The tri-weekly herald. [volume] (Newberry, S.C.) 1865-1865, 1865-04-01

description, WAetueT lhC"' Pota tateu '" Hots,
twenty. five per cent: P'0cided, That this
tax shall apply TO individualsand partnerships
engaged IL trade or in any business or en-
ployment enumerated in this paragraph, as
we'll as to corporation or jnint stock eompa.:
pes. Iororid6l further, That individuals and
partnerships who havc not been assessed or
who rave not paid for She year eighteen hun
dreh and sixtv-four the tax of seventy I'VE
per cent. imposed on the excess of profits
over twenty-five per cent for that year, shall
be assessed and required 70 pay during the
year eighteen hundred and sixty five, twenty
per cent. on The excess f profits, over twenty
five per cent. realized during the year eighteen
hunt-rd and siXty:f0ur H.. i
SEC. 2. Tie property, the income and nc
nirs of Hospitsls. AsylnmS, GhuEcheS, Schools,
Colleges and charitable institutions, Shall hc
ex mpt from taxation under the provisions OF
this net, or any other law. All property
within the lines of tine enemy shall be exempt
from taxation, so long as it remains within
such lines; but any income derived theFefrom
shall be taxed as ihcume under existing laws.
The exemption enumerated in paragraphs
one, two and three. of section five OF the act,
entitled IAN act to levy adnilal1al taxes for,
the comnion defence and snppnrt Of the Gov:
enment," approved Seventeenth Of Fctruary,
eighteen hundred and sixty four, aret hereby
ry-,nactcd household furniture, when the
value does not exceed three hundred dolalS,
zon lac basis of the value thereof in TIE year
eighteen hund,ed,and sixty, wearing apparel,
goods manufactured bV any person for ahe
use and cons utnption of his family, Including
Slaves, poultry, fruit and the product, Of gar,
dens, when said poultry, fruit. and ptU'MctS.
are raised for4he family of the producer, and
and rot; for sale, corn, hacun ard other agri-'
cultural products, which were produced III
year eighteen hundred and sixN-lour. and
necessary for III. tax payer 5 family including
slaves, during the present year. and III his
possession on the day Of the approval of 'thiS
act, shall be exempt from taxatIoa. So ~.
Sec. 3. That thetaxe on property for the,
year eighteen hundred an2>ixty five, imposed
by this act, shall be assessed as IN the day of
the passage of this act, and be due and
collected on tie first day of June next, or as
soon thereafter as practicable. The additional
taxes on profits for the year eighteen hundre
and sixty.fve shall be assessed aud collected
according to the provisions of existing laws in
regard to the aSSes>neht and collection Of
taxes on incomes, and all the taxes iu'posed by
this act. as well as the taxes on incomes and
profits, and the specific tax, and taxes Oh,
sales, shall be payableiu Confederate treasury
notes, Of the new issue, Or in the certificates.
Of Indebtedness authorized by an act entitled
''aa act.to reduce the currency and t. Dauthosize
a new issue of notes aud bonds approved
February seventeenth, eighteen hundred and.
>ixty-four, at par, without any allowance for
irtereSr: Pr00ide9, That at least onc,haf nf
said taxes shall he paid in treasury notes; as
aforesaid, and Prcvided .further, That the
tax for the increased pay OF soldiers shall Se
pai,t in Confederate treasury notes, OF the
new Issue, only. And it Is hereby enacted
that the certificates Indebtedness, authorized
br the Sai!i act of Feb uary seventeen, eighteen
buudred and sixty four, may be issued for
debts contracted prior 10 the passage Of said
act. And the Agent Of the Treasury ftr the9
TrahS-Mi~siS>ia,i DePartnen he aud he is
hereby authorized t. Issue, uNdef regulations
to he prescribed by the Secretary Of the
Treasury, the certificates of Indebtedness pro-
ridel for in said act cf February seventeenth,
eighteen hundred and SiXtv-four, for debts
contracted prior OF subsequent to the passage
of said act, in the Trans Mississippi Depart
uleu;, and that all the certificates above
mentioned shall be received in parmeat Of
saii taxes, in like manner and to the same
extent as the ce' titicates originally authorized
hy the said act of seventeenth of February
eighteen hundred and sixty-fnur, subject to
the provisions above mentioned. Il 81.
Sec T. That upon all the subjects Of taxa
ton mentioneiin this act and the act approved
seventeenth of February, eighteen hundred
and sixtv-fonr, eptitled IAN act to amend an
act entitled an act to lay taxes for the common
defence and carry on the Government If the
Confederate States" approved twenty. fourth
of April. eighteen hundred and sixty three,
there shall be levied and assessed for the year
eighteen huadred and sixty five, traditional
tax, in money. equal to one eighth of the
amount of the tax on the same subjects.
imposed for the year eighteen hundred and
sixty five; bv this act and the said act Of
seventeenth Of February, eighteen hundred