Office of Commissioner of Taxes,
Richmond may 9, 1864.
Instructions in reference to the assessment and collection of the additional ten percent on profits.--It having been ascertained that an error has been committed in the assessment and collection of the additional ten per cent on profits, all assessors will as soon the profits, only made by buying and selling at any time between the 1st day of January, 1863, and the 1st day of January, 1865.--The profits on which the tax is imposed by I and if paragraph of See 4 of an act entitled act to levy additional taxes for the common defence and support of the Government," are the preamble made by buying and selling between the times mentioned, the copulative conjunction " and being used, the buying and selling must both take place between the 1st day of January, 1863 and the 1st day of January, 1864.
Such were the instructions issued from this office on the 1st March, 1864, and will be found at page 8 of additional instructions, therefore the erroneous assessments made in some districts need not be collected, and the assessors will refrain from such assessments.
The ten per cent additional tax on profits, made by buying and selling between the 1st day of January, 1863.
(including that day,) and the 31st day of December, 1864, (including that day,) will be assessed and collected at The profits derived from the same source, between the 1st day of January, 1864, and the 1st day of December, 1864, both included, will be and collected immediately after the 31st day of December, 1864. J. W. H Underwood,
Acting Commissioner of Taxes.
Appproved:
(Signed) C. G. Memminger,
Secretary of the Treasury, my
Acting Commissioner of Taxes.
Appproved:
(Signed) C. G. Memminger,
Secretary of the Treasury, my
