Chap. 279.—An ACT to amend and re-enact section 10 under schedule D
of an act entitled an act to raise revenue for the support of the govern-
ment and public free schools, and to pay the interest on the public
debt, and to provide a special tax for pensions as authorized by sec-
tion 189 of the constitution, approved April 10, 1903, as amended by
an act approved February 19, 1904, and as further amended by an act
approved January 31, 1908.

Approved March 14, 1912.

1. Be it enacted by the general assembly of Virginia, That
section ten under schedule D of an act entitled an act to raise rev-
enue for the support of the government and public free schools,
and pay the interest on the public debt, and to provide a special
tax for pensions, as authorized by section one hundred and eigh-
ty-nine of the constitution, approved April tenth, nineteen hun-
dred and three, as amended by an act approved February nine-
teenth, nineteen hundred and four, and as further amended by an
act approved January thirty-first, nineteen hundred and eight,
be amended and re-enacted so as to read as follows:

SCHEDULE D.

Sec. 10. The classifications under schedule D shall be as fol-
lows, to-wit:

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

Income shall include:

First. All rents, except ground rents or rents-charge, salar-
ies, interest upon notes, bonds or other evidences of debt, of what
ever description, of the United States, or any other State or
country, or any corporation, company, partnership, firm or in-
dividual, 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 cou-
pons.

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 vegetables and agricultural produc-
tions during the preceding 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 agricul-
tural 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 two thousand dollars as aforesaid,
there shall be deducted from the income of the person assessed,
all losses sustained during the year; provided, further, that only
one deduction of two thousand dollars shall be made from the
aggregate income of any family, except that guardians may make
a separate deduction of two 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 Feb-
ruary first, an emergency exists for this act, therefore this act
shall be in force from its passage.