The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1865-03-28


The Boxes should be well hooped properly marked,
and delivered in time for my Special Messenger who
leaves Raleigh on the first day of every month
EDWARD WARREN,
Nov. l, 1864 Surgeon General ofN c.
THE NEW TAX BILL. - ~
an Act to lag additional tares for the common de-
fence and support ofhe Government.
Sec. l. The Congress of the Confederate States
of America do enact, That in addition to the
levied by the act to lay taxes for the common de-
fence and to carry on the Government Of the Con-
federate States,' approved 24th of April, 1868,
there shall be levied, from the passage of this act
the biecs of taxation hereafter mentioned. and
collected from every person, co-partnership assoc
citation corporation, liable thereto, taxes fol-
lows, o-wlt: .u-
l. Upon the value of property, real, personal and
mixed, of every kind and description, not hereinaf
ter exempted taxed at 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
II. On the value Of gold and silver wares and
plate, jewels. jewelry and watches, ten per cent.
III The value of property taxed under This see
ton shall be assessed the basis of the market
value of the same similar property in the neigh
borhood where assessed in the year 1860. except in
cases whers 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 so purchased, shall be assessed at the price
actually paid for the by the owner.
Sec 2. On the value of all shares or interests held
in any bank, banking company or 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 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, 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 individuals,
five per cent; and upon all moneys held abroad. or
upon the amount of all bills of exchange, drawn
therefor on foreign countries tax of five per eent
such tax upon money abroad to be assessed and col
lected 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 as cur
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 ia trade and business
as follows:
L. On all profits made by buying and selling spir-
tuous liquors. -four, 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, 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, 1868 and the st January
1865 ten per cent, IN addition to the tax on such
profits income under the ..act to lay taxes for the
common defence, and carry on the Government of
the Confederate States approved April 24th, 1868
II. On all profits made by buying and sellnp
money, gold, silver, foreign exchange stocks, notes
debts credits, or obligations of any kind, and any
merchandise. property effects of any kind not
enumerated i'll the preceding paragraph, between
the times named therein. ten per cent, in addition
20 the tax on such profits as income under the act
aforesaid.
III. On the amount of profits exceeding twenty
five per cent, made during either of the years 1863
and 1864. by any bank or banking company insu
rance, canal, navigation, importing and exporting,
telegraph, express. railroad, MA nufacturinp arv
dock or other joint stock company of any descrin
ton. whether incorporate not, twenty five per
cent on such excess.
Sec 5. The following exemptions from taxation
under this act shall be allowed to-wit:
I. Property of each head of family to the valpe
of five hundred dollars; and for each minor child f
the family to the further value of one hundred dl
lars; and for each actually engaged in the arm
navy, who has died or been killed in the mill,
tary naval service, and who was a member of tho
family when he entered the service to the furtbar
value of five hundred dollars
IL. Property of the widow of any officer s,ld;ar
sailor marine who may have died or been killed
in the military or naval service or where there i
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 as have been disabled in such Ser
vice. to the value of one thousand dollars: provided
that the above exemptions shall not apply to anr
person, whose property exclusive of household fur
niture, shall be assessed at q value exceeding ono
thousand dollars.
w. That where property has been injured or de-
stroyed by the enemy, or the owner thereof has
been temporarily deprived of the use or occupancy