^JUT^JCM^ 
 
 House Bill, No. 232. J 
 
 HOUSE OF REPRESENTATIVES, November 26, li(64.— Read 
 first and second times, m ide tpocial order, and ordered to be printed. 
 
 [By Mr. LyoN» from Committee on Ways and Means.] 
 
 ^ BILL • 
 
 To be entitled " An Act to exempt from taxation the capital of bonds 
 and certificates issued by the Confederate States." 
 
 1 Section 1 . Th^ Congress of the Confederate States of America do 
 
 2 enact, That henceforth no tax shall be assessed upon the amount or 
 
 3 value of any bond, or any certificate of loan or of indebtedness, 
 
 4 issued or to be issued. by the Confederate States of America: 
 
 5 Provided^ however, That the same amount of tax as upon income 
 
 6 derived from other sources, shall be assessed, levied and collected 
 
 7 upon the dividends or interest of all such bonds and certificates, 
 
 8 except those of which the dividends or interest are or may be 
 
 9 specially exempted by law from taxation. 
 
 1 Sec. 2. This act shall be in force from and after the passing 
 
 2 thereof.