The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1865-04-04


levied by the 'act to lay taxes for the common de-
fence and to carry on the Government of the Con-
federate States" approved 2Ath OF April 1868.
there shall Ja levied, from the passage OF this act
on the subjects of taxation hereafter mentioned and
collected from every person. partnership. asso-
citation corporation liable thereto, taxes as fol-
lows, to-wt:
1. Upon the value of property, real, personal and
mixed. of every kind and description not hereinaf-
ter exempted or taxed at a different rate. five per
cent Provided, that from this tax on the value of
property, employed in agriculture, shall be deduct
ed the value of the tax in kind delivered therefrom.
assessed under the law imposing it, and delivered
to the Government: Provided, that no credit shall
be allowed beyond five per cent.
III. On the value of gold and silver wares and
plate. jewels. jewelry and watches. ten per cent.
Ill. The value of property taxed under this sec
ton shall be assessed the basis of the market
value of the similar property in the neigh
borhood where assessed in the year 1860, except in
cases wher3 land, slaves cotton or tobacco have
been purchased since the 1st day of January, 1862,
in which case the said land slaves, cotton and to-
bacco purchased. shall be assessed at the price
actually paid for the same by the owner.
Sec 2. On the value of all shares or interests held
in any bank. banking company association, canal
navigation, importing exporting, insurance. manu-
featuring, 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 III the neighborhood where assessed
in such currency may be i'll general use there, in
the purchase and sale of such property, at the time
of assessment.
Sec g. l. Upon the amount of all gold and silver
coin, gold dust, gold silver bullion, whether held
by the banks Oh other corporations or individuals
five per cent; and upon all moneys held abroad, or
upon the amount of all bills of exchange, drawn
therefor foreign countries, tax of five per cent;
such tax upon money abroad to be assessed and col
ected according to the value thereof at the place
where the tax is paid.
II. 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 no: employed in a registered
business the income derived from which is taxed.
five per cent.
Sec 4. Upon profits made in trade and business,
as follows:
l. On all profits made by buying and selling spir-
tuous liquors. flour, wheat, corn, rice sugar, mo-
lasses or syrup, salt, bacon, pork. hogs, beef or
beef cattle. sheep. OATS hay. fodder, raw hides,
leather, horses, mules. boots, shoos cotton yarns
wool. WOODEN. cotton mixed cloths hats. wagons,
harness, coal, iron. steel nails, at any time be-
the LIST of January, 1863, and the st January
1865 ten per cent, addition to the tax on such
profits as income under the act to lay taxes for the
common defence, and carry on the Government of
the Confederate States, approved April 9th, 1868.
II. On all profits made by buying and selling
money, gold silver foreign exchange, stocks, notes,
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 such profits as income, under 4he act
aforesaid.
ILL., On the amount of profits exceeding twenty
five per cent, made during either of the years 1868
and 1864, by any bank or banking company, insu-
rance, canal navi CATION importing and exporting,
telegraph express. railroad, manufacturing, dry
dock. or other joint stock company of any descrp-
ulokl,n iva to
cent such excess.
Sec 5. The following exemptions from taxation
under this act shall be allowed to- wt
/. Property Of each head of a family to.the value
Of Ave hundred dollars; and for each minor child of
the family to the further value of hundred dol
lars and for each actually engaged in the army
or navy. who has died or been killed in the mill
tary naval service, and who member of the
family when he entered the service, to the further
value Of five hundred dollars
H. Property of the widow of any officer, soldier,
sailor or marine who may have died been killed
in the military or naval service, where there is
no widow, then of the family, being minor children
to the value of one thousand dollars.
III. Property of every officer, soldier. sailor or
marine actually engaged in the military or naval
service. of such have been disabled in such SER
vice. to the value of one thousand doars provided,
that the above exemptions shall not apply to any
person, whose property exclusive of household fur
niture, shall be assessed at 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
thereof, of the means of culvating the same, by
of the presence the proximity of the enc
my. the assessment on such property may be re-
duced, i'll proportion to the damage sustained by
the owner, the tax assessed thereon may be re-
duced in the ratio by the district collector on
satisfactory evidence submitted to him by the own
err assessor.
Sec 6. That the taxes on property laid for the
year 1864, shall be assessed as on the dav of the
passage of this act and be due and collected on the
first of June next, after as practicable
allowing an extension of ninety days West Of the
Mississippi river. The additional taxes ON incomes
profits for the year 1863. levied by this act shall
be assessed and collected forthwith and the taxes
on incomes profits for the year 1864, shall be as
sessed and collected according to the provisions of
the tax and assessment acts of 1868.
Sec 7. So much of the tax act of the 24th day of
April, 1868, as levies tax incomes derived from
property effects the amount or value of which
tax is levied by this act and also the first section
of said act, suspended for the year 1864 and no
estimated rent, hire interest on property or cred
its herein taxed ad rdlorem, shall be s,ed or
taxed as incomes under the tax act of 1863.
Secs. That the tax imposed by this act on bonds
of the Confederate States heretofore issued shall
in no case exceed the intesest on the same and
such bonds, when held by or for minors or unatics
shall be exempt from the tax in all cases where the
dollars
Adopted in February, 1864.
AN ACT TO AMEND THE TAX LAWS
The Congress of the Confederate States of America
n IA fhp ErSt An.