The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-09-27
An Act to provide transportation i'll kind in certain
cases to members and delegates in Congress.
THE NEW TAX BILL,
An Act to lag additional tarcs for the common
fence and support ofthe GoreTnmenk.

fence ant support Of the Government
Sec l. The Congress of the Confederate States
of America do enact, That in addition to the taxes
levied by the .'act to lay taxes for the common de-
fence and to carry on the Government of the Con-
federate States" approved Gath of April 1868.
there shall be levied, from the passage of this act,
the ubjects of taxation hereafter mentioned and
collected from every person, partnership, asso-
citation corporation liable thereto, taxes fol-
lows, to-wt:
l. Upon the value of property, real personal and
mixed, Of every kind and description, not hereinaf
ter exempted taxed at a 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 therefrom,
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 and
plate, jewels. ewelry and watches, ten per cent.
Ill The value of property taxed under this sec
ton shall be assessed 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 lst day of January, 1862,
in which case the said land, slaves, cotton and to :
bacco purchased, shall be assessed at the price
actually paid for the same by the owner.
Sec 2. On the value of all shares or interests held
in any bank, banking company OF association, canal,
navigation, importing, exporting insurance, manu-
facturng telegraph express, railroad, and dry dock
companies. and all other joint stock companies of
every kind, whether incorporated not, five per
cent.
The value of property taxed under this section
shall be assessed upon the basis of he market value
of such property 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 silver bullion, whether held
by the banks other corporations individuals,
five per cent; and upon all moneys held abroad,
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
lected according to the value thereof at the place
where the tax is paid
II. Upon the amount of all solvent credits. and
of all bank bills, and all other papers issued as
rcncy exclusive of interest bearing Confederate
treasury notes, and not employed in a registered
business the income derived from which is taxed.
five per cent.
Sec 4. Upon profits made in trade and business,
as follows:
l. On all profits made by buying and selling spir-
ltuous liquors, flour, wheat rice, sugar, mo-
lasses syrup, salt, bacon, pork. hogs, beef or
beet cattle, sheep. oats, hay. fodder, hides
leather horses, mules. boots Shoes, cotton yarns
wool, woolen cotton or mixed cloths, hats. wagons
harness, coal, iron. steel or nails, at any time be-
tween the LIST of January, 1863 and the LIST January
1865, ten per cent. in addition to the tax on such
profits income under the "act to lay taxes for the
common defence, and carry the Government of
the Confederate States,' approved April Oath, 1868
IL. On all profits made by buying and selling
money, gold silver. foreign exchange stocks, notes.
debts, credits, Or obligations of any kind, and any
merchandise, property effects of any kind, not
enumerated in the preceding paragraph, between
the times named therein, ten per cent, in addition
to the tax on such profits as income, under the act
aforesaid.
III. On the amount of profits exceeding twenty
five per cent, made during either of the years 1868
and 1861 by any bank or banking company, insu-
rance, canal, navigation, importing and exporting,
telegraph, express railroad, manufacturing, dry
dock. or other joint stock company of any descrip
ton, whether incorporate or not, twenty-five per
cent on such
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 minor Child of
the family to the further value of hundred dol
lars and for each son actually engaged in the army
navy, or who has died or been killed in the mill
tary naval service, and who member of the
family when he entered the service to the further
value of five hundred dollars.
II. Property of the widow of any officer, soldier
sailor marine, who may have died or been killed
in the military or naval service. where there is
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 naval
service. of such have been disabled in such SER
vice. to the value of one thousand dollars provided
that the above exemptions shall not apply to any
person, whose property exclusive of household fur
niture, shall be assessed at value exceeding one
thousand dollars.
". That where property has been injured or de-
stroyed by the enemy, or the owner thereof has
been temporarily deprived of the use or occupancy