The sun., 1901-03-01
WAR TAX REDUCTION BILL,
Tho Conference Report Adopted by the Senate
and House.

WASHINGTON. Feb. 2s-The House and
Senate conferees on the bill reducing the
taxes imposed by the War Revenue aot held
u final meeting this morning and ordered =
report made on the compromise bill.
Mr. Aldrich rep. Il. H.. chairman OF the
Finance Committee. later presented the con-
ference report to the senate and II was agreed
to The report was also adopted In IN House
The Senate conferees yielded To the House
practically all the amendments OF the Senate
except those affecting the tobacco schedule.
As finally agreed, manufactured tobacco
and snuf will pay tax OF e-ioths cents a
pound. instead OF 1? cents as at present On
cigars the tax will be So per 1000 Instead OF
81 80 as at present and o.. 80 as proposed by
the senate: cigars weighing less than three
pounds per 1000, Is cents per pound instead
OF tl per 900 under existing law; cigarettes
valued at less than e. per 1000 Is cents per
pound. and over s.. 80 cents per pound.
Authority is given to restore the sizes
OF packages OF tobacco from one and two
thirds, two and one-half and three and one
third ounces. as at present. 70 two. three
and four ounces. US authorized before the
difference in tax Is allowed on all tax-pald
orig inal unbroke n factory packages Of smoking
aud manufactured tobacco ana snun anu
cigars held by manufacturers on July J.
On beer the House rat" Ot 81 W per barrel
In retained This j. a reduction OF Is cents
a barrel from existing rates 49,,
The present tax Oi cents per 500 on trans
iers Of stock /, retained. with an additional
provision making T. aIpy 70 ,Fahsa,uon ;
tloO on sales at produce exchanges and
boards oi trade j. reduced 10 Il cent,
with provision e1e'npting from tdSatl on
tho sales Of suCh prOduCtS which are in actual
course of transportation, when accompanied
speci tavot.so wear is also imposed on
tax 20 take effect on April The accounts OF
all their Transactions are 10 he open 10 inspec-
tpu md penalties ot rueS and imprls9nmrnt
are provided Tor violations II - estimated
that tie hu, kci shop tdNcs " III ) eld an annual
revenue OF s, ,5Ou,toO.
Foreign ulu- oI exchange viii hereafter
puv 2 cents Tor each 500, which - re-
duouOu of 80 per cent under existing charges
Bills Qf exchange drawn against the value
Of products actually exported 10 foreign
countries, however, are exempted from this
tax, prov lded they are accompanied bv proper
invoices aud receipts. bills Of lading or vouch-
ers. showing that goods of value az least
equal 10 the amount drawn have been eN-
parted
land hIlS Of exchange, which was abolished
hr the House bill. has been restored by the
conference bill
The toX on paS-Ggr tickets j. made to apnly
only 60 those costing NOR" than go. and the
rate i fixed at 30 cents for each $50. The "N-
istirg tax il from 81 10 SIS accordlugto value.
The House proyis.o on repeating the tax
policies has been retained The Senate
reduced ~" "y.-tlug rates hr 80 rcr cent.
ON Convevancrs the present ttN of 50 cents
on each $500 ha~ been raduc"d : - cents.
crr'cd.
exempt l-gur"- OF charitable. literary r
educational character.
The. take; have been abolished on the
and preparations. chewing gum. hank che, l..
prom ssory notes, money orders. export bills