The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-09-06

valorem and specific duties; all questions
relating to the operation of the tariff
laws; tariff relations between the United
States and foreign countries and would
make reports to the ways and means com
mittee of the House and finance commit
tee of the Senate
Salaries of the commissioners were fixed
at $500 year, after a hard fight led hy
Senator Cummins of Iowa to increase
them to $4,000. His amendment for that
purpose was defeated after an all-day de-
bate by nonpartisan vote of 80 to IS.
A section of the bill is designed as a
safeguard against the dumping of for
eign goods into the United States at
cheap prices after the war.
1t would make it unlawful to import
goods at a price substantially less than
the actual market value or wholesale
price in the principal markets of the
country of their production. Violations
would be punishable by a fine not exceed
ing $1,000 or imprisonment not exceeding
one year, or both. To this section is also
added provision giving the President
authority to prohibit importations to this
country from nations which prohibit I'M
portations from the United States.
INCREASE ON DYES
In sections amending existing tariff
laws the bill provides for increased
after the European war in order to en-
courage upbuilding of the industry in
this country. The duty on intermediate
dyes would be Is per cent ad valorem
and special duty of IN cents pound,
on finished dyes, 80 per cent ad va1orem
and a special duty of cents pound.
Another amendment fixes the duty
on print paper valued at above cents
per pound at u per cent ad valorem.
a Ma II ant
which was defeated to place all print
paper on the free list.
The revenue bill as finally agreed
upon provides for an increase from l
to per cent on the normal income tax
with an exemption of $4,000 for married
and $4,000 for single persons, and for
the following surtaxes
One per cent on amount by which
the net income exceeds $4,000 and does
not exceed 100000; per cent, $4,000
to 100000; per cent $4,000 to $780,
900; per cent $4,000 to 100000; 5
per cent. $1,000 to $4,000; per cent,
$150,00O to 100000; per cent, $780,
900 to s25000O 8 per cent, $780,
900 to 100000; 8 per cent. 100000 to
$500, 000 10 per cent 100000 to $1,000,
900; II per cent 81 100000 to $1,000, 900;
13 per cent on the amount by which
the net income exceeds 100000.
CORPORATION INCOME TAX
The corporation income tax is re-
newed, exempting labor, agricultural
and horticultural organizations, mu-
tual savings banks not having capital
stock represented by shares fraternal
beneficiary societies, domestic building
and loan associations, civic organiza-
tions, federal land bank and national
farm loan associations
Inheritance tax: A tax on the transfer
of the net estate of decedents dying after
passage of the act, l per cent. Of the
amount of such net estates not in excess
of $4,000; 2 per cent. $4,000 to $l50,00O;
8 per cent. $4,000 to $4,000; per cent.
$3.50 900 to $3.50, per cent. $4,000 to
ST. 900 900; per cent. on 81. 100000 to $1,000 :
600; Z per cent. on $2,0O0,0OO to So, 900, 900;
s per cent. on $3,000000 to 100000; per
/ cent $4,000, 900 to $5,O0O,OO0 and 10 per cent.
on the amount by which such estate ex-
ceeds $5,000.O00
Munitions tax: Ten per cent. on the
net profits of manufacturers of gun
powder and other explosives, cartridges,
loaded or unloaded except for industrial
and sporting purposes; projectiles, shells,
torpedoes, including shrapnel, loaded or
unloaded, fuses or complete rounds OF
ammunition; firearms of any kind and
appendages including small arms manu-
cannon machine guns, rifles. and bayo-
nets, electric motorboats and submarine
or submersible boats, these taxes to be
in force until one year after the Euro
pean war ends.
LIQUOR TAXES
Liquor taxes: Beer $3.50 barrel; still
wines s cents per gallon champagne or
sparkling wine cents on each half pint
or fraction thereof; artificially carbon
ated wine 2A cents per half pint; liquors
containing sweet wine 11a cents per half
pint, and not containing sweet wine l
cent per half pint.
Stock tax: Fifty cents for each $1,000 of
capital, surplus and undivided profits of
corporations joint stock companies and
associations with capital in excess Of
sos, 900.
Special taxes: Pawnbrokers. $50 a
wear; ship brokers, $50; custom house
brokers, $1O theatres and amusement
places having a seating capacity not
exceeding $50, $50 year; not exceed
ing 500. $50; not exceeding 500, SIS,
and exceeding 500 seating capacity,
500: bowling alleys and billiard tables,
IS each.
Tobacco manufacturers tax: Those
whose annual sales do not exceed 3d.
900 pounds, So; not exceeding 10000
pounds. Sc; not exceeding 100000
pounds, $12; exceeding 100000 pounds.
5 cents per 100; manufacturers OF
cigars whose annual sales do not ex-
coed $4,000 cigars. 81; not exceeding
100, 600, So; not exceeding 1000, So not
exceeding 100000 s12; exceeding 4oo'-
COO, cents per 1000.
Stamp taxes: Bonds. debentures or
certificates of indebtedness, cents on
each 800 of face value; agreements OF
sale, cents on each 500 face value
certificates of stock, cents on each
500 Of value sales or transfers,
cents per 800; merchandise agree
ments of sale, / cent for each 500 in
value; conveyances. so cents for each
$500; warehouse receipts. 25 cents for
each 800; SO cents for $500 and 81 on
receipts exceeding $500 in value GUS
tom house receipts. so cents; foreign
steam ship tickets costing not to exceed
| $40. 81; not more than $50, So, and more
than $50. So Parlor car and sleeping
Car tickets l cent each.