Brownlow's Knoxville Whig, and rebel ventilator. [volume] (Knoxville, Tenn.) 1863-1866, 1864-03-12
synopsis OF the Rebel Tax Bill.

The TAG Bill leyios an addition TO th,
taxes levied by the act or ftril gath, 1869
MS follows -
Section J. Upon the value Of roal personal, ant
mixed property OF every kind and description, or
cepi TIE exemptions hereafter 10 be named i've pc
cent the YAK levied on property employed In agri
| kind
On gold and silver wares, plate, jewel, ant
watches, ten per cent,
Tho tax 10 be levied, on the value Of property IN
1900 except IN the case Of land slaves, cotton and
tobacco, purchased since January lst, 1852, upon
which tho tax shall he lowed on the price paid.
Section 2, tax Of live per cent on the value OF
Al shares In Joint stock companies Of any kind
whether incorporated or not, The shares Ia be val
ucd ri their market value ut the time Of asses
Inrut.
Section 3, Upon the market value Of gold and
s'lFtr CON or bullion five per cent; also the same
upon moneys held abroad, or all bills Of exchange
drawn therefor
tax Of five per cent, on all solvent credits, anl
on all bank bills and pnpgr used AS currency except
non-intcret bearing Confederate 1n.g,ury notes.
ana not employed IN registered bu.iuss,, tax
twenty-five per cent.
Section A. Profits in trade and business taxed rs
tullows 80
On the purchase and sale Of agricultural pro-
",
uary list, 1858, TO January l,t 1850 ten per cent IN
addition 10 the tax under the act Of April "a, SGD.
Inc same on the purchase and sale of coin cr-
chang' stocks noes and credits Of any kind and
any property not included in the foregoing,
On the amount of profits exceeding twenty-five
per cent, Of any bank, banking company, or joint
stock company Of any description, Incorporated or
not twenty-five per cent. ou such excess.
Section ., The following are exempted from tsi.
atom
Five hundred dollars worth of property for each
hcui If family, at,il hundred dollars additional
for each minor child; and for each son in the
army or navy or who has fallen in the service
and member Of the family when he enlisted, the
further sum Of five hundred tcllais
one thousand dollars of the property OF the
widow or minor children of any officer soldier,
sailor or marine who has diod IN the scr-icc.
like amount of property Of any ohitcr soldier,
sailor or marine engaged IN the scryicc, or who has
been disabled therein, provided said property, cx-
elusive Of furniture does not exceed in value one
thousand dollars.
When property hns been injured or DESTROYED Icy
the enemy, or the owner unable temporarily 10 use
or occupy by reason of the presence proximity
OF the enemy the assessment muy be- reduced in
proportion TO the damage sustained bv the owner.
and The tax IN the same ratio By the District Col
ector.
Section c. The taxes on property for 1864 TO be
assessed MS on the day of the passage Of this act,
and collected the lSt of dune next with ninety days
extension west Of the Mississippi The additional
tax ON incomes or profits for 1863 to be paid forth
with the tax on incomes, &c, for lsGt to be col
lccted according to the acts of 1863.
Section :. Exempt> from tax on income for 1854
all property herein taxed 1d y0i,acm. The tux on
Confederate bonds in no casa To exceed the interest
payable on the same, and said bonds exempt from
tax when held by minors or mnatcs, if the interest
do not exceed one thousand dollars