The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-12-13
TIE NEW TAX BILL,

An Act to lag addltlOndl tdreS for the common de-
fence and support ofthe Government.
Sec I. 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 De levied, from the passage of this act
the becs of taxation hereafter mentioned, and
collected from every person, copartnership, asso-
citation or 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 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 credit shall
be allowed beyond five per cent
II. On the value of gold and silver wares and
plate, jewels. jcwelry and watches. ten per cent
III. The value of property taxed Under this Sec
ton shall be assessed on the basis of the market
value of the same, or similar property in the neigh
eases 16er land slaves cotton or tohacc have
been purchased since the 1st 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 .. On the value of all shares or interests held
in any bank, banking company or associations canal,
navigation, importing, exporting, insurance, manu-
featuring. telegraph express, railroad, and dry dock
companies. and all other joint stock companies of
every kind, whether Incorporated or not, five per
cent.
The value of property taxed under this section
shall be assessed upon the basis of the market value
OF such property in the neghborhood where assessed
III such currency as 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 or silver bullion whether held
by the banks or other corporations or individuals
five per cent; and upon all moneys held abroad or
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 Mace
where the tax IS paid.
III. Upon tR amount of all solvent credits and
of all bank bills ard all other papers issued as cur
rency exclusive of non interest bearing Confederate
treasury notes, and no. employed in a registered
business the income derived from which is taxed
five per cent.
Sec 1. Upon profits made in trade and business,
as follows:
l. On all profits made by buying and selling spir-
tuous liquors, flour, wheat, corn, rice, sugar mo-
lasses or syrup, salt, bacon, pork. hogs, beef or
beef cattle, sheep. oats, hay. fodder, raw hides
leather, horses, mules. boots, Shoes, cotton yarns
wool, wooden, cotton OF mixed cloths, hats. wagons
harness. coal, iron. steel nails at any time be-
tween the lst of January, 1868 and the st January
1865, ten per cent, addition to the tax on such
profits as income under the act to lay taxes for the
common defence. and carry on the Government of
the Confederate States, approved April 24th 1868
money, gold silver foreign exchange, stocks notes
debts, credits. or obligations of any kind and any
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 income, under the act
aforesaid.
III. On the amount of profits exceeding twenty !
FIVE per cent, made during either of the years 1863
and 1864, by any bank or banking company, insu- |
sance, canal navigation, importing and exporting |
express. railroad manufacturing, dry |
dock or other joint stock company of any descrp-
ton, whether incorporate not, twenty five per |
cent on such excess.
Sec 5. The following exemptions from taxation
under this act shall be allowed. to-wit:
/. Property of each head of family TO the value
IF five hundred dollars and for each minor child of
he family to the further value of one hundred dol
ars; and for each actually engag ed in the army
navy, who has died been killed in the mill
AIRY or naval service. and who a member of the
amiy when he entered the service to the further
'aue of five hundred dollars.
II. Property of the widow of any officer soldier.
ailor or marine. who may have died or been killed |
q the military or naval service, where there is
10 widow then of the family, being minor children |
o the value of one thousand dollars.
III. Property of every officer, soldier, sailor or
marine, actually engaged in the military or naval
ervice. of such as have been disabled in such ser
ice. to the value of one thousand dollars; provided
nat the above exemptions shall not apply to any
erson. whose property. exclusive of household fur
iture, shall be assessed at value exceeding one
loasand dollars.
". That where property has been injured or de- s
royed by the enemy, the owner thereof has I
cen temporarily deprived Of the use or occupancy