The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-11-22
THE NEW TAX BILL,

An Act to Tag dddattondt tdres for the common de-
fence and support ofthe Government.
Sec. l. 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 9th of April 1863.
there shall De levied, from the passage of this act,
the sub ieets of taxation hereafter mentioned and
collected from every person. partnership, asso-
citation corporation, liable thereto, taxes fol-
lows, to wit:
I. Upon the value of property, real personal and
mixed of every kind and descriptions not herenaf
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 vulue of gold and silver wares and
plate, jewels. jewelry and watches, ten per cent
III The value Of property taxed under This sec
ton shall be assessed the basis of the market
value of the same. or similar property in the neigh
borhood where assessed in the year 1860. except iii
eases whero land slaves cotton or tobacco have
been purchased since the lst day of January, 1862
in which the said land, slaves, cotton and to-
bacco purchased, shall be assessed at the price
actually paid for the by the
Sec 2. On the value of all shares interests held
iii any bank, banking company association, 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 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 where assessed
III such currency. as may be in general use there, in
the purchase and sale Of such property, at the time
of assessment.
Sec 3. 1. Upon the amount of all gold and -syer
coin gold dust gold or silver bullion, whether held
by the banks or other corporations individuals.
tive per cent; and upon all moneys held abroad,
upon the amount of all bills of exchange, drawn
therefor foreign countries tax of five per cent;
such tax upon money abroad to be assessed and col
leced according to the value thereof at the place
where the tax is paid.
II. Upon the amount of all solvent credits and
of all bank bills, and all other papers issued
rency. exc usive 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 4. Upon profits made in trade and business,
follows:
I. On all profits made by buying and selling spir-
ituous liquors. flour, wheat, corn, rice, sugar. mo-
iasses 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 or mixed cloths. hats wagons
harness, coal, iron, steel nails, at any time be-
tween the lst of January 1868. AVID the January
1865, ten per cent IN addition to the tax on such
profits income under the 'act to lay taxes for the
common defence. and carry on the Government of
H. On all profits made by buying and selling
money, gold silver foreign exchange, stocks, notes,
debts, credits Or obligations of any kind and any
merchandise, property effects of any kind, not
enumerated in the preceding paragraph, between
the times named therein, ten per cent in addition
to the tax such profits as 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. iasu-
rance, canal navigation, importing and exporting
telegraph. express. railroad manufacturing, Iry
dock. or other joint stock company of any descrp-
cent on such excess. =
Sec 5. The following exemptions from taxation
under this act shall be allowed. wit:
|. Property of each head of a family to the value
of FIVE hundred dolars and for each minor child of
the family to the further value of one hundred dol
lars; and for each actually engaged in the army
or navy. who has died been killed in the mill
tary or naval service and who was a member of the
family when he entered the service. to the further
value IF five hundred dollars.
II Property Of the widow of any officer, soldier
sailor marine, who may have died or been killed
in the military or naval service. where there is
no widow then of the family. being minor children
to the value Of one thousand dollars.
III Property of every officer. soldier. sailor or
marine. actually engaged in the military or nay al
service. of such as have been disabled in such SER
rice. to the value of one Thousand d,ars provided
hat the above exemptions shall not apply to any
nersou, whose property. exclusive of household fur
liture. shall be assessed at value exceeding one
thousand dollars. ~ III ~~.
". That where property has been injured or de-
troyed by the enemy, the owner thereof has
,cen temporarily deprived of. the use or occupancv