The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-09-20
PUBLIC ACTS
AN ACT TO AMEND THE TAX LAWS.
Passed at The first Session Of he I'd Congye..
The Confederate States.

fence and support Of the Government" approved liza
February, 1864, be amended and re-cnacied SO a.,
| read as Follow, to-wit:
| Section L. That in addition 20 the taxes leyicJ,
the "Act 10 IS taxes FOR the common defence and -
carry on the Government of the Confederate State
approved April NV eRty- fourth, eighteen hundred a.
sxty-three there shall be leyid from the I7th day ~
February, 1864, the ubjects of taxation here!nab
mentioned, and collected from every person copn,
nership, association corporation, liable thefe,,
taxes at follows, to-wit
! |. Upon the value of all property real, personal
and mixed of every kind and description, not herein
after exempted taxed at different rate, per CEN
Provided, that from the The value Of pTupett,
employed in agriculture shall be deducted the value n
the tax in kind derived therefrom during the sam.
year as assessed under the law imposing il, and de,
Ivered to the Government, whether delivered duru,
the year afterwards, including the bacon deliver,
bic AFTER and prior to- the assessment Of the tar
on properly employed in agriculture aforesaid: ana
the collection of the such properly shall be ut
pended after assessment under The orI,r of the Sec
rotary of the Treasury. until the valuc Of IA tLe a.
be deducted can be asccrtaincd, and when so a,cr,
tanned, ii shall be TIE duty OF the post quarcrn,,r
to certify and OF the district collector deduct tho
value I-sysh tithe and any balance found due may
be paid in bonds and certificates therefor
10y the 'Act TO reduce the currency and 10 authorize
n new issue OF notes and bonds IN like manner n,
other payable during the year: Provided That
no credit shall be allowed beyond five per cent
il. On the'value Of gold and silver and plate
jewels, jewelry aud watches, ten per cent.
Ill 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 neghborhood
where assessed, in the year 1890, except in cases
where lands, slaves, cotton and tobacco have been
purchased since the first day of January 1852 in
which the said land, slaves and tobacco
purchased shall be assessed at the price actual,
paid for the same by the Provided That land
purchased by refugees and held aud occupied by them
for their and residence, shall be assessed
cording 10 its market value in the year 1860.
Sec. 2. That section second of act entitled Gan
levy additional taxes for the common defence
and support of the government approved 18th Feb
ruary 1864 be, aud the is hereby, repealed and
it is hereby declared that all the property AMI
of corporations, associations aud joint stock compa
MES every descriptions Wheeler incorp not
shall be assessed and taxed in the same manner aud
the extent, the property aud assets of nd
viduas; the tax such property aud assets TO he
sesSed against, aud paid by, such corporations assoc
Citations and joint stock companies; Provided That
no bank banking company shall be liable to payA
tax upon dcposies OF money TO the credit Of aud sub
ject to the checks Of others Provided further, That
the stock shares interests, representing property
assets in corporations or joint stock companies or as
sOciations shall not be assessed or taxed: Aud prov
ced further, That all property within the eucm!s
lines be, and the same is hereby, exempted from all
taxation long it remains in the enemy'S lines.
Sec. B. That paragraph OF section three Of an
act entitled "An act to levy additional taxes for the
common defence and support Of the gOvcJumeEip np-
proved 18th February 1864 be- and the u.s. here
by amended and e. enacted as TO read follows
Upon the amount OF all gold and silver coin gol Dust
gold or silver bullion moneys held abroad bills Of
exchange, drawn therefor, promissory notes, rights
credits and securities paysble in foreign countries,
five per he paid in specie, Confederate rea
sury ut their value, compared with specie Al
the tine the tax payable; the relative value OF spe'
Gle and Confederate treasury notes. for the purpose u
payment under this act to be fixed by regulations n
be prescribed by the Commissioner Of TaNes, under
the direction Of the Secretary Of the Treasury.
See 4. That section sixteen of the "Aet TO amend
entitled An to lay taxes for the common de-
fence and curry the Government Of the Confederate
States" approved l7th February, 1894 he, and tho
= tgr. Id In, Il lpllp
l. The income, property and money, other than
Confederate treasury notes, Of hospitals usylums,
churches schools, colleges and other charitable u.1i
TONS shall be cZcul ted from taxation under the pro.
visions OF This act, any other law. Tie property OF
companies formed under the act entitled IAN act 10
establish Volunteer navy" shall DC exempt e. ~ taA
alton, except on the income
H. That paragraph 6. sec. l. ofhc act be md Tho
same is hereby amended by adding thereto ns follows
"If any person shall fail 10 make due retnrn as re.
quired by said section of the income profits taxed
under any Law OF Congress, in case Of Disagreement
with the assessor TO submit the same 10 referees a.
provided.by law shall fail refuse pay the Tar
thereon, within such time as sLall be prescribed y
public notice, by tie district collector under Tie a''
rection Of the Commissioner Of Taxes, such person
shall be deemed and held to be ia default: Provided
such person shall not be deemed and held 10 be 10 De-
fault, who may fail, has failed TO make payment OF
due returns, in consequence Of the presence or lnr
ference of the enemy the absence or negect OF iu
officers charged with the Assessment and collection o.
taxes"
Sec 5. That this act shall not be construed as 70
subject to taxation corn bacon aud other agricultural
products, which were produced in tire year 1903 ana
in the possession of the producer on the 7ih Of req
1864, and necessary for the support Of bimteH ana
family during the present year, and from on whie6
in kind have been deducted and delivered or pau
Sec 6. That section !, paragraphs and 2, ofiLeac
approved l7h February 1864 entitled IAN act 10 iey
additional taxes for the common defence and support
of the Government be amended rs 10 levy an ad'.
tional tax of thirty per cent upon the amount OF an
profits made by selling the articles mentioned IN the
said paragraphs. between the TIA day Of February
1894 and the LIST day OF July next, which additohN
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 io
new issue prior 20 the LIST day Of January 1862 ana
which may remain Outgtandirg on that day, q i"A "
one hundred per cent. is loreby imposed
Sec. g. That section seven Of an act eniitfd an az
TO levy additional taxes FIR the common dr'tHte Auu
support Of the Government" approved I7tL February
1904, be, and the IL hereby, repealed ana Le ~
ing inserted in lea thereof:
T. That 'he first section of the Aci to lay taxes io
the common defence aud 70 carry tie Govcrnmta'
of the Confederate States" approved Gath April 1907
is suspended for the year 1854.
II. In ali where "a tax is leyid income de-
rived from property real, personal ana mixed o ever!
desert Pliou, the amount value Of when an 90
UuLoreH tax is laid, the Gd U0ioTena tax sbaH Oe p
ed from the income tax: Provided, That ~ "' '"''
shall less be paid than the ad p0tOTe7 tax -,
III. IN the assessment of income dfr'sa u n'a ~,
ufActuring mining. there EbaI De n'u 49,, -,
gross income or profits the hrcessiy "nu"I ,eP"t''
moi rxreeding ten ner cent the hn1""nt o. ihr IN
come derived therefrOm. And, IN auuii"' w l"s uo-
ductions nov, allowed By law 10 ihe hssesr'" o. ~
comes derived auy source the i"''""uH 500, 20
- A uU