Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1901-03-07
WAR REVENUE BILL.
Compromise Agreed Upon by Sem
ate and House.

Warrington, March 1.-The war
revenue reduction bill as passed by
congress shows q compromise be-
tween the senate and house 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 IL 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 $500 per hun
dred pounds.
Cigars-On those weighing more
than three pounds per 1000, the house
rate of So per thousand was retained,
a. against $3.50 as fixed by the senate
and $3.50 as in the present law. On
those weighing less than three
bounds per 1000 the senate rate Oi
Is cents per pound was allowed to
stand, as against the rate of ST. per
thousand as fixed by the existing law
which was not disturbed by the house
Cigarettes-On those weighing not
more than three pounds per thousand
the senate's action fixing the rate at
Is cents per pound prevailed. Tia
house did not change the existing
law.
Beer-The house rate of SLIGO pc,
barrel and repeating the ~ per cent
discount was retained.
Bankers capital-Present law re.
tanned, the senate receding from the
amendment.
Commercial brokers' tax-Repealed
il, accordance with original action ci
10th houses.
-
Rate cents for each 500 is retained
and the senate amendment making
the law include the transactions OF
bucket shops was accepted by the
house conferees.
Sales of products at exchanges
The senate amendment exempting
sales of merchandise in actual course
of transportation was accepted, but
the rate of l cent for each 800 as
fixed by the present law was retained
the senate amendment making the
rate So being disagreed to.
Bank checks-Repealed in accord
ance with the house action.
Certificates of deposit-Tax re
pealed.
Promissory notes-Tax repealed
Money orders-1ax repealed.
Bills of exchange, foreign-Thc
rate fixed at cents for each 500, in
accordance with the senate amend
ment.
Express receipts-Repealed.
Telegraph messages-Repealed
Miscellaneous bonds-Tax repealed
except upon bonds of indemnity.
Certificates of damage and certif-
Gates not otherwise specified-Re-
pealed.
Charter party-Repealed.
Conveyances-Exem below ST.
500 above $500, 25 cents for each $500
in accordance with senate.
Telephone messages-Tax repealed.
Insurance-Tax repealed on all
kinds of insurance in accordance with
the action, the senate conferees re-
ceding on all senate amendments.
Leases-Tax repealed.
Manifests-Tax repealed.
Mortgages-Tax repealed.
Steamship passage tickets-Ex-
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-Iax repealed.
Proprietary medicines-Tax re.
pealed in accordance with house ac-
ton, the senate amendment being dis
agreed TO.
Perfumery and cosmetics-Tax re
Pealed.
Chewing gum-Tax repealed.
Legacies-Law modified so as to
exclude from taxation legaeies OF
charitable, religious, literary or edu.
cational character.
The total reduction of the revenues
as made by the bill as agreed upon
will amount to about SAL 100000, as
against reduction of $4O,0G0,0O0 as i
passed the house and S45,000,000 AZ
amended in the senate.
The provisions in the bill as agreed
upon will take effect on tie first OF
next July.