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

the tax in kind derived :herefrom during the same
year, assessed under the law imposing IT. ana ae-
iivered to the Government whether delivered during
the wear or afterwards including the bacon, delIvera
bic after not prior to, the assessment OF the tax
on preperty epIoTed agriculture aforesaid: and
the collection OF Tie on such property shah oe sus-
pended assessment, under the order OF the See
rotary the Treasury until the value OF the 1.-THE to
deducted can be ascertaine d. and when so ascer-
tained II shall be the duty Of the post quartermaster
to certify and the district collector to deduct the
,alne of snch ti1he and any balance found due may
be paid in bonds and certificates therefor, authorized
by the ct to reduce the currency and to authorize
"a new Issue Of and bonds, in like manner as
other taxes payable curing the year PROVIDED That
! H. On the value of gold and silver ware Ind plate
jewels jewelry and watches, ten per cent.
III. The value of property taxed under this section
shall be assessed the basis of the market value of
the same, similar property III the neghbolh hood
here assessed, in the year 1850, 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
purchased shall be assessed at the price actually
paid for the same by the owner: Provided That land
purchased refugees and held and pied by them
for their own and residence, shall be assessed
cordng its market value in the year 1860.
| Sec 2 That section second of act entitled Gan
to levy additional taxes for the common defence
and support of the government approved nth Feb
ruary, l864 be. and the is hereby repealed ard
is hereby declared that all the property ana assets
of corporations, associations and joint stock compa-
MES every Descriptions whether incorporated or not
shall be and taxed in the manner, and
to the extent. property anuaSSetS OF
yduals; the such property and assets to be
sessed against and paid by, such corporations, asso
Citations and joint stock companies Provided, That
| bank banking company shall be liable to pay q
tax upon deposies of money the credit Of and sub
ject the checks Of others: Provided further That
the stock, shares interests representing property
assets in corporations or joint stock companies.
soeations, shall not be assessed or taxed And provi
Ged further, That all property within the enemye
lines be, and the is hereby exempted from all
taxation long it remains in the enemy's lines.
TIotyo o1hO of fbree Cfa
act 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 all gold and silver coin 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 be paid in specie Confederate trea
sury at their value, compared with specie at
the time the payable; the relative value Of spe
Gle and Confederate treasury notes. for the purpose of
payment under this act, to be fixed by regulations
be prescribed by the Commissioner of Taxes, under
the direction of the Secretary of the Treasury.
Sec a. That section sixteen Of the "Act to amend
an act entitled An lay for the de-
fence carry the Government of the Confederate
States" approved 18th February, 1864, be, and the
same is hereby, amended so as to read as follows:
1. The income, property and money, other than
Confederate treasury notes, of hospitals, asvums,
churches Schools colleges and other charitable nsti
lions shall be exempted fsom taxation under the pro
visions of this act, any other law The properly of
Companies formed under the act entitled IAN to
establish volunteer navy" shall be exempt frcm
alton, except The income.
H. That paragraph g. of the act, be and the
same is hereby amended by adding thereto follows:
eff any person shall fail make due return,
CURED by said section, OF the income profits taxed
under any law OF Congress- or IN case OF disagreement
with the assessor to submit he>same referees,
provided by law, shall fail refuse pay the
thereon, within such time as shall be prescribed by
public notice, by the district collector, under the d.
rection Of the Commissioner of Taxes, such person
shall be deemed and held to be in default Provided,
sach person shall be deemed and held be in de
fault, who may fall or has failed to make payment or
due returns in conseq uence of the presence inter-
ference of the enemy the absence neglect of the
officers charged with the assessment and collection of
taxes
Sec ). That this shall be so construed as to
subject to taxation bacon snd other agricultural
products which produced in the year 1863 and |
in the possession Of the producer the eth of Feb
1861, and necessary for the support of himself and
family daring the present wear, and from which |
III Kind have been deducted and delivered paid
Sec That ection paragraphs aud 2, of the act
approved 18th February, l864, entitled can levy
additional taxes for the common defence and support
of the Government, be amended levy an addi-
tonal tax Of thirty per upon the amount of all
profits made by selling the articles mentioned the
said paragraphs: between the 18th day of February
1864, and the lst day of July next, which additional
tax shall be collected under said act.
Sec. 7. That all treasury of the old issue
of the denomination of FIVE dollars, not exchanged for
new issue prior to The st day of January, 1862 and
one hundred per cent. is hereby imposed
See s. That section of an entitled "An act
to levy additional taxes for the offence and
support Of the Government" approved 9Th February
1864 be- and the same is hereby, repealed and the fol-
lowing inserted in lieu thereof:
l. That the first section of the 'sAct to lay taxes for
the common defence and to carry tue Government
of the Confederate States" approved 24th April 1863
is suspended for the year 1864.
II. In all cases where tax is Ievid on income de-
rived from property, real personal and mixed of every
description, the amount value of which an od
Val0re laid the ad UQore tax shall be deduct-
ed from the income tax: Provided, That in no case
shall less be paid than the dd palorenn tax
III. In the assessment of income derived from man.
ormining there shall be deducted from the
income or profits, the necessary annual repairs
not exceeding tea per cent the of the in
come derived therefron. Aud in addition to the de-
ductions allowed by law in the assessment Of in
derived from any source the following shall be
made namely: The Confederate taxes actually paid nv
the sales made h2 him. and the conln seions
actually paid by the consignor shipper selling
and in the production manufacture Of pig metal or
O her iron, the OF fuel.
Sec. O. That all citizens of any one Of the Ccnfcde-
States temporarily residing in another State shall
be liable be assessed and taxed in the State or dis
in which he may temporarily reside shall
be the duty of all such who have heretofore made
of their taxable property to the district assessor
where they may temporarily reside, within thirty DAYS
the passage Of this make such return; aud
ary liable to be assessed and taxed aforesaid
shall fail refuse, within the said period of thirty
iays make such shall be liable to all 3bp
pains and penalties imposed by the laws Of the Confed
crate States in such
APPROVED June a. 1861.
THE NEW TAX LAW. {