Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-11

Continued From Page I.
Income tax ..... 10000, 900 69625. OOC
Totals 1890. 800 900. 900 StOs. SOS. OOt
An amendment has been made &c
the income tax as introduced on the
floor OF the Senate by the Finance
Committee. which places the date
upon which this tax shall become
operative at March l, 1913. instead Of
January /. 1913,
Inoome Tax Suffers Cut.
This will cut the 1918 revenue from
the income tax TO about S5s0oO 900
and slightly decrease the estimated
revenue for the current year and that
calculated for the original House bill
This in part is counterbalanced by
the extension OF time granted the
wool and sugar schedules, during
which the Payne Aldrich rates shall
remain operative.
The extension Of time for the
Payne Aldrich bill was the only
change made in these schedules. In
the sugar schedule the old tariff rates
are to be continued until March J.,
1914. and in the wool schedule raw
wool is to become free on December
l. 1913 and the Underwood Simmons
rates on wool manufacturing are to
become operative on January /, 1914
The sugar schedule retains May /.
1916. as the date upon which sugar
shall be admitted free OF duty
In the free list the principal ad
ditions were raw furs, works Of art
gunpowder. Angora goat hair and al
paca, cattle, sheep and other domestic
live animals, wheat, steel ingots,
Photographic and moving picture
films. ferromanganese. fax. machinery
used in making books for the blind,
cement, text books used in the
schools. jute bagging, lizarin. cast
iron pipe and agricultural imple
ments.
Autos Reelassifsd.
The chemical schedule was cut
from 10 to S per cent The earthen-
ware and glassware schedule suffered
a like reduction. In the metal sched-
ule a number Of important changes
were made beside the free listing of
iron and ore products. These In
cluded decrease from ~ per cent
"a 10 per cent IN beams. from 10 TO
IL per cent in steel plate and iron
forgings and from 10 to 6 per cent In
steel castings
Automobiles were reclassihed, those
valued up to $1,000 being made du-
table at Is per cent: those from
81 900 TO $1,000 at 30 per cent and
automobiles over 81 800 In value at 40
per cent. Parts remain the same as
scheduled in the Houes bill.
In the wood schedule the principal
change was the free listing OF cedar
logs
In the agricultural schedule horses
and mules are taxed at 10 per cent;
oats are cut from $40 20 sos per
pound and a tax of $.33 per hundred
weight on oatmeal and rolled oats,
and 500 per hundredwelght on oat
feed was added.
Foodstuffs Reduced.
Citrus fruits were left as they
stood in the Underwood bill and sub
stantial reductions were made on
cheese, seeds, fish. extracts of meats,
chocolate and peas.
The wine schedule was amended to
increase the duty on brandies used in
terrifying wines.
The cotton schedule was completely
rewritten and reclassified the net re
suit being practically the same, from
revenue producing standpoint. as
the Underwood bill. The duties on
stockings and some cotton clothes
however, were slightly reduced. The
wool schedule was substantially re-
duced In all those manufactures com
ing into common use. This includes
stockings, blankets, yarns and clothes
The silk schedule was reclassified
from an ad valorem TO a specific ba
sis, the general tendency being down
ward on articles coming into common
use.
In the paper schedule a retaliatory
clause aimed at Canada was included
which permits the levy OF a duty upon
Canadian paper as high as the tar
placed upon the exported American
product.