Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-02-27
00li!mIllgtou HSournal.
WILMINGTON, N. c.
FRIDAY. FEBRUARY 81. 1874.
A ACT TO IcAIsE nEvENUE.

r North CuTOtJtto TO CItUCt, 4ddL ChS
taxes hereinafter designated, payable
in the existing national currency. shall
he assessed and collected under the
rules and regulations precr1bed by
IaT.
sec. 2. On each taxable poll or male
between the ages of twenty-One and
t;ftv except such as are both poor and
infrm that the county commissioners
may declare and record fits subjects
ror exemption. there shall be annually
1evied and collected tax of ninety
Eve cents, the proceeds Of such tax to
he devoted to PURPOSES of education
crd the su ,yport of the poor, as may be
prescribed by law. II any poll tax
hall not be paid within sixty days
,fter the same shall be demandable, it
shall be the duty of the sheriff, il l'e
can find no property Of the person liz
bIe sufficient to satisfy the same, 20
ottach auy debt or other property in
canab!e OF manual delivery due o. b.
longing to the person liable, or that
,nav become due TO him before TIE
cvnirot;ou of the calendar year, and
tie person owing such debt or having
such property III possession, Shai- 10
Liable for said tax.
y.
mated shall be applied 10 dcfray the ex-
1enses Of the State government, ana
to ray appropriationIor charitable anu
penal institutions.
Glass J.
Sec. !, There shall DC All I'D r0'OTe}s1
tax of sixteen and tWO-thlrds (lO7)
cents for the general fund on every
one hundred dollars value of real ami
personal property i'll the State, sub
ject to exemptions made by law, IL
c,uding moneys, credits, bonds, stocks,
etc.
Sec. .. 4 special tax OF nine cents
on the one hundred dollars snail be
levied and collected on all the taxa
able property OF the State for the in
sane Asylum and the Institution for
the Deaf, Dumb and Blind.
Sec. 3. A special tax Of six cents on
the one hundred dollars shall be levied
end collected ON all the taxable prop
ertyof theState to be applied to the sup
port of the convicts, and to Il general
prosecution of the work connected with
the tenitentlary.
CLASS II.
The subject 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 what
ever during the year preceding the
iirst day of April IN each year there
shall be tax of one per ccntum. The
income tax shall include interest on
the securities of the United States, III
this State. or other States or govern
ments. In estimating the net income
the only deduction by way Of expense
shall be:
l. Taxes other than the income tax
due this State.
2 Rent for use Of buildings or other
property or interest on encumEr@ncf
on property used III the Business from
which the income Is derived.
3. Usual or ordinary repa T. for tie
buildings from which the income IS de-
rived.
4 Cost or vLlue Of the labor except
thet of the tax-p YER himself, raw ma
ferlal, food and a. other necessary t2,-
penses incidental to q business frCIa
which the income il Dis. ,ved, together
W I'll the necessary ext}....aes OF sup
porting tire family, which TO in
stance shall o7,ceel ono tiAou,...'>d 6o}-
lars.
). The t,.z-T aveE ~l,au ,esnrn - 'i-e
assessor the net ula.rnt OF his lncOls.r-
which return the assessor snail file Ii
the Office OF the county com mlsciOneTs.
Sec. @ That wherever III any law
OF act Of Incorporation granted either
by the general law or by special &C.,
since fourth e Juiv, one thousand
eiGnt hundred srd si11E-eig!it, there IS
any limitation O. taxation, the sane IS
hereby repealed, ono all the proper
and effects OF al such corporations
shall be liable - frii taxation. IKE
property owned " individuals.
SCHEDULE B.
Tho taxes in this schedule imposed
arc license tax fog the privilege OF car
rying on the business or doing the a3t
named and nothing IL this schedule
contained shall I've Construed 10 relieve
any person from the payment Of the
I'd vri0Tc2D tax on his property, rs
required by tie preceding Schedule
and no city, town or Other 1nunic;p
corporation shall have powcvto impose,
levy or collect any greater sum on real
md personal property than one ana
s,Ee-half per centIgrD OH the value thcte-
of : Py0UidcI, That this &c. shall Lot
apply to cities or towns where a rate u
taxation IS fixed ii their charters.
5ec. /. Travelling theatrical compa-
MES shall pay five dollars fOr each eH-
hibition. When tbs theatrical cxhio:-
lions are by the season Of not less tlI1n
one month, tie tax sh&l. be Gftv del
lars per quarter,
Sec. .. On each concert OF musical
artG ut i,rN =
five dollars, unless such concert, must
ca! entertainment or lecture be given
for religious or charitable purposes !;
Un each lecture fer reward five dollars
Sec. 3. On museums, vax-wor!ss OF
curiosities Of any kind, natural or ;,Eti-
ticia., Except paintings and statues, j
en- each days and nights exhibited.
shall be paid I've dollars.
Sec. I. On every exhibition u a
circus OF menagerie, for each day ur
part of a day. one hundred ard fifty
dollars, ana for each side SHOW OF con
cert accompanying Il circus OF Il me-
aagerie, Tor which extra charge is
made, twenty-five dollars tJr each DIV
or part Of n day.
Sec. 3. On all itimerant Companies,
or persons, who exhibit fer amusement
of the public, otherwise than - 10rE-
toned III the four breeding sections,
five dollars for each exhibition or per
Torrance. Flying trapezc shall pay a
tax of ten dollars annually. Ezhii,;-
'ons given without charge for admis-
sion shall be exempt, and provided
that all fairs or exhibitions rthc pro-
motion of religious, educational OK
charitable objects, shall DO exempt.
Sec. 6. On all gift enterprises, cr
IN any person OF establishment offer
ing any article for sale, and proposing
~ present purchasers with any gift or
prize as an irduceu2ent to purchase,
zen dollars and one per centum upon
tie gross receipts, to ice p;.id to the
sheriff or the county. And on any lot
terry, whether known IS beneficial as
soclation or otherwisa, five hundred
dollars and FIVE per centrm on gross
receipts, to be paid to the Treasurer
OF tho State. This tax shall
not be construed as license, or to re-
HoTe such persons or establishments
from any penalties incurred by yio-
iGt!on Of the law.
See very agency Of bank in