Omaha daily bee., 1901-03-01

|
| WASHINGTON, Feb. 2s.-The conferees
OF the senate and house upon the war rev d.
enue reduction bill today announced the re-
suit of their deliberations upon that
measure. The report OF the committee
| shows "a compromise all along the lines of
the bill. the changes in the present law
beins as follows:
| Tobacco-Twenty per cent discount of the
! original tax of II cents per pound, as
! against 25 per cent reduction az nxed by
! the senate and none az the dill passed tho
| house The rate agreed upon Will mako
| the tax $3.50 per hundred pounds, as slater
/ in these dispatches yesterday.
| Ctgars--On those weighing more than
three pounds per thousand the house rate
| OF - per thousand was retained as against
sSSO as fixed by the senate and $500 as
| In the present law. ON those weighing less
| than three POUNDS per thousand the senate
rate OF II cents per pound was allowed 10
stand as against the rate OF 81 per thousand
| as nNed by the existing law, which was noe
disturbed by the house.
Cigarettes-On those weighing not moro
than three pounds per thousand the senate
action nxing the rate at Is ents per pound
| prevailed; rho house did not change the
existing law.
Beer-The house rate Of $ioo per unrrel
was retained.
Retains Law on bankers Capital.
Bankers Capital-Prcsent law retained,
! the senate receding from Its amendment.
Commercial Brokers Tax-kepealed In
accordance with original action OF both
/ houses.
Certihcates of Stock Transfers-Tho ratio
OF cents Tor each $1,000 Is retained and tho
senate amendment, including the transac-
lions or bucket shops, was accepted by the
house ContcreeS.
Sales OF Products at Exchangcs-The SEN
. ate amendment cNempting the sales of
merchandise IA the actual course OF trans
portauon was accepted hut the rate OF /
cent for each SiVO as fixed by the present
law was retained, the senate amendment
making the rate 81 being disagreed to-
Bank Checks-Repealed In accordance
with the house action.
Certificates of Deposit-Tax repealed.
Promissory Notcs--Tax repealed.
Money Orders-Tax repealed.
fixed at cents for each 500. In accordance
with the senate amendment.
Bills OF Iading for Export-Repealed.
Express Receipts-Repea!ed.
Telegraph Messages-Repealed.
Miscellaneous Bonds-Tax repealed. ex-
cept upon bonds of indemnity.
Certificates of Damage and Certificates
Not Otherwise specihed-Repealed.
charter Party-Repealed.
Conveyances - Exempted below $500
above $500 20 cents for each $500 in accord
ance with senate action.
Telephone Messages-TaX repealed.
Insurance Tax Repealed.
Insurance-Tax repealed on all kinds OF
insurance in accordance with the action OF
the house, the senate conferees receding
on all senate amendments.
Leases-Tax repealed
Manifests-Tax repealed.
Mortgages-TaX repealed.
Steamship Passage Recepts-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 repealed
Chewing Gum-Tax repealed.
Legacies-Law modified so as to exclude
from taxation legacies OF charitable re-
ligious, literary or educational character
The total reduction of the revenues as
made by the bill as agreed upon will
amount to about Sal 100000, as against a
reduction Of s40,0O0.000 as It passed the
house and A5,OO0,0O as amended In the sen
ate.
The provisions OF the bill as agreed upon
Will take effect on the first of next July,