The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-06-21
THE TAX LAWS AMENDED.

President for his approval:
The Congress of the Confederate States Of Arneri-
do enact That the 1st ID and Sd sections of the
act to levy additional taxes. etc., approved 18th
February, 1864, be amended and enacted so as
to read as follows:
L. That in addition to the taxes levied by the tax
act approved Oath April 1856. shall be levied
om1 Eth Feb, 1864 and csnss1ea taxes as follows!
T l. Upon the valueQf all pfoperts .geal, personal
nd4nixed, of every kind and DESCRIPTION, nothore-
matter exempted or taxel At different rate five
per cent Prouided, That from the tax on the value
of property. employed in agriculture. sAaR be de-
Quoted the value of the tax in kind delivesesttere-
from [during the year, as ASSESSED under the
law imposing it, and delivered to the Government
whether delivered dfring- the year, or afterwards,
the bas1o Of ss p,e5
agriculture aforesaid. ETC. provided that no
credit shall be allowed beyond five per cent
II. The value Of property taxed under this sec
ton shall be assessed on the basis of he market
value Of the same, similar property in the neigh
borhood where assessed in the year 1860, except in
eases where land, slaves, cotton or tobacco have
been purchased since the list of January, 1862, in
which, the said land slaves, cotton and tobacco
purchased shall be assessed at the price actual
ly paid for the same by the owner: prouided that
land purchased by refugees and held and occupied
| by them for their own and residence shall be
assessed according to its market value in the year
| 1860.
2. The second section of tax act, approved 18th
Feb, 1864 repealed and in lieu thereof it is de-
cared that all the property and assets of corpora
tions, associations, and Joint stock companies of
every description whether incorporated not shall
be assessed and taxed in the same manner and to
the same extent as the property of individuals, the
fax on such property and assets to be assessed
against and paid by such corporations. associations
and joint stock companies; provided that no bank OF
banking company shall be liable to pay tax upon
deposits of money to the credit of and subject to
the checks of Others provided further that the stock,
shares, interests representing property assets
corporations stock or
tons, shall not he assessed or taxed and provided
further, that all property within the enemys lines
be. and the same is hereby exempted from all tax
alton, so long as it remains i'll the enemys lines.
3. The 1st paragraph of the Sd section of the
act of February 18th is amended and re- enacted
SO as to read:
Upon the amount Of all gold and silver coin, gold
dust, gold or silver blllion, money held abroad or
bills of exchange drawn therefor and securities pay
able in foreign countries, five per cent be paid in
specie Tor Confederate notes at their value as COM
pared with specie at the time the tax is payable
the relative value of specie and Confederate Treasu
ry 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
A. This section exempts from taxation income,
property and money, except Confederate Treasury
notes of charitable institutions, and volunteer navy
companies, except income of latter. 1t also defines
what shall constitute failure to make due returns of
income profits taxed under any law of Congress.
5. This act shall not be construed to subject
to taxation corn bacon. and other agricultural pro-
ducts which were produced in the year 1863 and in
the possession of the producer the 18th of Feb,
1864 and necessary for the support of himself and
family during The present year. and from
which taxes in kind had been deducted and deliver
ed or paid.
g. This section levies an additional tax of thirty
per cent. upon the amount of all profits made by
selling the articles mentioned in paragraphs and
of section four of the said of February 18th
1864, between the said date and LIST July next. The
articles or merchandise referred to spirtuous
liquors, -four wheat, corn rice, sugar. molasses or
syrup, salt. bacon pork. hogs, beef or beef CATTLE
sheep, oats, hay fodder hides, leather, horses.
mules, boots, shoes, cotton yarn, wool, woolen cot
ton or mixed cloths. hats, wagons, harness, coal,
iron, steel and nails.
7. All Treasury notes of the old issue of the de-
nomination of five dollars not exchanged for
issue prior to the 1st day of January, 1865. and
which may remain outstanding on that day are to
be taxed hundred per cent.
8. This section regulates the collection of the adj
valorem tax on income derived from property, and
prescribes the deduction to be made in the
ment of income derived from manufacturing or
mining.
g. This section provides that all citizens of any
Of the Confederate States temporarily residing in
another State, shall be liable to be assessed and
taxed in the State district in which he may be
temporarily reside and it shall be the duty of all
such who have not heretofore made return of their
taxable property to the District Assessor where
they may temporarily reside, within thirty days of
any liable to be assessed and taxed as aforesaid
who shall fail refuse within the said period of
thirty days to make such return shall be liable to
all the pains aud penalties imposed by the laws of
the Confederate States in such case.
[The clauses between brackets indicate the
amendments to those sections in which they occur.
PROMOTIONS. John S. Preston, of the Con-
script Bureau. has been promoted to the rank of
BrigaGer General. Gen Preston is one of the most
efficient and useful officers in the Confederacy.
Col D Fry. of the 18th Alabama regiment, has
been promoted to Brigader General
u Major Gen. Robert Ransom having been as-
signed to the command of the cavalry forces in the
Valley of Virginia, Lieut.. Gen. Ewell has been ap-
pointed the command of the Department of Rich
mond.
Is IT RIGHT "A Bermuda correspondent of the
Charleston Courier writes as follows:
There eight or ten vessels now in port load
ing. Three of them have just arrived from Eng
land, and expected 1t is thought that
there will be twenty five thirty vessels running
hat MIA nd uto durinp the