Chap. 10.—An ACT to amend and re-enact section 10 of an act entitled “an act
to raise revenue for the support of the government and public free schools,
and to pay the interest on the public debt, and to provide a special tax for
pensions, as authorizea by section 189 of the Constitution,’ approved April
16, 1903, as amended by an act approved February 19, 1904.

Approved January 31, 1908.

1. Be it enacted by the general assembly of Virginia, That section
ten of an act entitled “an act to raise revenue for the support of the
government and public free schools, and to pay the interest on the
public debt, and to provide a special tax for pensions, as authorized by
section one hundred and eighty-nine of the Constitution,” approved
April sixteenth, nineteen hundred and three, as amended by an act ap-
proved February 19, 1904, be amended and re-enacted so as to read as
follows:

§ 10. The classifications under schedule D shall be as follows—to
wit:

The aggregate amount of income in excess of one thousand dollars,
whether received, or due but not received, within the year next preceding
the first of February in each year.

Income shall include:

First. All rents, except ground rents or rents-charge, salaries, interest
upon notes, bonds or other evidences of debt, of whatever description,
of the United States, or any other State or country, or any corporation,
company, partnership, firm or individual, collected or received during
the year, less the interest due, and paid during the year.

Second. The amount of all premiums on gold, silver or coupons.

Third. The amount of sales of live stock and meat of all kinds, less
the value assessed thereon the previous year by the commissioner of the
revenue.

Fourth. The amount of sales of wood, butter, cheese, hay, tobacco,
grain and other vegetable and agricultural productions during the pre-
ceding year, whether the same was grown during the preceding year
or not, less all sums paid for taxes and for labor, fences, fertilizers,
clover or other seed purchased. and used upon the land upon which the
vegetable and agricultural productions were grown or produced, and
the rent of said land paid by said person, if he be not the owner thereof.

Fifth. All other gains and profits derived from any source whatever.

In addition to the sum of one thousand dollars as aforesaid, there shall
be deducted from the income of the person assessed, all loses sustained
during the year: provided further, that only one deduction of one thou-
sand dollars shall be made from the aggregate income of any family,
except that guardians may make a separate deduction of one thousand
dollars, in favor of each ward, out of income coming to said ward.

2. As the taxes on income are assessed annually as of February first,
an emergency exists for this act, therefore this act shall be in force
from its passage.