Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1864-06-23
The rsx Lava Amended.

The following is the substance Of the bill amending
the tax laws Of the Confederate States passed by
Congress, and submitted &c the President for his ap
prova on the 18th Of June, 1864:
The Congress the Confederate States OF America dc
That the lt I'd and Sd sections Of the levy
ed and re-enacted as to read as follows:
/. That in addition to the taxes levied by the tax act
ap0roved oath April 1863 there sh all be levied 18th
Feb, 1861, and collected taxes al follows:
l. Upon the vaue of all property, rea personal and
empted taxed at different late, five per cent Pro-
vded That from the tax on the value of property, en-
in hind delivered therefrom LduIing The year
as assessed under the law imposing it. ard delivered to
Afterwards incndug bacon deliverable after and pri
OF 10 me seSsneh OF he tax on pI0pery employed IN
shall be allowed beyond five per cent.
shall be assessed on the Ga5is Of 3e market value of tIe
siilar pr perty in the neghborhooo where
tire year $780, except in where land sves
cotton tobacco have been purchased since the let day
o January ls6 in which the said land slaves cot
end toba purchased, shall be at the
price actually paid for by the owner; [prOUid
that land purchased by eugees and held and occupied by
cordiag to its marks vaue il the year 1850 ]
G Iaa second s9ton 6 OF the @ tax act approved 18th
that s the property and assets of corpora associa
uIns; anu JIM So VI od Sc,
whether Incorporated or G ah be assessed and taxed
in the and TO the extent as the proper
~ OF Individuals the tax on s2ch property and assets to
be assessed against and paid by auch asso
Citations and joint stock companies provided that no
banking company shall be liable to upon
deposits to credit of aud subj the checks
of others provided iurther that the stock shares
teTe representing property assets in corporations
JOINT socS companies oF shall not BIS assessed
taxed, and provided farther, all propert~ within
the enemy 5 lines be, and the is hereby exempted
from all taxation, long it remains The enemy
lines.
The lst paragraph of the Sd section of the act of Feb
fuary 18th is amended and re enacted as to read
upon the amount Of ali gold and silver coin, gold dust,
Boiu or SILVER LuIon, non held abroad, or bills Oh cA-
CnAASe ua~n teefor securities payable In foTeg1
couhes Ve per cent to be paid specie or Conteder
ave Loes at Ier value as compared with specie at the
Le me LAX payahie-the relative of ecie and
confederate treasury notes for purpose of
und TINS ac 10 be liked by regulations to be pie scrbed
y the sonef CT Taxes under the dire ctiou OF
Secretary of the TTeasuryl
l. This section eXempts from taxation incora
and money except Confederate Treasury note of cbt
Die nsttu aud volunteer navy Companies excent in
come OF latter. 1t also defines what sh constitute failure
10 MAKE cue returns of income profits taxed under any
la OF Congress. Wy
o. 1hs act shall not be construed to subject to tax
atoR coFn bacon and other agricultural produces which
were produced IN the year 1863 in be possession Of
producer on the lh February 1854 and necessary
sappoEt OF himself and family during the year,
Ifo or on Wnlca taxes in kind been deducted and
ueISsred or paid.
" ms section leves additional tax of thirty per cent
uPo Tue amount of ali profits made By saI4 the articles
n''neu III Paragraphs aud two section four of
alu aGL VI ebruary l7th 6t between the said date
Isl 1uly next The articles of ss referred
pluous liquors, flour, wheat, corn, rice sugar,
sheen t " syrup, sat, bacon pork hogs beef cattle,
'' Ha! I0aaer, raw hides, leather, horses mules,