of The
same act be- aud The ssme hereby amended by adding
thereto as follows:
Ill ally person shall fail make due return as REQUIRED
by said section, OF The profits taxed under
of Congress- il of disagreement with the
10 submit the came to Referees provided by law
shall fail or refuse to the lax thereon within time
shall be prescribed by public notice by the district col
lector under the direction the commissioner taxes
such person shall be deemed and held 10 be in default
Section vi That this act shall not be construed
subject to taxation CON bacon and agrculu al products
sion CT the producer the 7h dag CT February, 1851
and necessary or the support OF himself end family
the present and from which in kind
been deducted and delivered paid.
section VII That section fourth paragraphs one and
two, OF the act approved February H. 1854 entitled
act TO lay additional taxes for the defence and
support CT the Government be amended an to levy
additional tax OF fifty cent. upon the amount Of all
profits made by selling the articles mentioned in The said
Paragraphs between the 18th dav of February 1864 and
the 1st day OF July next which additional col
lected uuQer said act.