The daily clarion. [volume] (Meridian, Miss.) 1863-1866, 1864-06-25

day last, and submlttpd 70 me president
for his approvah nk
The Congress Of the Confederate States
Of America do enact, That tho lat, I'd
aud Sd sections OF the act TO levy addi-
tional taxes. etc. approved nth Of Feb.
1864, be amended and rerenacted to read
as follows: 'ts
i. That in addition 10 the taxes levied
by the tax act, approved 9th April, 1868,
there shall be levied from 18th Feb, 1864,
and collected taxes as follows:
!. Upon the value Of all property, real,
personal and mixed, Of every kind and
description, not hereinafter exempted or
taxed at different rate; five percent:
Provided, That from the tax onthe value
Of property, employed in agriculture, shall
be deducted the value ofthe tax in kind
delivered therefrom [during the same
year, as assessed under the law imposing
II, and delivered to the Government,
whether delivered during the year or al
forwards, including bacon deliverable after
and not prior to theassessment OF the tax
on property employed in agriculture as
Aforesaid, etc, provided that no credit
shall be allowed Beyond Ave per cent.
H. The value ofproperty taxed under
this section shall heNassessed on the basis
of the marlketvalue Of the same, or SINH
lar property in the neighborhood where
assessed in the year 1860, except incases
where land slaves, cotton or tobacco, have
been purchased since tho LIST Of January,
1862, in which care the said land, slaves,
cotton anfetobacco so purchased, shall be
assessed at the price actually paid for the
same, by the owner; provided that land
tat1p hos cd lxfp Aft
cupied by them for their own use and re-
sidence shall be assessed according to its
market value in the yenr 1860.
Q. The second section of the tax act, APP
proved 18th Feb, 1864, is repealed and
in lieu thereof it is declared that all the
property and assets Of corporations, asso-
Citations, and joint stock companies Of
every description, whether incorporated
orsnot, shall be assessed and taxed in the
same manner and to the same extent as
the property Of individuals, the, taxon
such property and assets to be assessed
against and paid by suci, corporations, as
sociations and joint stock companies;
provided thatno bank or banking COM.
pany shall be liable to pay q tax upon
deposits Of money to the credit of and
subjectto the checksof others; provided
further, that thestocks, shares, or interests
representing property orsassets in corpor-s
atoms or Joint stock companies or asso
Citations, shall not be assessed or taxed,
and provided further, that oil property
within the enemy's lines be, and The same
is hereby exempted from all taxation, 50
long as it remains in the encmy's lines. a
b. The LIST paragraph Of the 3D. section
Of the act of February 18th is amended
and re.enacted SO as to read: 81
Upon the amount of all gold and silver
coin,gold duS gold or silver bullion money
held abroad, of bills of exchange drawn
therefor, and securities payable in foreign
five per cent. to be paid in
specie Tor Confederate notes al their value
as compared with specie at the time
the tax is payable---the relative
value of specie and Confederate Treasury
notes for the purpose Of payment under
this act to be fixed by regulations to be
by the Commissioner OF Taxes,
anderthe direction Of the Secretary OF
the Treasury
4. This section exempts from taxation |
income, property and money, except Con-
ederate Treasury notes OF charitable in |
and volunteer navy companies
except income of latter. 1t also defines
III 81 sbail const;tute failure 10 NAL ! dc
,eturns Of incolne Or Profits taxed under
INV law oe Conrress.
+ This act shall not he 60 can sfp,,el osto
inject tataxation corn. bacon ana othcr
cr;cnit',rsg nroJuots which 1var. nro'i,,o.
e IN The year I863r and in NEUTRALITY-SUSPICIOUS.
e the nrod,,o. ron tba tTtb ~ FsLr,,or,
8G4 and necessary FIR the sunnort ofhi,5.
eIf ana family aur;no ne rresent vear
nd from, or on which 9ayas in le;nj hi
aan dnductod and daliyarsd !, nail
This section lav;es IN aadi,;onsI tax ri,
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