Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1901-03-07
THE REVENUE COMPROMISE.
Changes Winch the Senate Has Final
Accented,

Changes Winch the Senate Has Finally
II Accepted.
i The conference report in Congress or
the War Revenue Reduction bill make
the following changes IN the present
law:
Tobacco-20 per cent discount Of thu
original tax of II cents per pound, III
against % per cent reduction as fixed
by the Senate and none as the bill
passed the House. The rate agreed
upon will make the tax SO. 60 per 10J
pounds. H.4
Cigars-On those weighing more than
three pounds per 1000 the House rat,
of So per LOCO is retained, as agains
81 30 as fixed by the Senate and $50
as 10 the present law. On Those weigh
ing less than three pounds per LOO
the Senate rate of IS cents per pound
was allowed to stand, as against the
rate of 81 FER 1000 as fixed by th
existing Law, which was not disturbed
by the House.
Cigarettes those weighing no
more than three pounds per 1000 the
Senate's action fixing the rate at Il
cents per pound prevailed. The House
did not change the existing law.
Beer-The House rate Of SLIGO per
barrel and repeating the ~ FER cent
discount was retained.
Bankers Capital-Present law re
tanned, the Senate receding from it
amendment.
Commercial Brokers' Tax--Repeaied
in accordance with original action Vi
both houses.
Certificates of Stock Transfers-Th
rate Of 2 cents for each 500 is retained
and the Senate amendment making the
law include the transaction of bucket
hops was accepted by the House con
ierees.
Sales OF Products at Exohanges-The
Senate amendment exempting sales
of merchandise in actual course o,
transportation was accepted, but tn,
rate OF cent for each 500, as fixed by
the present Law, was retained, the
Senate amendment making the rate s.
being disagreed to.
Bank Checks-Tax repealed in 40
cordance with the House action.
Certificates OF Deposit Tax repealed
Promissory Notes-Tsx repealed.
Money Orders-Tax repealed.
Bills of Exchange foreign 1.-THE rate
| fixed at 2 cents for each 500, in accord
ance with the Senate amendment.
Bills of Lading for Export-Repealed.
Express Receipts Repealed.
Telephone Messages -Repealed.
Telegraph Messages Repealed,
Miscellaneous Bonds-Tax repealed
except upon bonds of indemnity.
Certificates of Damage and Certifi-
Gates Not Otherwise Specitied-Re
pealed.
Charter Party-Repealed.
Convey ance-E Exempted below 81, 500
above, 50, 500, % cents for each $500, in
accordance with Senate action.
Insuranoe-Tax repealed on all kinds
of insurance, in accordance with the
action of the House, the Senate con
ferees receding ON all Senate amend
Ments.
Leases-Tax repealed
| Manifests-TGx repealed.
Mortgages Tax repealed.
Steamship Passage tickets Exempted
below $50 in value, and the rate fixed
at so cents for each $50 in cost for that
price and over.
Power of Attorney-Tax repealed.
Protest Tax repealed.
Warehouse Receipts-Tax repealed. -
| Proprietary Medicines-Tax repealed,
| in accordance with House action, the
| Senate amendment being disagreed to.
Perfumery and Cosmetics-Iax re-
| pealed.
Chewing Gum-Tax repealed.
Lsgscies Law modified so as to
exclude from taxation legacies Of
charitable, religious, literary or educa-
| tional character.
The total reduction OF the revenues as
made by the bill as agreed upon will
| A.
a reduction of $40, 0oO, 600 as it passed
the House and $40, 900, 600 as amended
| in the Senate.
| Tho provisions OF the bill as agreed
upon will take effect on July LIST next.