Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-03-07
Reported Expressly Tor The J"HrpaI.
ACT TO RAISE REVENUE.


taxes hereinafter designated, payable !
in the existing national currency, shall !
be assessed and collected under the /
rules and regulations prescribed by |
law.
SEC. 2. On each taxable poll or male |
between the ages of twenty-O;le and /
fifty, except such poor and intirm per- |
sons as the County Commissioners may
declare and record fit subjects for ex-
emption, there shall be annually levied |
and collected tax of one dollar and |
five cents, the proceeds of such tax to
to be devoted to purposes of education
as may be prescribed by law. Ii any
poll tax shall not be paid within sixty
days after the same shall be demanda-
BILE, it shall be the duty of the Sheriff.
if he can find no property of the person
liable sufficient to satisfy the same, to
attach any debt or other property in
capable of manual delivery, due or be-
longing TO the person liable. or that
may become due to him before the ex-
pirat.on of the calendar year, and the
person owning such debt, or havif 6
such property in possession, shall be
liable for said tax.
SEC. 3. Thetaxcs hereinafterd esigna-
ted shall be applied to defray the ez-
penses of the State government, and
to pay appropriations for charitable
and penal institutions
CLASS L
Sec. /. There shall be an G1 ratoren'
tax of twenty cents for the general fund
on every one hundred dollars value Of
re Al and personal property III the State,
subject to e2e nptions made by law,
including moneys, credits, bonds.
stocks, sc.
SEC 9. A snecial tax Of seven cents
on the one hundred dollars shall be
! levied and collected on all the taxable
property OF the State TO meet an exist
ing deficiency in the treasury. That
| wherever i'll any law Or act OF incorpo-
ration granted either under the geu-
! eral law or by special act since Attn
! July, 1868, there is any limitation Of
| taxation, the same IS herein repealed,
and IL the property and effects OF I'll
such corporations shall be liable to
jull taxation like property owned by
| individuals.
Sec. 3. 4 special tax Of nine cents On
the one hundred dollars shall be levied
and collected on all the taxable prop
,rty of the State for the Insane Asylum
| and the Institution for the Deaf, Dumb
and Blind
SEC. 4. A specialtax OF six cents on the
one hundred dollars shall be levied and
collected on al taxable property Of tn"
State to be applied to the support of
the convicts of the Penitentiary, and
the same, and for no other purposes.
CLASS II.
The subjects and persons mentioned IN
p ya.Iy a.
specially mentioned.
Sec. l. On the net incomes and profits
other than derived from that prop
erty taxed from any source whatever
during the year preceding the first day
Of April in each year, there shall DO -
tax Of one per cent. The income tax
shall include inter est on the securities
of the United States, of this State or
other States or government. In estl-
mating the net income the only deduc-
ton by way of expense shall be:
]. Taxes other than the income tax
lue this State.
2 Rent for use of buildings or ether
property or interest on encu!lhrancs'
on property used in the business from
which the income is derived.
g. Usual or ordinary renairs OF tie
!
derived.
(. Cost or value of the labor. except
that of the taxpayer himself, raw ma
) terial. food and all other necessary cx-
penses incidental to the business from
which the income is derived, together
with the necessary expenses Of sap
; porting the family, which shall IN lic
instance exceed lie Thousand dollars.
s. The TAXPAYER shall return To tbs
assessor the net amount OF his income
: which return the assessor shall file i.
the office of the County Commission
} ers.
: SEC. 2. Upon all real and persona
; estate, whether legal or eonitabie
s tuated within the State, which shai
: descend or be devised or beQueathet
| to any collateral relation or person
2 other than a iineal descendant OF an
? cestor of the husband )r wife OF the
deceased, or husband or wife OF suci
! ancestor or descendant, or to wiIic!
Q such collateral relations may become
5 entitled under the law for the distri
/ button Of the interstate estates. arc
which real and personal estate may mo-
be required III payment of debts anG
o her liabilities, the following per cen,
turn tax upon the value thereof shall
/ be- paid:
1. If such collateral relation tie s
brother or IL sister Of tie father OF
mother of the deceased. or ISSUE o.
: such brother or sister, 8 tax OF one pei
I cent
. 2. II such collateral relation he &
more remote relation or the dcvisee OF
legatee be a stranger, Il tax Of two auG
half per cent. The real estate iahlt
! ~, I, l. I
; visee or heir IN separate column
designated its proper per cent tax.
! The personal estates or real estate
.sdnced TO assets, shall be liable K
The tax il the hands Of the executor o.
administrator, and shall be paid BY
him before his administration acco1lnt
is ausiited, OF the real-estate is settled
10 tie Shcri-- = !lle comfy. II the
real estate descended CT devised shal
not be tho entire Inheritance the he;r
or devisee shall pay Il pro sota part o.
the tax, corresponding with the relative
value OF the estate OF interest. II the
legacy or distributiva share to be re-
ceived shall not be the entire property,
suci, leeatae or distrihutee shall in like
manner pay Il pro rQt9 part OF the tax
according to the value OF his OF her
interest. Whenever the personal
property in the hands of such admins
traitor or executor (the same not being
needed to be converted into money in
the course of the administrator shall
be of uncertain value, he shall apply
to the County Commissioners to ap-
point three impartial men OF probity to
assess the value thereof, and such as
sessment being returned to the Com
missioners, and being confirmed, shall
be conclusive of the value. To faciii-
tate the collection Of tax on collaterals,
every executor or administrator shall
return in lis inventory whether the
estate of the deceased goes IL the
lineal or collateral relations. OF. 10 ii
stranger, and if to collaterals, whether
such collateral belongs to the first or
second class above mentioned, under n