The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1866-03-24
AN ACT ENTITLED REVENUE.

saot;on Re it eoarted bq the General As
senabIy OF the State Of North Carolina and a IS
heyebY etacted by tie authority Of the same, That
for the support of the State Government, and to
meet appropriations made by law, tax snail DC
levied upon the subjects embraced in the tolloW-
ing schedule, to be listed and paid as shall be dl-
rected by law.
SCHEDULE A.
1. Real property, with the improvements there
on, including entries of land, ten cents on every
one hundred dollars of its value
3 Every taxable poll one dollar; Prorided,
That persons mained or permanently disabled,
shall be exempt, and also such poor and lntrm
persons as the County Court may declare an6
record tit subjects of exemption. Every person
who, on tue first day OF April, shall nave any per
son subject to poll tax as member OF his family,
or in his employment, or living on his land or IN
his house by consent of the owner of said lands,
shall list such person and pay the tax, and may
retain the same out of any moneys due nm.
3. Every toll gate on a turnpike road, ana eV-
erv toll bridge, five per cent. on the gross re
ceipts and every gate across highway, licen' ed
by law, twenty dollars.
mount to one hundred dollars and upwards, one
per cent, amounting to five hundred dollars and
upwards, five per cent, and one Thousand dolidrs
and upwards, ten per cent
Every stud horse and jackass owned IN the Statc,
let to mares for price, six dollars, TO DC ilSSd
in the county of the owner, unless the pr ce de-
mandcd for The season for one mare, shall exceed
that sum, in which case the amount thus demand
ed, shall be paid as tax.
s. Every dollar of diyident or profit, not pre-
yiously listed, declared, received or due, on or
before the first day of April in each year, upon
money capital invested in shares IN the SANK
of Washington the Merchants Bank of Newbern,
the Bank Of WadcsborO the Bank OF tayetteVIle,
the Commercial Bank of Wilmington, the Var
mers' Bank of North Carolina, the BANK Oh tliar-
lotte and the Bank of Yanccyville, nine cents; !;
and in shares in all other Banks or corporation Il
and trading companies, and in steam vessels OF
twenty tons burden and upwards, four cent S :;
and any persons listing any dividends or profit OF
the Banks herein specially named, shall be requir-
ed to list the same separately from any 0ther di-
for ioh he iS in q
tax and also to specify the name of the Bank
from which said dividend is due or has been re
ccived - r
g. One-tenth of one per cent. on moneys, If
exceeding one hundred dollars, due from solvent
debtors, including States and governments, lex
cept bonds of the United States) or on hahd, or
on deposit with individuals or corporations with
in this State or elsewhere, the term money - 10
include notes of the United States, or OF any
State or Corporation, according to their value ::
Proyided That bonds of this State, issued after
the 23d February 1861 and the balance after de-
ducting the money due and on hand, deots owing
bv the lax payer us principal, and as surety where
tie principal is insolvent, shall only lie liable.
Persons holding such subjects of taxation, as
guardian clerk of any court, executor or admI,
nistrator trustee agent OF whatever klnd snail
list and be liable to pay said tax;
Z. Every State and County officer, every I, Presl-
dent and Cashier, Treasurer, or other ofhcer
of any bank, railroad or either Incorporated com
pany and all other salaried persons, except minis
ters of the gospel, whose annual salaries or fees
amount to, or worth five hundred dollars
or upwards one per cent such total salary
and fees.
person, Joint stock company and corporation, from
any occupation, employment or busess in which
they may have been engaged, and from every inVes-
tlnent of labor, skill, property or money ana Tue
nett income and profit from any source whatever
Except the salaries and fees named i'll the Preced-
ing section,( during the year preceding the flrst
day of April in each and every year, 10 be listed
under the head Of Income" " as follows: II
said income amounts to five hundred dollars and
is less than one thousand dollars, one per cent ;
to md dollars
low two thousand dollars, one and one-half per
cent if amounting to two thousand dollars, and
below three thousand dollars, two per cent il
amounting to three thousand dollars and below
four thousand dollars, two and half per cent
if amounting to four thousand dollars and below
five thousand dollars, three per cent; II amount
ing to five thousand dollars and upwards, three
and one-half per cent. The tax imposed IN TINS
section shall be i'll addition to other taxes in this
imposed except where laid on gross receipts and
dividends and profits elsewhere taxed under TINS
act and shall include interest securities OF the
United States, of this State. or other State or go
vermnent: P,'Orided That in estimating the in
come for the year preceding the first day of A
pril, 1866, those subjects which taxes have ac-
tually been paid, under the Revenue Ordinance
of the Conviction, shall not be included
In estimating the nett income, the only deduc-
ton by way of expenses shall be first, taxes, 9th
er than the income tax due this State
Second. Rent for use of buildings or other
property interest on actual inculnbrance.
Third Usual ordinary repairs, but not
for new building or permanent Improvements.
Fourth. Cost value of the labor, (eXcept
that of the tax payer himself, raw material,
food and all other necessary expenses incilcn
tal to the business, from which the income is de
rived.
9. Every carriage or other vehicle Tor the con
vcyanee Of ofpersons, in use, worth at least h1y DOL
lars, one per cent. on its value. ,
TO- Ali gold and silver plate, gold and slive
plated and jewelry worn by males, lnciuot
ing watch, watch chains, seals and keys, Wnei
collectively of greater value than twenty-five dol
lars. one per cent on the entire value.
II. Every harp and piano in use one dollar, cv
bowie knife
cane and rifle canc Except arms used for muster
ing and police duty used or worn about the per