The tri-weekly news. [volume] (Winnsboro, S.C.) 1865-1876, 1865-04-08
wINN NSBORO.
SATURDAY MORNING. April 8, Il


condense with some pains the. leading
features OF the new Corfedora.e Tax
FaActfor"lS65.reer,rv sv"-syzv~,seer. .,ss.n
SsEcrioS Is Eight per CENTS levied
upon all real and personal property on
the valuation OF the same or similar pro.
perty in 1860. Stocks i'll corporation
not to be taxed but only their divtdeads.
;s 2. All coin, moneys helds abroad
foreign exchange and other securi.
ties payable abroad is taxed 20 per
cent. Plate, jewclry Sc, win pay a tax
Of 10 per Ct, on the value in 1860.
3, Moneys on hand, State or Confed.
crate, or on deposit, pay pcrct.
4. Solvent credits taxed per ct., but
State and Confederate Bonds are only
taxable in their interest, as incomc and
not upon the principal. This does not
extend to Bonds non.taxablc by law.
5. Profits realized in trade during
1865 pay 10 per cent in addition to the
tax on such profits or income.
Profits made by all corporations above
rs per cent. are taxed 25 per cent.
This applies to individuals also gagged
in Banking, manufactures. insurance sc.
'N ShcTIoN .. Property of Schools, Col.
leges, &C., is exempt from taxation, also
property within the lines Of the enemy
also household furniture worth less than
S3OOim 1850, wearing apparel to the
same amount and household supplies.
SEC. 3. Thc,abovc taxes to be collect.
eel June next, or as soon thereafter ps
possible and are in addition to tie tures
(e0'ed by the act Of Feb, II, 1864 and of
24M AnSt 1853. These taxes as well
as those on incomes and profits are paw.
able in new issue Confederate notes and
certificates OF Indebtedness. Not more
than one half can be paid in such GER
titicates. The specific tax and taxes on
sales is payable in like manner, but the
tax for the pay of soldiers must all be IN
IreasurymoteS, .a... al
I SEC. A. Il tao addstionalto aVof the
uboue IS levted for 1866 and is to be to.
lproprtated to the pay of soldiers. 1t is
payable in Treasury notes and shall be
III amount onc.etghM the amount of all
Other ttrcS. H.t. u. ',,
SEc.s5: Advance payments may be
made. ,n r.
SEC. 6. Taxes under this act shall not
receive discount for the 1.-THE Tax, the
income or advalorem tax. .l..a.I
Sections seven and eight are so impor.
tant that we give them entire. They make
provisions for cases wlliclrwill be present.
ed in Fairieldran other Districts re.
Gently devastated by the enemy:
SEC. 7. That when property real or
personal, has been injured or destroyed
by the enemy, or the owner thereof has
been temporarily deprived Of tic use.
thereof or, in the case Of real estate.
OF the means of cultvating the same, bv
the,reason Of the possession or proximity
OF the enemy, the assessment ,on such
property,m be reduced in proportion,
to The damage sustained BY the owner,
or the tax assessed thereon may be re.
dnced in the same ratio by the District
collector, on satisfactory evidence sub.
mltted to him by the owner or assessor.
SEC. 8. That the Secretary of the
Treasury, on the recommendation of The
Board Of Police, county courts, or sich
other county, district or parish tribnnal
as may ,be prescribed by the State ool.i
lectors respectively, transmitted through
said collectors is hereby authorized to
suspend the, collection Of taxes now due,
OR imposed BY this or any other or future
acts, in those districts where depreda-
tons have been committed by the enc.
my, in cases. of individuals in snch dis !,
trIctc yyharn -, H. ga -. 49,. IIl,' y