The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-11-24
STAMP TAXES
TO Be ABOLISHED
Federal Charge on Checks
and kilograms to End.
| COMMITTEE AT WORK
DRAWING THE BILL
Express Receipts Are on the
Favored List.

Washington. Nov. chairman
Payne and Representatives Dalzell AMI
Hopkins. acting as "A subcommittee,
spent a portion of the day drafting the
bill TO amend the war revenue law.
The general provisions of the bin have
been agreed upon. The reduction To
be made win be in stamp taxes, as
heretofore indicated.
A member of the committee said to-
day that although there was some dis
cussion concerning reductions upon
beer and also on cigars, cigarettes and
tobaccos. there did not seem to be any
inclination II reduce the present tax
on these articles as long as there re-
manned stamp taxes. which, he added,
were obnoxious to everyone using
them.
Although it is generally understood
that there is d complete understanding
among the members of the committee
IS to what changes shall be made, II
is understood that no irOn-clad agree
Bent has been reached and any part
of the bill cannot be taken up and
changed. But the members of the
committee do not expect many changes.
for it is said the fun Republican mem
bership viii rat be likely to meet
again until next Friday. one day be
fore the full committee is to be called
together. The committee expects to
present the bin to the house on the
first or second day of the session
Stamps to Be Abolished.
All proprietary stamp taxes and
many Of the documentary stamp taxes
will be repealed. The entire reduction
win amount to about $50 O00. GOO.
ral Hraea F1TFf dor
mined to repeal are those in schedule
b of the war revenue act, embracing
the proprietary taxes, amounting to
about $4,000, 600. taxes on kilograms
and express receipts, amounting TO
about 81, 900, 900; legacy tax on requests
to religious, educational and charitable
institutions, roughly estimated at $780,,
0OO, and taxes on mortgages, promis-
sorry notes. checks and drafts, insur-
ance policies and premiums, warehouse
receipts, certificates Of various kinds,
deeds and practically all of the other
documentary stamp taxes. except those
On stock exchange transactions,
Banks and Brokers Next.
The cut in the documentary tax
schedule Will foot up about $500 900
more. leaving about 81 500 600 to be cut
1t is probable that this viii be accom-
plished by the repeal of the special
taxes in order by the war revenue
acts on banks, bankers, brokers, bill
lard tables. bowling alleys, theatres,
circuses and other places of amuse-
ment.
Persistent efforts are stiIl being made
to have the beer and tobacco taxes re-
duced. but they have not met with
success and il Is not likely any change
viii be made in these schedules. Eff
forts are also being made to have fur
Their changes made in the legacy taxes,
because legacies are under the laws
of some Of the states. The special eX-
else taxes on TsdueTs of petroleum and
sugar viii probably be retained
The reductions are much heavier
than leading members Of the ways and
means committee contemplated before
Secretary Gage stated that the cOndi-
ton of the treasury was such as to
warrant a material reduction.
Receipts from the war revenue act
for the first four months of the pres
ent fiscal year were S38-39S $50.