The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-06-28
"a



an act to lag additional tares for the common de-
fence and support ofhe Government.
Sec |. The Congress of the Confederate States
of America do enact, That in addition to the taxes
levied by the 'act to lay taxes for the common de-
fence and to carry on the Government of the Con
federate States,' approved 2lth Of April, 1868
there shall be levied, from the passage of this act,
on the bjects of taxation hereafter mentioned aud
Collected from every person. par tnerohip, asso-
citation corporation liable thereto, taxes fol
lows, to wit:
+ I. Upon the value of property. real personal and
mixed, of every kind and description not hereinaf
ter exempted or taxed at different rate, five per
cent; Provided. that from this tax on the value of
property employed in agriculture, shall be deduct
ed the value of the tax i'll kind delivered teretron,
assessed under the law imposing it. aud 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. jewelry 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 same similar property in the neigh
borho0d where assessed in the year 1860 except in
cases wher5 land slaves. cotton or tobacco have
been purchased since the lst day of January, 1862,
in which the said land, slaves, cotton and to =
bacco purchased. shall be assessed at the price
actually paid for the same by the owner.
Sec 2 On the value Of all shares or interests held
in any bank, banking company or association, canal,
navigation. importing, exporting, insu ance, manu-
featuring, telegraph express, railr0ad and dry dock
companies. and all other joint stock companies of
every kind whether Incorporated not, five per
cent.
The value of property taxed under this section
shall be assessed upon the basis of the market value
of such property in the neighborhood where assessed
IN such currency may be in general use there, in
the purchase and sale of such property, at the time
OF assessment.
Sec 3. I. Upon the amount of all gold and silver
coin gold dust gold or silver bullion, whether held
by the banks or other corporations individuals,
five PEI cent; and upon all moneys held abroad,
upon the amount of all bills of exchange, drawn
therefor on forc gn countries tax of five per cent
such tax upon money abroad to>be assessed and col
leccd according to the value thereof at the place
where the tax.is paid.
H. Upon the amohnt of al solvent credits. and
OF all bank bills, and ali other papers issued
rehcy exclusive of non interest bearing Confederate
treasury notes, and not employed in a registered
business the income derived from which is taxed.
five per cent.
Sec 4. Upon profits made in trade and business
follows:
l. On all profits made by buying and selling spir-
ltu0os liquors. flour, wheat, corn, rice, sugar
iasses or syrup. salt, bacon, pork. hogs, beef or
beef cattle, sheep. oats. hay. fodder, hides,
leather, horses, mules. boots, Shoes, cotton yarns,
wool "ooen, cotton or mixed cloths. hats. wagons,
harness, coal iron. steel nails, at any time be-
tween the ist of January 1868. and the st January
1865, ten per cent, in addition to the tax na such
profits income under the s'uct lay taxes for the
couiHi"n deIence. ana carry on the Government of
the Confederate States approved pril gath 1863.
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 per cent, in addition
to the tax on such profits income, under the act
aforesaid.
III. On the amount Of profits exceeding twenty
five per cent. made during either of the wears 1864
and 1861. by any bank or banking company insu-
rance, CANAL navigation, importing aud exporting.
telegraph, express. railroad manufacturing. DIV
dock. or other joint stock company of any descrip-
ton. whether incorporate not, twenty five per
cent such excess.
Sec 5. The following exemptions from taxation
under this act shall be allowed. to-yvit:
|. Property of each head of a family to the yalne
of five hundred DOLLARS and for each minor child Of
the family to the further value Of hundred dol
lars; and for each actually engaged in the army
or navy. or who has died or been killed in the mill
tary naval service, and who was a member of the
family when lie entered the service. to the further
value Of five hundred dollars
II. Property of the widow of any officer soldier
sailor or marine. who may have died been killed
in the military naval service, or where there is
widow. then of the family, being minor children
to the value of one thousand dollars.
III. Property Of every officer, soldier. sailor or
marine, actually engaged in the military or naval
service. of such as have been disabled in such ser
vice. to the value of one thousand dollars; provided
that the above exemptions shall not apply to any
person, whose property exclusive of household fur
niturc, shall be assessed at value exceeding one
thousand dollars.
", That where property has been injured or de-
stroyed by the enemy, the owner thereof has
been temporarily deprived of the use or occupancy