Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1871-04-07
REPORTED FOR THE JOURNAL.
Az VT To RAISE REVENUE.

dt S gnated, payable In the existing national
currency, shall be rs Sessed and collected
under the rul's and regulations prescribed
by law.
| Sec. ,. On each taxable poll or male be
tween the ages IF twenty ono and fifty,
except such poor and infirm persons as the
| County Commissioners may declare and
record fit subjects for exemption, there
shall e annually levied aud collected tax
Of 90 Cents, the proceeds of such tax TO be
devoted t. purposes Of education as may
be IRE crii ell bg law II any poll tax
hall n"t he paid within sixty days after
the same shall he demanded. it shall be the
duty Of The Shelit1 If h. can find no prop
erty of the person ii4ble, sufficient to Fatisty
| the same. 10 Ga'n36ht Ony pr I3on indebte d
to the person liable or who may become
indebted t" BIN before the expiration OF
| the call ndsr year, acd the person SO gar
nlsheed shall be liable for said tax.
| Sc 3 The taxes hereafter designated
slsli be appIis "a TO defray the expenses of
| the Safe government. and t, pay appro
pfiahune for charitable and penal institu-
| tl0E6.
CLASS l.
| Section l. There shall be I'll tuI ruIorene
| tax of y cents for general fund and s
| cents for Insane Asylum and Institute for
| the Deaf, Dumb and Blind, on every one
| hundred dollars in value Of real and per-
sonal property in this State, subject TO ex-
emptions mads by law, including moneys.
| credits, bonds. stocks, &c: PrOrided, That
all the taxes fer ordinary State and county
purposes, lmI Osed upon all real and per
acnal property, shall in no case exceed
| two-t thirds of one per cent.
Sec. 2. A special tax OF ono tenth of one
per cent. sha be levied IN addition to the
ordinary * provided for in this act on
all taxable prof erty to provide for an ex-
listing deficiency.
Sec. 3 A special tax Of twelve cents on
the enc hundred dollars shall be levied and
collected on all taxable property of the
State, to be applied to the erection of the
penite ntiary and support of the convicts.
CLASS 2.
The subjects and persons mentioned in
the following class shall be taxed rs
specially mentioned:
Section 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, the ro shall be a tax of one
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 in
como the only deduction by way of expense
shall be
1. Taxes other than the income tax due
this State.
2. Rent for uSe of buildings or other
property, or interest On encumbrances 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 all other necessary expenses in
CT dental to the business from which the in.
come is derived, together with the neces-
sary expenses of supporting the family,
which shall in no instance exceed one
thousand dollars.
The tax payer shall return to the Asses
sor the gross amount of his income and the
gross amount of his expenses to be deduct
ed therefrom, which return the Asse ssor
shall file In the office of Clerk of tho County
Commissioners.
Sec. 2. Upon all real and personal es-
tate, whether legal Or equitable, situated
within the State, which shall descend or
be devised or bequeathed to any collateral
relation or person, othor than lineal de-
soeudant or ancestor of the husband or
wife of the deceased, or husband or wife
of such ancestor or descendant, or to which
such collateral relations may become en-
titled under the law for tie distribution of
the interstate Estates, AID which real and
personal estate may not be required in
payment of debts and other liabilities the
following per centum tax ppon the value
thereof shall be paid.
l. Ii such collateral relation be a brother |
or sister of the father or mother OF the |
deceased, or issue of such brother or tis, |
ter. n tex of one per cent.
2. Ii such collateral relation be a more |
remote relation, or the dsvisee or legatee |
be stranger, tax of two and half per |
cent. The real estate liable to taxation |
shall be listed by the devi.ea or heir in "A |
separate column. designating its proper |
per cent. tag. The personal estates or real !
estate rednc. d to assets, shall be liable to |
the tax IN the hands OF the executor or |
aud shall be paid by him |
before HIS administration account is au-
dled or tn real estate is settled, to the |
Sb.IItf of to- county. If the real estate
d o. canded OF devised shall not be the en- |
tire 1nhe rltauce, the heir or devisee shall |
ray pro rats part of the tax, correspond
ing with toe relative value of the estate or
interest If the legacy or distributiye
share to be received shall not be the entire
property, such le2atee or Distribute shall
IN like manner pay pro rata part of the
tax according to re value of his or her
interest. Wbeoever the personal property
in the hands of such admlnist ator or exc.
cutor (the Same not being needed to be
into money, in the course of the
administrator shall DE of uncertain value,
be shall apply to the County Commission
ers to appoint three impartial men of
probity to assess the value thereof, aud
such assessment being returned to the
Commissioners and being confirmed, shall
be conclusive of the value.
To facilitate the collection of tax on col
Isterals, every executor or dministrator
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
a penalty OF one hundred dollars, to be
recovered in the name and for the use of
the State; and it shall be the duty of the
superior Court Clerk of the County to
furnish the Sheriff with the names of the
executors and the administrators, who
make such returns, after each and every
Term of his Court.
SCHEDULE B. Ii