The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1901-03-15
THE WAR TAX REDUCTION
STAMP DUTIES ON MANY THINGS
REPEALED.
Bank Checks, Chewing Gum, Charter
Parties, Bills of Lading, Lease and
Manifests are to be Free.

WASHINGTON. February 2S.-The
final conference report on the war reve-
nue. reduction bill was passed by the
Senate and House today, and now goes
to the President. The report of the con-
ference committee shows a compromise
all along the lines of the bill. the
changes in the present law being as
follows:
Tobacco, 20 per cent discount of the
original tax of y cents per pound as
against 20 per cent reduction as fixed
by the Senate and none as the bin pass
ed the House. The rate agreed upon
will make the tax $3.50 per 100 pounds
Ctgars-On those weighing more than
three pounds per thousand. the House
rate of So per thousand was retained
as against $3.50 as fixed by the Senate
and $3.50 as in the present law on
those weighing less than three pounds
per thousand the Senate rate of rs
cents per pound was allowed to stand
as against the rate of 81 per thousand
as fixed by the existing law. which was
not disturbed by the House
Ctgarettes-On those Weighing not
more than three pounds per thousand.
the Senate's action fixing the rate at rs
cents per pound prevailed The House
did not change the existing law.
Berthe House rate of SLIGO per bar
rel and repeating the ~ per cent dis
count was retained.
Bankers capital--Present law retain
ed, the Senate receding from its amend
ment.
Commercial brokers' tax-Repesled in
accordance with the original action of
both houses
Certificates of stock transfers-The
rate Of cents for each 1000 is retained
and the Senate amendment making the
law include the transactions of bucket
shops was accepted by the House CON
ferees.
Sales of products at exchanges-The
Senate amendment exempting sales of
merchandise i'm actual course of trans
portation was accented. but the rate of
! cent for each $780, as fixed by the pre-
sent law, was retained the Senate
amendment making the rate cents be-
ing disagreed to.
Bank checks-Repeal i'm accordance
with the House action.
Certificates of deposit-Tax repealed
PromissOry notes-TaX repealed
Money orders-Tax repealed
Bills of exchange, foreign-The rate
fixed at cents for each 500 in accord
ance with the Senate amendment.
Bills of ladine for eXport-Repealed
Express receipts-Repealed
Telegraphic messages-Repealed
miscellaneous bonds-TaX repealed
except upon bonds of indemnity.
Certificates of damage and certif-
Gates not otherwise specified-Kepealed
Charter party-Repealed
yances-EXempted below 50 500:
above $4,000, 25 cents for each $500 in
accordance with Senate action
Telephone messages-TaX repealed
Insurance-TaX repealed on all kinds
OF insurance in accordance with the ac-
ton of the House, the Senate con-
ferees receding on all Senate amend
ments.
Leases-TaX repealed.
Manifests-TaX 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-Tax re-
pealed.
Chewing gum-TaX repealed.
Legacies-Law modified so as to ex-
clude from taxation legacies of chart
table religious. literary or educational
character.
The total reduction of the revenues as
made by the bill as agreed upon will
amount to about $41. 900, 900 as against
a reduction of S40.0000OO as it passed
the House and $45,000,000 as amended in
the Senate. The provisions of the bill
as agreed upon will take effect on the
LIST of next July.