The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1865-03-21
PUBLIC ACTS
Passed at the first Session Of tie I'd Congress Of
the Con eaerate States
AN ACT TO AMEND THE TAX rAws.

do enact That the FIRST second and third sections
Act to levy additional taxes for the common de-
fence and support of the Government" approved 18th
February 1854, be amended and reenacted, SO as to
| read as follows, to-wit
Section l. That in addition to the taxes levied by
the "Act lay for the common defence and to
carry the Government of the Confederate States "
approved April fourth, eighteen hundred and
sixty,three shall be levid from the 18th day of
February 1884 the subjects of taxation hereinafter
mentioned and collected from every person. copart-
nershp, association corporation, liable therefor,
| taxes af follows, to-wit:
! l. Upon the value of all property, real, personal
and mixed of every kind and description, herein
after exempted taxed at different rate, per cent:
Provided that from the tax the value of property
employed in agriculture shall be deducted the value of
the in kind derived therefrom during the same
year, assessed under the law imposing it, and de-
livered to the Government whether delivered during
the year or afterwards including the bacon, delvera
BILE after and prior to, the assessment of the
property employed in agriculture as aforesaid: and
the collection of the tax such property shall be
pended after assessment, under the order of the Sec
Rotary of the Treasury until the value of the 1.-THE to
be deducted can be ascertained, and when so ascer
taned it shall De the duty Of the post quartermaster
to certify and of the district collector to deduct, the
value of such 1.-THE, and any balance found due may
be paid in bonds and certificates therefor authorized
by the "Act to reduce the currency and to authorize
a new issue of notes and bonds" in like manner as
other taxes payable during the year: Provided, That
no credit shall be allowed beyond FIVE per cent.
H. On the value of gold and silver and plate
jewels, jewelry and watches, ten per cent.
ILL., The value of property taxed under this section
shall be assessed the basis of the market value of
the same, or similar property in the neighborbood
where assessed, in the year $780, except in cases
where lands, slaves, cotton and tobacco have been
purchased since the first day of January. 1862, in
which the said land slaves, cotton and tobacco
so purchased shall be assessed at the price actually
paid for the by the owner: Provided, That land
purchased by refugees and held and occupied by them
for their and residence shall be assessed ac-
cordng TO its market value in the year 1860.
Sec. 2. That section second of act entitled "An
| to levy additional taxes for the common defence
and support of the government" approved 18th Feb
ruary 1864 be- and the is hereby, repealed and
it is hereby declared that all the property ana
of corporations associations and joint stock compa-
nies of every description whether incorporated not,
shall be assessed and taxed in the manner, and
to the same extent as the property and assets of nd
vduals; the tax such property and to be
sessed against, and paid by, such corporations
Citations and joint stock companies: Provided, That
no bank banking company shall be liable to pay
upon deposes of money to the credit of, and sub
ject the checks Of others Provided further, That
the stock shares or interests representing property or
in corporations joint stock companies,
Soeatons, shall not be assessed taxed: And provi
Eded further, That all property within the enemy''
lines be, and the same is hereby, exempted from all
taxation long rs it remains i'll the enemys lines.
| Sec. 3. That paragraph of section three of
act entitled "An act to levy additional taxes for the
common defence and support of the government, APP
proved 18th February 1864 be- and the same is here
by amended and re-enacted so as to read follows
Upon the amount all gold and silver coin, gold dust
gold silver bullion, moneys held abroad or bills of
exchange, drawn therefor, promissory notes, rights
credits and securities payable in foreign countries
five per cent to be paid in specie Confederate trea
sury notes at their value compared with specie at
the time the tax payable; the relative value of spe
Gle and Confederate treasury notes for the purpose Of
payment under this act, to be fixed by regulations to
be prescribed by the Commissioner of Taxes, under
| the direction of the Secretary of the Treasury.
I Sec. That section sixteen of the "Act to amend
an act entitled AN lay for the common de-
fence and carry the Government Of the Confederate
States," approved 18th February, 1854, be, and the
same is hereby, amended, as to read az follows:
]. The income, property and money other than
Confederate treasury notes, of hospitals, asylums
churches, schools, colleges and other charitable nsti
tons shall be exempted from taxation under the pro-
visions of this act any other law The property of
companies formed under the act entitled IAN act to
establish volunteer navy" shall be exempt frc tax
| alton except on the income.
H. That paragraph 6, of the same act be and The
is hereby amended by adding thereto follows:
"If any person shall fail to make due return as re-
quired by said section, of the income profits taxed
under law of Congress- in of Disagreement
with the assessor, to submit the same to referees,
provided by law, Shall fail refuse pay the tax
thereon, within such time as shall be prescribed by
public notice, by the district collector under the di
rection of the Commissioner of Taxes, such person
shall be deemed and held be in default Provided,
such person shall be deemed and held to be in de-
fault who may fail, has failed to make payment,
due returns in consequence of the presence inter-
of the enemy, the absence neglect of the
officers charged with the assessment and collection of
| taxes"
Sec s. That this act shall not be construed to
subject taxation corn, bacon and other agricultural
products, which produced in the year 1868, and
in the possession of the producer the 18th of Feb
1864 and necessary for the support of himself and
family during the present year, and from which
taxes kind have been deducted and delivered paid
Sec. That section paragraphs and g. of the
approved 18th February, 1884, entitled can act levy
additional taxes for the defence and support
of the Government be so amended to levy add-
tional tax of thirty per cent upon the amount of all
profits made by selling the articles mentioned in the
said paragraphs; between the 18th day of February
1854 and the st day of July next which additional
tax shall be collected under said act.
Sec. 7. That all treasury of the old issue,
of the denomination of FIVE dollars, exchanged for
new issue prior to the ls day of January 1865 and
which may remain outstanding on that day, tax of
one hundred Der cent is hereby imposed.
Sec 8. That section Of an act entitled "An act
levy additional taxes for the common defence and
support of the Government" approved 18th February
1854 be- and the is hereby repealed and the fol-
lowing inserted in lieu thereof:
l. That the first section of the Aci lay for
the common deferce and to carry the Government
of the Confederat, States approved gath April $685.
is suspended for the year 1864.
ii. In all cases where a tax is eVid income de-
rived from property real personal and mixed of every
description, on the amount or value of which dd
is laid the dd Udior shall be deduct
ed from the income tax: Provided That in ease
shall less be paid than the dd rdlorem tax.
III. In the assessment of income derived from man
ufacturng mining there shall be deducted from the
gross income profits the necessary annual repairs,
not exceeding ten per cent the amount Of the in
come derived therefrom Aud, in addition to the de-
auctions allowed by law in the assessment of in
derived from any the following shall be