Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1901-03-01
The WAR REVENUE
REDUCTION BILL
Measure Now Likely to Be
Passed by Congress.
THE CoNFEREEs AGREE

Compromise All Along the Line Re-
commended-Rates of Taxation Pro-
posed on Tobacco, Cigars, Cigarettes,
Beer, Banking Capital, Etc.
WASHINGTON. Feb 28.-The con.
ferees of the senate and house upon the
war revenue reduction bill today an
nounced the result of their deliberations
upon that measure. As already stated,
the report of the committee shows
compromise all along the lines of the
bill, the changes in the present law be-
ing as follows:
Tobacco-Twenty per cent discount
of the original tax of 12 cents per pound,
as against 25 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. go per 100 pounds, as
stated in these dispatches yesterday.
Cigars-On those weighing more than
3 pounds per 1000 the house rate of So
per 1000 was retained, as against So so
as fixed by the senate and $3 so as in
the present law. On those weighing
less than pounds per 1000, the senate
rate of IS cents per pound was allowed
to stand, as against the rate of 81 per
1000 as fixed by the existing law, which
was not disturbed by the house.
Cigarettes-On those weighing not
more than 3 pounds per 1000, the sem
ate action fixing the rate at Is cents per
pound prevailed. The house did not
change the existing law.
Beer-The house rate of 81. go per bar
rel and repeating the 7la discount was
retained.
Bankers capital - Present law re-
tanned, the senate receding from its
amendment.
The stock brokers tax is repealed by
the original action of both houses.
Certificates of stock transferred
Rate of 2 cent for each 800 is re-
tanned, and the senate amendment max
ing the law anclude the transactions Of
bucketshops was accepted by the house
conferees.
Sales Of products at exchanges-The
senate amendment eXempting sales Of
merchandise in actual course of trans
portation was accepted, but the rate of
cent for each 800 as fixed by the
present law was retained, the senate
amendment making the rate So being
AAStbS ecu w.
Bank checks-Repealed in accordance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Certificates OF deposit-Tax repealed.
Promissory notes-Tax repealed.
Money orders-Tax repealed.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 2 cents for each 500, in accord
ance with the senate amendment.
Bills of lading for export-Repealed.
EtXDPeSS recelDtS-RRDealeQ
Telephone ages-Repealed.
Miscellaneous bonds-Tax repealed,
except upon bond of indemnity.
Certificates of damage and certificates
not otherwise Specified Repealed.
Charter party-Repealed.
Exempted below 50, 500.
Above So, 500, 25 cents for each $500. in
accordance with the senate action.
Telegraph essages-Tax repealed
Taxirepealed on all kinds
of insurance, in accordance with the ac-
ton Of the house, the senate conferees
receding ON all senate amendments
Leases-Tax repealed.
Manifests tax-Repealed.
Repealed.
Steamer tickets-Tax repealed below
$50 in value and the rate fixed at 40
cents for each $50 in cost for that price
and over.
Protest-Tax repealed.
Warehouse receipts-Tax repealed.
Proprietary medicines-Tax repealed
in accordance with house action, the
senate being disagreed to.
Perfumery and cosmitics-Tax re-
pealed.
Chewing gum-Tax repealed.
Legacies-Law modified so as to ex.
clude from taxation legacies of charita-
BILE, religious, literary or educational
character.
The total reduction of the revenues as
made by the bill as agreed upon wall
amount to about SAL 200, 600, as against
reduction of $40,000,0 900 as passed the
house and $45, 900, 900 as amended in the
senate. The bill will take effect July
next.