The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-11-29
PUBLIC ACTS
AN ACT TO AMEND THE TAX LAWS
Passed at the frsts Session Of The I'd Copgrev .
aS1 p Z The alederdte States

do enact, That the 6rst second and third sec,iar.
the .Ae 10 levy additional taxes for the common sc
fence and support OF the Government, Approved lsL
February, 1864, be amended aud re-enacted SO -,
read as follows, to-wit;
Section 1. That in addition TO the taxes Ievi,d,
the "Act TO lay taxes for the defence ma y
carry the Government of the Confederate STAT.
approved April twenty fourth eighteen hundred "a
sixty three there shall be levd from the 7h dav ~
- February, 1864, the subjects OF taxation hcrciua6
mentioned aud collected from every person. conan,
: nership, association corporation liable tlsref,
taxes af follows, to-wit:
l. Upon the value of all property, real rerso,.i
and mixed, of every kind and description not herein
after exempted taxed at different rate per cent,
Provided that from the the value Of prop.ttv
employed in agriculture shall be deducted the value -
the tax in kind derived therefrom during the same
year. as assessed under the law imposing IT, and do
lvered to the Government, wheI her delivered during
the year or afterwards, including the bacon, deycra-
bile after and not prior to- the assessment Of the ar
on properly employ ed in agriculture aforcsad and
the collection OF the tax such property shall Je sut
pended after assessment under the order of the See
rotary of the Treasury until the value Of the 1.-THE la
d he deducted be asccrained, and when SO asc,r.
tanned il shall be the duty OF the post quarcrmaser
certify, and of the district collector to deduct the
value of such 1.-THE, and any balance found dine may
be paid in bonds and certificates therefor authorized
by the "Act TO reduce the currency and to authorize
a new issue of notes and bonds in like manner as
other taxes payable during the year: Provided Thai
I no credit shall be allowed beyond FIVE per cent
! H. On the value of gold and silver ware and plate
| Jewels, jewelry and watches, ten per cent.
III. The value OF property taxed under this section
shall be assessed the basis of the market value
the same, or similar property in the neghborhood
where assessed in the year 1860, except in cases
where lands, slaves, cotton and tobacco have been
purchased since the first day Of January 1862, In
which the said land, slaves, cotton and tobacco
so purchased shall be ASSESSED the price actually
paid for the by the owner; Provided That land
by refugees and held and pied by them
for their and residence, shall be assessed Ac-
cordng TO its market value in the year 1860.
Sec 2. That section second Of act entitled "Au
TO levy additional taxes for the common defence
and support Of the government, approved 18th Feb
ruary, 1854 be, and the is hereby repealed and
it is hereby declared that all the property ana assets
of corporations, associations and joint stock compa-
mics, ofevery description whether incorporated not
shall be assessed and taxed in the same manner and
10 the extent the property and assets Of indi
vduals; the tax such property and assets to be as
sessed against and paid by, such corporations
Citations and joint stock companies: Provided, That
no bank or banking company shall be liable to pay
tax upon deposites fmouey the credit Of and sub
ec TO the checks Of, others: Provided further That
the stock shares interests representing property or
assets in corporations joint stock companies, or as
soeiations shall not be assessed or taxed And pror
Ged further, That all properly within the enemy''
ires be, and the same is hereby, exempted from all
taxation so long as it remains in the enemys lines
Sec. g. That paragraph one OF section three Of nm
act entitAed "An TO levy additional taxes for the
common defence and support Of the government" APP
proved 18th February, 1864 be- and the same is, here
by amended and enacted, TO read follows:
Upon the amount all gold and silver coin, gold dust,
gold silver bullion moneys held abroad, or bills OF
exchange drawn therefor, promissory notes, rights,
credits and securities, payable in foreign countries
FIVE per cent 10 be paid in specie or Confederate ea'
sury notes Mt their value ms compared with specie ut
the time the payable the relative value Of spe
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 10 amend
an act entitled can act TO lay taxes for the de-
fen nd on he o Confederate
States,'" approved 9Th February 1894 be, and the
is hereby, amended, SO as to read as follows:
|. The income, property and money, other than
Confederate treasury notes, of hospitals, asIlums,
churches schools colleges and other charitable !ns
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 m IN tax
alton, except on the income.
III. That paragraph Sec 4 ofte act, be and the
same is hereby amended by adding thereto follows
"If any person shall fail 10 make due return as re.
qured by said section of the income profits taxed
under any law Of Congress or in case OF dshgreement
with the ASSESSOR to submit the same TO referees hs
provided by law, shall fail or refuse TO pay the tax
thereon, within such time shall be prescribed ny
public notice by the district collector, under the d.
rcction Of the Commissioner of Taxes, such person
shall be deemed and held TO be in default Provided,
such person shall not 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 or inter
ference of the enemy or the absence or neglect OF the
officers charged with the assessment aud collection %
taxes"
Sec g. That this act shall moi be so construed as TO
subject taxation corn bacon and other agricultural
products, which produced In the year 1862 and
in the possession Of the producer the l7th Of feb
1864, and necessary for the support OF himself ana
family during the present year, and from or on when
in kind have been deducted and delivered or paid
Sec. g. That section ., paragraphs and p ofhe act
approved l7th February 1894, eHied "An act to levy
additional for the common defence and support
of the Government, be amended 10 levy addi-
aIi H. nj
profits made by selling the arfices mentioned in The
said paragraphs, between the 18th day OF February,
1864, and the st day of July next, which additional
tax shall be- collected under said act.
Sec. 7. That all treasury notes OF the old Issue,
of the denomination of five dollars not exchanged for
issue prior The st day of January, 1868, and
which may remain outstanding that day, a tax OF
one hundred per cent. is hereby imposed.
See. g. That section of an act entitled IAN act
TO levy additional for the common defence and
support of The Government" approved 18th February
sea- be, and the is hereby, repealed and the fol-
lowing inserted in lieu thereof
L. That the first section Of the "Aci 10 lay taxes for
The common defence and to carry on the Government
the Confederate State5 approved gath April, 1863
is suspended for the year 1864.
ii. In all cases where tax Is leyid INCOME de-
rived from property, real personal and mixed Of every
description, on the amonnt value Of which an ad
ID from the income tax: Provided, That in case
hall less be paid than the I'D p0loreH tax.
III. In the assessment of income derived from man
mining, there shall be deducted from the
gross income or profits the necessary annual repairs,
lot exceeding ten per the amount Of the In
come derived therefr0a And. In addition To the de-
iuctons allowed by Law ia the nssesFment or In
the fol siuu hall