The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-09-23
SENATE RATES FOR
INCOME TAX PREVAIL
C0nferees Practically Reach an
Agreement Except on
Exemptions.
TAX ON sUBwAYs is OFF
Tariff Bill Will Reach President
October I, According to
the Outlook.
TAX ON SUBWAYS rs OFF

CSpt. 90 W ueu tsr SOu-
ferees on the Underwood Simmons tariff
bill adjourned tonight they practically
had reached an agreement on the rates
of the income tax ~ hxed BY the Senate
amendment to the bill
The question Of limit Of exemption 10
still open. which involves also ~ IN in
cident the additional exemptions allowed
by the Senate bill on account OF . de-
pendent wife and dependent children. The
additional exemptions are $1,000 on &C.
count OF dependent children up to a limit
Of 81 900.
The House fixed the limit OF exemption
at $4,000 and the Senate lowered II to
5000. with the additional exemptions
on account Of dependent wives and de-
pendent children. which make possible
total exemption OF $1,000. The question Of
exemptions Of insurance companies II
still! open. as are a number Of other
amendments.
An amendment made by the Senate
prescribing the manner OF computing the
net income for the purpose of normal tax
report that prevailed among Senators and
Representatives this evening,
The Conferees' Progress.
The conferees say that they made more
progress with the income tar provision
than they had expected. 1t is probable
that the conferees will pass over the In
come tax amendments that remain and
devote tomorrow to consideration Of
the Administrative features.
An agreement was reached on the
amendment offered by Senator OGorman,
which was suggested by the City Comp
troller OF New York and the United States
Attorney and which Is intended to relieve
the city from any obligation to pay an
income tax on account OF its ownership
and participation In the construction Of
the new subway extensions. 1t 10 under
stood that this amendment was accepted
by the conference.
The entire day in the conference was
given up to the income tax. The full
conference did not meet until noon, 4
subcommittee OF the conference com.
mittee being engaged all morning on the
income tax.
he busy with the bill until Thursday and
possibly until Saturday. President Wilson
expressed the hope to callers to-day that
he would be able to sign the bill not
later than Thursday.
He made this statement after confer.
ence with Senator Simmons and Senator
HOke Smith. When the President signs
the bill he will probably make public q
statement analysing the measure and
pointing out the benefits to the public that
he believes will now from II.
\
Fisish Of the Work.
While the Democratic members of the
conference who have been working on the
bill up to this time may finish their
work by Thursday or Friday they will
have to invite into the conference the
Republican members before submitting
their report to the two houses. II 10
generally conceded that two or three days
debate on the report will occur In the
Senate and House after II Ia submitted.
Senator Simmons has asked that ab-
sentee Democrats be called back TO WASH
ingtOn for the session on Thursday. on
the theory that the bill may be ready for
report to the two houses at that time.
development OF the tariff situation At
the White House that proved interesting
was the visit to the President to-day Of
several Representatives from the House
who urged him to use his influence to ask
the conferees to retain the House para.
graph for per cent. discriminat tory
rebate, on all imports coming into the
United States in American vessels.
The delegation suggested to the Presi.
dent that the paragraph be changed to
read. American BUILT vessels" instead OF
"Amsrican owned Vessels"
II IL not regarded probable that the
tariff bill will b. before the President for
his signature this week. The outlook 10