The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1864-02-24
TIE NEW TAX BILL.

States OF .1nlertc0 40 enUCI, Ihai III auut7
ton to the taxes levied by the {" act TO lay
taxes for the common defence and to carry
on the Government Of the Confederate
States" approved oath OF April. 1865.
there shall be levied from the passage oil
this act. on the subjects of taxation here
after mentioned, aud collected from every
person, copartnership, association or cor
poration liable therefor, taxes as follows,
to wit:
i. Upon the value ofproperty, real, per-
sonal aud mixed. of every kind and descrlp-
tioa, not hereinafter exempted or taxed al
a different rate. five per cent; Provided,
That from this tax on the value OF proper
" employed III agriculture shall be deduct
Cd the value ot the tax in kind delivered
thpreirom, as assessed unier the law i'm
posing it. and delivered to the Govern
ment; Provided, That no credit shall be
allowed beyond five per cent.
II. On the value Of goldand silver wares
and plate, jewels, and watches, ten per
cent.
Ill. 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 assess.
ed N the year 1860. except IN the cases
where land, slaves. cotton. or tobacco have
been purchased since the lst day Of Janna.
nv, 1862, ia which case the sid land.
slaves, cotton. aud tobacco so purchased.
shall be assessed al the price actually paul
lor The same uy the ownsr.
SEc. ?. On the value OF all slaves or IN
terests held IN any bank. banking company
Or association, canal. navigation, lmPnft.
ing, exporting, insurance., manufacturing
telegraph, express, railroad, aud iry -doeA
companies Of every sind. whether lncorPo.
rated or not. hye per cent.
The value OF property taxed under III,
section shall be assessed upnn the bass u
the market value of such property n ~
neighborhood where assessed, IN such cur.
reucy a. may b. in general u,e there, 4
the purchase and sale Of such properly. j
the time of assessment.
SEC. ; /. Upon the amount Of all cot
and silver coin. gold dust, gold Or ,tissI
bullion. whether held by the banks az othet
corporations. Or Individuals, five PEI cent.
aud upon ali moneys held abroad, u apo
the amount If ali balls Of exchange drawl
therefor on foreign countries. tx y ~
per cent. such tax uPan none! abroad 7
be assessed and collected according 10 In
value thereof Al the place where the III i
paid.
III. Upon the amount Of all solvent Gre
dts. add Of all bank bills, snd al. other n
pers issued Is currency. exclusive ~ non
lnlerestbearIns Confederate treasury note,
and not employed ina registered business
the income derived fsoM which i, take,
i've per cent.
/ sac. 4. Upon profits made 10 trade an
business a. follows:
4 l. On all profits made by buying an
selling splri,uaus liquors, iour. wheat
corn, rice, sugar. molass,s Or syrup. al,
bacon, pork. hog>, heel, or beet cattle
sheep. oats. nay, fodder. raw hides. leather
horses. miles, bogts, shoes. Gotten yarns
: WOOL, WOODEN. cotton or mixed cloths, hats
Wagons, harness, coal. iron, steel, or nail,
Ii my time between the Irst ii Januaty
1865, aud the iiest Of January. 1865, trl
per cent. in addition 10 The tax on sue
J Iproiits a. income under lar act IL il,
. taxes Tor the eommpn defence, aud carry OF
tire I,o,esnment Of the Confederate States.
approved April 9TH, ls6S.
Il II. Oh all pIofi.s made by buying en-,
selling money. god. s,yel, foreign sx
, lcnansr, steC.s. nDtcs, debts. credits, o. d
legations Of any kind. and any mercban
dlLr, prunts Or el!Scts Of any kind, no
enumerated II tie preceding paragraph
between the times named therein, ten be
. cent, in.addition TO tax on such profits a
income, under the act aforesaid.
Ill. On the amount Of profits excsedin
twenty per cent. made either Of IN
years 1868 and 1864, by any bank or bank
ing company, insurance, canal. navigation
Importing and exporting, telegraph, rr