The daily clarion. [volume] (Meridian, Miss.) 1863-1866, 1864-04-03
THE TAX BILL.

tue Government.
SEC / The Congress nf The Con-
federate States of America do enact,
That, in addition to the taxes levied by
The "qct TO lay taxes for the common
defence and to carry out the Govern
ment of the Confederate States," ap-
proved 24th of April, 1868, there shall
be lev ed from the passage o this act,
on the subjects Of taxation hereinafter
mentioned, and collected from every
person, copartnership, association or
corporation. liable thereto, lakes as
follows, to.wit:
/. Upon the value of property, real.
personal and mixed, Of every kind and
descri ption, not hereinafter exempted
or taxed at different rate, fye:per Ct :
Provided, That from this AK on the
value OF the property employed in
agriculture shall be deducted the value
of the lax in kind delivered therefrom,
as assessed under the law imposing it,
and delivered 10 the Government: Pro
vided; That no credit shall DE allowed
beyond five rer cent.
II. On the value of gold and silver
wares and plate. jewels, jewelry and
watches, ten per cent.
LII. The value of property taxed
unler this section shall be assessed on
the basis of the market value of the
same. or similar property in the neigh
borhood W here assessed in the year
! 500, except in cases where md,
slaves, cotton or tobacco have been
purchased since the first day of Janu.
ary,fl862, in which case the said land.
slaves. cotton and tobacco so purchased
sha be assessed at the price actually
paidsIor The same by the owner.
SEC 2. On the value of all shares
or interests held in any bank, banking
company or association, canal, naviga.
ton. importing. exporting, insurance,
manufacturing. telegraph, express.
railrcad and dry dock companies OF
every kind, whether incorporated or
uot, five per cent.
The value of property taxed nnder
this section shall be assessed upon the
basis Of the market value Of such prop
ertv in the neighborhood where as
sessed, in such currency as may be in
general use there, in the purchase and
sale of such property, at the time of as
seSsment..
SEC. 4 Upon the amount Of all gold
and silver coin, gold dust. gold or sill
yer bullion, whether held bv the
banks or other corporations or individ-
uals, five per centum; and upon all
moneys held abroad, or upon The
amount Of all bills of exchange drawn
thecef on Ioreign countries, a tax Of
FIVE per centum; such tax upon money
abroad to be assessed and collected ac.
cording to the value thereof at the
pase where The tax is paid.
III. Upon the amount of all solvent
credits, and of all bank bills, and all
other papers issued as currency, ex~
elusive oil non,interest bearing Con.
federate Treasury notes, and not EN-.
pIoyed in registered business, the in~
come derived from which is taxed S
per cent.
Sec. 4. Upon profits made in trade
and business, as follows:
|. On all profits made by buying and
selling spurious liquors, -four, wheat
corn, rice, sugar, molasses or syrup
salt, bacon, pork. hogs, beef or beef
cattle, sheep, oats, hay, fodder, raw
hides, leather, horses, mules, boots.
shoes, cotton yarns, wool, wooIen, cot,
ton or mixed cloths, hats. wagons, har'
ness, coal, iron, steel or nails, al any
time between the first of January. 1868
and toe first of January, 1865, ten per
cent. in addition to the tax on such
rEprofits as income under the I" act to Law
IiaSes for the common defence, and