New-York tribune., 1900-12-06
FORTY MILLIONS CUT OFF.
WAR REVENUE REDUCTION BILL COM
PLETED.
INTRODUCED IN THE HOUSE BY CHAIRMAN
PAYNE-THE REDUCTIONS IN DETAIL

Washington Dec. 5.-Chairman Payne OF the
Ways and Means Committee to-day introduced
in the House the bill reducing taxation under
the War Revenue act. after the Republican
members of the committee had agreed on the
form Of the measure and the articles which
the tax is reduced. The bill provides an aggre-
gate reduction estimated at S40,OOO34S. The re-
ductions in detail. stated by Mr. Payne. are
as follows:
Beer, $9.s32. 112; cigars. S31S9 764; special
taxes (SectiOn p, commercial brokers, S13S,2S1; ;
custom house brokers' SS.167; circus. S11. .144
theatres. S41 ,17S: exhibitions not otherwise pro-
vlGed, SS4,21S; total special tag S2SI ;9S9.
Gates of deposit. $2O0O00; drafts. inland. $780,
600; promissory notes. $3.500.O00; postal orders
port bill of lading. 100000; express receipts
$4,000; telephone messages. $315'OOO bonds
Of indemnity. $250.OOO; certificates other than
Of profits. $2000O0: charter party, 100000;
brokers' contracts 100000; conveyances. $3.
100000: telegraph dispatches. SS00OOO; insur-
ance, S3,0OG0O0; leases. 100000; mortgages,
$5OOOOO; passage tickets 100000: power Of at
torney, etc. 100000; protests, SO. 900: ware
house receipts, S250,OO0. Total Schedule A.
Schedule B-s4. .54s. .2s3 less wines, S6OOOOO-
So, SOS. .2S3.
Legacies. charitable. etc. s5OOOOO Grand
total, S40OO034S.
REDUCTION OF BEER TAXES.
The bill provides discount of 20 per cent in
= a
present ~ per cent reduction. making the new
rate 81 60 a 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. In
stead Of So 60 thousand. weighing more than
three pounds a thousand.
Schedule retains the stamp tax corporate
stocks, bonds etc. sales. etc, at exchanges or
profits, entry OF goods at custom houses and
entry for withdrawal Of goods from bonded
warehouses With these exceptions. the stamp
taxes under Schedule A are stricken out Chair
man Payne's statement gives In detail the stamp
taxes omitted under Schedule A.
Schedule B. which requires stamps on pro-
prietary medicines and preparations. perfUm-
cry and cosmetics, chewing gum, etc. is amend
ed so that sparkling or other wines are the only
products requiring stamps
Section % Of the War Revenue act, relating
to the taxes on legacies, is amended by adding
at the end of said section the following:
Provided That nothing in this section shall be
construed to apply TO beqqests or egacies for uses
character, including works OF art
Section 80 of the act is amended as to admins
trative features. and Sections 10, H. IS. 10 and
90 are repealed, as they relate to administrative
features no longer necessary.
Section 80 is amended to read as follows:
Section So. That for the purposes Of this act the
words mixed -four shall be taken and construed
the food product resulting from the grind
ing mixing together Of wheat or wheat -four
as the principal constituent with any other grain
or the product of any other grain, or other ma
teTial except such material not the product or
any grain. as Is commonly used for baking pur-
poses.
Provided, That when the product resulting from
the grinding mixing together of wheat or wheat
flour with any other grain, the product OF any
other grain. OF which wheat wheat -four is not
specified fore
gong definition, is intended for sale. ia sold.
offered for sale, wheat flour, such products shall
be held TO be mixed -four within the meaning Of
this act.
The bill provides for redeeming revenue stamps
heretofore issued and not used.
The last section provides that the act shall
take effect thirty days after its passage
Chairman Payne has called a meeting Of the
Ways and Means Committee for tomorrow
morning. when he expects to have the bill re-
ported to the House. He will then seek to have
the bill considered after the Army. Oleomar
garine and Legislative bills are disposed Of with
a view to securing action before the holidays.