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 TO AMEND THE TAX I.AWi:. 
 
 The Congress of the ConjMerate Stales of America lio enact, That the 
 firdt, second, ami third sections of the act to levy additional taxes for 
 the comuion defence and support of the Government, apjiroved seven- 
 teenth of February, eighteen liundred and sixt3'-four. be amended and 
 re-e"nacted, so as to rend as follows, to wit; 
 
 Section 1. That in iuUiition to the taxes Icviecl by the "Act to lay 
 taxes for the common defen.oc. ajid to carry on the Government of the 
 Confederate State;?,"' approved April t\. ly.O.i, there shall bo levied^ 
 from the 17th day of February, 1804, on the subjects of taxatioa 
 hereinafter mentioned, and collected from every person, copartner- 
 ship, association or corporation, liable therefor, taxes as follows, to 
 wit: 
 
 I. Upon the value of all property, real, personal au<l mixed, of 
 every kind and description, not hereinafter exempted or taxed at a 
 difterent rate, five per cent.: Provided, That from the tax on the value 
 of property employed in agriculture slsall be d;ducted the value of the 
 tax in kind den\"ed therefrom during the *ameye;ir, as assessed under 
 the law iuijiosing it, and delivered to tiie Government, whether de- 
 livered duung the year or afterwards, including the bacon, deliverable 
 after, and not prior to, the asscsftmeut cf the tax on property employed 
 in agriculture, as afortisaid ; and the collection»of the tax on such 
 property shall be suspendc<l after assessment, under the order of the 
 Secretary of the Treasury, until the value of the tithe to be deducted 
 can be ascertained, and when so ascertained, it shall be the duty of 
 the post quartermaster to certify, and of the district collector to de- 
 duct, the value of such tithe, and any balance found due m9.y be paid 
 in bonds and certificates therv;for, authorized by the "Act to reduce 
 the currency and to authorize a new issue of notes and bonds," in like 
 manner as other taxes, payable during the year : Provided, That no 
 credit shall be allowed beyond five per cent. 
 
 II. On the value of gold and silvei*ware and plate, jewels, jewelry, 
 and watches, ten per cent 
 
 HI. The value of property taxed under this section shall be as- 
 sessed on the basis of the market value of the same, or similar prop- 
 erty in the neighborhooil where assessed, in the year eighteen 
 hundred and sixty, except in cases where lands, slaves, cotton, and 
 tobacco have been purchased since the 1st day of January, lNfi2, in 
 which case the sai<l land, slaves, cotton, and tobacco so purchased, 
 shall be assessetl at the price act\iully pai<i for the same by the owner; 
 Provided, That Iniid purchased by refugees, and hell and occupied 
 by them for their own use and repidence, shall be assesseil according 
 to its market value in the vear 18tiO. 
 
2 
 
 Sec. 2. That section second of an act entitled ** An act to levy 
 additional taxes for the common defence and support of the Govern- 
 ment," approved 17th February, 1864, be, and the same is hereby, 
 repealed ; and it is hereby declared, that all the property and assets 
 of corporations, associations, and joint stock companies, of every 
 description, whether incorporated or not, yhall he assessed and taxed 
 in the same manner, and to the same extent, as the property and as- 
 sets of individuals ; the tax on such property and assets, to be as- 
 sessed against, and paid by, such corporations, associations and joint 
 stock companies: Provuled, That no bank or banking company shall 
 be liable to pay a tax upon deposits of money to the credit of. and 
 subject to the checks of others : Provided further. That the stock, 
 shares or interests, representing property or ;is>iets in corporationsor 
 joint stock companies, or associations, shall not be assessed or taxed . 
 And, -providtd further. That all property within the enemy's lines be, 
 and the same is hereby, exempted from all taxation so long as it re- 
 mains in the enemy's lines. 
 
 Sec. 3. That paragraph one, of section th)ee, of an act entitled 
 " An act to lev}' additional taxes for the common defence and support 
 of the CTOvernment," approved 17th February, 1864, be, and the same 
 is hereby, amended and re-enacted, so as to read as follows : '• Upon 
 the amount of all gold and silver coin, gold dust, gold or silver bul- 
 lion, moneys held abroad, or bills of exchange drawn therefor, prom- 
 isory notes, rights, credits, und securities, payable in foreign coun- 
 tries, five per cent, to be paid in specie, or Confederate treasury 
 notes, at their value, as compared with specie at the time the tax is 
 payable ; the relative value of specie and Confederate treasury notes, 
 for the purpose t)f payment under this act, to be fixed by regulations 
 to be prescribed by the Commissioner of Taxes, under the direction of 
 the Secretary of the. Treasury. 
 
 Sec 4. That section sixteen, of the " Act to amend an act entitled 
 ' An act to lay taxes for the common defence, and carry on the Gov- 
 ernment of the Confederate States,' approved 17th February, 1864," 
 be, and the same is hereby, Jimended, so as to read as follows; 
 
 I. The income, property .and money, other than Confederate treas- 
 ury notes, of hospitals, asylums, churches, schools, colleges andoth^r 
 charitable institutions, shall be exempted from taxation under the 
 provisions of this act, or any other law. The property of companies 
 formed under the act entitled " An act to establi-sh a volunteer navy," 
 shall be exenpt frr m taxation, except on the income. 
 
 II. That piiragraph six, section seven, of 'he same act, be and the 
 same is hereby amended by adding thereto, as follows: 
 
 "If any person shall fail to moke due return, as required bj' said 
 section, of ihe income or profits taxed under any law of Coiigross, or 
 in case of di>agr( ement wuh the assesor, to submit the same to referees, 
 as provided by law, or shall fail or refnse to pay the tax theron, with- 
 in such lime as shall be prescibed by public notice, by the district 
 collector, under the direction of the Commissioner of Taxes, such 
 person shall be dcenied and held to be. in default : Provided, That such 
 person shall not be deemed and held to be in default, who tuay fail, or 
 
has failed to make payment, or due returns in consequence of the 
 prefence or interference of the enemy. oi;,the absence or neglect of 
 the ofticers charged with the assessment and collection of taxes." 
 
 Sec. 5. That this act shall not be so construed as to subject to taxa- 
 tion, corn, bacon, and other agricultural products, which were produced 
 in the year 1863, and in the possession of the producer on the 17th 
 •February, 1864, and necessary for the support of himself and family 
 during the present year, and from or on which taxes in kind have 
 have been deducted and delivered or paid. 
 
 Sec. 6. That section four, paragraphs one ami two, of the act ap- 
 proved February 17, 1864. entitled "An act to levy additional taxes for 
 the common ilel'ence and support of the Government," be so amended 
 as to levy an additional tax of thirty per cent, upon the amount of 
 all profits made by selling the articles mentioned in the said para- 
 graphs, between the 17th day of February. 1,86 1. and the first day of 
 July^next, which ad<litionnl tax shall be colh^cted under said act. 
 
 Skc. 7. That on all treasury notes of tlie old issue, of the denom- 
 ination of five dollars, not exchanged for new issue prior to the 1st 
 day of January, 186.5. and which may remain outstanding on that 
 day, a tax of one hui.died per cent, is hereby imposed 
 
 Skc. 8. That section seven of an act entitled " .\n ;i,ct to levy 
 additional taxes for the common defence and support of the Govern- 
 ment," approved 17th February, 1864. be, and t'le same is hereby, 
 repealed, and the following inserted in lieu thereof: 
 
 I. That the first section of the •' Act to lay taxes for the common 
 defence and to carry on the Government of the Confederate St^ites," 
 approved 24th April. 1863, is suspended for the year 1861. 
 
 II. In all cases where a tax is levied on income derived from ])rop- 
 erty, real, personal and mixed of every description, on the amount 
 or value of which an ad vnlnrnn tax is laid, the iid valorem tax shall 
 be deducted from the income tax : Provided, That in no case shall less 
 be paid than the ad ndorem tax. 
 
 III. In the assessment of income deriveil from manufactuiiug or 
 mining, there shall be deducted from the gross .income or profits, the 
 necessary annual repairs, not exceeding ten per cent, on the amount 
 of ^he income derived therefrom. And, in addition to the deductions 
 now allowed by law in the assessment of incomes derived from any 
 source, the following shall be made, namely : The Confederate taxes 
 actually paid by the owner on sales made by him, and the conimissions 
 actually paid by the consignor or shipper for selling, and in the pro- 
 duction or manufacture of pig metal, or other iron, the cost of fuel. 
 
 Skc. 9. That all citizens of any one of the ('Oufederate States, 
 temporarily residing in another State, shall be liable to be assessed 
 and taxed in the State or district in which he may te nporarily reside, 
 and it shall be the duty of all such who have not heretofore made re- 
 turn of their taxable property t>o the district assessor where they 
 may temporarily reside, within thirty days after the passage of this 
 act, to make such return, and any one liable to be assessed an<l taxed 
 as aforesaid who shall fail or refuse, within the said period of thirty 
 days to make such return, shall be liable to ail the pains and penalties 
 imposed by the laws of the Confederate States in such case.