The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-11-15
PUBLIC ACTS
AN ACT TO AMEND THE TAX LAWS
Passed at The first Session Of the I'd Copoy,,, ,
the Confederate States

fence suppOrt GOVeTnmcnf,7 apDrovod
February 1864, be amended and re-enacted so as"
read as follows, to-wt:
! Section L. That, in addition 70 the taxes leyiedL
/ the SAC TO lay taxes Tor the common defence ana
carry the Government of the Confederate Sta,s,S
approved April twenty fourth, eighteen hundred a.
sixty three, there shall be leVid from the 7th dav ~
February 1864 the subjects OF taxation hereipsb
mentioned, and collected from every person. copar,.
nership, association corporation, liable thet,r
| taxes af follows, to-wit:
! /. Upon the value of all property real rer4oD,l
and mixed of every kind and description, not herein
after exempted taxed at different rate, per etn
Provided tha. from the tax the value Of pronsr,,
employed in agriculture shall be deducted the value ~
! the tax in kind derived therefrom during the sams
year, assessed under the law imposing IT, and DE-
livered to the Government, whether delivered during
the year afterwards, including the bacon, devtrs
bic after, and prior to- the assessment of the IA,
property cmploye ed in agriculture aforesaid: and
the collection of the sncb property shall be su,
pended after assessment, under the order Of the See
rotary of the Treasury, until tho value Of thu 1.-THE IN
be deducted can be ascertaiped, and when aseer.
ained it shall be the duty OF the post Quariermast,,
certify and of the district collector TO deduct the
value of such tithe and any balance found due NAV
be paid in bonds and certificates therefor authorized
by the "Act to reduce the currency and to authorize
q issue of notes and bonds" ia like manner IA
other taxes payable during the year: Provided That
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.
ILL., The value Of property taxed under this section
shall be assessed the basis of the market value Of
| neighb0fhOOd
where assessed in the year 1850, except in cases
where lands, slaves, cotton and tobacco have been
purchased since the first day of January. lsC2, in
which case the said land, slaves cotton aud tobacco
so purchased shall be assessed ut the price actually
paid for the same by the owner Provided That land
purchased Ivy refugees and held and by them
for their and residence, shall be assessed ae
| cordng TO its market value in the year 1860.
Sec 2. That section second of an act entitled "in
act TO levy additional taxes for the common deetce
and support of the government approved 18th Feb.
ruary lsG4 be- and the same is hereby, repeaed and
it is hereby declared, that all the property an1
of corporations, associations and joint stock compa
MICS every description whether incorporated not
shall be assessed and taxed in the same and
the same extent as the property and assets Of nd
viduals the tax such property and assets TO be as
scssed against aud paid by, such corporations, asso.
Citations and joint stock companies: Provided, That
no bank banking company shall be liable TO paya
upon deposites of money the credit Of and sub
jcct the checks of, Others: Provided further That
the stock shares interests representing property
in corporations joint stock companies
soeatons, shall be assessed or taxed: And pror-
3cd further That all property within the cnemy's
liues be, and the same is hereby exempted from all
taxation so long as it remains in the enemys lines
Sec. 3. That paragraph of section three Of
entitled "An act to levy additional taxes for the
common defence and support of the government ap
proved 18th February, 1864 be, and the is here
by amended and enacted 10 read Rs follows.
Upon the amount OF all gold nd silver coin gold dust,
gold silver bullion, moneys held abroad or bills Of
exchange, drawn therefor, promssory notes, rights,
credits and securities payable in foreign countries,
five per cent to be paid in specie or Confederate ea
surv notes at their value compared with specie
the time the payable; the relative value Of spe
Gle and Confederate treasury notes for the purpose Of
yment under this act TO be fixed by regulations to
be prescribed by the Commissioner Of TnXes, under
the direction of the Secretary of the Treasury.
Sec. A. That section sixteen Of the "Act to amend
an act entitled AN act lay for the de.
fence and carry the Government of the Confederate
Staes'' approved Nth February, 1864, be, and the
same is hereby. amended, as to read rs follows:
| tn" income, property and money other than
CoufcdcIule treasury notes, Of hospitals, asyums,
churches schools, colleges and other charitable nsti
tions, shall be exempted from taxation under the pro-
visions Of this act or any other law The property OF
companies formed under the net entitled AN act to
establish volunteer navy" shall be exempt Et III tax
alton, except the income.
H. That paragraph of the act be and the
same is hereby amended by adding thereto follows
"If any person shall fail 10 make due return, as re-
quired by said section, of the income profits taxed
under any law of Congress- in Of disagreement
with the assessor to submit the same TO referees as
provided by law, shall fail refuse pay the tax
thereon, within such time shall be prescribed by
public notice by the district collector under the d
rection of the Commissioner Of Taxes, such person
shall be deemed and held 20 be in dciauE Provided
such person shall not be deemed and held 10 be in de-
fault, who may fail, or has failed 10 make payment or
due returns in consequence Of the presence inter
ference CT the enemy, the absence neglect of the
officers charged with the assessment and collection OF
taxes"
Sec 5. That this act shall not be so construed as 10
subject to taxation corn, bacon and other agricultural
products, which produced in the year 1868, and
in the possession of the producer the 18th OF Feb
1864, and necessary for the support Of himself ana
family during the present year, aud from on which
taxes in kind have been deducted and delivered paid
Sec G. That section paragraphs and 2, ofihe act
approved 18th February, sea- entitled AN act TO levy
additional taxes for the common defence and support
of the Government, be so amended TO levy add.
tiOnal tax Of thirty per cent. upon the amount OF all
profits made by selling the arlices mentioned in the
said paragraphs. between the i7ih day Of February
1864 and The 81 day OF July next, which additional
tax shall be collected under said act.
Sec. T. That all treasury notes Of the old issne
of the denomination of five dollars, not exchanged Tor
issue prior TO the LIST day Of January, 1865, and
which may remain outstanding on thai day, tax Of
one hundred per cent. is hereby imposed
Sec. g. That section seven OF an act entitled IAN act
levy additional taxes for The common defence and
support of the Government" approved 18th February
1864 be- and the is hereby repealed and the fol-
lowing inserted ia lieu thereof
l. That the first section Of the "Aci TO lay taxes for
the common defence and TO carry on The Government
of the Confederate States approved gath April 1868,
is suspended for the year 1864.
III. Ia all cases where tax is levid income de-
rived from property, real personal and mixed of every
description, the amount value Of which an od
UdiOra is laid the Gd gdiorem shall be deduct
ed from the income tax: Provided, That IN no case
shall less be paid than the Gd DaioJeH tax.
III. In the assessment Of income derived from man
mining, there shall be deducted IRON me
gross income profits the necessary onb"Ai repairs
not exceeding ten ner cent Onthe amount OF Tie IN
come derived ,bcrefr.m And. in addition to the de-
ductons now allowed by law in The assessment OF IN
comes derived from any source, The following SHAH be
De namely, The Confederate taxes actually paid by
the owner on sales made by him and the commissions