The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-08-30
PUBLIC ACTS
AN ACT TO AMEND THE TAX LAWS.
Pissed at the first Session " The I'd Congress If
the Confederate States.

February 1864, be amended apd reenacted, SO as 10
read as follows, to-wit;
Section l. That, in addition TO the taxes levied h.
the ACT to lay taxes for the common defence and IA
carry the Government of the Confederate S,at.s
approved April twenty fourth, eighteen hrndred and
sixty three there shall be evid from the 18th day Of
February 1864 the subjects of taxation nefeinahr
mentioned, and collected from every person, copart
nership, association or corporation, liable therefor
taxes at follows, to-wit:
l. Upon the vslue of all property. real personal
and mixed of every kind and description not herein.
after exempted taxed at different rate per cept
Provided, that from the the value Of properly
employed in agriculture shall be deducted the value ~
the tax in kind derived therefrom during the same
year. as assessed under the law imposing it, and de-
lvered to the Government, whe her delivered during
the year or afterwards, including The bacon. delyera
BILE after and not prior to, the of the tar
on property employed in agriculture aforesaid and
the collection of the tax such property shall sus
pended after assessment under the order of the Sec
rotary Of the Treasury until the value of the 1.-THE 10
be deducted can be asceraincd, and when so asccr-
tained it shall be the duty Of the post quarermaser
to certify, and OF the district collector TO deduct the
salue of such 1.-THE, and any balance found due may
be paid in bonds and certificates therefor authorized
by the "Act to reduce the currency and to authorize
a issue Of notes and bonds in like manner as
other able during the year; Provided That
credit shall be allowed beyond FIVE per cent.
II. On the value of gold and silver and plate
jewels, jewelry and watches, ten per cent.
III. The value of property taxed under his section
shall be assessed the basis of the market value Of
the same, or similar property in the neghborhood
where assessed, in the year 1860, except in cases
where lands, slaves, cotton and tobacco have been
purchased since the FIRST day of January. 1862, IN
which the said land, slaves cotton and tobacco
purchased shall be assessed at the price actually
paid for the same by the owner Provided, That land
purchased by refugees and held and occupied by them
for their and residence. .ha he assessed ac-
cording TO its market value in the year 1860.
Sec. 2. That section second Of act entitled dan
to levy additional taxes for abe common defence
and support of the government approved 18th Feb
ruary 1864 be- and the same is hereby repealed and
it is hereby declared, that all the property assets
of corporations associations and joint stock compa-
MES fevery description. whether Incorporated or not
shall be assessed and taxed in the same manner and
to the same extent as the property and assets OF nd-
vidnals the such properly and assets TO be as
sessed against and paid by, such corporations, nsso-
Citations and joint stock companies: Provided, That
no bank or banking company shall be liable 10 pay
upon deposies of money TO the credit Of and sub
ject to the checks of, Others: Provided further, That
the stock shares interests representing property
in corporations or joint stock companies or as
soeiaons shall not be assessed or taxed: And proVi-
led further, That all property within the enemys
lines be- and the same is hereby, exempted from all
taxation so long as it remains in the enemys lines
Sec g.. That paragraph of section three Of
act entitled "An act to levy additional taxes Tor the
common defence and support of the government, ap-
proved 7h February 1864 be, and the same u.s. here
by amended and re- enacted, TO read follows:
Upon the amount OF all gold and silver coin gold dust
gold silver bullion, moneys held abroad, or bills Of
exchange, drawn therefor promssory notes, rights,
credits and securities, payable in foreign countries,
five per cent to be paid in specie or Confederate urea
sury their value, compared with specie 1t
the time the tax payable; the relative value OF spe'
Gle and Confederate treasury notes. for the purpose of
payment under this act, to be fixed by regulations TO
be prescribed by the Commissioner of Taxes, under
the direction of the Secretary of the Treasury
Sec. 4. That section sixteen Of the "Act TO amend
entitled AN to lay taxes for the common de-
fence and carry the Government of the Confederate
States" approved 18th February, 1904. be, and the
same is hereby amended, so as TO read as follows:
!. The income, property and money, other than
COnfederat" treasury notes, Of hospitals, asylums
churches, schools, colleges and other charitable nsii
tioHs, shall be exempted from taxation under the pro-
visions of this act or any other law. The property Of
companies formed under the entitled IAN act to
establish volunteer navy, shall be exempt N tax
alton, except on the income.
H. That paragraph sec Z Of the same act be and the
same is hereby amended by adding thereto rs follows:
'If any person shall fail to make due return as re-
quired by said section, of the income profits taxed
under any law of Congress- in of disagreement
with the assessor to submit the same to referees, ~
provided by law shall fail refuse 10 pay the tar
thereon, within such time shall be prescribed by
public notice, by she district collector, under the di-
rection of the Commissioner of Taxes, such person
shall be deemed and held 20 be in defaults Provided
such person shall be deemed and held be in de-
fault, who may fall or has failed to make payment or
due returns in consequence Of the presence or inter
ference of the enemy the absence or neglect of the
officers charged with the assessment and collection OF
taxes"
Sec 8. ThatthIs act shall not be construed as to
subject to taxation corn bacon and other agricultural
products, which produced in the year s63 and
1864, and necessary for the support Of himself and
family during the present year. and from which
in kind have been deduced and delivered or paid
Sec 6. That section o. paragraphs and 2, of the act
approved 18th February, 1864 entitled "An act 10 levy
additional taxes for the common defence and support
of the Government" be amended levy addi-
tiona of thirty per cent. upon the amount Of all
profits made by selling the arIices mentioned in the
said paragraphs, between the l7th day Of February
s64 and the LIST day of July next which additional
tax shall be collected under said act.
Sec. 7. That all treasury notes of the old issue
of the denomination Of five dollars not exchanged Tor
Issue prior the day of January, 1853, aud
which may romain outstanding that day, n tar Of
one hundred per cent. is hereby imposed
Sec. g. That section Of an act entitled IAN ACT
10 levy additional for the commQp defence ana
pport of The Government" approved 18th February
S64 be- and the same is hereby, repealed aud The fol-
lowing insert ed in lieu thereof:
l. That The first section of the "Aci 20 lay taxes for
the common defence and to carry the Governments
of the Confederate States approved cath April 1865
is suspended for the year 1864.
ii. In ell cases where is leyd on income de-
rived from property real personal and mixed Of every
description, the amount value Of which an az
Uaiore is laid the ad U0Lorsn shall be deduct
ed from the income tax: Provided, That in no cA'e
shall less be paid than the ad VaLoren1 tax.
III In the assessment of income derived from man
mining, there shall be deducIed HoH INC
gross income profits, the necessary annual repair"
not exceeding teI per cent. on me hIoHn' u nv
come derived therefrOB Ana, IN auu''"u :" .H' "
juctons now allowed by law IN RS assessment OF IN
,oncs Jerved for, any source the following shall be
80 ,au.Iy. The Confederate taxes Actually paio by
- orD.r on ga les made by him, and the commissions
,,aIlv nsid by the consiRnor or shipper Tor seng,
- 3, The production manufacture OF pig metal or
,ther iron, the cost of fuel.
mi. IL r ~ I'D