Pike County press. (Milford, Pa.) 1895-1925, 1901-03-08
The TAX REDUCTION BILL.

deliberations. The report OF the com
mittee is a compromise all along the
lines of the bill, the changes in the
lpresent law being as follows:
Leases-Tax repealed.
Protest Tax repealed.
Manifests-Tax repealed.
Charter party-Repealed.
Mortgages-Tax repealed.
Express receipts-Repealed.
Money orders-Tax repealed.
Chewing gum-Tax repealed.
Telephone messages Repealed.
Prom ssory notes-Tax repealed.
Power Of attoney-Tax repealed.
Warehouse receipts-Tax repealed.
Billsoflading forexport-Repealed.
Telegraph messages-Tax repealed.
Perfumery and cosmetics-Tax re-
pealed.
Certificates of deposits-Tax re-
pealed.
Bank checks-Repealed in accord
ance with the House action.
Miscellaneous bonds-Tax Repeal
ed, except upon bonds Of idemnity.
Certificates of damages and certifi-
Gates not otherwise specified-Re-
pealed.
Commercial brokers tax--Repealed
in accordance with original action of
both houses.
Bankers capital-Present law re-
tanned, the Senate receding from its
amendment.
Beer-The House rate of SLIGO a
barrel and repeating the u per cent
discount was retained.
Conveyance-Exempted below So
500; above $500, 25 cents for each
$500, in accordance with Senateaction.
Bills Of exchange, foreign--The
rate fixed at two cents for each 800,
in accordance with the Senate amend
ment
Proprietary mCdicines-Tax re-
pealed in accordance will House ac-
tion, the Senate amendment being
disagreed to.
Legacies modified so as to
exclude from taxation legacics of a
charitable, religious, literary or edu-
cational character.
Steamship passage tickets-Ex-
empted below $50 in value, and the
rate fixed at 90 cents for each $50 in
cost for that price and over.
Insurance-Tax repealed on all
kinds Of insurance in accordance with
the action Of the House, the Senate
conferrees receding on all Senate
amendments.
Cigarettes-On those weighing not
more than three pounds Thousand
the Senate rate Of lS cents pound
prevailed. The II 1use did not change
the existing law.
Certificates Of stock transfers
The rate of two cents for each 500 is
retained, and the Senate amendment
makil the law include the transac-
tion of bucket shops was accepted by
the House conferrees.
Tobacco-20 per cent discount of
the original tax Of 70 cents a pound
as against % per cent reduction as
fixed by the Senate and none as the
bill passed the House The rate
agreed upon viii make the tax $3.50
a 100 pounds.
Sales of products at exchanges
The Senate amendment exempting
sales Of merchandise in actual course
of transportation was accepted, bat
the rate Of one cent for each 500, as
fixed by the present law, was re-
tanned, the Senate amendment max
ing the rate - being disagreed to.
Cigars-On those weighing more
than three pounds a 200 the House
rate, SO "A 1000. was retained, as
against $3.50 as fixed by the Senate
and $500 as in the present law. On
those weighing less than three pounds
a thousand the Senate rate of IS cents
IA pound was allowed to stand, as
against the rate Of 81 a thousand as
fixed by the existing law, which was
not disturbed by the House.
The total reduction Of the revenues
as made by the bill as agreed upon
win amount to about 81 100000, as
against a reduction Of SO, 900, 600 as
it passed the House and $40, ,0OO,O
as amended in the Senate.
The provisions Of the bill as agreed
upon viii take effect on July / next.