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

TO LEVY ADDITIONAL TAXES FOR TIE YEAR
EIGHTEEN HrNDRED AND SIxTY-FlyE FOR THE
SUPPORT OF THE GOVERNMENT. :
!, The Congress Qfthe G0ql&aerate States Of
Anaerico d0 enttct, That in add ton to the
taxes levied bY the act approved February
seventeenth, eighteen hundred and siXty-four,
entitled "An act to amend an act entitled an
act 70 lay taxes for the common defence and
carry, or. TIE Government of the ConfrderatS q
States" apprdNed twenty fourth Of April,
eighteen hundred and sixty three, there shall
be levied for the year eighteen hundred and
sixtv.tive, on the subjects Of taxation herein
after mentioned, ,and collected from every
person, copartner$hip, aSSociation or corpora
ton liable therefor, taxes as folloN s, to-wit:
f.. l. Upon the value of.all prnperty, real, per-
sonalsor mixed, of every kind and descrptio'k
not hereinafter exempted, or taxed at differ
ent rate, eight per cent. The value Of the
properly taxed under this section Shall be as,
seSSed. on the basis of the market value of the
same or similar property in the neighborhood
where assessed, in the year eighteen hundred
and sixty au,l, ii is hereby declared that all
the property and assets Of corporations ;ESso-
=ciati6nS or jnint:Sto&k companies, whether in
corpora1 ed or not, shall he assessed and faxed
in the same manner and to tho same extent
as,the property and assets Of Individuals. The
tax on such property and assets to be assessed
against and paid by such corporations asso.
cSrtioaS or Joint, stock companies: Procided,
That no bank or banking company shall be
liable to pay, a tax on deposits of money to
the credit nf, and sutjecT. to the checks Of
others: and ptoeided Ju1tter, That the stock
or shares representing property or assets in
corporations, associations or j"int stock c'tfil-
panieS shall not be assessed or taxed aS prop.
ertv under THIS act :; hut the dividends derived
therefrom shall be subject tu be taxed as in
come under existing laws. =
3. II. Urun the amount Of all gold or. silver
coin, and upon the amount of all moneys held
Abroad or bills of exchange drawn the cfor,
spromiS$ory notes, rights, credits and Securi-
ties, PAYABLE in foreign countries; and upon
the value ofall gold dust Or gold and silver
bullion, valued in. specie, twenty per cent
and'upon the value of gold and silver wares,
plate. Jewels, iewerv and watches, valued on
the basis of the yalue Of such property in.zthe
year eighteen hundred and sixty, ten per.
cent -. ~. ..s ~. ,.,
III. Upon the amount of all mnnevs except
those mentioned in paragraph two, bunk hills,
treasury notes and otlfer paper issued as cur
reucy, on hand or on deposit on the day Of.
the approval Of this act, live per cent, -.
". Upon the amount of all solvent credits,
except thUse mentioned in paragraph two. five
per cent: Proriaed, That 2ll the bonds and
stocks issued by the Confederate States ~ by
any State, and Sf loans to the government of
the Confederate States, shall be exempt from
taxation, except as 10 thr interest payable
thereon, which shall be taxed dSiincomc under
existing laws: PnariGe} further, That the
interest on the bonds, stocks ny obligations Of
the Confederate States, o. Of any State: stall
not be taxed us income in caSrswhe"e the acts
under which they were issued contain & >tiYu
lation that the interest thereon shall be ex.
empt from taxation.
Y. Upon profits made by buying and selling
~ merchandise, effects, or property OF any de-
scription, or money, gold, silver, stocks, cred
its or obligations of any kind, ut any time be-
tween January the first, eighteen huud ed
and sixty-tive, and 'Jaauary the first eighteen
hundred and Sixty-siS, ten per cent, n addi-
ii to :he tax on such profits as incotAe.
Said profits TO be; aScertained hy the difference
between the price3.1id in Confederate treas
ury notes including all costs and charges, and
&1e> price realized in the same currency : Pro-
cid6d, That If the objects Of sale were pur'
chased atany time since january the first,
eighteen hundred and sixtv-th'ee, this addl.
$ional tax shall attach on the profits realized
on the sale thereof during the year eighteen
hundred and siXty-fve.
VI. Upon the amount of profits exceeding
twenty-five per cent. made dAring the year
eighteen hundred ana sixty-fve by any bank
or banking company, insurance, canal; navi-
cation, importing or exporting, telegraph, ex,