The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-12-27
PUBLIC ACTS
Passed at The first Session Of The I'd Con9ren o
~ the Confederate States.
AN ACT TO AMEND THE TAX LAWS

the Act TO levy additional taxes for the common 40
fence and support of the Government approved I'm
February, 1864, be amended aud re- enaced so nsto
read as follows, to-wit:
Section L. That, in addition 10 the taxes Levied h.
the "Aci to lay taxes for the common defence and 10
carry on the Government of the Confederate States
approved April twenty fourth eighteen hundred and
sixty -three there shall be evd from the l7h dav Of
February 1864, on the subjects OF taxation herenans,
mentioned, and collected from every person, copar,
nership, association or corporation liable therefor
taxes af 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 cent.
Provided, tina. from the tax the value Of property
employed in agriculture shall be deducted The value Of
! the tax in kind derived therefrom during the same
year. as assessed under the law imposing Il, and de-
lvered to the Government whether delivered during
the year afterwards, including the bacon deIivera
bic after and prior to, the assessment Of the tar
properly employed in agriculture aforesaid: and
the collection Of the tax such property shall be
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 ascertained, and when so nsCer-
tained shall be the dnty ~ the post
to certify, and of the district collector deduct the
value of such the, and any balance found due may
be paid in bonds and certificates therefor authorized
by the "Act to reduce the currency and 10 authorize
issue Of notes and bonds in like manner MS
other taxes payable during the year. Provided That
no credit shall be allowed beyond FIVE per cent.
ii. On the value of gold and silver ware and plate
jewels, jeweiry and watches, ten per cent
III. The value Of property taxed under this section
shall be assessed the basis of the market ValEe &C
the same, or similar property in the neghborhood
where assessed, in the year 1850, except in cases
where lands, slaves, cotton and tobacco have been
purchased since the first day of January. 1854, 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 own and residence shall be assessed
cording TO its market value in the year 1850.
Sec. 2. That section second of an act entitled IAN
levy additional taxes for the common defence
a. ,..Al Al. FL
ruary 1894, be- and the is hereby repealed; and
it is hereby declared, that all the property an1 assets
of corporations, associations and joint stock compA
nies every description neither incorporated not
shall be assessed and taxed in the manner, and
The same extent the property and assets Of ind
yidualS the tax such properly and assets to be as
scssed against and paid by, such corporations nsso
Citations and joint stock companies: Provided, That
bank banking company shall be liable TO pay =
tax upon depostes of money to the credit Of and sub
jcct to the checks of others Provided further That
the stock shares interests representing property or
assets in corporations joint stock companies or as
soeatons, shall be assessed or taxed: And prori
Gcd further, That all property within the encmys
lines be, and the same is hereby, exempted from oil
taxation long as II remains in the enemy's llncs.
Sec. 3. That paragraph one OF section three Of an
act entitled 'An act levy additional taxes for the
common defence and support Of the government, Hp-
proved l7th February, 1864 be, and the same is here
by amended and enacted as TO read as follows:
Upon the OF MI gold and silver coin gold dust
gold silver bullion, moneys held abroad or bills Of
exchange, drawn therefor, promissory notes, rghs,
credits and securities, payable in foreign countries,
FIVE per to be paid in specie Confederate trea
sury notes at their value as compared with specie ut
the time the payable; the relative value Of spc
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 tho
20 uky pIad tn pad fol
/ The income property and money, other than
Confederate treasury notes, Of hospitals, asylum'
churches schools, colleges and other charitable !ust
tons shall be exempted from taxation under the pro-
visions Of this act, any other law. The property Of
companies formed under the act entitled IAN act TO
establish volunteer navy, shall be exempt fro tax
alton, except on the income.
H. That paragraph 8, ofihe same act be aud the
is hereby amended by adding thereto as follows
"If any person shall fail make due return, MS re-
quircd by said section, of the income or profits taxed
under any law of Congress in of disagreement
with the assessor, to submit the same referees as
provided by law, shall fail refuse TO pay the tax
thereon within such time as shall be prescribed ny
public notice by the district collector under the d.
rection of The Commissioner Of Taxes, such person
shall be deemed and held be in dcfaulG Provided,
such person shall be deemed and held TO be in de-
fault who may fail, has failed to make payment, or
due returns in consequence Of the presence inter-
ference OF the enemy, the absence neglect OF the
officers charged with the assessment and collection OF
taxes"
Sec. That this shall not be construed ms 20
subject taxation corn bacon and other agricultural
products, which produced in the year 1903, and
in the possession Of the producer the lIth OF Feb
1864, and necessary for the support Of himself ana
family during the present year, and from or on which
in kind have been deducted and delivered or paid
Sec. g. That section 4, paragraphs and 2 ofhe act
approved Th February, 1865 entitled IAN act 10 levy
additional for The common defence and support
of the Government be amended rs TO levy an add
onal lax of thirty per cent upon the amount OF All
profits made by selling the artices mentioned In !he
nhs hPtw
1864, and the ST day Of July next, which additional
tax shall be collected under said act.
Sec Z. That all treasury notes OF Che old issue
of the denomination of five dollars not exchanged tor
new issue prior the st day OF January 1863, hno
which may remain outstanding on that day, tar OF
one hundred per cent. is hereby imposed
Sec. g. That section OF an act entitled IAN aet
to levy additional for the common defence ana
support of the Government" approved l7ih February,
1864 be- and the is hereby, repeated, ana heio-
lowing inserted in liea thereof
the common defence and to carry on the Government
Of the Confederate States" approved 24ih April 1907
is suspended for the year 1864
H. In all cases where tax is leyid on income de-
rived from property real personal and mixed OF every
description on the amount or value Of which an ad
rdIore is laid the 0d r0iorem shall be deduet-
ed from the income tax: Provided, That in no case
shall less be paid than the dd r0ioyem tax.
Ill In the assessment OF income derived rom man
ufacturing mining, there shall be deducted ron zoe
gross income profits, the necessary annual repairs
not exceeding ten per the amount OF ihe IN
come derived therefr6R. And. IN Addiilon 10 we ae
ductions now allowed by law in the afsesfment OF m
comes derived from any source The following shall be
made namely: The Confederate iAAfs hehany PAlO oy