Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1870-04-01

except such poor and inGrm persons as the
County Commissioners may declare and
record fiji subjects for exemption, there
shall be annually levied and collected 6
tax Of seventy five cents. the proceeds o.
such tax to be devoted to purposes of edu
cation as may be prescribed by law. +
any poll tax shall net be paid within sixty
days after the same shall be demandable
it shall be the duty of the Sheriff, if he
can find no property of the person liable
sufficient to satisfy the same, to garnishee
any person indebted to the person liable,
or who may become indebted to him be
fore the expiration of the calendar year
and the person SO garnisheed shall be liable
for said tax.
Sec. 3. The taxes hereafter designated
shall be applied to defray the expenses OF
priations for schools, charitable and penal
institutions.
Sec. /. There shall be an ad UaL0repe tax
of twenty cents on every one hundred dol
lars in value of real and personal property
in this State, subject to exemptions made
by law. This tax shall be levied in ad.
dition to such special taxes as are author.
lied by this General Assembly for county
purposes. Upon ell moneys, credits, in
vestments in bonds, not exempted by law,
|
stocks, joint stock companies, or other
wise, fve-twentieths of one per cent. OF
their cash value. Preceded, That all the
tax for State and county purposes, imposed
upon all real and personal property shall,
in no case, exceed two-thirds of one per
cent, except special taxes for county pur-
poses, when such taxes have been or may
be ratified by majority of the qualified
voters in the counties in which the te xes
are proposed to be levied, unless they are
for necessary expenses of said counties
Sec. q There shall be an al vazo,.ena tax
of one-twelfth of one per cent. on every
one hundred dollars in value of real and
personal property for educational purposes
| Sec. 3. There shall be an al UaEOrena tax
of One-twelfth of one per cent. on every
one hundred dollars in value of real and
personal property to be applied to the
completion of the Penitentiary.
GLASS 2.
The subjects and persons mentioned in
the following class shall be taxed as
specially mentioned /:
Sec l. On the net incomes and profits,
other than that derived from property
taxed, from any source whatever, during
the year preceding the first day of April
in each year, there shall be tax of one
and One-h half per cent. The income tax
shall include interest on the securities OF
| the United States, of this State, or other
state or government. In estimating the
net income, the only deduction by way of
expenses shall be:
| l. lakes other than he income tax due
this State.
| 2. Rent for use OF buildings or other
property, or interest on membranes on
property used in the business from which
| the income is derived.
3. Usual or ordinary repairs Of the
buildings from which the income is de-
rived.
4. Cost or value OF the labor,
Except that Of the tax payer
himself,) raw material, food, and al
other necessary expenses incidental "a
the business from which the income is de-
rived, together with the necessary expen-
SEES OF supporting the family, which shall
in no instance exceed one thousand dol
lars.
The taxpayer shall return to the asses
sor the gross amount of his income and
the grcss amount OF his expenses to be de-
Quoted therefrom, which return the asses
sor shall file in the Office of Clerk of the
County Commissioners.
Sec. 2. Upon all real and personal es-
tate, whether legal or equitable, situated
within the State, shall descend, or be de-
vised or bequeathed to any collateral reIa-
ton or person, other than ilneal deScen-
dant or ancestor Of the husband or wife Of
the deceased, or husband or wife of such
ancestor or descendant or to which such
collateral relation may become entitled,
under the law, fer tue distribution of the
interstate estates, aud which real and per
sOnal estate may not DC required IN pay
ment Of debts and other liabilities, the fol-
lowing per cGutum TAX upon the value
thereof shall be paid:
l. If such collateral relation be brother
or sister Of the father or mother OF the de-
ceased, or issue of such brother or Sis
ter, a tax of one per cent.
2. If such collateral relation be O more
remote relation, or the deVisee OF legatee
be a stranger, a tax of one per cent. The
real estate liable to taxation shall be list
ed by the devisee or heir, in a separate
column, designating its proper per cent.
tax. The personal estates or real estate
reduced to assets, shall be liable to the
tax in the hands of the executor or admin
istrator, ard shall be paid by him before
his administration account is audited, or
the real estate is settled, to the Sheriff of
the county, If the real estate descended
or devised shall not be the entire inherit
ance, the heir or devisee shall pay pro
rata part of the tax, corresponding with
the relative value of the estates or interest.
If the legacy Or distributive share to be re-
ceived, shall not be the entire property,
such legatee or distributee shall, in like
manner, pay a pro rata part of the tax &C
cording to the value of his or her interest
Whenever the personal property in the
hands of such administrator or executor
(the same not being needed to be convert
ed into money, in the course Of the admin
istration,) shall be of uncertain value, he
shall apply to the County Commissioners
to appoint three impartial men of probity
to assess the value thereof; and each assess
ment being returned to the Commission
ers, and being confirmed, shall be conclu-
sive of the value.
To facilitate the collection of tax on col
laterals, every executor or administrator
shall return in his inventory whether the
estate of the deceased goes to the lineal
or collateral relations, or to stranger; and
if to collaterals the degree of relationship
of such collaterals to the deceased, under
e penalty of one hundred dollars, to be re-
covered in the name and for the use of the