The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1865-04-11

Sec. |. The Congress OF the GohTcoefato oiaie
of America do enact That in.additlon TO fhe taxes
le~;ed by the to lay taxes for the common de
fence and to carry the government OF Iae Ion
fedeTate States approved 24th OF <ApIiI. 1903
there shall be levied, from the Passage OF e'iis act
on the subjects of taxation hereafter aaenfoned anc
collected from every person. co-partnership' asso
citation corporation, liable thereto taxes as fol
lows, fo-wit:
l. Upon the value of property, real, personal and
mixed of every kind and description, not herenaf
ter exempted or taxed at a different rate FIVE Pc,
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
as assessed under the law imposing it, and delivered
to the Government Provided, that no credit shall
be allowed beyond FIVE per cent.
| III. On the value OF gold and silver wares and
plate Jewels. jeweify and watches. ten per cent.
III. The value of property taxed under this Sec
ton shall be assessed the basis of the market
value of the similar property in the neigh
borheod where assessed in the wear 1860. except in
| cases where land, slaves, cotton tobacco have
been purchased since the 1st day of January, 1862,
in which the said land, slaves cotton and to-
bacco purchased, shall be assessed at the price
| actually paid for the same by the owner.
Sec 2. On the value of all shares 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 the basis the market value
of such property in the neighborhood where assessed
in such currency may be in general use there, in
the purchase and sale of such property, at the time
of assessment.
Sec 3. /. Upon the amount of all gold and silver
coin, gold dust, gold silver bullion. whether held
by the banks other corporations individuals,
five per cent and upon all moneys held abroad,
upon the amount of all bills of exchange, drawn
therefor foreign countries tax of five per cent;
such tax upon money abroad to be assessed and col
ected according to the value thereof at the place
where the tax is paid.
III. Upon the amount of all solvent credits. and
of all bank bills, and all other papers issued
rency. exclusive of 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 in trade and business,
follows:
+ On all profits made by buying and selling spir-
ituous liquors -four, wheat, corn, rice, sugar. mo-
lasses or syrup, salt, bacon, pork. hogs, beef or
beef cattle, sheep. oats, hay. fodder, hides,
leather, horses, mules boots. Shoes cotton yarns,
wool, wooleE. cotton mixed cloths, hats wagons,
harness, COAL iron steel nails, at any time be-
tween the 1t of January, 1868 and the 1st January
1865, ten per cent, addition to the tax such
profits income under the act to lay taxes for the
common defence, and carry the Government of
the Confederate States, approved April 9th 1868
IL. On all profits made by buying and selling
money gold, silver, foreign exchange stocks notes,
debts credits, obligations of any kind, and any
u,
enumerated in the preceding paragraph, between
the times named therein. per cent, in addition
to the tax such profits as income, under the act
aforesaid
Ill On the amount Of profits exceeding TWENTY
five per cent made during either Of the years 1868
and 1864, by any bank or banking company nsu-
rance, canal, navigation importing AID exporting,
telegraph, express, railroad, manufacturing, dr.,
dock other joint stock company OF any dcscrip-
ton, whether incorporate or not twenfy five pc:
cent such excess.
Sec 5. The following exemptions from taxation |
under this act shall be allowed. to-wit:
l. Property Of each head Of family to the gaI,,.
of FIVE hundred dollars; ana for each minor child IF
the family to the further value of hundred dol
lars; and for each son actually engaged in the army
navy, who has died or been killed in tie sIa-
tary or naval service, and who was member Of the
family when he entered the service to the further
value Of five hundred dollars.
II. Property of the widow of any officer, soldier,
sailor marine, who may have died or been killed |
in the military or naval service where there is
widow. then of the family, being minor children.
to the value of one Thousand dollars.
H. Property of every officer, soldier, sailor or
marine. actually engaged in the military or naval
service. Of such have been disabled in such ser
vice. the value of one thousand dollars; provided
that the above exemptions shall not apply to any
person. whose property, exclusive of household fur
niture shall be assessed at value exceeding one
thousand dollars.
". That whore property has been injured or de- |
stroyed by the enemy, or the owner thereof has
been temporarily deprived of the or occupancy
thereof of the of cultivating the same, by
reason of the presence or the proximity of the enc
my. the assessment on such property may be re- |
duced. in proportion to the damage sustained by |
the the tax assessed thereon may be re-
duced in the ratio by the district collector, on
satisfactory evidence submitted to him by the own
assessor.
Sec 8. That the taxes property laid for the |
year 1864, shall be assessed on the day IF the I
passage of this act and be due and collected on the
first of June next, IS after as practicable |
allowing extension of ninety days West of the |
Mississippi river The additional taxes on incomes
profits for the year 1863 levied by this act shall
be assessed and collected forthwith; ana Inc taxes
on incomes or prbts for the yeaG Ioo4 stall be as
sessed and collected according to the provisions of
the tax and assessment acts of 1868
Sec Z. So much of the tax act of the gath day of |
April. 1868, as levies tax on incomes derived fron
effects the amount or value of hich
tax is levied by this and also the first section
of said act suspended for the year 1864 and no
estimate rent, hire interest property or cred
it's herein taxed I'D ualorem, shall be assessed or
taxed as incomes under the tax act of 1863
Sec s. That the tax imposed by this act on bonds
OF the Confederate States heretofore issued shall
III no case exceed the intesesc on the same and
such bonds when held by or for minors or lunatics
shall be exempt from the ia oil cases where the
interest on the shall exceed one thousand
dollars.
adopted in February. 1864
AN Act To AMEND THE TAX LAWS.
The Congress of the-Gonfederata States of America
do enact, That the first second and third secaHs re