The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1867-01-09
THE TAX ACT.

The following 10 tho Tax Act passed
by the Legislature Of South Carolina, at
its late Session:
Upon the following articles, there shall
be an Gd vdlorem tax paid, as property
according to its assessed value. W.: On
all real estate, 80 cents, on every 800,
except such lands as may be in possession
Of the Frcedmen's Bureau in January
next; on the capital stock of all gas light
companies. 30 cents On every 800; on
articles manufactured for sale, barter or
excEange, between the LIST day cf Janua.
~, le69, and January, 1857; 81 on
every 500, to be paid By the msuutac
turoT or tho gross amour, of aIl spiritu
ouaIiquors (excsfs on Iiquor. manrfac,ur
cd in thia State from fruits 10 their sea.
son, sold hom January to December
81, 1907, 10 per cent, to be paid quar-
terly to tho tas collectors CT tho several
DistrG,e; CO buggiss, carriages, gold and
silver plato watches, jswel:y and pianos,
on hand January !, 1867, except those
held by dealers for ,ale,$l on every 500.
Upon all gross incomcs derived from
the following sources there stall be paid
a tax Of the per cent. borein specified on
the aggregate amount received between
the frs, day Of January, 1896. and tho
first day Of January, 1867 : From EN-
ploymsn,s, faculties and r5ofe,sionc, in
cluGing the profession Of dentistry (who
the' in the profession OF the law the Fro.
fits be derived from the costs Of suit, fees.
or ether seurces OF professional ircone),'
excepting clergypeu, 81 on every 500
on commissions received by brokers, ven
duo Iiasters, factors, commission mer.
chants, dealers in exchange ('oro,gn or
domec:ic,, CT In mortgages, bo-3s cad
o.har nego,;abis papers. So on every
$lCc; on the g:-9s amcgnt O! prcmiums
received by insurance cor psu:,s iGcorpo
rated wi,hin this State, % Oh ovory 500;
on tbs gross amount CT premiums receiv,
ed BY agencies OF Insurance companies
and underwriters Incorporated without the
limits OF thic State, SO o. every 500:
on the gross amount Of the receipts CT
express companies. SO on ovory 800, to
be paid to ths Treasurer OF the State
on the gross amount Ct the rsceip.a Of
telegraph cotopanios. G5 on every 500 {;
on the gross amcUn. OF receipts from the
sa.s OF pictorial newcpapsso or magazines
$25 on every sloo Oh tho grcas receipts
OF no"spapsrs publish I'd in this State, 81
on every 800; on too arnoant CT Gales
Of goods, varcs, merchandise, smbraciuz
all tho articles oftrase for sale, bsrtor, or
exchange iSPirituoUs iiquers ast the pre-
ducts OF this State, eod ths uamaruftc-
tursd products Of s0y Of the United
States, or Territories Thereof. sJcepted),
which aay psrson shall hG7s made from
the IS. day Of January. o. the present
year, 10 the let day Q! January, 4. D.,
1861, % cent, or every 800; for same
ariiclca, . tGx Of SO cent, fos the euau;ug
year, o. thu gross profits Of national
banks, so on every 500; on the 10
comes derived from the srt Of photograph,
ing and dagaeusoiyping, 81 on every
800; on all incomes amounting to more
than $500 per annum derived from ssIs.
ries, rents, dividends, and money ., inter,
est, in excess Of $500, or every sl60 {;
on incomes derived from saw, -four, and
gris, mills. and also from Cotton ginosd
on toll 81 on every sl0o on the eros.
incomes of all railroads (rot exempted
BY law, 81 on every 800, but that when
. part OF q railroad only is within the
limits Of this State, the return Of its in
come shall bear the same ratio to its
whole income that the length Of Rad 10