The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-06-14
THE NEW TAX BILL.

An act to lag additional tares for the common de-
fence and support Of the 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 Oath of April, 1868.
there shall be levied from the passage of this act
the subjects of taxation hereat mentioned. and
collected from every person, co-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 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 thererom,
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. jewelry and watches, ten per cent.
Ill. 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
Dor hood where assessed in the year 1860, except in
cases whers land, slaves, cotton tobacco have
been purchased since the lst 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 2. On the value of all shares or interestssheld
in any bank, banking company or 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 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 where assessed
III such currency may be in general there. in
the purchase and sale of such property at the time
of assessment.
Sec g. |. Upon the amount of all gold and silver
COIN gold dust, goldnr silver bullion whether held
by the banks or other corporations or individuals.
five 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 fax upon money abroad to be assessed and col
lected 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 as
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 A. Upon profits made in trade and business,
l. On all profits made by huying and selling spir-
ituous liquors. flour, wheat, corn, rice sugar.
lasses or syrup, SALT bacon, pork. hogs, beef or
beet CATTLE sheep. OATS hay. fodder, hides,
leather, horses mules boots, Shoes cotton warns,
wool. wooden, cotton mixed cloths hats. wagons,
harness, coal. IRON steel nails, at any time be-
tween the 1st of January, 1868 and the 1st January
1865, ten per cent, in addition to the tax such
profits income under the act to lay taxes for the
the Confederate States approved April Oath, 1868
Ill. 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 on such profits income, under the act
aforesaid
Ill. On the amount of profits exceeding twenty
five per CENT made during either of the years 1863
and 1864, by any hank banking company, insu-
rance, canal, nav CATION, importing and exporting
telegraph. express. railroad. manufacturing dry
dock. or other joint stock company of any descripx
ton, whether incorporate or not, twenty five per
cent such
Sec 5. The following exemptions from taxation
under this act shall be allowed to-wit:
l. Property of each head of family to the value
of five hundred dollars; and for each minor child of
the family to the further value of hundred dol
lars; and for each actually engaged in the armv
or navy, who has died been killed in the mill
tary naval service, and who was member of the
family when he entered the service, to the further
value of five hundred dollars.
II. Property of the widow Of any officer, soldier
sailor or marine who may have died been killed
in the military or naval service or 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 naval
service of such have been disabled in such SER
vice. to the value of thousand dollars; provided
that the above exemptions shall not apply to any
person. whose property exclusive of household fur
nturo, shall be assessed at value exceeding one
thousand dollars.
~. That where property has been injured or de-
stroyed by the enemy, or the owner thereof has |
been temporarily deprived of the use or occupancy