ACTS

OF THE

GENERAL ASSEMBLY

OF THE

STATE OF VIRGINIA',

1

PASSED AT ADJOURNED SESSION, 1863,

IN THE

EIGHTY-SEVENTH YEAR OF THE COMMONWEALTH.

RICHMOND:

WILLIAM F. RITCHIE, PUBLIC PRINTER.

1863.

PUBLIC OR GENERAL ACTS.

CHAP. 1.-An ACT imposing Taxes for the Support of Government.

Passed March 28, 1863.

Be it enacted by the general assembly, that the taxes on the persons and subjects in this chapter mentioned, or required by law to be listed or assessed, shall, for the year commencing on the first day of February eighteen hundred and sixty-three, and thereafter, be yearly as follows:

Taxes on lands and lots.

1. On tracts of lands and lots belonging to any person, firm, com- Tax on lands pany or corporation, with the improvements thereon, not exempt from taxation, one per centum on the assessed value thereof.

Personal property.

property, moneys and credite

2. On all the personal property (except property owned and not on personal. hired or impressed by the confederate government), moneys and solvent credits, as defined in this section, including all capital, personal property and moneys of incorporated joint stock companies (other than rail road, canal or turnpike companies), and all capital invested, used or employed in any manufacturing, trade or other business, one per centum on the assessed value thereof. But property otherwise taxed, What exempted and property from which any income is derived, or on the capital invested in any trade or business, in respect to which a license so taxed is issued, certificates of stock, moneys and personal property that constitute part of the capital of any bank, savings institutions and insurance companies shall not be listed under the provisions of this section. The word "moneys" shall be construed to include not only gold, Moneys, what silver and copper coin, but bullion and bank notes, and confederate and state treasury notes, and county and corporation notes. word "credits" shall be construed to mean all bank, state or corporation stocks, claims or demands owing or coming to any person, whether due or not, and whether payable in money or other thing, after deducting therefrom all bona fide debts due by such person as principal debtor. Money and credits in any state of the Con- Moneys and federate States, or in any other country, owned by any resident of this state, shall be listed by such resident, and taxed to him at the listed rate prescribed by this act. In ascertaining the value of such money How value or credits, the commissioner shall examine the person on oath, if to be found; if not found, shall assess the same upon the best informa

included in

The Credits, how

construed

credits in other states, by whom

certained

Free negroes

White males

Interest on publie bonds

On bank divideads

On dividends of

similar com

tion he can obtain, and shall add to, or deduct the exchange on the value of such money or credit between this state and such state or country where such moneys or credits may be, to be computed as of the first of February next preceding.

Free negroes.

3. On every male free negro who has attained the age of twentyone years, two dollars; but no tax shall hereafter be assessed or collected on such free negro under the act of the sixth of April eighteen hundred and fifty-three, establishing a colonization board.

White males.

4. On every white male inhabitant who has attained the age of twenty-one years, not exempt from taxation by order of the court, in consequence of bodily infirmity, two dollars.

Public bonds.

5. On the interest or profit which may have accrued, and is solvent, or which may have been received by any person, or converted into principal so as to become an interest bearing subject, or otherwise appropriated, within the year next preceding the first day of February of each year, arising from bonds, interest bearing treasury notes, or other certificates of debt of the Confederate States, or of this or any other state or country, or any corporation created by this or any other state, whether the stock of such company be exempt from taxation or not, seventeen per centum. But such interest or profits derived from bank stock or shares of savings institutions and insurance companies which pay taxes thereon into the treasury, shall not be included herein, unless invested or otherwise appropriated; and if so invested or otherwise appropriated, the tax thereon shall be at the rate of one per centum on the assessed value thereof. If no interest shall have been received within the year preceding the first day of February, then the value of the principal of such bonds shall be assessed and taxed as other property, and as prescribed by law.

Bank dividends.

6. On the dividends declared by any bank incorporated by this state, the tax shall be seventeen per centum upon the amount thereof; to be paid into the treasury by the bank. If the dividend be that of a bank incorporated elsewhere, the tax shall be seventeen per centum upon the amount thereof; to be assessed and collected as other taxes.

Dividends of steam boat and such like companies.

7. On the dividends declared within the year next preceding the steam boat and first day of February, if the same be equal to or over six per centum on its capital, by steam boat and companies of similar character, not specially named for taxation, whether incorporated by this or any

panies