The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-10-11
An Act to provide transportation in kind in certain
cases to members and delegates in Congress.
THE NEW TAX BILL.
an Act to lag additional tares for the common d
fence and support Of the GovcTnment.

fence and support ofMe GoveTnment.
Sec. L. 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 9th of April, 1868,
there shall De levied, from the passage of this act,
the subjects of taxation hereafter mentioned and
collected from every person. co-partnership, assoc
citation corporation liable thereto, taxes fol-
lows, to- wit:
l. Upon the value of property, real, personal and
mixed of every kind and description. not herenaf
ter exempted taxed at a different rate five per
cent Provided, that from this tax the value of
property, employed in agriculture, shall be deduct
cd the value of the tax in kind delivered therefrom
as assessed under the law imposing it, and 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.
HI. 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
borhood where assessed in the year 1860 except in
eases wher3 land, slaves, cotton or tobacco have
been purchased since the 1st day of January, 1862
in which the said land, slaves, cotton and to-
bacco so purchased. shall be assessed at the price
actually paid for the same by the owner.
Sec 2 On the value of all shares interests held
in any bank banking company or association, canal,
navigation, importing, exporting insurance, manu-
facturing telegraph express, railroad, and dry dock
Companies. and all other Joint stock companies of
every kind, whether incorporated or 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 neghborhood where assessed
in such currency may be in general there, in
the purchase and sale of such property, at the time
! of assessment
Sec 3. |. 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 per cent; and upon all moneys held abroad or
upon the amount Of all bills of exchange, drawn
therefor on foreign countries, tax of five per cent?
such tax upon money abroad to be assessed and col
lected according to the value thereof at the place
where the tax is paid.
H. Upon the amount of all solvent credits. and
of all bank bills and all other papers issued
rency 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 H. Upon profits made in trade and business,
as follows:
l. On all profits made by buying and selling spir-
ituous liquors. flour, wheat, corn rice, sugar.
Ia~scs syrup, salt, bacon, pork. hogs, beef or
beef CATTLE sheep. oats hay. fodder hides
leather, horses mules boots, Shoes, cotton yarns
WOOL WOODEN, cotton or mixed cloths. hats wagons
harness, coal. IRON steel nails, at any time be-
tween the st of January, 1868 and the st January
1865, ten per cent, addition to the tax on such
profits as income under the act to lay for the
common defence and carry the Government of
the Confederate States approved Aprl 24th 1861
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 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 years 1868
and 1861, by any bank banking company, ilsu-
rance, canal, nav CATION, importing and exporting
Telegraph, express. railroad, manufacturing dry
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-wit:
I. Property of each head of furniIy to the value
Of five hundred dollars and for each minor child of
the family to the further value of one hundred dol
lars: and for each actually engaged in the army
navy, who has died been killed in the mill
tary naval service, and who a member of the
family when he entered the service, to the further
value Of five hundred dollars.
II. Property of the widow OF any officer, soldier
sailor marine. who may have died or been killed
in the miiaryzor naval service, 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 OF
marine, actually engaged in the military or naval
service of such as have been disabled in such ser
vice. to the value of thousand dollars; provided
that the above exemptions shall not apply to any
person, whose property. exclusive of household fur
nturc, shall be assessed at a 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