The Washington times., 1914-09-20
DEMOCRATS AGREE
ON WAR TAX RATES
Bill Patterned Closely After
Measures Enacted During
Conflict With Spain.

The rates and items Of taxation under
the emergency revenue bill are agreed
upon by the Democratic members OF
the Ways and Means Committee. The
compile ted bill will be rewritten and in
reduced on Monday b. Mr. Underwood.
will he referred to the full Ways and
Means Committee. reported on TUESDAY,
md taken up in the House Thursday.
Except for the rates on beer. wines.
and gasolene. the bill closely follows
he special tax" and stamp tax pro-
1isions OF the Spanish war tax act Of
'SS. Mr.. Underwood estimates that
sos O90,toC will be aised annually by the
measure.
It is roriGed. however. that the taxes
imposed under the stamp tax section
shall be opera tive only until December
Il. 1915. The Democrats figure that the
"NigencIes of the situation brought
about by the European war will permit
he abatement Of a portion of the bill
after that date Other internal reve-
nue. taxes imposed will remain in effect
as long as needed.
The language Of the Democrat
nut the rates carried in the bill We're
announced by Mr.. Underwood. follow
ing an aE-day conference OF the Demo
Gratis Of the House committee.
Rates Agreed Upon.
The rates agreed upon are AS follows.
Be+r. 81 81 rer barrel; gaso.enr. , cents
pei gallon: domestic dIy vines. = cents
a gallon. and domestic sweet wines and
al. wines containing more thar 3 per
cent sachsrine. - cents per gallon.
Bankers. 81 upon cash $500 of capital
and surplus employed. savings banks
Stock and bond brokers, 81: pawn
brokers 500. commercial brohcrS. so,
customs houss brokers. Sl0.
All theate-s in owns of more than
Is rrI population. si09: circus proprietcrs,
500; prcprietors OF other pubic "x-
hibitions or shows not specifically men-
TONED. SO. proprietors OF bowling alleys
ana billiard rooms, s. for each table or
slley.
Tobacco dealers. $50 each. regardless
Of the size of tn. business done.
The stamp LaN provisions of the
bill are substantially these Of tn" Old
Spanish war taA. The taAes and
omissions are as follows:
Bonds. debentures. and certificates Il
Indebtedness, cents on "a"h 500 Df
face value or fraction thereof.
The tax on bank checks. drafts and
certificates Of deposits is omitted
Bills and agre sTnents Of sale, l cent
on each sI0D or fraction. pronissory
Lotes, ? cents on each sIHO
Tax on foreign bills of exchange and
letters of credit omitted.
Express and freight receipts. cent.
Telephone and telegraph messages.
ent
Indemnity bonds. n cents.
Certificates of Tr"ilt. cents cn "ach
s o.. certificates Of damage. =, cents.
Certificates OF all descriptions required
M Law and not otherwise specified, 10
ce~s
harter contracts. and agreements for
~ charter Of any snip, tax omitted on
, o.stituuionai grounds.
~roEerS notes or memorandum OF ,
sale of any goods or property. 10 cents.
Tax On Deeds.
Convevances or deeds. ~ cents. If
more than sloO and less than $50. and 30 /
gents on each $50 or fraction.
Entry Of any goods or merchandise At
any custom house, y cents to 81. accord !
~ to value !
Life insurance policies. S cents per
''"". marine. inland. and fire Insurance, !
me-hsf of per cent on each 81. cas- |
Ialty and fidelity insurance. une-half Of .
per cent on each 81.
Leases and contracts for the hire. use. I
,r rent Of am land or tenement, omit |
Manifests for custom house entry or /
-learance for foreign port. omitted.
Mortgage or pledge OF land, estate. :
rCa! and personal property. : cents on /
3 90 70 $500 value. and - cents ad- ,
- "nal or each 500 or fraction in eX- .
> Of $3.50
Passsge tickets by any vessel from |
nted States port to foreign port s. /
cos; is 81 or under. Sc if cost is more |
han 80 and not above $50: and IS II
q than $50
Powers Of attorney and proxies al I
Lotions for officers Of incorporated !,
umI snies 10 cents: power of attorney
10 sell real and other property. % cents. /
On protested paper. - cents.
TaA on warehouse receipts. omitted.
IN each seat in a parlUr or sleeping !
~. cents. This represents the onl% /
increased rate in the bill. the Spanish !
% ta> beng cent.
The taxes enumerated in Schedule |
-. known as the stamp tax section.
snail not De effective after December
y, 1915. All other taxes are TO remain
n effect until repealed by subsequent
.o ogislation. The stamp tax section is
l"pended upon to produce s3l, 10000 an
n Ially.