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An Act imposing Taxes for the Support of Government. 1861 3 (1861.1)

handle is hein.slavery/ssactsva0762 and id is 1 raw text is: PUBLIC 01 GENERAL ACTS, CHAP. 1.-An ACT imposing Taxes for ti Support of Government. Passed April 3, 1861. 1. 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 be yearly as follows: Taxes on lands and lots. On tracts of lands and lots, with the improvements thereon, not Tax ol lud exempt from taxation, forty cents on every hundred dollars value thereof: and herein shall be included all tracts of lands and lots, Wbat Included with improvements thereon, not otherwise taxed or exempt from tax- therein ation, of incorporated joint stock companies, savings institutions and insurance companies. On piersonal Tropcrty. 2. On all the personal property (excepting provisions and wool of on permonal iiro. perty, mnoneys last y'ear's clip, but this section shall not be so construed as to ex- undcredRt clude from taxation any provisions purelndsed for sale by the holder thereof), moneys and credits, as defined in this section, including all capital, personal property and moneys of incorporated joint stock companies (other than rail road, canal or turnpiike companies), and all capital invested, used or employed in any manufacturing, trade or other business, forty cents on every hundred dollars value thereof. But slaves and property otherwise taxed, and property from which What Included thlerohi, tud any income so taxed is derived, or on the capital invested in any what exempted 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, whether incorporated by this or any other state, which have declared dividends within one year preceding the first day of February, of as much as six per cent. profits, shall not be taxed under the provisions of this section. The word moneys shall be construed to include not only gold, silver and copper coins, but bul- lion and bank notes. The word credits shall be construed to mean all bank, state or corporation stocks, claims or demands owing or coming to any person, whether duo or not, and whether payable in money or other thing. Moneys and credits owned by any resident

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