Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1864-04-06

and clothing, and the God of mercy will bless Won
and many noble. hearted soldier will thank Won n,
it as long he lves-and if be should die in BATH.
or in the hospital 1t will be consolation to him in
his last moments to remember that he leaves hin
family among those who will think of and provide
for them.
THE TAX BILL.
AN ACT TO LAY ADDITIONAL TAXES FOR TIE COMMON
DEFENCE AND SUPPORT or THE GOVERNMENT.
Sec l. The Congress of tho Confederate Statn
Of Anaerion do enact, That in addition to the taxes
levied.by the TACT to lay taxes for the common
defence and to carry on the government of the Con.
.federate States" approved Oath Of April, 1862
there shall be levied from the passage Of this act
on the subjects of taxation hereafter mentioned
aud collected from every person, copartnershp q.
seciation or corporation, liable therefor, taxes Is
follows, to wit:
!. Upon the value of property, real, personal and
mixed, of every kind and description, not herein.
after exempted taxed at different rate, five per
cent Provided, That from this tax on thessaue
Of property, employed in agriculture shall be de.
Quoted the value Of the tax in kind delivered there
from, as assessed under the law imposing it, and
credit shall be allowed beyond five per cent
IL. On the value of gold and silver wares and
plate, jewels, jeweiry, and Watches ten per cent.
I'LL. The value of property taxed under this sec.
ton shall be assessed on the basis of the market
value Of the same similar property in the neigh.
borhood where assessed in the year 1860, except in
cases where land, slaves cotton or tobacco have
been purchased since the LIST day of January, 1862
in which case the said land, slaves cotton and to.
baccoO SO purchased, shall be assessed at the price
actually paid for the same ty the owner.
Sec q On the value of ali shares os interests
held in any bank, banking company or association,
CANA, navigation, importing, exporting, Insurance.
manufacturing, telegraph express, railroad and dry
dock companies and all other joint stock companies
of every kind, whether incorporated or not, five
per cent. .fqss s@s
shall be assessed upon the basis of the marketable
of such property in. the neghborhood where as.
sessed in such currency as may be in general use
there in the purchase and sale of such property at
| the time Of assessment
| Sec. 3. Upon the amount of all gold and silver
coin, gold DUST gold silver bullion, whether held
by the banks or other corporations or individuals
five per cent; and upon all moneys held abroad. or
| upon the amount of all bills of exchange, drawn
therefor on foreign countries, tax of five per cent;
such tax upon money abroad to be assessed and
collected according the value thereof at the place
where the tax is paid
II H S!sF ts na al solvent e and
rehcy, exclusive of interest bearing Confederate
treasury notes. and not employed in registered
business, the incohS. derived from which IS taxed
Eve per cent
Sec 4. Upon profits made in trade and business,
as follows:
l. On all profits made by buying and selling
sp,rituous liquors. -four, wheat corn, rice, sugar,
molasses or syrup, salt bacon, pork hogs, beef or
beef cattle, sheep, oats. hay, fodder, raw hides,
leather horses, mules, boots. Shoes cotton yarns,
WOOL woolen, cotton or mixed cloths, hats, wagons,
harness. COAL iron steel or nails, at any time be-
tween the first of January, 1868, and the first Of
January, 1865, ten per cent in addition to the lax
| on such profits as income under the TACT to lay
taxes for common defencs, and carry on the Gov
eminent Of the Confederate States" approved April
IL. 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 or effects Of any kind, not
enumerated in the preceding paragraph, between
the times named therein, ten PEI cent, in addition
to the tax on such profits as income under the act
aforesaid
| III. On the amount of profits exceeding twenty
five per cent, made during either Of the years 1868
and 1864, by any bank or banking company, lnsu-
rance, canal, navigation, importing and exporting.
! telegraph, express, railroad, manufacturing, dry
dock, or other joint stock company of'any descrp.
ton, whether incorporated or not, twenty-five per
cent on such excess.
Sec. 5. The following exemptions from taxation
under this act shall be allowed, to wit: -
l. Property Of each head Of a family to the value
of FIVE hundred dollars; and for each minor child
of the fanny to the further value of one hundred
dollars and for each son actually engaged in the
army or navy. OF. who has died or been killed in the
military or naval SERVICE and who was memoer o.
the family when he entered the service, to the fur
Their value of FIVE hundred dollars.
II. Property of the widow Of any officer, soldier
sailor or marine, who may have died or been killed
in the military naval service, or where there il
no widow, then of the family, being minor children
to the value Of one thousand dollars
III. Property of every officer, soldier sailor OF
marine, actually engaged in the military or nava
service or of such as have been disabled in suct
SERVICE to the value of thousand dollars, provI
ded, that the above exemptions shall.not apply Z
any person whose property, exclusive of household
furniture, shall be assessed at value exceeding ON
! thousand dollars.
Nv. That where property has been injured o
been temporarily deprived Of the use or 0ccuPanc
thereof or Of the means of cutivating the same, b!
reason Of the presence or proximity Of the enemy
the assessment on such property may be reduced
IN proportion to the damage sustained by the own
er, or the tax assessed thereon may Be reduced II
the same ratio by the district collector, satisfas
tory evidence submitted to him by the owner
] assessor.
. Sec. 6. That the taxes on property laid for tn
8 year 1864 shall be assessed as on the day OF to
passage Of this act and be due and collected
the first day Of June neat or as soon after as pra
ticable. allowing an extension Of ninety days We
Of the Mississippi river. The additional taxes o
incomes or profits for the year 1863 levied by til
act shall be assessed and collected forthwith; On
: the taxes on incomes or profits for the year lSO
shall be assessed and collected according to the pr
visions of the tax and assessment acts Of 1868.
+ Sec. z. SO much of the tax act Of the Oath Day
April 1868, as levies tax on incomes der wed tro
property or effects on the amount value OF who
tax 10 levied BY this act and also the first sec1o
Of said act are suspended for the year 1864, and
o estimated rent hire. or interest on property
= credits herein taxed ad Valorem, shall be assesss
y or taxed as incomes, under the tax act Of 1863
g SEC 8. That the tax imposed by this act on bcne