The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1866-03-28
AN ACT ENTITLED REVENUE.

fe'eoy enacted 0y TIE authority of the same, That
ior the support of the State Government, and to
meet appropriations made by law, a tax shall De
levied upon the subjects embraced in the follow
ing schedule, to be listed and paid as shall be d-
rected by law. 81
SCHEDULE A.
l. Real property, with the improvements there
on, including entries of land ten cents on every
one hundred dollars Of its value ls
~, 2 Every taxable poll one dollar; hogided
Ihat persons MANNED or permanently disabled,
shallbe exempt, and also such poor and infirm
persons, as the County Court may declare and
record nit subjects of exemption. Every person
who, on the first day of April shall have any per
son subject to poll tax as a member Of his family,
OF IN MS employment or living on his land or IN
MS mouse, py consent of the owner OF SAID iands,
shan iist sucn person and pay the tax, and may
retain the same out of any moneys due him.
Q. Every toll gate on turnpike road, and ev-
cry toll bridge, five per cent. on the gross re,
ceipts, and every gate across highway, licensed
by law, twenty dollars @
L Every ferry, the gross receipts OF which a.
mount to one hundred dollars and upwards, one
per cent, amounting to five hundred dollars and
upwards, i've per cent, and one thousand dollars
and upwards, ten per cent
Every stud horse and jackass owned in the State,
let to mares for price, six dollars, to be listed
in the county of the owner, unless the rec de-
manded for the season for one mare, shall exceed
that sum, in which case the amount thus demand
ed, shall be paid as tax
3. Every dollar of divident or profit, not pre-
yiously listed, declared, received or due, on or
before the first day of April in each year, upon
money or capital invested in shares in the Bank
of Washington, the Merchants Bank of Newbern,
the Bank of Wadesboro', the Bank of Fayetteville,
the Commercial Bank of Wilmington, the Far
mers' Bank of North Carolina, the Bank of Char
lotte and the Bank of Yanceyyille, nine cents;
md in shares in all other Banks or corporation
and trading companies, and in steam vessels of
twenty tons burden and upwards, four cents;
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 other dl-
yidend or profit, for which he is liable to
tax, and also to specify the name of the Bank
from which said dividend is due or has been re-
ccived.
6. 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 hand, or
on deposit with individuals or corporations with
in this State or elsewhere the term money" to
include notes of the United States, or of any
State or Corporation, according to their value:
Provided, That bonds of this State, issued after
the 23d February, 1861, and the balance after de-
Quoting the money due and on hand, debts owing
by the tax payer principal, and as surety where
the 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 kind, shall
list and be liable to pay said tax.
z. Every State and County officer, every Presi-
dent and Cashier, or Treasurer, or other officer
of any bank, railroad or ether incorporated COM
pany and all other salaried persons, except minis
tiers OF the gospel, whose annual salaries or fees
amount to- or are worth five hundred dollars
or upwards, one per cent. on such total salary
and fees.
s. On the nett income and profits derived by each
person, joint stock company and corporation, from
any occupation, employment or busiess in which
they MAY have been engaged, and from every inyes
tment OF labor, skill property or money, and the
nett income and profit from any source whatever
Except the salaries and fees named in the preced
ing section,) during the year preceding the first
day of April in each and every year, to be listed
under the head of 'Income" as follows: If
said income amounts to five hundred dollars, and
is less than one thousand dollars, one per cent.
if amounting to one thousand dollars and be-
low two thousand dollars, one and One-half per
cent. if amounting to two thousand dollars, and
below three thousand dollars, two per cent. if
amounting to three thousand dollars and below
four thousand dollars, two and a half per cent;
if amounting to four thousand dollars and below
five thousand dollars, three per cent it amount
ing to five thousand dollars and upwards, three
and one-half per cent The tax imposed in this
section shall be in addition to other taxes in this
imposed, except where laid on gross receipts and
dividends and profits elsewhere taxed under this
act and shall include interest securities of the
United States of this State, or other State or GO
yernment P.ogided That in estimating the in
come for the year preceding the first day OF A
prii, 1866, those subjects on which taxes have ac
turity -eoe,, Pei ndiar- shs Revenue Ordinance
of the Convection, 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 of buildings or other
property, or interest on actual incumbrance
Third. Usual or ordinary repairs, but not
for new building or permanent improvements.
Fourth Cost or value of the labor, Except
4l..s 49, 81
food, and all other necessary expenses inciden-
tai to the business, from which the income is de-
| rived.
| 9. Every carriage or other vehicle for the con-
veyance ofpersons, in use worth at least fifty dol
| lars one per cent. on its value.
| 10. Ali gold and silver plate, gold and silver
| plated ware and jewelry worn by males, includ-
| ing watch, watch-chains, seals and keys, when
collectively of greater value than twenty dol
! lars, one per cent on the entire value.
| IL. Every harp and piano in use one dollar ev-
| cry dirk, bowie-knife pistol, sword-eane, dirk
cane and rifle cane Except arms used for muster
| ing and police duty used or worn about the per-
| son of any one at any time during the year, one
dollar: Progidci, That this tax shall not apply
to arms used or worn previous to the ratification
of this act, and any person who shall wear said
weapons, and fail to list the same, and pay the
tax, shall be guilty of misdcmeanor.
II Every resident of the State who brings into
the State or buys from nonresident, whether oy
/
or cordals ale, porter, lager-beer, or other malt
liquors for the purpose of sale, fifteen per cent.
on the amount of his purchases; every person
! who buys to sell again, spirituous liquors, wines
or cordials, or malt liquors, from the maker, In
this State, his agent, factor or commission Iner-
| chant. ten per cent. ON the amount OF his pur-
| chases.
10. Upon all real and personal estate, whether
legal or equitable, situate within the State, which
| shall descend or be devised or bequeathed to any
/ II,fa 1,alot TAM ~ MIR nor
| descendant Orancestor OF the husband or wife OF
| the deceased or husband or wife OF such ances-
tor or descendant, or to Which such collateral re-
| ation may become entitled, under the law, for
| distribution of intestate estates, and which real
and personal estate may not be required in pay
| ment of debts and other liabilities, the fol-
lowing per csntun tax upon the value thereof
| shall be paid:
Glass |. If such collateral relation be bro
| Their or sister of the father mother OF the de-
ceased or issue of such brother sister, tax of
| two per cent.
Glass 2. If such collateral relation be more
remote relation or the devisee or legatee be a
stranger a tax of three per cent.
The real estate liable to taxation shall be listed
by the devisee or heir in separate column de-
signaling its proper per cent. tax
| The personal estate or real estate reduced to as
sets shall be liable to tax in the hands of the ex-
ecutor or administrator, and shall be paid by him,
! before his administration account is audited or
the estate is settled to the sheriff of the county.
If the Hesitate descended or devised shall not
be the entire inheritance the heir or devisee shall
pay pro rata part of the tax, corresponding with
the relative value of the estate or interest.
If the legacy or distributive 81 are TO be receiv-
ed shall not be the entire property, such legatee
or dstributee shall, in like manner, pay a pro
rata part of the tax, according to the value of his
interest.
Whenever the personal poperty in the hands of
such administrator or executor, (the same not be-
ing needed to be converted into money in the
course of the administration shall be of uncer-
tain value, he shall apply to the County Court
to appoint three impartial men of probity, to as
sess the value thereof; and such assessment be.
ing returned to Court and being confirmed, shall
be conclusive of the value. 49,