The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-12-20
THE NEW TAX BILL.

An DICT to lag additional tares for the de-
fence and support Of the Government.
Sec. L. The Congress of the Confederate States
of Auerica do enact, That in addition to the taxes
levied by the act to lay taxes for the common de-
fence and to carry the Government of the Con
federate States approved Oath OF April, 1868
there shall be levied, from the passage of this act
the subjects of taxation hereafter mentioned and
collected from every person. partnership, asso-
citation corporation liable thereto, taxes fol-
lows, to- wit:
1. Upon the value of property, real, personal and
mixed, of every kind and descriptions not lereinaf
ter exempted taxed at different rate. five per
cent: Provided, that from this tax the value OF
property employed in agriculture, shall be deduct
ed the value of the tax in kind delivered thererom
assessed under the law imposing it. and delivered
to the Government: Provided. that no credit shall
be allowed beyond five per cent.
II. On the value of gold and silver wares and
plate. jewels. jewelry and watches, ten per cent.
Ill. The value of property taxed under this sec
ton shall be assessed on the basis of the market
value of the similar property in the neigh
borhood where assessed in the year 1860 except in
cases wher5 land, slaves cotton tobacco have
been purchased since the 1st day Of January, 1862,
in which the said land, slaves, cotton and to-
bacco purchased, shall be assessed at the price
actually paid for tile by the owner.
Sec 2. On the value of all shares or interests held
in any bank, banking company association, canal,
navigation, importing exporting, insurance, manu-
featuring telegraph express, railroad and dry dock
every kind, whether Incorporated not, five per
cant
The value of property taxed under this section
shall be assessed upon the basis of the market value
of such propertyn the neighborhood where assessed
in such currency may be in general there. in
the purchase and sale Of such property, at the time
of assessment.
Sec 3. l. Upon the amount of all gold and silver
coin, gold dust, gold or silver bullion, whether held
by the banks or other corporations or individuals
" a nnIu all mo- hal H.hr
upon the amount of all bills of exchange, drawn
therefor on foreign countries tax Of five per cent?
such tax upon money abroad to be assessed and col
lectcd according to the value thereof at the place
where the tax is paid.
H. Upon the amount of all solvent credits. and
of all bank bills and all other papers issued as cur
rency, exclusive of non interest bearing Confederate
treasury notes. and not employed in registered
business the income derived from which is taxed
five per cent.
Sec f. Upon profits made in trade and business
as follows:
l. On all profits made by buying and selling spir-
tuous liquors. -four, wheat, corn. rice, sugar mo-
lasses syrup, SALT bacon, pork. hogs, beef or
beef CATTLE sheep. oats,-hay. fodder, raw hides
leather, horses mules boots, Shoes, cotton yarns
WOOL wooden, cotton mixed cloths. hats. wagons
harness. coal, IRON steel nails at any time be-
tween the 1st of January, 1868 and the LIST January
1863 ten per cent, IN addition to the tax on such
profits as income under the 'act to lay taxes for the
the Confederate States approved April 24th 1868
IL. On all profits made by buying and selling
money gold, silver, foreign exchange stocks notes
debts credits, obligations of any kind, and any
merchandise, property or effects of any kind. not
enumerated in the preceding paragraph, between
the times named therein. ten per cent, in addition
to the tax such profits income, under the act
aforesaid.
III. On the amount of profits exceeding twenty
five per cent, made during either of the years 1863
and 1864. by any bank or banking company insu-
rance, canal, navi CATION. importing and exporting,
tele graph, express. railroad. manufacturing, dry
dock. other joint stock company of any descrip-
ton, whether incorporate or net, twenty five per
cent on such excess.
Sec 5. The following exemptions from taxation
under this act shall be allowed. to- wit:
I. Property of each head of family to the value
of FIVE hundred dollars; and for each .nnor child of
the family to the further value Of one hundred dol
ars and for each son actually engaged in the army
Or navy, who has died bee. killed in the mill
tarv or naval service. and who was member of the
fa mily when he entered the services ito the further
valne uf fvs hundred dollars.
III. Property of the widow of any officer soldier
sailor marine. who may have died been killed
n the military or naval service. where there is
no widow. then of the family, being minor children
to the value of one thousand dollars.
III. Property of every officer, soldier sailor or
marine, actually engaged in the military or naval
service. of such as have been disabled in such SER
vice the value of thousand dollars; provided
hat the above exemptions shall not apply to any
'erson. whose property. exclusive of household fur
liturc, shall be assessed at value exceeding one
thousand dollars.
w. That where property has been injured or de-
troyed by the enemy, or the owner thereof has
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