Washington telegraph., 1864-05-11
THE TAX BILL.
Az ACT, To LAY ADDTrIO:AL TAXES FOR
TIE COMMON Defence AND SUPPORT
OF TILE GnNrRkMExr

OF THE GOVERNMENT.
SEC. l. The Congress Of tie Confcde-
'ofe States n Americu do ean-f: That
10 addition TO The taxes levied By the "act
70 lay taxes for M. common defence ard
70 carry On the Government Of the Con-
federate States" approved 24ih OF April,
1868, there shall be levied from the pas
sage IA this aci, on the subjects Of taxation
hereafter mentioned, aud col.ecied from
every person, c"parlmership, associstion or
corporation, liable therefor, taxes az fol.
lows, to wit:
Upon the value If property. real
personal and mixed. Of every kind and
description, not hereinafter exempted or
taxed at a different rate, five Der cent.
PTOUided, That from this lax on the value
OF property, employed IL agriculture. shall
be deducted the value az the tax n kind
delivered therefruip, ~ assessed under the
Law. imposing ii, and delivered u the
Government; Prouided, That no credit
shfl, be alloxed beyond five per cent.
Ill On the value " gold and silver
wares and plate, jewels. jewelry, and
watches, ten per cent
LII. The value VI properly taxed uBder
this section shall be assessed 90 the basis
of the market value Of the same. or SIM
lar property ID the neighDurhnod where
assessed 10 The year 1860, excep; in cases
where land, slaves, cotton or tobacco have
been purchased since Tie lSt day of Jan,
lS62, IN which case the said land, slaves,
cotton and tobacco SO purchased. shall be
assessed at the price actually paid for the
same by the owner
SEC. =. OD the value of all shares OF
interests hello ID any bank, banking com
pany or ASSOCIATION, canal. navigation, in
porting, exporting, Insurance. manufac-
turing, telegraph, express, railroad and
dry dock companies aud all other JOINT
stock companies Of every kind, whether
Incorporated or not, five per cent.
Ihe value Of property taxed under this
section shall be assessed upon the basis OF
the market value of such property in the
neighborhooc where assessed Ia such cur
rency as may he 10 general use there, ia
tie purchase and sale Of such property
al the time Of assessment.
SEC. 3. L. Upon The amour Of all gold
and silver coin, gola dust, gold or silver
bullion, whether held By the banks or
osher corporations or individuals, five Del
cent; and upon all moneys held abroad
OF uP the amount Of ali bills If exchange
dawn therefor on foreign countries. y tax
y i've rer cent; such tax upon money
sorond 10 be assessed and collected &C,
coIdin2 70 tie value thereof At the place
where the tax il paid.
IL. Upon the amount of all solvent
, credits, and of all bank bills. and all other
papers issued as currency. exclusive of
aon-intersst bearing Confederate treasury
notes, aud not employed 10 a registered
business, the income derived from which
j. taxed. tive per cent.
SIC D. Upon profits made in trade and
business, a. follows:
L On all proits made by buying and
srlilDg spirituous liquors, -four, wheat,
curn, rice, rugar, molasses or syrup, salt,
bacon. pork, hogs, beef 0: beef cattle,
sheep, oats, hay fodder, raw hides, leather,
horses, mules, boots. sht es, cotton warns,
I WOOL, woolle1s, cotton or mixed cloths,
bats, wagons, harness, coal, iron, steel or
nails, at any time between the FIST OF
January, 1868, and the first Of January,
1865, ten per cent, in addition to the tax
ou such profits as income under the ''act
to lay taxes fer the common defence, and
carry on the Government Of the Coufed
erare States" approved April "a, 1868
Ill. On oil profits made BY buying and
selling money, gold. silver, foreign ex
change, stocks, notes. debts, credits, o: