6 x 9 1/2, imprint, 8 pages.
House Bill, No. 338
(Secret)
HOUSE OF REPRESENTATIVES, January 20th, 1865- Minority report of Committee of Ways and Means on Tax Bill.
The undersigned, members of the Committee on Ways and Means, dissent from the action of the majority of that Committee on the subject of taxation, and respectfully submit the following bill as a Minority Report.
CLIFFORD ANDERSON
R.K. GARLAND
E. BARKSDALE
[By Mr. Anderson, from the Committee on Ways and Means]
A BILL
To be entitled An Act to levy and collect Taxes for the Common Defence, and for the Support of the Government for the year 1865, and to repeal certain Tax laws.
The Congress of the Confederate States of America do enact,
Section 1. Except as hereinafter exempted, a tax of three and one fourth per centum shall be levied and collected upon the value, estimated in Confederate Treasury notes, of all the property, real personal and mixed; all goods, wares and merchandise, all gold and silver ware, plate, jewels, jewelty and watches, all gold and silver coin, gold dust, gold and silver bullion, bank bills and money of every kind, all moneys held abroad or bills of exchange drawn thereof; all promissory notes, credits, securities, open accounts, choses in action, and all other property of every kind and description, whatsoever, owned, held, possessed or claimed by any person, either in his own right or in right of another as parent, guardian, executor, administrator, agent, trustee, or in any other character whatsoever.
Sec. 2. In addition to the tax imposed by the preceding section, a tax of ten per centum shall be levied on the gross annual income, whether in money or other things, and from whatever source derived, of every person doing or carrying on any kind of business in the Confederate States, or residing therein, which income shall be valued and collected in Confederate Treasury notes, except where directed by this act to be collected in kind.
Sec. 3. All the property, assets and gross income of corporations, joint stock companies, partnerships and associations of every description, whether incorporated or not, shall be assessed and taxed in the same manner, at the same rate and to the same extent as the property and income of individuals; the tax on such property, assets and income to be assessed against and paid by the corporation, joint stock company, partnership or association; Provided, that the stock, shares or interest representing property or assets in corporations, joint stock companies, partnerships and associations shall not be taxed except on the income derived there from; And provided further, that no bank or banking company shall be liable to pay on deposits of money to the credit of and subject to the checks of others.
Much more content concerning taxes on farmers, agriculture property, the oath that shall be administered to each tax payer, Confederate bonds, and much more. Light age toning. Very fine. |
