The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1866-03-27
The Revenue Law,
Passed by the General assembly Of North
Carolina at the Session 1866.


Be it enacted by the General Assembly o.
the State of North Carolina, and it is hereby
enacted by the authority of the same, That fo
the support of the State Government, and tt
meet appropriations made by law, tax shall be
levied on the subjects embraced in the following
schedules, to be listed and paid, as shall be di'
rected by law:
| SCHEDULE A.
l. Real property, with the improvements
thereon, including entries of land, ten cents on
every one hundred dollars of its value. =,
2. Every taxable poll, one dollar: Provided
That persons MANNED or permanently disabled
shall be exempt, and also such poor and in6rm
persons as the county court may declare and re-
cord lit subjects of exemption. Every person
who, on :he first day of April, shall have any
person subject to poll tax, as'a 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 him.
8. Every toll gate on turnpike road, and
every toll bridge, five per cent on the gross re-
ceipts and every gate across a highway, lcens
ed 6y law, twenty dollars.
4. Every ferry, the gross receipts of which
amount to one hundred dollars and upwards,
one per cent; amounting to five hundred dollars
and upwards, five per cent; and one thousand
dollars and upwards, ten per cent.
a. Every studhorse and jackass owned in
the State, let to mares for price, six dollars,
to be listed in the county of the owner, unless
one mare shall exceed that sum, in which case
the amount thus demanded shall be paid as tax.
5. Every dollar of dividend on profit not
previously listed, declared, received or due, on
or before the first day of April in each year, up
on 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 Will
ming.on, the Farmers Bank of North Carolina,
the Bank of Charlotte, aud the Bank of Yam
ceyville, nine cents; and in shares in all other
banks or corporation and trading companies, or
in steam vessels of twenty tons burden and up
wards, four cents; and any person listing any
dividends or profit of the banks herein specially
named, shall be required to list the same sepa-
rately from any other dividend or profit, for
which he is liable to a tax, and also to specify
the name Of the bank from which said dividend
is due, or has been received.
6. One-tenth of one per cent on money, if
exceeding one hundred dollars, due from SOL
vent debtors, including States and governments,
except bonds of the United States, or on hand,
or on deposit with individuals or corporations
in this State or elsewhere; the term ssmoney"
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, aud the balance after
deducting from the money due and on hand,
debts owing by the tax payer principal, and
as surety where the principal is insolvent, shall
only be liable. Persons holding such subjects
of taxation as guardian, clerk of any court, exc
cutor or administrator, trustee agent Of what
ever kind, shall list and be liable to pay said
tax.
7. Every State and County officer, every
President and Cashier or Treasurer, or other
officer oe any bank, railroad or other incorpora-
ted company and all other salared persons, ex-
cept ministers of the Gospel, whose annual sala-
res and fees amount to are worth FIVE hun
dred dollars or upwards, one per cent. on such
total salary and fees.
| 8. On the net income and profits derived by
each person, joint stock company and corpora
| ton, from every occupation, employment or
business in which they may have been engaged
and from every investment of labor, skill, prop
erty or money, and the net income and profit
from every source whatever Except the salaries
and fees named in the preceding section) during
the year preceding the first Of April in each
anu every year, " pe ilsteu uuuer the neao ol
income, as follows:
| If said income amounts to FIVE hundred dol
lars, and is less than one thousand dollars, one
per cent; if amounting to one thousand and
below two thousand dollars, one and one half
per cent; if amounting to two thousand and
below three thousand dollars, two per cent: if
amounting to three thousand dollars and below
| four thousand dollars, two and half per cent !;
| if amounting to four thousand dellars and below
five thousand dollars, three per cent; if 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 act, imposed,
except where laid on gross receipts and dv-
! dends and profits elsewhere taxed under this
act and shall include interest on securities of
the United States, of this State, or other State
or government. Provided, That in estimating
| the income for the year preceding the lst day
of April, 1866, those subjects on which taxes
have actually been paid under the Revenue Or
/ dinance of :he Convention shall not be included.
| In estimating the net income, the only deduc-
tion by way of expenses shall be,
| First, Taxes other than the income tax due
this State.
| Second, Rent for use of buildings or other
! property, or interest on actual incuDbrance
| Third, Usual or ordinary repairs, but not for
new buildings or permanent Improvements
| Fourth, Cost or value of the labor Except
that of the tax payer himselO except raw ma
terial, food, and all other necessary expenses
! incidental to the business from which the In
come is derived.
! 9. Every carriage or other vehicle for the
conveyance of persons, in use, worth at least
| fftv dollars one per cent. on its value.