The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1900-12-07
THE WAR REVENUEACT
Ways and Means Committee Agree
on the Articles to Be Reduced.
A Bill Introduced Proposing a Re-
ductiOn Aggregating Over For
ty Million Dollars.

Il -
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 receive the reduction of tax. 1t
is intended to have the full commit
tee act on the bill Thursday and to
put it through the house before
Christmas The bill provides an ag-
gregating reduction estimated at
| $4OOOO,348.
The estimated reductions in detail
as given out by Mr.. Payne are as
follows:
Beer, S0,S32, ZIP; cigars, $3,189,764;
special taxes (section p, commercial
brokers, S13S,2S1; custom house bro
kers, $S,167; circuses, $11,744; thea
rers, SALTS; exhibitions not other
wise provided for, $84,21S; total spe-
cial tax, S2S7, $50.
Schedule A-Bank checks, $1,000
600; certificates of deposit, 100000;
drafts, inland, 100000; promissory
notes, $3,5OO,OOO; postal orders, $685.
600; foreign bills of exchange, $780,
600; export bills of lading, S1OO,OOO;
express receipts, $1,2OO,OOO; telephone
messages, $315,OOO; bonds of indem-
nifty, $25O,OOO; certificates other than
of profits, 100000; charter party,
100000; brokers' contracts, 100000;
conveyances, 100000 telegraph dis
patches, SSOO,OOO; insurance, $3,OOO,-
600; leases, 100000; mortgages, $780,
600; passage tickets, 100000; power
of attorney, etc, 100000; protests,
S25,OOO; warehouse receipts, $25O,OOO;
total schedule A, $22,242,OOO.
Schedule B-TOtal, $4,54S,283; less
wines ($6OO,OOO), $3,94S,2S3; I ,acies,
charitable, ETC., 100000; grand total,
$4O,O00,34S.
The bill provides discount of 20
per cent. in the tax of 50 per barrel
on beer in lieu of the present TX per
cent. reduction, making the new rate
SLIGO per barrel.
The section of the war revenue act
taxing commercial brokers, custom
house brokers, circuses, theaters, and
other exhibitions are stricken out.
The rate on cigars is made $500 in
stead of $3.50 per 1000, weighing
more than three pounds per thou
sand.
Schedule A retains the stamp tax
on corporate stock, bonds, ETC.,
sales, ETC., at exchanges or boards of
trade. freight receipts, certificates of
profits, entry of goods at custom
houses aud eutry of withdrawal of
goods from customs bonded ware
houses. With these exceptions, the
stamp taxes under schedule A are
struck out. Chairman Payne's state
ment gives in detail the stamp taxes
omitted under schedule A.
Scedule B, which required stamps
on proprietary medicines and prepar-
atoms, perfumery and cosmetics,
chewing 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 legacies, is
said section the following:
provided that nothing in this sec
ton shall be construed to apply to
requests or legac1es for uses for a
religious, literary, charitable or ed
vocational character, including works
of art"
Section 30 of the act is amended
as to administrative features, and
sections 10, II, Is, 10 and % are re-
pealed, as they relate to administra-
tive features no longer necessary.
Section IS of the act is amended
to read as follows:
section 35. That for the purposes
of this act, the words Mixed -four
shall be taken and construed to mean
the good product, resulting from the
grinding or mixing together of
wheat, or wheat flour, as the princi-
pal constituent, with any other
grain, or the product of any other
grain, or other material, except such
material, not the product of any
grain, as is commonly used for bak-
ing purposes: Provided, that when
the product resulting from the
grinding or mixing together of wheat
or wheat -four with any other grain,
or the product of any other grain, of
which wheat or wheat -four is not
the principal constituent, as specified
in the foregoing definition, is in
tended for sale or is sold or offered
for sale as wheat -four, such product
shall be held to be mixed -four with
in the meaning of this aet.''
The bill provides for redeeming
revenue stamps heretofore issued and
not used. The concluding section
provides that the act shall take eff
feet 30 days after its passage.