The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1865-01-10
SYNOPSIS OF THE NEW REVENUE LAW
FOR NORTH CAROLINA


The following synopsis of the new Revenue Law
recently adopted by State Legislature, is copiet
from the Raleigh Progress:
An ad ralorene tax Of one per cent. is levied fol
the support of the State government, the paymen
of its debts, &c, uEon the assessed cash value o
the following subjects on the lst day Of April
1868, to wit:
Real estate in this State ProUtaed, that where
property has been wholly or in part destroyed since
that time, the value is to be fixed by the owner
agent attorney, on oath; aud in case the tax
taker is dissatisfied two free holders are to decide
| the value, and if they disagree a third is to
be selected by them and their decision is to be final
All slaves, Except such as the county court
may exempt,) the value of said slaves to be ascer-
tanned by the same person who ascertains the value
of lands.
Money due from solvent debtors, or on hand, or
on deposite with individuals, or in the banks, or
other corporations ProUidcd, that Confederate and
State Treasury notes aud coupons past due, of the
bonds oil any State, corporation, except coupons
on bonds Of the State issued prior to Feb 23 1861
shall be considered money, and, Provided the per
son listing the money hand a1d at interest shall
be allowed to deduct debts owing by him as prin-
cipal, aid also as surety where the principal is it,
solvent
Money invested in manufacturing and steam
shares, fixed by the charter, if the shares be in
a corporation, and if there be no Incorporation
then upon the amount invested: money invested in
State bonds issued since the 23d of Feb 1861 ::
money invested in county bonds, or bonds of ncor-
porated towns; and also ia every species of trade
and traffic, not otherwise taxed.
Household aud kitchen furniture above the value
of 5000, except articles specifically taxed.
All cotton and naval stores and tobacco except
~ tlo. Inoo cd IL,
owner for his own use or that of his family or de-
pendants: and also such cotton as may have been
purchased by any person or corporation for the
purpose of manufacturing: ProUid(d that no more
cotton held by manufacturer shall be exempt
than is needed for the consumption Of one year.
Property taxed more than one per cent. not to
be liable to the tax OF one per cent but to be listed
separately.
On every dollar of nett dividend or profit not
previously listed, declared, received or due, or
before April lst in each year upon money or
capital Invested in shares in the Bank Of Wash
ineton, Merchants Bank, Bank of Wadcsboro
Bank Of Fayetteville, Commercial Bank, Bank Of
North Carolina, Bank of Charlotte, and the Bank
of Yanceyville, tax of eight (8) cents, and to be
exempt from county tax. Upon Confederate and
corporation bonds, not otherwise taxed, oaesirth
of the interest annually accruing thereon. Stock
or interest held in all corporations or business to
Taxes on all property listed to be paid to the
Sheriff. Account of unlisted property to be rem
dered to the Sheriff on oath.
Couoty Courts to fix pay of takers Of tax lists.
Comptroller to furnish printed lists
The following property shall be exempt from
taxation:
All lands or other property belonging to the
Confederate States, this State or to any county
in this State, to the University, Colleges, or
other institutions of learning; all town halls, market
houses, public squares, &c; mechanical and farming
tools, books, canoes, senes, &c.
SCHEDULE A.
The following subjects to be listed, in addition
to those already mentioned Every taxable poll So;
but soldiers to be exempt, whether in the service
OF the State or the Confederate States Toll gates,
turnpikes and ferries six per cent. on amount of
receipts; and keepers Of houses of entertain
ment, whose annual receipts amount to $500 or
more, tax Of three per cent. Every gate per-
mitted to be erected across a highway $50. Note
sbavers, &C. to list their profits and pay tax of
twenty per cent upon the same, in addition to the
tax imposed upon the interest they may receive
upon such notes, &c,-no deductions to be made
on account of any losses sustaincd Persons en-
gagged in buying and selling slaves, five per cent.
on amount of purchases. Persons not regular
Dealers but who buy slaves to sell again, two per
cent on amount of purchases. Pleasure carriages,
over the value of $50, two and a half per cent on
the value. Studs and jacks SIS each, or the !
highest price for the season for one mare. Gold |
and silver plate, plated ware, jewelry &C.. worn by
males il over $25 in value, two and half per |
cent Watches, except those by soldiers, |
two and half per cent on the value Every harp |
s5 Every piano 81. Every gald headed cane
ST. Every silver headed So Two and q |
half per cent on the receipts of surgeons dentists,
physicians, lawyers portrait painters, daguerrean
artists commission merchants, factors, produce .
brokers and auctoneers, when such receipts amount
to $1,000; and on all other persons, except Judges
the Governor, and military officers, whose wages /
fees salaries or perquisites amount to $1,000: one
per cent On every dog, not under eight months .
old, So 80, provided two dogs are exempted for .
eyery head Of family, anl one dog for any person
not the head of family. "Dead heads" on rail
roads FIVE cents pei. mile Brandy distilers for /
themselves, and those having brandy distilled, 50 .
cents per gallon. On liquors brought from beyond
the State for sale, 80 per cent on the profits
Liquors bought in the State for sale, ID pcr cent
On the profits Or dividends and profits five per
cent On profits annually made in buying and
selling or in the manufacture of cotton wooden !.
goods. and leather or articles made Of leather, iron
tobacco, and in the making of salt, where such
profits are equal $4,000 tax of eight per cent;
and # equal to $4,000, tax Of twelve per cent;
sLd if equal to $50 900, of fifteen per cent
On collateral descents from two to six per cent,
,ording to consanguinity.
SCHEDULE B.
S,tb;ecfs Tdred H3tL0ut BEING Listed.