The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-10-18
THE NEW TAX Bill,

Ia6 NE " IAA BILL.
an Act to lag additional tdres for the common de-
| fence and support ofhe Government.
Sec. [. 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 the Government of the Con-
federate States approved Oath of April, 1868,
there shall De levied, from the passage of this act.
the bects of taxation hereafter mentioned, and
collected from every person. o-partnership, asso-
citation corporation liable thereto, taxes fol-
lows, to wit:
l. 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 on 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
H.. On the value of gold and silver wares and
plate, jewels. jewelry and watches. ten per cent.
I'LL The value of property taxed under this
ton shall be assessed the basis of the market
value of the same similar property in the neigh
borhood where assessed in the year 1860. except in
cases whero land, slaves, cotton or tobaccp have
been purchased since the LIST 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 interests held
in 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 neghborhood where assessed
in such currency may be in general there, in
the purchase and sale of such property, at the time
of assessment.
Sec 3. I. Upon the amount of all gold and silver
con gold dust, gold silver bullion whether held
by the banks or other corporations or individuals.
tive per cent; and upon all moneys held abroad or
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.
H. Upon the amount of all solvent credits. and
of all bank bills and all other papers issued as
rency exclusive of interest bearing Confederate
treasury notes, and not employed in registered
business the income derived from which is taxed
five per cent.
Sec T. Upon profits made in trade and business,
[. On all profits made by buying and selling spir-
ituous liquors. -four, wheat corn, rice, sugar mo-
lasses or syrup, salt, bacon, pork. hogs, beef or
beef cattle, sheep oats. hay. fodder, hides,
leather, horses, mules. boots Shoes, cotton yarns
WOOL WOODEN, cotton mixed cloths. hats wagons
harness, coal, iron. steel nails, at any time be-
tween the lst of January. 1868 and the 1st January
1863 ten per cent, in addition to the on such
profits as income under the act to lay for the
the Confederate States" approved April 24th 1863
Ill. On all profits made by buying and selling
money, gold, silver. foreign exchange stocks notes
debts, credits, 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.
III. On the amount of profits exceeding twenty |
five per cent, made during either of the years 1863
and 1864 by any bank banking company, nsu- /
rance canal, navigation, importing and exporting
express, railroad, manufacturing dry |
dock. other joint stock company of any descrip
ton, whether incorporate not twenty five per |
cent such excess.
See 5. The following exemptions from taxation
under this act shall be allowed. to-wit
I. 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 one hundred dol
lars; and for each son actually engaged in the army
Or navy, who has died been killed in the mill |
tary naval service. and who was a member of the
family when he entered the service, to the further
value of fire 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, 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 as have been disabled in such ser
rice. to the value of thousand aolars provided
hat The above exemptions shall not apply to any
,erson. whose property. exclusive of household fur
liture. shall be assessed at a value exceeding one
thousand dollars.
". That where property has been injured or de-
troyed by the enemy, the owner thereof has
,een temporarily deprived of the use occupancy