Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1864-02-26
The tax Bill.
N ACT, TO LAY ADDITIONAL TAxBs ron -rE
oom.,soN DRTENcs AND SUPPORT o. THE
anVERNMENT -.

N ACT, TO LAY ADDITIONAL TAXES foR -EE
con.,soN pRFENcE AND SUPPORT OF THE
GOVERNMENT
Sec. i. The Congress. ofths :, Confederate
State. of America, do enact: That IN ad-
dition to the taxes levied by the "a" 70 lay
taxes fer the common defence and to cal..vv
on the Government of the Confederate
States" approved Oath of April, 1862,
there shall be levied from the passage # this
act, on the subjects of taxation hereafter
mentioned, and collected from every person,
partnership. association or corporation,
liable therefore, ssxes as follows, to wit
/. Upon the value of property, real, per-
sonal and mixed, of every kind and dascrip-
tionr not hereinafter exempted or taxed at
a different rate. Eve per cent. Provided,
That from this tax on, tie value ,ofprcperty,
employed in agriculture, shall be. declared
the value Of the tax in kind delivered there
from, as assessed under the law imposing
it, aud delivered to the Government Pro-
uided, That no credit shall be allowed be-
yond FIVE per cent.
II. On the value Of gold and silver wares
and plate, jewels, jewelry. and watches, ten
per cent
III. The value Of property taxed under
this section shall be assessed on the basis Of
the market value of the same, or similar
property in the neighborhood where assessed
in the year 1860, except in cases where
purchased siuce the 1st day of January,
1862, i'll which case the said land, slaves,
cotton and tobacco SO purchased, shall be
assessed at the price actually paid for the
same by the owners.
Sec 2. On the value Of all shares or in
terests held in any bank, banking company
or association, canal, navigation, importing
exporting, insurance, manufacturing, telo-
graph. express, railroad and dry dock COM
panies and all other joint stock companies
Of every. kind, whether incorporated or not,
five per cent.
The value Ct property taxed under This
section shall be assessed upon the basis Of
the market value Of such property in the
Inelghborhood where assessed, in such cur
rency as may be in general use there. Ia the
purchase and sale of such property, at the
time of assessment.
Sec 8 |. Upon the amount of all gold
and silver coin, gold dust, gold or silver
bullion, whether held by the banks or other
! corporations or individuals, Eve per cent
aud upor. all moneys held abroad. or upon
the arlount of all bills Of exchnngc, drawn
| ther 4ore on foreign countries, tax of f7e
RS cent; such tax upoh money abroad to be
!, assessed and collected according to the value
thereof at tho place where the tax i.
paid.
II. Upo,n, the amount 81 of Ill solvent
credits, and of all bank bills. and all other
papers issued as currency, exclusive of non
interest bearing Confederate treasury notes,
Ind not employed in registered business,
) the income derived from which is taxed,
Ave per cent.
Fec 4 Upon profits made in trade and
business. as follows:
I. On all profits made by, buying and
selling spirituous liquors, Hour, wheat, corn
f'5e, sugar. molasses or syrup, salt, bacon,
pork, hogs, beef or beef cattle, sheep, oats,
] hay, fodder. raw hides, leather, horses,
mules, boots, shoes, cotton yarn, wool, wool
en-, cotton or mixed cloths, hats, wagons.
h,rness, coal, iron, steel Or nails, at any
! tine between the Erst of January, 1868,
and the frst Of January, 1865, ten per cent,
10 addition to the tax on such profits as in
come under. the ''apt to lay taxes for the
common defence, and carry or the Govern
lSert Of the Confederate States." approved
april oath, 1868.
II. On ali profits made by buying and
selling money, gold, silver, foreign ex-
change, stocks, notes, debts, credits, OF OBJ
legations of any kind, and any inerohsdise,
property or effects ofany kind, not enumer-
afed in the preceding paragraph. besasen
The times named therein, ten per cent, Ii
addition to the tax on such PROFITS as income,
under the act aforesaid.
+, III. On We amount Of profits exceeding