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An Act imposing Taxes for the Support of Government. 1861 3 (1861.12)

handle is hein.slavery/ssactsva0784 and id is 1 raw text is: PUBLIC OR GENERAL ACTS; CIAP. L.-An ACT Imposing Taxes for the Support of Government. ra'ued March 27,1662. 1. Be it enacted by the general assembly, that the taxes on the persons and suljects in this chapter mentioned, or required by law to be listed or assessed, shall for the prcesent year aitd thereafter be yearly as follows. Taxes on tands and lots. On tracts of lands and lots, with the improvements thereon, not Tax on taand exempt from taxation, sixty cents on every hundred dollars value thereof; and herein shall be included all tracts of lands and lots, Wihat loluded with improvements thereon, not otherwise taxed or exempt from thoroln taxation, of incorporated joint stock companies, savings institutions and insurance companies. On personal property. 2. On all the personal property (excepting provisions and wool of onAounat pvo. pe lout last year's clip; but this section shall not be so construed as to ox- an tY iclude from taxation any provisions purchased for sale by the holder thereof), moneys and credits, as defined in this section, including What lncl,od thorein, and all capital, personal property anti moneys of Incorporated joint stock what exempted companies (other thnn rail road, canal or turnpike companies), and all capital invested, used or employed in any manufacturing, trade or other business, sixty centa on every hundred dollars value thereof. But property otherwise taxed, and property from which any income to taxed is derived, or on the capital invested in any trade or busi- ness, in respect to which a license so taxed is issued, certificates of stock, moneys and personal property that constitute part of the ca- pital of any bank, Pavings 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 coin, but bullion -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 per- mon, whether due or not, and whether payable in money or other

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