Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1874-06-04
South Garolina Iaw5,
THE TAX LAW.

THE TAX LAW.
AN ACT to reduce all acts and parts of acts pro
yiding for the assessment and taxation Of prop
, erty into one act, and to amend the same.
BE it enacted by the Senate and Hou:e o
Representatives of the State Of South Carroll
Ma, now met and sitting in General Assembly
and by the authority Of the same:
Section l. That all real and personal prop
erty in this State, and personal property o.
residents of this State, which may be kept OF
used temporarily out of the State, with the
intention Of bringing the same into the State
or which has been sent out of the State fol
sale and not yet sold all moneys, credits, in
vestmeuts in bonds, stocks, joint stock compa
nies, or otherwise, of parties resident in thi;
State, shall be subject to taxation.
Sec. 2. Every person shall be liable to pay
taxes and assessments on the real estate o
which he or she may stand seized for life, by
courtesy, in dover, as husband in right of hi:
wife, or may have the care of, AS guardian
executor or trustee.
Sec. 8. All executors, administrators, guar
dians, trustees, receivers officers, husbands
fathers, mothers, agents or factors shall be
personally liable for the taxes on all persona
property which they are required, respective.
ly, to list for taxation by the provisions Of this
act, and which was in their possession at the
time when the return thereof for taxation
shall have been made by themselves or the
county auditors, and may retain in their hands
a sufficient amount Of the property, or pro-
ceeds thereof to pay such taxes for the entire
year and the county treasurer may collect
such taxes by any and all the means provided
by this act, either Of the principal or bene6
ciary, or of the person so acting as executor
administrator, guardian, trustee, husband
father, mother, agent or factor, receiver OF
officer.
Sec. 4. The phrase "real property" as used
in this act, shall be held to mean and include
not only land, city, town and village lots, but
all things therein contained, and all struc
lures and other things so annexed or attached
thereto as to pass to the vendee by the con
veyance of the land or lot The phrase "per.
sonal property" as used in this act, shall be
held to mean and include all things, other than
real estate, which have any pecuniary value
moneys, credits, investments in bonds, stocks
joint stock companies, or otherwise. The term
''moneys" or money" as used in this act
shall be held to mean and include gold, silver
and other coin, bank bills and other bills OF
notes, authorized to be circulated as money
whether in possession or on deposit subject tc
the draft of the depositor or person having
the beneficial interest therein on demand. The
term "credits,' as used in this act, shall be
held to mean the remainder due, or to become
due, to party after deducting from the
amount ofall legal debts, claims and demands
in his favor, the amount of all legal debts and
demands against him, whether such demands
be payable in money, labor or other valuable
things. But, in ascertaining such remainder
no deduction shall be made Of any obligation
to any mutual insurance company, given for
insurance, nor of any subscription to the cap,
ital stock of any joint stock company, nor OF
any taxes assessed against the party, nor of
any subscription to any religious, scientific,
literary or charitable purpose, nor of any &C.
knowledgment of liability not founded on a
legal and valuable consideration, nor any
more of any joint liability with others than
the party honestly believes he will be com.
PEELED to pay, nor any contingent liability,
nor of any acknowledgment Of debt or liabili'
ty made for the purpose Of diminishing the
amount of credit to be returned for taxation
TIE phrase "investments in bonds," as used
in this act, shall be held to mean all invest,
ments of money or means in bonds of whatso.
ever kind, whether issued by the government
of the United States, or Of this or any other
State or Territory of the United States, or any
foreign government, or any county, city, town
or other municipality, or by any corporation
or company of this or any State or country.
The phrase "investments in stocks" as used
in this act, shall be held to mean and include
all investments of money or means in the evi.
dences Of Indebtedness, other than bonds or
bills designed to circulate as money, issued by
any government or municipality, and shares
of the pital of any corporation, company or
association, and every interest in any such
shares or portion thereof; also, all interests or
shares in ships, boats or other vessels, used or
designed to be used, exclusively or partially,
in navigating the waters within or bordering
on this State, whether such ship, boat or YES
sci be within the jurisdiction of this State or
not, and whether such vessel be registered or
licensed at any collectors office in this State
ornot. The word "oath, " as used in this act,
shall be held to mean and include an afirma-
ton duly made. The word "person" and
"party," and other word or words importing
the single number, as used in this act, shall
be held to include firms, companies, associa-
tions and corporations; and all words in the
plu,..l number shall apply to single individu-
ais, in all cases in which the spirit and intent
of this and the following chapter requires it.
All words in this act importing the masculine
gender shall apply to females also; and all
words in this act importing the present tense
shall apply to the future also.
Sec. 5. There shall be assessed on all taxa
bic polls in this State an annual tax of one
dollar on each poll, the proceeds of which
tax shall be applied solely to educational pur-
poses Every male between the ages of twen-
ty.one and fifty years. except those incapable
of earning support from being MANNED, or
from any other cause, shall be deemed taxable
polls.
Sec. 6. The following property shall be ex-
empt from taxation, to wit:
1st. All public schools, and the grounds &C.
tually occupied by them, not exceeding, in
any case, three acres.
I'd. All houses used exclusively for public
worship, the books and furniture therein, and
the ground actually occupied by them, not
exceeding, in any case two acres.
3d. All incorporated public colleges, acad-
emies and institutions of learning, with the
funds provided for their support, and the
grounds and the buildings actually occupied
by them and not used with a view to pecunia-
ry profits; but this provision shall not extend
to lease-hold estates held by others under the
authority of any college or other institution
Of learning.
4th All real and personal property, the