Washington telegraph., 1864-05-11

obligations Of any kind ,and any n,er,hau-
disc, property or effects OF any King. no;
enumerated in the preceding plraE- ph-
between the times named therel-. en tr~
cent, In addition to the tax Oh s'icii prcirs
as. income. under the act aforesaid
IL Va the amount of profits e*eeediuc
twenty nve per cent, made durirg either
Of the years 1868 aud 1864, by anr hari-
banking company, insurance, canai. nari.
CATION, importing and exporting. rel-r-sri,.
express, railroad, manufacturing. lr- .-I-.
or other joint stock company of snv 4
scriptiou, whether incorporated w III.
twenty-five per cent on such excess
SEC. 5. The following exemptions rror,
taIaticn Under this act shall Nv a.l,wel.
TO wit:
l. Property Of each head OF q fssily 10
tho value Of five huldred dollars aud fir
each minor child Of the family ~ mo fn-
thcr value Of une hundred dollars; sad fnr
each son actuslly engaged in ihc army u-
navy, or has died or been killed in the
military or laval service, aud win was =
member of the family when NJ enter4.
the service, 10 the further value of Eve
| hundred dollars
H. Property Of the widow OF amy Office,
soldier, sailor or marine, who may havc
died or been killed in the military " naFa
! service, or Hhere there is no widow, then
Of tie family, being minor children, e The
value Of one thousand dollars.
Ill Property Of every officer. soldier.
sailor or marine, actually engaged in the
military or naval service, or " -uch a.
have been disabled in such servirr. 10 tht,
value Of one Thousand dollars. provided;
that, The above exemptions shall tot apply
20 any person whose property. exclusive
of household furniture. shall be assessed
ata value exceeding one Thousand dollars
~ That where property ha- b--n n-
jured or destroyed BY the enemy. or 'La
uwrer thereof has been temporarily ~
prived Of The use or occupancy thereof,
of the meaDs Of cultivating the same. "
reason If the presence or proximity III tile
enemy, the assessment on such rop rfy
may be reduced, 10 proportinn 70 TIE
| dsu9ge sustained by the owner. Or tine
tx assessed thereon may be rrdIcei iD
the ZANE ratio ty the district collector .n
\ satisfactory evidence submitted 10 him BIZ
N the owner VI assessor.
. SEC. 8. That the taxes on property tnr
. the year 1864 shall be assessed a. nn
the day Of the passage Of this ac;. and
lie due and collected on the first day Gf
4 June next, or as soon after as practice
BILE, allowing an extension Of ninety davs
west Of tie Mississippi river 'the al-
di ional taxes on incomes or prrdits fnr
ihe wear 1868, levied by this act. shall
be assessed and collected forthwith !;
and the taxes on incomes or profits for
the wear 1864 shall he assesse,. and col
lected according to the provisirus cf tIu
| tax and assessment acts of 1868.
SIC. I. So much Of the tax act nc tie
oath day nf April. 1868, as levie% Z tax
on incomes der we'd from property nr
effects on the amount or value " vhich
tax - levied BY This act, anf also the
| first section of said act, are suspended
for the year 1864. and no estimated rent,
hire. or interest on property nr credits
herein taxed ad rnioreni, shall lf assess
| ed or taxed as incomes, under The tax
act Of 1868.
SEC >. That the tax imposci hr this
act on bonds nf the Coufederag" states
\ heretofore issued, shall in NO cI-- eK-
ceed the interest OH the same. and such
bonds when held BY or for minii> wv lu-
v natics. shall I've exempt from thr TAX in
all cases where the interest on ihc sane
Y shall not exceed one thousand dollars.