The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-12-06
TT1B SALT LAKE HERALD: THURSDAY, DECEMBER 6 1900
VAR TAX BILL IS IN
Measure Reducing Revenue In
trOduced In House.
CUT IS OVER s4O.OOO.OOO
NEARLY ALL STAMP TAXES
WIPED OUT.

Washington, Dec. s. Chairman
Payne of the ways and means commit
tee today introduced a bin reducing
the taxation under the war revenue
act, after the Republican members of
the committee had agreed on the form
OF the measure and the articles TO re-
ceive the reduction of tax. 1t is in
tended to have the full committee act
on the bill tomorrow and TO put it
through the house before Christmas.
The bill provides an aggregate re-
duction estimated at $40. 000,34S.
The estimated reductions in detail,
as given out by Mr. Payne are as fol-
lows:
Beer, 81. 932, ~.
Cigars. 50, 18s, 7s4
Special taxes (section ., commercial
brokers. 1888, PSI; custom house brok-
ers, $S,167; circuses. $11.744: theatres,
S47,17s; exhibitions rot otherwise pro-
vided. $S4,21S. Total special tax, $751;
$50
Schedule A-Bank checks. $1,000. 600;
certificates of deposit, 500 600; drafts.
inland. $500 600
Promissory notes, $500, 600: postal
orders, s602 600; foreign bills of ex-
change 500, coo; export bills of lading.
SIUU,O0o, express receipts, 81 200: tele-
phone MESA ges, S315 000; bonds of in
demnity $250J00; certificates other
than profits, 100000; charter party.
100000, broker contracts, $780, 900; con-
Veyances, 100000; telegraph dis
patches. 100000; insurance, $4,000, O00;
leases, $500 900; mortgages, $500, 600; pas
sage tickets, S200. 200; power of attorney.
100000; protests, So, 900; warehouse re
ceipts, $250,000. Total schedule a, S22,-
242. GOO.
Schedule B-S4,54s, 2s3, less wines.
100000. S3.948,2S3. Legacies, charitable,
etc, 100000. Gren.- total SAG, 600 3sS
The bill provides - discount of 20 per
cent on the tax OF ? cents per barrel
on beer, in lieu of the present II cents
reduction. making the new rate S160
per barrel
The sections Of the war revenue act
taxing commercial brokers, custom
house brokers. circuses, theatres and
other exhibitions are stricken out.
The rate on cigars is made SO instead
of $3.50 per 1.000. Weighing more than
three pounds per 1000
Schedule A retains the stamp tax on
corporate stocks, bonds. etc, sales
etc, at exchanges or boards of trade
freight receipts, certificates of profits
entry of goods at the custom house
and entry for withdrawal of goods
from customs bonded warehouse. With
these exceptions, he stamp taxes under
schedule A are struck out. Chairman
Payne'S statement gives in detail the
stamp taxes omitted under schedule A
schedule b, which requires stamps on
proprietary medicines and prepara-
tons, perfumery and cosmetics, chew
ing gum, etc, is amended so that
sparkling or other wines are the only
products requiring stamps.
Section % of the war revenue act,
relating to taxes on Iegacies. is amend
ed by adding at the end Of said section
the following:
Provided. That nothing in this sec
ton shall be construed to apply to
requests or Iegacies for uses of a re-
igious, literary, charitable or educa-
tional character, including works of
art"
Section 30 Of the act is amended as
TO administra tive features and sections
10, II, Is. 10 and 20 are repealed as they
relate to administrative features no
longer necessary.