[House Bill No. 7.] 
 
 HOUSE OF REPRESENTATIVES, May 3, 1864— Read first 
 and second times, referred to Commiltee of Ways and Means, and 
 ordered to be printed. 
 
 By Mr. Aikpn. of Georgia. 
 
 A. BILL 
 
 To t^mend an act entitled " An xVct to lay additional taxes for the 
 common defehce an<l support of the Government," approved the 
 17th day of February. 1864. 
 
 '1 Skction I. The Co7isfrefts of the Confederate Sfatex <f America do 
 
 2 etiud. That the third paragraph of the first section of said act 
 
 3 entiled '• An act to lay additional taxes for the common defence 
 
 4 and support of the Government." approved the 17th day of Feb- 
 
 5 ruary, eighteen hundred and sixty-four, he amended, by adding 
 C the following thereto : Provided, That any person or persons who 
 
 7 have purchased land, or real estate of any kind, since the said 
 
 8 first day of January, 1862, will make affidavit before the proper 
 
 9 and legally authorized assessor of taxes, that he or she pur- 
 
 10 chased said land for his or her own use, and not to sell again, 
 
 1 1 and not for tlie purpose of merely making an investment, and 
 
 12 th»t be or she if now residinji on or oultiirating paid land or real 
 
13 estate; then and in that case said land or real estate shall be 
 
 14 assessed on the basis of the market value of the same, or similar 
 
 15 property in the neighborhood, where assessed,, in the year 1860 : 
 
 17 slaves since the 1 st day of January, 1862, will make affidavit before 
 
 16 And when uny person or persons have purchased any slave or 
 
 18 the proper and legally authorized assessor of taxes, that he or 
 
 19 she purchased said slave or slaves for his or her own use, or the 
 2t) use of his or her family, and not to sell again, :indhas said slave 
 
 21 or slaves in his or her possession, or in the possession of his or 
 
 22 her family ; then and in that cas-e, said slave or r^laves shall be 
 
 23 .assessed on the basis of the market valueof the same, or similar 
 
 24 property in the neighborhood where assessed, in the year 1860. 
 
 1 Sec. 2. And he it further enacted, That the second section of 
 
 2 said recited act be so amended as to read as follows : On the 
 
 3 value of all shares, or interest held in any bank, banking com- 
 
 4 pany or association, canal navigation, importing, exporting, in- 
 
 5 surance, manufacturing, telegraph, express, railroad and dry-dock 
 
 6 companies, and all other joint stock companies of every kind, 
 
 7 whether incorporated or not, five per cent. The value of the 
 
 8 property taxed under this section, shall be assessed upon the 
 
 9 basis of the market value of such property in the neighborhood 
 
 10 where assessed, in the year 1860 : Provided, That if any such 
 
 11 corporation, company or association has been organized, or went 
 
 12 into operation 'since the first day of January, 1861, then and in 
 
s 
 
 13 that case said property shall be assessed upon the basis of the 
 
 14 highest market value of such property in the neighborhood where 
 
 15 assessed, at any time within six months after said corporation, 
 
 16 company or association was organized, or went into operation, in 
 
 17 such currency as. may have been in general use there, in the 
 
 18 purchase and sale'of such property, at that time. 
 
 1 Sec. 3. And he it furih'-r enacted. That whenever the shares or 
 
 • 2 interest held in any bank, banking company or association, canal 
 
 3 navigation, importing, exporting, insurance, manufacturing, 
 
 « 
 
 4 telegraph, express, railroad, and dry-dock companies, and any 
 b other joint stock company of any kind is taxed, then the assets 
 
 6 and property of every kind whatever, belonging to said corpora- 
 
 7 tions, companies or associations shall be free and exempt from 
 « taxation ; and the tax to be collected on said shares or interest 
 9 in said corporations, companies or associations, shall be paid by 
 
 10 said corporations, companies or associations, and the owners of 
 
 I J said shares or interest therein, shall not be required to pay tax 
 
 1 2 thereon. 
 
 1 . Skc. 4. And he it further enacted. That the owners of gold and 
 
 2 silver coin, gold dust, or gold or silver bullion, held in the Con- 
 
 3 federate States of America, shall not b-^ required to pay the tax 
 
 4 thereon in kind, but the same may be paid in currency, similar 
 
 5 to that in which the tax on other property is paid. 
 
 1 Sf.(,^ 5. And he it further enacted. That all the .property, real, 
 
4 
 
 2 personal and mixed, belonging to any college, academy, or school 
 ;) of any kind, he, and the same is hereby, exempt from the pay- 
 4 ment of any tax. under any law of the Confederate States.