Judsonia weekly advance., 1917-10-10


 pound.
 Stamp Taxes Fixed.
 Stamp taxes agreed upon are:
 Bonds of indebtedness, 5 cents on each $10O.
 Indemnity and surety bonds, 50 cents.
 Parcel post packages, cent for each p cents of the cost of transpor- tation.
 Capital stock, original issues, cents per $100.
 Sales and transfers, 2 cents per $10O.
 Sales of produce on exchange. 2 cents for each $100 value in merchan- disc.
 Drafts, checks payable other than on sight or demand, promissory notes, except bank notes for circulation, and renewals, 2 cents for all sums below $100 and cents for each additional S100 or fraction thereof.
 Conveyance papers, 50 cents be- tween $100 and $500 and 50 cents for each additional $500.
 Customs house entries, from 9 cents to $1; entry for withdrawal from bonded warehouses. 50 cents.
 Passenger vessel tickets for ports other than those in the United States, Canada and Mexico, between $1O and $50, $1; between $50 and $6O, $3, and above $60, S5.
 Voting proxies, 10 cents.
 Power of attorney, 25 cents.
 Playing cards, decks of not more than 54 cards, an additional cents on the present rates.
 Taxes on life insurance, eliminated from the house bill in the senate, were amended and reinserted, raising about $5,000000. Effective November l the new taxes on new insurance pol icies issued are s cents per $100 or fraction thereof on life insurance and ] cent per $1 on the premium charged on marine, casualty, fire and inland inSurance5.
 Amusement taxes agreed upon pro- vide that all persons entering places of amusement free, except employees and officials on duty and children un. der twelve, would pay tax rate of 1 cent on each 10 cents or fraction thereof of the admission charge This tax also would apply to cabarets and similar performances where the cost of entertainment is included in other costs, such as service Holders of an- nuai box seats would pay 10 per cent of the annual rental. Nickel theaters and shows, rides and other outdoor park amusements with maximum ad- mission of 10 cents and benefit enter tainments and agricultural fairs were exempted.
 After November 1, 1917, members of all clubs, except fraternal orders, pay ing more' than SIP annual dues would be subject to 10 per cent tax.
 Exemptions Are Allowed.
 On excess profits the conferees agreed upon a minimum deduction of 2 per cent and maximum of 10 per cent, instead of the 6 to 10 per cent fixed by the senate. Other exemp tions are $3,000 for corporations and $6000 for individuals. Corporations, partnerships and individuals having no capital stock would pay a fiat rate of per cent on net profits in excess of $3,000 for corporations and $6,000 for individuals and partnerships.
 Miscellaneous income tax amend. ments inserted by the senate were generally adopted. including the so. called Jones amendment for a tax of 10 per cent on corporations indis. tributed surplus, without allowance for income taxes paid. The 10 per cent tax would not apply to undis. tributed income actually invested O. employed in business or invested In federal securities after September 1, 1917, and 5 per cent penalty for sur. plus retained but not employed is pro- vided.
 In making provision for administra. ton and collection of the new and existing taxes the conferees provided that the special tax of 12h per cent on war munitions manufactures shall be reduced to 10 per cent, but re- tained to January 1, 1918. It now yields about $29.OOO.OO0 annually and the senate had proposed its repeal.