The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1864-12-20

AN ACT TO AMEND THE TAX LAWS.
Fused at the FIRST Session Of The I'd Congress o
he Confederate States.

a"
February 1884, be amended aud re-enacted so as to
read as follows, to-wt:
Section l. That In addition 20 the t.rsa Iav;ea r.
the "Aet to lay taSes for the defence and to
carry on the Government of the Confederate States
approved April twenty fourth eighteen hundred ma
sixtythree, there shall be levid from the l7th day ~
February 1884 ON the subjects of taxation hereinafter
mentioned and collected from every person, eupart
nershp, association corporation, liable therefor
( taxes Rf follows, to-wit:
l. Upon the value Of all property, real personal
and Mixed of every kind and description not herein
after exempted taxed at different rate per cent,
Provided tina. from the tax The value Of propeuy
employed in agriculture shall be deducted the value OF
the tax In kind derived therefrom during the same
year, assessed under the law imposing H., and de-
ivered to the Government whether delivered during
the year afterwards, including the bacon deliveta
BILE after and prior TO, the Of the ,nx
property employed in agriculture aforesaid: and
the collection of the tax such property shall be sus
pended after assessment, under the order OF the See
rotary the Treasury, until the value OF che 1.-THE 10
be deducted can be asceTtained, and when so ascer-
tanned it shall be the duty OF The post quarermaser
to certify, and OF the district collector 10 deduct the
yalue of such 1.-THE, and any balance found due may
be paid ia bonds and certificates therefor authorized
by the "Act to reduce the currency and TO authorize
a new issue Of notes and bonds in like manner rs
other taxes payable during the year, Provided Thai
no credit shall be allowed beyond FIVE per cent
ii. On the value OF gold and silver ware and plate
jewels, jewelry and watches, ten per cent
I'll. 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 neighborboOd
where assessed, in the year 1850, except in cases
where lands slaves, cotton and tobacco have been
purcha sed since the first day of January. 1884, in
which the said land, slaves cotton and tobacco
purchased shall be assessed ut the price actually
paid for the same by the owner; Provided That land
purchased by refugees and held and occupied by them
for their and residence, shall be assessed ae
cording to its market value in The year 1860.
Sec 2. That section second OF an act entitled "An
levy additional taxes for the common defence
and support of the government" approved 9Th Feb
ruary, sea- be- and the same is hereby repealed and
il is hereby declared, that all the property nn1 assets
of corporations, associations and joint stock compR-
Mes every description whether incorporated not
shall be assessed and taxed in the manner and
the extent the property and assets Of ind
viduals the tax such property and assets 10 be as
scssed against and paid by such corporations nsso
Citations and joint stock companies Provided, Thai
bank banking company shall be liable 10 pay n
tax upon deposes of money to the credit Of and sub
ject to the checks Of others Provided further That
the stock shares interests representing properly or
in corporations joint stock companies, or as
soeations shall not be assessed taxed And provi
led further, That all property within the enemys
lines be, and the same is hereby exempted from all
taxation so long as it remains in the cnemy's lines
Sec. 3. That paragraph one Of section three Of an
act entitled "An act to levy additional taxes for tho
common defence and support OF the government, Rp-
proved 18th February, 1894 be, and the same u.s. hfre
by amended and e-enacted so as TO read ms follows:
Upon the amount Of all gold and silver coin gold dust
gold or silver bullion moneys held abroad bills Of
exchange, drawn therefor, promissory Botes, rights,
credits and securities payable in foreign countries,
cent to be specie, or COnieucrnie
sury at their value, compared with spcee at
the time the 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 TIE Treasury.
Sec. a. That section sixteen Of the "Act to amend
ACT entitled An act to lay taxes for the common de-
fence and carry the Government of the Confederate
States" approved 18th February, 1884, be, and the
same is hereby, amended, so as TO read as follows
l. The income property and money, other than
Confederate treasury notes, Of hospitals, n! nms'
churches schools, colleges and other charitable nst
tons shall be exempted from taxation under the pro-
visions of this act, or any other law The property OF
companies formed under the act entitled IAN act to
establish volunteer navy shall be exempt iT6 IN lax
alton, except on the income.
H. That paragraph G. ofthe same act, be and the
is hereby amended by adding thereto MS follows
off any person shall fail TO make due return, Rs re-
quired by said section, of the income profits taxed
under any law of Congress- in case OF disagreement
with the assessor submit the to referees as
provided by law shall fail refuse 10 pay The tax
thereon within such time shall be prescribed 10y
public notice. by the district collector under The d.
rection of the Commissioner Of Taxes, such person
shall be deemed and held 10 be in defanlt Provided,
such person shall not be deemed and held 10 be in de-
fault, who may fall has failed TO make payment, or
due returns n consequence Of the presence or inter
ference of the enemy, the absence neglect Of tho
officers charged with the assessment and collection Of
taxes"
Sec 8 That this act shall not be construed ms TO
subject to taxation corn bacon and other agricultural
in the possession Of the producer the 18th OF FEB.
1864, and necessary for the support OF himself and
family during the present year. and from or on when
taxes kind have been deducted md delivered paid
Sec 6. That section a, paragraphs and 2 ofihe act
approved 7lh February, 1864, entitled "An act 10 levy
additional taxes for the defence and support
of the Government" be amended as TO levy ndd
tona of thirty per cent. upon the amount OF all
profits made by selling the arices mentioned IN The
said photographic, between the l7tL day OF February,
Is64 and the LIST day OF July next which additional
sLa hn cfed unie said act
Sec Z That on all treasury Of the old Issue,
of the denomination of five dollars exchanged for
new issue prior 10 the Ist 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 Of &C, rniited IAN act
TO levy additional taxes for the defence and
support Of the Government" approved l7ih February
1864 be- and the is hereby, repealed and The fol-
lowing inserted In lieu thereof
J. That the fret section Of the "Aci TO lay taxes for
The common defence and TO carry on the GoyerumenI
Of the Confederate States approved Gath April 1868,
s suspended for the year 1861.
III. In all cases where tax Is leyid income de-
rived from properly real personal and mixed Of every
description. on the amount value Of which an dd
c1ioreDg is laid the al rdtorSm shall be deduct
,e W the inrome tax: Provided, That In no case
.hall less b. paid than the nd rSfOrem tar.
III IN the assessment Of income derived from man
lfeturing mining there shall be deducted from the
lToss profits the necessary annual repairs,
lot exceeding ten per cent the hmonnt OF me m
derived theTefrSm. And. la addition 10 me de-
AUCTIONS allowed by law 10 The 9ssefsment OF IN
comes derived from any source The etD"ing sball be
made namely: The Confederate taxes actually paid by
he owner on sales made By him, and the commissions
c,naliy Maid by the consgDor shipper for selling,