The review. [volume] (High Point, N.C.) 1908-19??, 1914-10-01
WAR TAX BILL
IS NOW IN FORM
Provisions of Measure to Raise
$1O5, 900, 900
is EFFECTIVE On PASSAGE
Liquors, ADJUSTMENTS and Gasoline to
Bear the Rrunt-Spanish War I'm
posts Chanoed-M ethod of Collect
ing Telegram lmposts Changed.

Washington.-The emergency rev.
enue bill to raise $105,000,000, taxing
beer, wines, gasoline. bankers, brok-
ers, amusement proprietors and COM
mercial Instruments, was introduced
i'll the House by Majority Leader
Underwood.
AS finally drafted, the bill levies a
tax of $3.50 a barrel on beer; sweet
wines, twenty cents a gallon; dry
wines, twelve cents; gasoline, two
cents a gallon; bankers, 81 on each
81 900 of capital and surplus and un-
divided profits; brokers, $50 each;
pawn brokers, $40; commercial
brokers, $40; customs house brokers,
$40; proprietors of theatres, mu-
seums, concert halls in cities of $4,000
population or over, 500 each; circus
proprietors, 500 a year; proprietors
| of bowling alleys and billiard rooms,
S. for each alley or table.
Tobacco dealers and manufacturers
are taxed the same. as in 1898, except
that in the largest class tobacco
dealers not specifically provided for
the tax is $3.50 each. A tax of $12 was
levied in 1898 on tobacco dealers
having annual sales of $4,000 pounds
or over. The bill levies tax of five
cents on bonds and certificates of in
debtedness for each $1,000 involved;
one cent on telephone messages cost.
ing fifteen cents or more, and one
cent on all telegraph messages; In
demnity bonds, fifty cents; certifi-
Gates of profit, two cents; certificates
| Of damage, twenty-five cents each;
life insurance policies, Fights cents on
each 500; fire, marine, casualty, fl
deity and guaranty insurance poll
cies, one-half cent on each dollar;
goods withdrawn from custom-house,
all to pay a stamp tax of fifty cents,
| and goods entered at custom-houses
from twenty-five cents to 81, accord
| ing to value.
| A tax of two cents for each seat in
a parlor car and for each berth in a
| sleeping-car is levied. On passage
tickets from an American to foreign
port a tax of from 81 to S. is levied.
! A tax of ten cents is levied on brok-
| ers' contracts, deeds and other con-
veyances; fifty cents when not ex-
ceeding $500 in amount and fifty
> cents for each additional $500; mort
cages, twenty-five cents for each
$1,000; power of attorney to vote, ten
cents; power of attorney to sell,
| twenty-five cents; protest of note,
bill of acceptance, etc., twenty five
cents.
The war tax will become effective
Immediately upon passage of the bill,
except that the stamp tax provisions
will not become operative until No
vember /. .
The bill puts responsibility for
collecting Of telegraph and telephone
taxes upon the companies through
sworn returns to the collectors of in
ternal revenue. In 1898 the public
was required to afix a stamp to each
telegram.
All federal, State, county, town and
municipal bonds, debentures or GER
tifcates of Indebtedness are exempt,
as are stocks and bonds issued by CO.
operative building and loan associa-
lions that loan only to their stock
holders
In taxing life insurance policies
eight cents for each $lOO the bill pro-
vides that policies issued on the in
dustrial or weekly payment plan the
tax will be 40 per cent. of the first
weekly premium, the company to pay
the tax. The tax will not apply to
any "fraternal beneficiary society, or
order, or farmers purely local CO.
operative company or association, or
employees relief associations operated
on the lodge system or local .co-opera-
ton plan organized and conducted
solely by the members for their ex-
elusive benefit and not for profit"
Purely cooperative or mutual fire
insurance companies carried on by
members solely for protection of their
own property and not for, profit will
be exempt.