Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1864-06-21
An Act to Amend the Tax Laws.

The Congress If the Confederate suites or ADeric1 do
enact That the st second and third sections of the act
levy additional taxes for the common defence and sup
port of the Government approved seventeenth Of Febru
airy, eighteen hundred aud sixty be amended and
enacted, as to read rs follows to W.T.:
Sec That in addition to ths levied BY the act
to levy for the defence and to carry The
Government of the Confederate Slates approved April
"a 1863 there shall be levied from the l7h day OF Feb
ruary 1854, the subject of taxation hereinafter
association corporation, liable therefor taxes as fol-
lows to wit:
l. Upon the value of all property real personal and
mixed of every kind OF deScrp on lot hereinafter
empted taxed different rate live per cent: ProUi
de That from the tax the value of property employed
in agriculture shall be deducted the value of the tax In
kind derived herefrom during the year. assessed
under the law imposing it, and delivered to the Govern
ment, whether delivered during the year afterwards,
including the bacOn deliverable uer and not prior TO the
assessment OF the tax on property employed IN aSrcu
ture, aforesaid and the collection Of the suc
property shall be suspended alter assessment under the
order Of the Secretary of the Treasury until the value of
the 1.-THE " be deducted be aSceraned and when
ascertaned shall be the duty of the post quartermss
ter 10 certify and Ut the district collector 10 deduct the
value of such tthe, and any balance found duo be
paid in bonds and certificates therefor authorized BY the
Act TO reduce the currency and to authorize new is
of notes aud bonds in like other lakes,
paybie during the PrOuisd, That snail
be allowed beyond five per cent:
H. On the value OF gold and silver and plate, jew
els jewelry and watches, ten per cent.
ILL., The value OF property taxed under this se.ton
shall be assessed on the basis OF the market value o. the
same similar property taxed IN the neghborloOd
where assessed in the year eighteen hundred and sixty
except where lands, slaves, cotton and tobacco
have been purchased Stree list day of January 1867
which the said audS Slaves cotton and tOoaecO
purchased shall be assessed at the price annually paid for
the same BY the owner Pocidd Tna land purchased by
refugees and held and occupied by them ioF their
and residence shall be assessed according to its
ket value 10 the year 1850.
Sec That second section of act entitled an act
to levy additional taxes for the defence and sup
port Uf the Government approved 18th February, 1854
be, and the hereby repealed; and it is hereby
declared that all the property aud assets of corporations,
associations and joint stock companies of every descrp
tion whether incorporated not shall assessed
taxed in the manner and to the same extent
property and assets of individuals the tax such prop
ery aud assets 10 be assessed against aud paid by such
corporations, associations and joint stock companies
Pr0oidsd, That bank banking company shall be l-
Bile to pay tax upon deposits of money to the credit of
and subeQt to the checks of others: Provided further
That Stock shares interests representing property
in corporations joint companies
atoms, shall not be assessed taxed. And, provided
fHrthSr, That all property within the euemys lines be,
and The same is hereby exempted from all taxation
long as it remains IN the enemy's lines
Sec g. That paragraph of section three of act
entitled An act to levy additional taxes for the
defence and support of tue Government" approved
18th February 1894 be- and the is hereby ed
aud re-enacted, SO as to read as follows: Upou the.
amount of all gold and silver sn, gold DUST gold sill
yer bullion, moneys held abroad, bills OF exchange
drawn therefor pr'nissory notes. rights credits and
curtes payable foreign countries tive per be
paid specie Confederate Treasury notes at their val
ue, compared with specie the time the is paya-
be the relative value of and Confederate Treasury
notes. for the purpose Of payment under this act be
fixed by regulations to be prescribed by the Commits
souer Of Taxes under the direction of the Secretary
the Treasury.
Section 4 That section sixteen of the "Act to amend
an act entitled An act to levy taxes for the common de-
fence and carry the Government of the Confederate
States, approved 18th February 1854" be- and the
is hereby, amended to read as follows
The income property and money, other than COnfed
crate Treasury notes, of hospitals asyIums churches
Schools colleges and other charitable shall be
exempted FROM taxation under the provisions Of this act
any other law The property of companies formed I'M
der the act entitled An act establish volunteer navy
shall be exempt from taxation, except the income.
IL. That Paragraph six section seven, of the same act
be and the same Is hereby amended by adding thereto,
as follows:
"f any person shall fail make due return as re-
qured by said section, OF the income profits taxe.i
under any law of Congress, in of disagreement
with the assessor to submit the same " referees as pro-
vided by law, shall fail refuse to pay the tax there
on within such time shall be rbed by public no.
tce by the direction Of the Commissioner OF Taxes such
person shall be deemed aud held TO be IN defaut Pro-
sd That such person shall not be de aud held to
be in default, who may fail, has failed TO make pay
nent or due returns In consequence of the presence
interference othe enemy absence or neglect IF
the officers charged with the and collection of
taxes"
Sec 5. That this shall not be so construed as to sub