The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-08-16

Passed at the first Session Of the Cd Congress of
the Con ederdte States.
AN ACT TO AMEND THE TAX LAWS.

DO enact That the frst second aud third sections OF
fence and support of the Government approved nth
February, 1854, be amended and re-enacted, SO
read as follows, to-wt:
Section l. That, in addition to the taxes levied by
the "Act TO lay taxes for the defence and to
carry on the Government Of the Confederate States
approved April twenty fourth eighteen hundred aud
sixythree, there shall be evid from the 9TH day of
February 1864, the subjects of taxation hereinafter
mentioned, and collected from every person. copart-
nership, association corporation, liable therefor,
taxes at follows, to-wit:
/. Upon the value of all property, real personal
and mixed Of every kind and description, herein
after exempted taxed at different rate, per cent
Provided tina! from the tax the value of propertv
employed in agriculture shall be deducted tho gaiue of
the tax in kind derived therefrom during the Same
year. as assessed under the law imposing IT, and de-
lvered to the Government whether delivered during
the year or Afterwards including the bacon delivers
bic after and not prior to, the of the
on property employed in agriculture aforesaid:
the collection of the such properly shall be
pended after assessment under the order of the See
rotary of the Treasury until the value of the 1.-THE TO
be deducted be ascertained, and when so asoer-
taned it shall be the duty OF the post quartermaser
to certify, and of the district collector to deduct the
value of such 1.-THE, and any balance found due mny
be paid in bonds and certificates therefor thosed
by the "Act to reduce the currency and to authorize
other taxes payable during the years 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 on the basis Of the market value Of
the same, Or similar property in the neighborhood
where assessed, in the year 1861 except in cases
where lands, slaves, cotton and tobacco have been
purchased since the first day of January. 1884, in
which case the said land, slaves cotton and tobacco
purchased shall be assessed the price actually
paid for tho by the Provided, That land
purchased by refugees and held and occupied by them
for their and residence shall be nssessedc-
cording 10 its market value in the year 1860
Sec 2. That section second of act entitled can
act TO levy additional taxes for the common defence
and support of the government" approved nth Feb
ruary, 1854, be- and the same hereby rePealed and
it is hereby declared, that ell the property ana
OF corporations, associations and joiat stock compa
Mes every description whether Incorporated or not
shall be assessed and taxed in the manner, and
to the same extent, as the property and ind
vduals the tax such property and assets TO be as
sessed against, and paid by, such corporations Rss
Citations and joint stock companies Provided, That
bank banking company shall be liable to pay =
tax upon deposieS money to the credit of and SUBJ
ec to the checks Of Others: Provided further, That
the stock shares or interests representing property
assets in corporations joint stock companies,
soeiaions shall not be assessed taxed And proyi-
ded further, That all property within the onemy's
lines be- and the same is hereby exempted from all
taxation 80 long as it remains in the enemy's lines.
Sec. 3. That paragraph one of section three of an
act entitled An act to levy additional taxes for the
common defence and support of the government" APP
proved nth February 1864 be- and the same IS here
by amended and enacted as TO read follows;
Upon the amount of all gold and silver coin gold DUST
gold silver bullion, moneys held abroad, bills of
exchange, drawn therefor, promissory noes, rights,
credits and securities payable in foreign countries,
FIVE per cent to be paid in specie Confederate Tca
sury notes at their value, compared with specie at
the time the tax payable the relative value of spe-
Gle 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
entitled IAN act to lay for the de-
fence and carry the Government of the Confederate
States" approved 18th February, 1864, be, and tho
same is hereby, amended, so as 10 read as follows
I. The income, property and money, other than
Co moderate treasury notes, of hospitals, asylums,
churches schools, colleges and other charitable inst
tions, shall be exempted from taxation under the pro-
visions Of this act any other law. The property OF
panies formed under the act entitled CAN act TO
establish volunteer navy" shall be exempt from tax
alton, except on the income.
III. That paragraph sec. of the act be and the
is hereby amended by adding thereto follows
"If any person shall fail to make due return,
qured by said section, of the income profits taxed
under any law Of Congress- in case Of disagreement
with the assessor, to submit the same TO referees
provided by law, shall fail refuse TO pay the tax
thereon within such time as shall be prescribed by
public noticS by the district collector under l4u d.
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 b" w do
fault, who may fail has failed to make payment or
due returns in Consequence Of The presence u'er-
ference of the enemy, the absence neglect Of the
oc charged with the and collection OF
taxes"
J.
subject to taxation corn, bacon and other agricultural
products, which were produced in the year 1863, and
in the possession of the producer the 18th of Feb
1864, and necessary for the support OF himself All
family during the present year, and from which
in kind have been deducted and delivered paid
Sec c. That section 4, paragraphs and 2, Of the act
approved 18th February 1854, entitled "An act 10 levy
additional taxes for the common defence and support
of the Government" be amended levy addi-
tional tax Of thirty per cent upon the amount Of all
profits made by selling the articles mentioned In the
said paragraphs between the 18th day OF February,
1864 and the day Of July Rext, which additional
tax shall be collected under said act.
Sec 7. That all treasury notes of the old ISSUE
of the denomination of five dollars not exchanged for
issue prior 10 the lst day OF January, 1865, and
which may remain outstanding on that day, tax OF
one hundred per cent. is hereby imposed.
Sec. g. That section seven of an act entitled "An act
TO levy additional for the defence and
support Of the Government" approved 18th February,
1864 be- and the same is hereby, repealed and the fol-
lowing inserted in liea thereof
l. That the first section Of the "Aci to lag taxes for
the common defence and to carry tic Government
of the Confederate States" approved 2ith April 1863,
is suspended for the year 1864.
III. In all cases where tax is leyid income de-
rived from property, real personal and mixed Of every
description the amount value Of which an ad
valore is laid the al Udlorem shall be deduct
ed from the income tax: Provided, THAT in no case
shall less be paid than the nd VaiorGH tax.
ILL., In the assessment of income derived from man
mining there shall be deducted from the
gross income profits the necessary annual repairs
exceeding ten per cent. the amount OF the In
come derived thcrefrom. And in addition TO the de-
ductons now allowed by law in the assessment Of in
comes derived from any source, the following shall be
made namely: The Confederate taxes actually paid by
the owner sales made by him. and the commssions
actually maid by the shipper for selling,