The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1865-03-28
PUBLIC. ACTS
Passed at the first Session Of the I'd Congress
tie Confederate States.
AN ACT TO AMEND THE TAX LAWS.

The Congress of the Confederate States of Americs
do enact, That the first second and third sections
the Act to levy additional for the common de-
fence support of the Government" approved It'll
February, 1864 be amended and reenacted, ss tc
read as follows, to-wit:
Section l. ThM, in addition to the taxes levied BY
the "Act to lay for the common defence and to
carry on the Government of the Confederate States,
approved April twenty fourth, eighteen hundred and
sixty three there shall be leyid from the 9Th day
February 1864 the subjects of taxation hereinafter
mentioned and collected from every person, copart-
nershp, association corporation, liable therefor
| taxes af follows, to-wits
i l. Upon the value of all property real personal
and mixed of every kind and description, not herein
after exempted taxed at different rate, per cent:
ProvdeN that from the tax the value of property
employed 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-
livered to the Government, whether delivered during
the year or afterwards including the bacon devera-
BILE after and prior to, the assessment of the tax
properly employed in agriculture aforesaid: and
the collection of the tax such property shall be
pended after assessment, under the order of the Sec
rotary of the Treasury until the value of the 1.-THE to
be deducted can be ascertained, and when so ascer
tained it shall be the dnty of the post quartermaster
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 "Act reduce the currency and to authorize
a new issue of and bonds" in like manner as
other taxes payable during the year: Provided That
| credit shall be allowed beyond five per cent
II. On the value of gold and silver and plate
| jewels, jewelry and watches, ten per cent.
Ill. The value of property taxed under this section
shall be assessed the Basis of the market value of
the same, or similar property in. the neighborhood
where assessed, in the year $780, except in
where lands slaves, cotton and tobacco have been
purchased since the first day of January. 1884, in
which the said land slaves, cotton and tobacco
purchased shall lie assessed at the price actually
paid for the by the owner: Provided, That land
purchased by refugees and held and occupied by them
for their and residence, shall be assessed
cording to its market value in the year 1860.
q That section second of an entitled An
act to levy additional taxes for the defence
and support of the government, approved 18th Feb
ruary 1864, be- and the is hereby repealed; and
it is hereby declared that all the property AMI assets
of corporations, associations and joint stock compa-
Mes ofevery description whether incorporated not
shall be assessed and taxed in the manner, and
the extent, the property and of ind-
viduals the tax such property and to be
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 deposifes of money to the credit of and sub
ect to the checks of, others: Provided further That
the STOCK shares interests representing property or
assets in corporations joint stock companies,
soeiations shall not be assessed or taxed: And prov
ded further, That all property within the enemy'c
lines be, and the same is hereby, exempted from all
taxation long it remains in the enemy's lines.
Sec. 3. That paragraph one of section three of an
act entitled can act to levy additional taxes for the
common defence and support of the government" APP
proved 18th February 1864. be, and the same is here
by amended and enacted, as TO read as follows:
Upon the amount of all gold and silver CON- 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 cent be paid in specie or Confederate trea
sury notes 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 be fixed by regulations
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
entitled can act to lay taxes for the de-
fence and carry the Government of the Confederate
States" approved 18th February, 1864, be- and the
same is hereby, amended, so as to read as follows
l. The income, property and money, other than
Confederate treasury notes, of hospitals asylums,
churches, schools colleges and other charitable ;nst
TONS shall be exempted from taxation under the pro-
visions of this ac any other law The property of
companies formed under the entitled Gan act TO
establish volunteer navy shall be exempt fc tax
alton, except on the income.
H. That aragraph sec. Z the act be and the
same IS hereby amended by adding thereto follows
'If any person shall fail to make due return, re-
qured by said section of the income profits taxed
under law of Congress, or in of disagreement
with the assessor to submit the referees,
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 d.
rection Of the Commissioner of Taxes, such person
shall be deemed and held 20 be in default: Provided
such person shall not be deemed and held TO be in de
fault who may fail, has failed to make payment or
due returns in consequence of the presence inter-
ference of the enemy the absence neglect of the
officers charged with the assessment and collection of
taxes"
Sec S. That this shall not be SO construed as to
subject taxation corn bacon and other agricultural
products, which produced in the year 1863 and
in the possession of the producer the 18th of Feb
1864, and necessary for the support of himself and
family during the present year, and from which
taxes kind have been deducted and delivered paid
Sec 6. That section paragraphs and g of the act
approved 18th February 1854, entitled can act levy
additional taxes for the common defence and support
of the Government" 10 amended to levy addi-
tional of thirty per cent. upon the amount of all
profits made by selling the articles mentioned in the
said paragra phs betw the 18th day of February
1864 and the LIST day of July next, which additional
tax shall be collected under said act.
Sec. L That on al treasury of tie old ISSUE
of the denomination of five dollars exchanged for
new issue prior TO the LIST day of January 1865, and
which may remain outstanding that day, tax Of
one hundred per cent. is hereby imposed
Sec. g. That section of an entitled "An act
to levy additional taxes for the defence and
support Of the Government" approved Nth February
1864 be- and the same is hereby repealed and the fol-
lowing inserted in lieu thereof
l. That the first section of the "Act TO lay taxes for
the common defence and to carry on the Government
of the Confederate States approved oath April 1863
is suspended for the year 1864.
H. In all cases where tax is levid income de-
rived from property real personal and mixed of every
description, on the amount value Of which ad
vdtorem is laid the al UdL0Ten shall bG deduct
ed from the Income tax: Provided, That in
shall less be paid than the I'D Udtorem tax.
H. In the assessment of income derived from man |
uacturing mining, there shall be deducted from the
gross income or profits, the necessary annual repairs
not exceeding ten per the amount Of the in
come derived therefrom. And, in addition to the de-
ductions allowed by law in the assessment of in
der he hal ha