The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1865-03-21
THE NEW TAX BILL,

an Act to lag additional tares for the common de-
. fence and support Of the Government
Set 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 Sates,'' approved 24th of April, 1863
there shall De levied, from the passage of this act,
the subjects of taxation hereafter mentioned. and
collected from every person. co-partnershp, 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 hereinaf
ter exempted taxed different rate, five per
cent Provided, that from this tax on the value of
property employed in agriculture, shall be deduct
cd 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
ii. 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
ton shall be assessed the basis of the market
value of the same or similar property in the neigh
borhood where assessed in the year 1860. except in
cases wher3 ktnd, slaves, cotton or tobacco have
been purchased since the LIST day of January 1862,
in which the said land slaves, cotton and to-
bacco purchased, shall be assessed at the price
actually paid for the by the owner.
Sec 3. On the value of all shares or interests held
in any bank. banking company or association. canal
navi gaten. importing exporting, insurance, manu-
featuring, telegraph express, ralroad 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 where assessed
in such currency may be in general use there, in
the purchase and sale of such property at the time
of assessment.
Sec 3. l. Upon the amount of all gold and silver
coin. gold dust, gold or silver bullion, whether held
by the banks or other corporations or individuals
fvaD mere nd all ha1d ,br
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
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 bunk bills, and all other papers issued as cur
rency, exclusive of interest bearing Confederate
treasury notes, and not employed in a registered
business the income derived from which is taxed,
five per cent.
Sec 4. Upon profits made in trade and business,
follows:
l. On all profits made by buying and selling spir-
ituous liquors. flour, wheat, corn, rice, sugar mo-
asses syrup, salt, bacon, pork. hogs, beef or
beef cattle, sheep. oats, hay. fodder, raw hides
leather, horses, mules. boots, Shoes, cotton yarns
wool, woolen cotton or mixed cloths. hats. wagons
harness, coal, iron. steel nails at any time be-
tween the LIST Of January. 1863 and the st january
1865, ten per cent, addition to the tax on uch
profits income under the lay taxes for the
common defence. and carry the Government of
the Confederate States,' approved April Oath 1868
II. On all profits made by buy ing and selling
money. gold, silver, foreign exchange stocks notes
debts, credits, 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 1864
and 1864, by any bank or banking company, nsu-
rance, canal, navigation importing and exporting
telegraph, express. railroad, manufacturing drv
dock or other joint stock company of any descrip
ton, whether incorporate or not, twenty five per
cent on such excess.
Sec 5. The following exemptions from taxation
under this act shall be allowed to-wit:
l. Property each head of family to the vaIue
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. or who has died or been killed in the mill
tary or naval service, and who was a member of tho
family when he entered the service to the furtb.r
value of five hundred dollars
III. Property of the widow of any officer soldisr
sailor or marine. who may have died or beer killed
in the military or naval service or where there is
to the value of one thousand dollars
III. Property of every officer, soldier, sailor az
marine, actually engaged in the military or naval
service. of such have been disabled in such Scr
vice. to the value of thousand dollars: nrovi5a
that the above exemptions shall not apply to anv
person, whose property exclusive OF household fnr
niture, shall be assessed at a value exceeding one
thousand dollars.
Nv. That where property has been injured or de-
been temporarily deprived of the use or occupancy