The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-08-23
PUBLIC ACTS
Passed at the first Session Of the I'd Congress Of
the Confederate States.
AN ACT TO AMEND THE TAX LAWS

Inc Congress OF the Confederate States of America
do enact, That the first second and third sections Of
the Act to levy additional taxes for the common de-
fence and support of the Government approved 18th
February 1884, be amended and re-enaced, SO as 10
read as-follows, to-wit;
l. Section /. That, in addition to the taxes lev;ed h.
the "Act to lay taxes for the common defence aud 70
carry on the Government of the Confederate States
approved April fourth, eighteen HUNDRED ana
three there shall be levid from the nth dav 81
February, 1864, the subjects of taxation hereuser
mentioned, and collected from every person, copart
nership, association or corporation, liable therefor
taxes at follows, to-wit:
l. Upon the value of all property, real, Personal
and mixed, of every kind and description, not herein
after exempted taxed at different rate, per cent
Provided, that from the tax the value of proper
employed in agriculture shall be deducted the vaue NJ
the tax id kind derived therefrom during the sam,
year. as assessed under the law imposing it, and de-
livered to the Government, whether delivered DURING
the year afterwards including the bacon delivera
BILE after and not prior to, the assessment of the lar
property employs in agriculture aforesaid and
the collection of the such property shall be sus
pended after assessment under the order of the Sec
rotary of the Treasury until the value of the 1.-THE TO
be deducted can be ascerained, and when so ascer-
tanned it shall be the duty OF the post quarermaser
to certify and of the district collector deduct tho
value of such 1.-THE, and any balance found due may
be paid in bonds and certificates therefor authorized
by the "Act to reduce the currency and to authorize
new issue of notes and bonds in like manner as
other taxes payable during The year: Provided That
credit shall be allowed beyond Eve per cent
II. 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 of
the same, or similar property in the neigbborhood
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
purchased shall be assessed at the price actually
paid for the same by the owner: Provided, That land
purchased by refugees and held and occupied by them
for their and residence shall be assessed
cording to its market value in the year 1860.
N 20
act to levy additional for the common defence
and support of the government" approved 18th Feb
ruary, 1854 be- and the same is hereby, repealed and
it is hereby declared that all the property
of corporations associations and joint stock compa-
MES, of every description, whether incorporated not
shall be assessed and taxed in the manner, and
the extent the property and assets of indi
vduals; the tax such property and assets 10 be
sessed against and paid by such corporations asso
Citations and joint stock companies: Provided, That
no bank or banking company shall be liable to pay =
upon deposites of money to the credit of and sub
ject the checks of others: Provided further That
the stock shares interests representing property
assets in corporations joint stock companies or as
soeatons shall not be assessed taxed And proyi-
6ed further, That all property within the enemys
lines be- and the same is hereby exempted from all
taxation long as it remains in the enemy's lines
Sec 3. That paragraph of section three Of nm
entitled Gan act to levy additional taxes for the
common defence and support of the government, ap-
proved eth February, 1864 be- and the same is here
by amended and re-enaeted, so as to read as follows
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 to be paid in specie or Confederate trea
sury notes their value compared with specie At
the time the payable the relative value of
and 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 to amend
AN act entitled AN act to lay for the de-
md Out he
States'" approved nth February, 1854, be, and the
same is hereby, amended so as TO read as follows:
l.. The income, property and money, other than
Co Moderate treasury notes, of hospitals, asyums
churches schools colleges and other charitable :ns
tons shall beexemped from taxation under the pro-
visions of this act any other law The property OF
companies formed under the act entitled Gan act to
establish volunteer navy" shall be exempt f!c tax
alton, except on the income.
H. That paragrap phi T. the act be and the
same is hereby amended by adding thereto as follows:
"If any person shall fail to make due return,
qured by said section of the income profits taxed
under law of Congress- or in case OF disagreement
with the assessor to submit the same 10 referees as
provided by law shall fail or refuse TO pay the tax
thereon within such time shall be prescribed by
public notice, by the district collector under the di-
rection 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 fall has failed to make payment
due returns in consequence of the presence or inter
of the enemy, the absence neglect of the
officers charged with the assessment and collection OF
taxes"
Sec. s. That this act shall not be construed as 10
subject taxation corn bacon and other agricultural
products, which produced in the year 1862 and
in the possession of the producer the 18th of Feb
1864, and necessary for the support of himself and
family during the present year, and from which
taxes in kind have been deducted and delivered paid
Sec 6: That section a. paragraphs and 2, ofthe act
approved 18th February 1884, entitled Gan act to levy
additional for the common defence and support
of the Government, be amended TO levy addl-
tional tax of thirty per cent. upon the amount OF All
profits made by selling the articles mentioned in the
said paragraphs between the 9Th day of February,
1864, and the LIST day of July next which additional
tax shall be collected under said act.
Sec. T. That all treasury notes Of the old issue,
of the denomination of FIVE dollars, not Exchanged ior
issue prior to the LIST day of January, 1862 ana
which may remain outstanding on that day, tax OF
hundred per cent. is hereby imposed.
Sec. g. That section Of an act entitled An act
levy additional taxes for the common defence ana
1854 be, and the is hereby repealed and the fol-
lowing inserted in lieu thereof
l. That the first section of the "Act to lay taxes for
the common defence and to carry on tue Government
of the Confederate States approved gath April 1863,
is suspended for the year 1864
H. In all cases where a tax is levid income de-
rived from property, real personal and mixed of every
description, the amount or value OF which an dd
vaore is laid the dd r0lorem tax shall be deduct
ed from the income tax: Provided, That in no case
shall less be paid than the dd UaloTem tax
III. In the of income derived from man
ufacturng mining there shall be deducted from the
gross income profits the necessary annual repairs,
not exceeding ten per cent the amount Of the in
come derived tberefrOm And in addition to the de-
ductons now allowed by law IN the assessment OF in
comes derived from any source the ioIo"ing sna be
made namely: The Confederate taxes actually paid by
i Iann Hw,asa