The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-09-27
PUBLIC ACTS
Pusscd at tic first Session Of The 2d CoagJess
the Confederate States.
AN ACT TO AMEND THE TAN LAWS.

the "Act to levy additional taxes for the common de-
fence aud support Of the Government approyed I'm
February, 1864, be amended and re-enacted 40 as,
read AS follows, to-wit;
| Section l. That, in addition TO the taxes levicdb
I the .Act to lay for the common defence ana y
carry on the Government OF the Confederate Stptes
approved April twenty fourth, eighteen hundred a.,
sixty three, there shall be lovd from the 18th dnv W
February 1854 on the subjects of taxation berci,o'
mentioned and collected from every person coma,
nershp, association or corporation liable there,or
! taxes af follows, to-wit: vi
! l. Upon the value of all property real, Personal
and mixed, of every kind and description moi hcr,i
after exempted taxed at n different rate nor Con-,
Provided, that from the on the va.ue Of pror,,,
employed in agriculture shall be deducted the rale Of
the in Kind derived thcrcfrom during tho So.
year, assessed under the law imposing IT, and Jo
livered to the Government, whether delivered duri,
the year or afterwards including the bacon deliver,
BILE after, and not prioC to- the assessment of the IA.
property employed in agriculture as aforesaid pDJ
the collection of the tax such property shall be sus
pended after nent, Under the order of tie SEC
rotary of the Treasury, until the value of the 1.-THE n
be deducted can be Oscertaincd, and when so asccr
tanned it shall be the duty OF the post quartcrn,as,
to certify and of the district collector 10 deduct tho
value of such tithe and any balance found due NAV
be paid in bonds and certificates therefor authorized
by the "Act to reduce the currency and TO authorize
new issue of notes and bonds in like manner AZ
other taxes payable during the year. Provided, That
no credit shall be allowed beyond five per cent.
H. On the value Of gold and silver ware and plate
jewels, jewelry and watches, ten per cent
III. The value property taxed under this section
| Of
the same, or similar property in the neighborhood
where assessed in the year 1850, except in cases
where lands, slaves, cotton aPd tobacco have been
! purchased since the first day Of January. 1862, In
which the said land, slaves, cotton aud tobacco
so purchased shall be assessed at the price actually
paid for the same by the owner: Provided, That land
purchased hy refugees and held ard occupied by them
for their and residence shall bc assessed
cordng to its market value in the year 1900
! Sec 2. That section second Of act entitled "An
to levy additional taxes for the common defence
and support Of the government" approved l1th Feb.
ruary 1904 be, and the is hereby repealed aud
it is hereby declared, that all the property ani assets
of corporations, associations aud joint stock compa
MICS ofcvery description whether incorporated orno
shall be assessed and taxed in The same manner and
TO the same extent the property and assets Of nd.
vdunlS; the such property aud assets TO be
sesscd against and paid by such corporations,
Citations and joint stock companies: Provided, That
no bank banking company shall be liable TO pay
tax upon dcposes ofmouey to the credit OF, and sub
ect the checks Of others: Provided further, That
the stock shares interests representing ProPoyor
in corporations joint stock companies, or as
soeutions, shall be assessed on taxed: And prov
Ged further That all property within the cncmys
lines be, and the same is hereby, exempted from all
taxation long it remains in the cncmys lines.
Sec. 3. That paragraph Of section three Of
act entitled "An act to levy additional taxes for the
common defence and support OF the government ar-
proved 18th February, sGA be, and the same s here
by amended and enacted so a. 10 read rs follows
Upon The o all gold and silver coin gold dust
gold silver bullion, moneys held abrond or bills OF
exchange, drawn therefor, rronissory notes, rights
credits aud securities payable in foreign countrir
Eve per he paid IN specie or Confederate r1a-
sury their value, compared with specie at
the time the tax payable; the relative value OF spc
Gle and Confederate treasury notes for The purpose of
payment under this act to he fixed by regulations 20
be prescribed by the Commissioner Of Taxes, under
the direction Of the Secretary Of the TreaHury
Sec. 4. That section sixteen Of the "Act to amend
an act entitled IAN act to lay for the common de-
fence and carry the Government Of The Confederate
States" approved 18th February, 1864, he, aud tho
sumo is hereby, amended, so rs to read aS follows
|. The income, property and money, other than
Confederate treasury notes, Of hospitals "s!lums,
churches, schools colleges and other charitable inst.
lions, shall he exempted from taxation under the pro-
visions ofths act, or any other law. The properly OF
companies formed under the act entitled "An act TO
establish volunteer navy shall be exempt iTt tax
alton. except on the income.
H. That para graph see. ofhe same act be aud the
is hereby amended by adding thereto ~ follows
"If any person shall fail 10 make due return as re-
qurCd by said section Of the income profits taxed
under any law OF Congress, in case OF disagreement
with the assessor to submit the referees, rs
provided by law, shall fail refuse pay hc tax
thereon within such.tmc shall be prescribed by
public notice, by the district collector, under the d.
Fiction Of the Commissioner Of Taxes, such person
shall be deemed aud held 20 be in default Provided
such person shall not be deemed aud held 10 be- in de-
fault, WHO may fail, has failed 10 make payment, or
due returns in consequence Of the presence or inter
ference Of the enemy, the absence neglect Of tho
officers charged with the assessment and collection OF
taxes"
See. g. That this act shall not he construed ne TO
subject taxation corn bacon and other agricultural
products, which produced IN the year 1903, and
in the possession Of The producer the 18th Of Feb
1864, and necessary for the support Of himself and
family during Lie present year, and from or on which
taxes in kind have been deducted and delivered OF PAID
Sec G. That section ., paragraphs and 2, ofthc act
approved l7lh February 1864, entitled IAN act 10 levy
additional taxes for the defence and support
of the Government, be amended to levy add.
tonal tax of thirty per cent. upon the amount Of h
profits made by selling the nrces mentioned IN tho
said paragraphs, between the l7ih day Of February,
1864 and the day of July next, which additional
tax shall be collected under said act.
Sec I. That all treasury notes OF the old issue,
of the denomination Of five dollars not exchanged oI
new issue prior the LIST day Of January lsC5, ana
which may remain outstanding on that day, las %
one hundred per cent. is hereby imposed
Sec 3. That section seven Of an act entitled IAN Nft
to levy additional taxes for the common defence ana
support Of the Government" approved l7ih February!
1861 be- and the is hereby, repealed aud the I"'
lowing inserted in Iica thereof
l. That The first scctiun Of the "Aci 10 lay taxes ur
the common defence and 70 carry on the GOgcrHmcnt
Of the Confederate States approved 24th April 1905
is suspended for the year 1861.
II. In ali cases where tax is lcyid on income de-
rived from property, real personal and mixed Of every
description, the amount value Of when IN q"
raIoyc is laid the Gd U0IorCm tax la be "'uu't-
ed from the income tax: Provided, That I'D 10 V"sc
shall less be paid than the ad raiorem iaN'
Ill In the assessment of income dcfi'eu rom man
ufacturiug or mining there shall De deducted rom The
gross income profits, the necessary "hn"' Icp'ust
Tot nvcacdir, ,s ncr cent on The amount Of the in
come derived tharrfr5rn. And ia addition 70 the de-
ductious no.y allowed by law in ne assortment OF in
cns Jcriycd from any coGrce, the following shall DO
ID namely: The Con cdcrae taxes actually paid ny