The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-06-21
TIE NEW Tax BILL.
n Act to lag additional tarcs for the common d
fence and support Of The GoucrnmenL.

in act to lag additional tarcs for the de-
fence and support Of The GovcrnnaenL.
Sec. l. The Congress of the Confederate States
OF America do enact That in addition TO he taxes
levied by the "act to lay taxes for the de-
fence and to carry on the Government Of the Con-
federate States,' approved 9th of April, 1868
there shall De levied, from the passage of this act
the hiects Of taxation hereafter mcntioncd and
collected from every person, partnership, asso-
citation or corporation, liable thereto, taxes fol-
lows, TO wit:
I. Upon the value Of property, real, personal and
mixed, of every kind and description. not herinaf-
ter exempted tax I'd different rate, five per
cent Provided. that from this tax on the value ol
property, employed in agriculture shall ke deduc5-
ed the value OF the tax in kind delivered herefrom,
assessed under the law Imposing it. and delivered
to the Government: Provided, that no credit shall
be allowed beyond FIVE per cent.
II. On the value Of gold and silver wares and
plate. jewels. jowelry and Watches ten per cent.
III. The value of property taxed under this sec
ton shall be assessed the basis of the MARKET
value of the similar property i'll the neigh
borhood where assessed in the year 1850. except III
cases wher5 land. slaves. cotton or tobacco have
been purchased since the lst day of Janea:y 1862,
in which case the said land, slaves. cotton and to-
bacco so purchased, shall he assessed at the price
actually paid for the same by the owner
SEC 2. On the value of all shares interests held
IN any bank, banking company or association, canal.
navigation, importing, exporing insurance. manu-
tacturng telegraph express, railroad and dry dock
every kind whether incorporated or not, five per
cent
The value of nronprtv taxa1 nn1er This saatior
shall hn assessed pono thu b,.i Of to ,parl vol,n
of such property il the where assessed,
in such currencv as NAV be in ncnerai nso thcra in
the purchase and sale Of such nronertv at the time
Of assessment,
So I-no,, +bo o,,r,.+ f Ill .,1 o,5 :1o
coin pold dnst cold or Silver hnll;on whether held
5y the banks or other cornorHtions o,-ind;vi5f7as
five Der cent: and mon all n1o,geys held abroad or
upon the amount Of all bills of cxchannc drawn
therefor ON foreon cri,ntres tax of five npr cent.
such tax upon money abroad to be assessed and col
lectcd accord;np to the vaIue thereof at-Ln nloce
who're tho +ox - n,;I
II. Upon the amount of all solvent credits. and
Of all bunk bills, and all other papers issued as
rency exclusive Of non Interest bearing Confederate
treasury notes and not employed in a registered
business the income derived from which is taxed
h'e per cent.
Sec 1. Upon profits made in trade and 5,lsin ass,
as follows:
T. On all profits made by huying and selling sI,ir-
ituous liquors. -four wheat, corn, rice sugar. mo-
iasSes or syrup. salt, bacon, pork hogs beef or
beef cattle, sheep. oats, hay. fodder raw bidps,
leather, horses, mules. boots Shoes cotton yarns.
wool wooen, cotton or mixed cloths, hats wagons,
harness. coal iron. steel ar nails, at any time be-
tween the lst Of january. 1868 and the It January
1865 ten per cent in addition to the fax ON such
profits as income under the act to Law taxes for the
common defence and carry on the Government of
the Confederate States" approved April gath 1868
money gold silver foreign exchange. Stocks, notes,
debts credits or oblioations of any kind and any
merchandise, property or effects of any kind net
enumerated in the preceding paragraph, betyveei,
the times named therein. ten per cent, in addition