The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1865-04-04


yered to the Government, whether delivered during
the year or afterwards, including the bacon, delirera
BILE after and prior to- the assessment of the tax
on properly employ ed in agriculture aforesaid: and
the collection Of the tax such property shall be sus
pended after assessment under the order of the Sec
rotary of the Treasury, until the value of the 1.-THE 10
be deducted can be ascertained, and when SO aseer
tanned it shall be the duty Of the post quartermaster
to certify and of the district collector to deduct the
value of such tithe and any balance found due may
be paid in bonds and certificates therefor, authorized
by the "Act 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 ware and plate
Jewels, jewelry and watches, ten per cent.
I'LL The value of property taxed under this section
shall be assessed the basis of the market value of
the same, similar property in the neigh hood
where assessed, in the year $50, except in cases
where lands, slaves, cotton and tobacco have been
purchased since the first day of January. 1862, in
which case 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 hern
for their and residence, shall be assessed ac
cording to its market value in the year 1860.
Sec 2. That section second of an act entitled "An
to levy additional taxes for the common defence
and support of the government, approved 18th Feb
ruary, 1854 be- and the same is hereby repealed and
it hereby declared, that all the property ana assets
of corporations associations and joint stock compa-
MES every description whether Incorporated
shall be assessed and taxed in the same manner and
the extent the property and assets OF lndl-
vduals the tax such property and assets to be as
sessed against and paid by such corporations asso
Citations and joint stock companies: Provided, That
bank banking company shall be liable to pay
tax upon deposites ofmoney to the credit Of and sub
ject the checks of others: Provided further That
the stock shares interests representing property or
in corporations joint stock companies or as
soeations shall not be assessed taxed: And provi
Ced further That all property within the enemys
lines be, and the same.is hereby, exempted from all
taxation long it remains in the enemy's liness
,,+, ~ nfo
entitled San act 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 enacted as to read follows:
Upon the amount all gold and silver con gold dust,
gold silver bullion moneys held abroad, 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
suly notes at their value, compared with specie at
the time the tax payable; the relative value of spe
Gle and treasury notes. for the purpose of
under this act to be fixed by regulations to
be prescribed by the Commissioner of Taxes, under
the direction Of the Secretary Of he Treasury.
Sec. 4. That section sixteen of the "Act amend
an act entitled AN act lay taxes for the
fence and carry the Government of the Confederate
States" approved It'll February, 1864, be, and the
same is hereby, amended, to read as follows:
l. The income, property and money, other than
Co nfederate treasury notes. of hospitals, asvlums,
churches schools colleges and other charitable insti
TONS shall be exempted from taxation under the pro-
visions of this act or any other law The property OF
companies formed under the An act TO
establish volunteer navy shall be exempt fro
alton, except on the income.
H. That paragraph 6, I, ofthe act be and the
same is hereby amended by adding thereto follows
If any person shall fail make due return, as
quired by said section, of the income profits taxed
under any law % Congress- in of disagreement
with the assessor, to submit the to referees
provided by law or shall fail or refuse to Ny the tax
thereon, within such time shall be prescribed by
subtle notice. by the district collector under the d.
rection of the Commissioner Of Taxes such person
hall he nd hpl6 to he in Hefau cd
such shall not be deemed and held to be in de-
fault, who may fail, has failed to make payment, or
due returns in consequence of the presence inter
ference of the enemy, the absence neglect of the
officers charged with the and collection of
taxes"
Sec.5. That this shall not be so construed as to
subject to ta3ation corn, bacon and other agricultural
products which were produced in the year 1868, and
in the possession Of the oducer the 18th of Feb
1864, and necessary for the support of himself and
family during the present year, and from which
taxes in kind have been deducted and delivered paid
Sec 6. That section j, paragraphs and 2 of the act
approved 18th February, 1864 entitled can act to levy
additional taxes for the common defence and support
of the Government be amended levy an addi-
tonal 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
1864, and the LIST day of July next, which additional
tax shall be collected under said act.
Sec. 7. That on all treasury notes of the old issue
Of the denomination of five dollars exchanged for
issue prior to the lst day of January 1862 and
one hundred per cent. is hereby imposed
Sec 8. That section seven of an act entitled can act
to levy additional taxes for the common defence and
support of the Government" approved 18th February
1864 be, and the same is hereby repealed and the fol-
lowing inserted in lieu thereof:
l. That the first section of the "Ac to lay taxes for
the common defence and to carry the Government
Of the Confederate States approved Gath April 1863
is suspended for the year 1864.
II. In all cases where tax is levd income de-
rived from property real personal and mixed of every
description, on the amount value of which 0d
valore is laid the dd valoren tax shal = deduct
ed from the income tax Provided, That in no case
shall less be paid than the dd Ualorem tax.
III. in the assessment of income derived from man.
utacturng mining, there shall be deducted from the
gross income profits the necessary annual repairs,
not exceeding ten per cent. the amount of the
come derived theretrom. Aud, in addition the de-
ducons allowed by law in the assessment of in
derived from any source the following shall be
made namely: The Confederate actually paid BY
the sales made by him, and the commissions
actually paid by the consgnor shipper for selling
and in the production manufacture of pig metal
other iron, the cost of fuel.
Sec. 8. That all citizens of any of the Confede-
States temporarily esdng in another State shall
be liable to be assessed and taxed in the State dis
trct in which he temporarily reside; and it shall
be the duty of all such who have heretofore made
of the taxable property the district assessor
where they msy temporarily reside, within thirty DAYS
the passage of this make such return: and
any liable be assessed and taxed as aforesaid
who shall fail refuse within the said period of thirty
days make such return, shall be liable to all the
pains and penalties imposed by the laws of Confed
crate States in such
APPROVED June IA, 1864.
TIFF NEW LAW