The Dolores star. [volume] (Dolores, Montezuma County, Colo.) 1901-current, 1917-10-12

manu6ncturef2 peO0ucef8 and imD0et-
sE1 -
Taxes a . per cent Of manufnctur.
erS ales q musical instruments ard
jeweary also vers written In. with n
tnx e 4 cent Q foot - moeioa ME.
ture aim.
esSsv Dnl>osstnnes Tax
A new system Of graduated inhefa-
tanea tnxes WAS written into the rim
h nea Of the house plan and despate
the senate,s rejection Of such tsxee.
The new rates on inheritance.. With
those of Americans In military service
exempted, range from one-haH Of 1
per cent ON s5O00O e.t,tes ~ m -,
cent on estates Of $4,000 900 and
more.
The bulk Of the Increases of between
$3.50, 600 600 and $500, 900 900 made BIZ
the cOnferees In the senate bill was
secured from the postage, public utiIi-
ties and manufacturing sales section
and the new Inheritance taxes.
With but few exceptions, the new
taxes are effective with the manage Of
the act.
Senate Version Stands.
The income tax section was sdonted
virtually as written By the senate, The
new 2 per cent normal tax on incomes
Of more than $1,000 for married per
sons and 81 900 for single persons IL
in addition to the present law exempt
ing incomes Of less than 5000 for SIN.
gle persons and $4,000 for married per
sons. Thus those between the new low
exemption bases and the present ex-
emptions will pay only the per cent
tax. but single persons having an In
come Of 5000 or more and married
persons whose income Is $4,000 or more
would pay the full per cent normal
tax.
The senate income provision allow
Ing an additional exemption of $500
Tor each dependent child to heads Of
families subject to the present law was
retained. The exemption for children,
however, does not apply to those SUBJ
1ect to the new reduced taxes with the
S2OOo and $1,000 exemptions, respec-
lively, for married and single per-
sons.
Surtax 10 Agreed Upon.
Surtaxes were agreed upon as fol-
lows:
One per cent on income over 5000
and less than $500; 2 per cent be-
tween $7,5OO and $4,000; 3 per cent
between $4,000 and $500; 4 per cent
between $12.5OO and $4,000; per cent
between $15,0 900 and $4,000; per cent
between $4,000 and $4,000; 10 per
IL per cent between $50 1000 and $780,
per cent between 100000 and $4,000;
ID per cent betwene $50, 200 and $780,
600; p per cent between 100000 and
$l5O.OOO; rs per cent between $4,000
and 100000; 30 per cent between
100000 and $250,OOO; "a per cent be-
tween $25O.OOO and 100000; 81 per
cent between 100000 and $780, 600;
40 per cent between 100000 and $780,
COO; 40 per cent between $4,000 and
100000. and so per cent on incomes
exceeding 100000.
Increased Tax on Whisky.
Increased senate rates on whisky
and beer were virtually retained, and
that on wines somewhat reduced The
tax on distilled spirits was made $40
per gallon when for beverage use and
81 less for Industrial purposes, esti-
mated to raise $135.0O0.OOO. The
amendment prohibiting importation Of
distilled spirits for beverage use was
retained. Floor taxes to reach with
drawn liquors were approved. Beer
was taxed $1.50 per barrel additional.
| TO raise $46.OOO,OOO, an Increase Of rs
cents per barrel over the house rate.
Present wine taxes were doubled.
Taxes on nonalcoholic beverages
were compromised. On prepared
sirups and extracts the taxes gradu-
ated from to 20 cents instead Of
from to IL cents gallon were
adopted. Grape juice and other soft
drinks are taxed 1 cent per gallon. as
provided BY the senate in reducing the
original 2-cent rate Of the house.