Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1865-01-04
SYNOPSIS OF THE REVENUE LAW.

An ad valorem tax Of one per cent is levied far tho
support OF the State government the payment of its
Debts &c. upon the assessed cash value of the fol-
lowing subjects on the LIST day Of April, 1863, to
wit:
l. Realestate in this State; Provided. that where
property aas been wholly or in part destroyed since
that time,, the value is to be fixed by the owner,
agent or attorney, oath and in case the tax-ta-
ker is dissatisfied two freeholders are to decide the
value and it they disagree third one is to be select
ed by them, and their decision is to be FINAL.
2. All slaves Except such as the county court may
exempt the value of said slaves to be ascertained by
the persons who ascertain the value of lands.
3. Money due from solvent debtors, or on hand, or
on deposit with individuals in the banks or other
corporations: Pouided, that Confederate and State
Treasury notes and coupons past DUE Of the bonds Of
any State, or corporation, except coupons on bonds
of the State issued prior tn Feb. 20, 1861 shall be
considered money, and, Provided, that the person
listing the MONEY hand and at inter st shall be al
lowed to deduct debts owing by him as principal,
aud also surety where the principal is nsolvent.
4. Money invested in manufacturing and steam
boat corporations, or companies. according to the
shares. as fixed BY the charter if the shares be in
corporation, and il there be Incorporation then
upon the amount invested: money invested in State
binds Issued since tho 23d Of Feb 1851: money i'll
vested in county bonds, or bonds of incorporated
towns; and also in every species OF trade and traffic.
not otherwise taxed.
s. Household and kitchen furniture above the val
ue of 5000, except articles specifically taxed.
6. All cotton and naval torres and tobacco except
owned by the producer, or been purchased by the
owner for his own use or that of his family or de-
pendants: and also such cotton as may have been
purchased by any person corporation for the pur
pose of manufacturing: Provided, that no more cot
ton held by q manufacturer shall be exempt than 10
needed for the consumption of one year. e
SEC. 2. The following property shall be exempt
from taxation:
All lands or other property belonging to the Con.
ederate Staes this State to any county in this
State, or to the University Colleges or other nsttu-
ions of leaning; all town halls market houses pub
lie squares, &c.; mechanical and farming tools, books,
canoes, seints, &c.
Property faxed more than one per cent. not to be
liable to theax of one per CENT but to be listed sep
arately.
On everydolar of nett dividend or profit, not pre-.
vously list declared, received due, on or before
April LIST, h each year upon money or capital iu-
vested in shres in the Bank Of Washington, Mer-
chants Bank Bank Of Wadesboro, Bank of Fayette-
vile, Commercial Bank, Bank Of North Carolina,
Bank of Charlotte, aud the Bank of Yanceyve, .
tax of eight (8) ces and to be exempt frem county
tax. Upon Confederate and corporation bonds, not
otherwise taxed onlsi1th of the interest annually
accrung theteon aock interest held in all corpo-
rations or business DO listed with the other ind-
vidual property. .s... s-
Taxes on all propty listed to be paid to the Sher-
il. Schedule Az Account Of unlisted property to
be rendered to the 4erif on oath. Schedule B)
County Courts te6x pay of takers of tax lists
Comptrolle. to furrSh printed lists.
SCHEDULE A. -.
The following subjects to be listed, in addition to
those already mentiqed: ~ Every taxable poll s.;
hrkc L. npf ,vho ~
the State or the Confederate States. ~ Tollgstes,
tunpikes and fsrriegsi1 per cent on amount Of re-
ceipts; and on keeps Of houses of entertainment,
whose annual recssts amount to $500 or more, .
tax of three per cena ts) Every gate permitted 70
be erected scross hlAway, $50. AZ Nots .bavers,
&C., to list their prof land pay tax Of twenty per
cent. upon the same. addition to the tax imposed