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The Charlotte Journal
Charlotte, Mecklenburg County, North Carolina
What is this article about?
The Committee of Finance reports a bill for re-assessing state lands and taxable polls every four years, with provisions for slave owners to list them and penalties for non-compliance. Additional bills include transferring assets to the treasury, imposing inheritance taxes on collateral kindred, and authorizing $150,000 in interest-bearing certificates, all to replenish public funds.
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A Bill has been reported from the Committee of Finance, to provide for a re-assessment of the Lands of this State, and a more accurate enlistment of the Taxable Polls.
It provides for the appointment by the several County Courts, of a Board of Valuation, every four years, who are to accurately ascertain, by personal examination, if necessary, the cash valuation of Lands and improvements, and appraise the same under Oath.
The owners of Slaves, and not the hirers, are to enlist them for taxation, whether in their possession or not.
Any Justice, receiving a list of Taxables, except under oath of the giver, to forfeit his Commission.
County Courts are forbidden to remit double tax, incurred by failure to give in, except in certain cases.
This is one of a series of measures, that will be reported, to replenish the Treasury Coffers. Emanating from so important and influential a Committee, we have no doubt that they will all be passed.
Since the above paragraph was in type, the Committee on Finance, in the further discharge of the duties confided to them, of providing Ways and Means to meet the demands on the Public Treasury, have reported through Gen. Saunders,
1st. A Bill to provide for the transfer, by the Board of Internal Improvement, to the Public Treasury, of the Bonds on hand for moneys loaned, amounting to $15,613, also, of the Dividends arising from 112 Shares of Cape Fear Bank Stock, owned by said Board: and of all moneys received on account of Cherokee Bonds, until January 1849.
2d. A Bill, imposing a tax of one per centum upon all Real Estate descended or devised to collateral kindred, or other than lineal descendants; also, a tax of one per cent. upon all personal property bequeathed to strangers or collateral kindred.
3d. A Bill, authorizing the Public Treasurer to issue Certificates, to the amount of $150,000, in sums of $1000 each, to draw interest from their date at the rate of six per cent, payable semi annually, and redeemable in 1850, and pledging the faith of the State for their payment and full redemption.—ib.
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Outcome
bills reported from committee of finance; expected to pass to replenish treasury; includes asset transfers worth $15,613, inheritance taxes at 1%, and $150,000 certificates redeemable in 1850.
Event Details
Committee of Finance reports bill for re-assessment of state lands and taxable polls every four years by county-appointed boards under oath, requiring slave owners to list slaves for taxation, penalties for justices and courts on non-compliance. Additional bills: transfer of bonds, bank stock dividends, and Cherokee bond moneys to treasury until January 1849; 1% tax on real estate and personal property inherited by collateral kindred or strangers; authorization for Public Treasurer to issue $150,000 in 6% interest certificates redeemable in 1850.