The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1865-01-17
PUBLIC ACTS
Passed at the first Session Of the I'd Congress Q
the Confederate States.
AN ACT TO AMEND THE TAX LAWS.

AN ACT TO AMEND THE TAX LAWS.
The Congress of tie Confederate States of America
do enact That the first second and third sections
the sAct levy additional taxes for the common de-
fence and support of the Government approved 18th
February 1864 be amended and fs-enacted, SO as to
read as follows, to-wit
| Section l. That in addition to the taxes levied by
the uAct to Law taxes for the defence and to
carry on the Government of the Confederate States
approved April twenty fourth, eighteen hundred and
sixty three there shall be levid from the 18th day OF
February 1854 subjects of taxation hereinafter
mentioned, and collected from every person. copart-
nership, ssociation corporation, liable therefor,
taxes af follows, to-wit
/. Upon the value of all property real, personal
and Mixed of every and description, not herein
after exempted taxed different rate, per cent:
Provided that from the tax on the value of property
employed in agriculture shall be deducted the value OF
the tax in kind derived therefrom during the same
year. assessed under the law imposing it, and de-
lvered to the Government whe her delivered during
year or afterwards including the bacon, delivera
BILE after prior to, the assessment of the tax
on property employ in agriculture afort said: and
the collection Of the tax on snch property shall oe sus-
pended after assessment under the order OF the Sec
rotary of the Treasury until the value of the 1.-THE to
be deducted be ascertained, and when so ascer-
tained shall be the duty Of the post
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 sAct 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 ware and plate
jewels, jewelry and watches, ten per cent :.
HI. The value of property taxed under this section
shall be assessed ON basis of the market value OF
the same, similar propertyin the nelghborhood
where assessed in the year 1850, except in cases
where lands slaves, cotton and tobacco have peen
purchased since the first day of January. 1882 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, Ihat iand
purchased by refugees and held and occupied by them
for their and residence, shall be assessed ac
cording to it's market value in the year 1851
Sec 2 That section second of act entitled "An
act to levy additional for the common defence
and support of the government" approved ltn rep
ruary 1864, be- and the same is hereby, repeaed ana
it is hereby declared that all the property ana assets
of corporations, associations and joint stock compa-
MES every description whether incorporated or not
shall be assessed and taxed IN the same manner, ana
to the same extent as the property and assets of ind
viduas the tax such property and assets to De as
sessed against, and paid by such corporations, asso
Citations and joint stock companies: Provided, That
no bank or banking company shall be liable to pay
upon deposites money to the credit Of and SUP
ject the checks Of others Provided further, That
the stock shares interests representing property or
in corporations joint stock companies, or as
soeiaons shall not be assessed taxed: And provi-
Ged further, That ali property within the enemys
lines be- and the same is hereby, exempted from All
taxation long as it remains in the enemys lines
Sec 8. That paragraph one of section three of an
entitled can levy additional taxes for the
common defence and support of the government" ap-
proved 18th February, 1864 be, and the same is here
by amended and enacted so as to read as follows
Upon the amount of all gold and silver coin gold dust
gold silver bullion, moneys held abroad, or bills of
exchange, drawn therefor, promssory notes, rights,
credits and securities, payable in foreign countries,
FIVE per be- paid in specie Confederate trea
sury notes at their value compared with specie at
the time the payable the relative value of spe
Gle and Confederate treasury for the purpose of
payment under this to be fixed by regulations to
be prescribed by the Commissioner of Taxes, under
the direction of the Secretary of the Treasury.
Sec 4. That section sixteen of the "Act to amend
act entitled 'An act to lay taxes for the common de
fence and the Government of the Confederate
Sates,'" approved nth February, 1864, be, and the
same is hereby, amended, SO as to read as follows:
I. The income, property and money, other than
Confederate treasury notes, of hospitals, asylums,
churches, schools colleges and other charitable insti
tons shall be exempted from taxation under the pro-
visions of this any other law The property OF
companies formed under the act entitled AN act to
establish volunteer navy shall be exempt fo tax
ation except on the income.
H. That paragraph g. Sec T. the act be and the
is hereby amended by adding thereto follows
"ff any person shall fail to make due return,
quired by said section of the income profits taxed
under any law of Congress, in of disagreement
with the assessor to submit the to referees as
provided by law, shall fail refuse TO pay the tax
thereon, within such time 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 20 be in default Provided
such person shall be deemed and held be in de-
fault who may fall has failed to make payment,
due returns in consequence of the presence inter-
ference of the enemy h~absence neglect of the
officers charged with the assessment. and collection OF
taxes"
Sec. s. That this act shall be construed to
subject taxation corn bacon and other gricultural
products, which produced in the year 1868, and
in the possession of the producer the 7h Of Feb
1884 and necessary for the support of himself and
family during the present year, and from which
in kind have been deducted and delivered paid
Sec. g. That section +, paragraphs and g of the act
approved 18th February, 1864 entitled Gan levy
additional taxes for the defence and support
thpG Cove mpnfr he M cd 1ny
tional tax OF thirty 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 ls day of July which additional
shall be collected under said act.
Sec. Z. That all treasury of the old issue.
issue prior the st day of January, 1865 and
which may remain outstanding that day, u tax Of
one hundred per cent. is hereby imposed.
Sec s. That section seven of entitled San act
to levy additional taxes for the common defence and
support Of the Government" approved eth February,
1864 be- and the same is hereby repealed and the fol-
lowing inseri ed in lieu thereof:
I. That the first section of the "Act to lay
of the Confederate States" approved oath April 1862
is suspended for the year 1854 s
II. In all cases where tax is levid on income de-
rived from property real personal and mixed every
description, on the amount value of which ad |
Udtorc tax is laid the od u0Loreu tax shall deduct
ed from the income tax: Provided, That in no case
shall less be paid than the dd Dalorc,n tax.
Ill In the assessment of income derived from man.
ufacturinp mining. there shall be ted he