Semi-weekly news., 1865-04-22

on hand or on deposit on the day OF
the approval of this act, Ave per
cent.
w. Upon the amount Of all sol,
vent credits, except those mentioned
in paragraph two, five per cent.: pro-
vid.d, that all the bonds and stocks
issued by the Confederate States or
by any State, and all loans. to the
government of the Confederate States
shall be exempt from taxation, ex-
cept as to the interest payable there
on, which shall be taxed AS income
under existing laws: provided fur
ther, that the interest on the bonds,
stocks or obligations Of the Conted-
crate States. or Of any Stale, shall
not be taxed as income IN cases
where the acts under which they
were issued contain a stipulation
that the interest thereon shall be OK
enpt from taxation.
V. Upon profits made by buying
and selling merchandise, effects, or
property Of any description or
t money, gold. silver, stocks, credits
f o, obligations Of any kind, at any
!, time between January lst. 1868,
: and January 1st, 1866. ten per cent,
l in addition tb. tax on such profits as
: income. Said profits to be- ascertain
: I'd by the difference hrtweea the
f price paid in Confederate treasury
notes. including all costs and charges
and the price realized in the same
5 currency: provided, that if the OBJ
= ircts Of sale ,wer" purchased At any
Il tire. since January lst,. 1868, this
It additional tax shall attach on III.
sale thereof during the year 1863.
NJ VI. Upon the amount Of profits
n. exceeding twenty-five per cent. made
.r during the year 1865 by any bank
b, or banking company, insurance
IS canal, navigation, importing or. ex'
,e porting, telegraph, express, railroad
Z, manufacturing, mining. dry dock, o1
A. other joint stock company f4"y de
H. scrip;ion. whether incorporated o.
- n,t, twenty ty-6vc per cent: provided
h. that this tax shall apply to ind!vid
le uals and partnerships engaged il
Is, trade or in any business or employ
K m-nt enumerated in this paragraph
of rs we'll as to corporations or join
al stock companies provided t"rth-'
~ that individuals aud parth"rshi p
~ VIII, have not been assessed. or VIII
have not paid for the year 1864 tn
I;h tax of sevcntyfive per cent. impose
ed on the excess Of profits over twenty
Sc five per cent for that year, shall
rn- assessed and required to pay durir
the. y. ar 1865, Twenty-Five per cen
On thu. excess Of profits, over ,went,
five ger cent, realized during II
ear year 1864.
iv- SEC. G. The property. the incon
.n:. and monies Of hospitals, asylum
at. churches. schools, colleges and cha
in ,able institutions, shall be cxrm
the from taxation under the provisio
,tL, Of this act, or any other law. (
en- property within the lines OF the er
uti- m; ali be exempt from taxallt
ON so long as it remains within su
'ov. lines but any income derived the
the existing laws. The eSernptic
,-n- enumerated in paragraphs on,
o p,.r- and three, of section five OF the 4
or outitled IAN act to levy add!t1o
q as taxes for ~. ,rominon defence a
support Of the grvernnent,' appro'
,rtv. 18th of February, 1864. are here
very r.-.nact.d household t,lrnitr
,.t.r W hen the value does not exceed ta
.r.ut hundred dollars, on the basis Of
:, of value thereof in til. year 1850, W.
SEC ing apparel. goods manufactured
SIS Of any prrson for th-. use and consu
si,ni ton of his family: including sa'
hood poultry, fruit and the prod cts Of
,t-en deus, vhen said poultry, fruit
.r-hv products ar. aised for the :a,nli,
and tie producer. and not for sale,
tons bacon and other agricultural prod
ether which were produced in the
.sS-u 1864, and necessary for the tax
l. aud ~r's family, including slaves, du
p-rtv the present Year, and in his POS
E. tax -ionion th- day Of the approve
b. as this act, shall be exempt from t
4 cor ton.
stock SEC. s. That the taxes on pr'
bank " for the year eighteen hundred
liable Sixtv-tive, imposed by this act,
lrv to b.. assessed AS on the day of the
o tn. sag. of this act, and be due and
ii fur l.ct.d on the first day Of June
repre- or as soon thereafter as Pracl,'
,orpor- The additional taxes on profit
stock the year eighteen hundred and :
s.d or tiv. shall BE- assessed and coll
: act according to the provisions of
retro,n ing laws in regard to the asses:
as in- and collection of taxes on inc
- 60 and all the taxes imposed by tn
II gold as we'll as the taxes on income
~, ,n,t ,r,E.e onH tha sppchc tav