Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-09-21
UNDERWOOD
PRESENTS TAX
BILL IN HOUSE
Democratic Leader Will Pilot
the Measure for Raising
$1o5, 900, 900.

WASHINGTON, Sept. 81. = The
emergency revenue bill to raise S105,-
100000, taxing beer, wines, gasoline.
bankers, brokers, amusement propri-
etors and commercial instruments,
was introduced in the House today
by Majority Leader Underwood.
Mr.. Underwood plans to call up the
measure for consideration next
Thursday under a special rule. He is
determined to press the bill and be-
lieves it is assured of passage in the
House by the end of the week.
As finally drafted. the bill levies a
tax of $1.50 a barrel on beer; sweet
wines, twenty cents a gallon; dry
wines, twelve cents; gasoline, two
cents gallon; bankers, 50 on each
$1,000 of capital and surplus and un-
divided profits; brokers, $50 each;
pawn brokers, $40; commercial
brokers, $40; customs house brokers,
$40; proprietorH of theatres, mu-
seuils, concert halls in cities of $4,000
population or over, $100 each; circus
propristors, 500 a. year; proprietors
of bowling alleys and billiard rooms
50 for each alley or table.
$50 TO BE Tax on Tobacco Dealers.
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 ievies 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, eight 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goods withdrawn from custom house.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 acr Is entered at custom-houses
frcnl pty-five cents to 81, accord
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 $5 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 a note.
bill OF acceptance, ETC., twenty-five
cents. 49,
To BE Effective on Passage OF Bill.
The war tax will become effective
immediately upon passage Of the bill.
except that the stamp tax provisions
will not become operative until No
vefnber l.
The bill, introduced as soon as the
House met, 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 affix a stamp to each tele-
gram.
All federal, State, county, town and
municipal bonds. debentures or GER
tificates of indebtedness are exempt,
as are stocks and bonds issued by CO.
OPOi oSiNO OdiidiliS anu lOaD. aEEOcld-
tions that loan only to their stock
holders.
Insurance Policies to BE Taxed.
In taxing life insurance policies
eight cents for each $10O the bin 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-
tion 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.