Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1917-10-12

increased from cents to 5 cents a
pound.
Stamp Taxes Fixed.
Stamp taxes agreed upon are:
Bonds of Indebtedness, 5 cents on
each 500.
Indemnity and surety bonds, so
cents.
Parcel post packages, 1 cent for
each % cents of the cost of transpor-
tation.
Capital stock, original issues, cents
per $1OO.
Sales and transfers, 2 cents per 500,
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 2 cents for each additional
$100 or fraction thereof
Conveyance papers, so cents be-
tween $100 and $500 and so cents for
each additional $500.
Customs house entries, from 25
| cents to 81; entry for withdrawal from
bonded warehouses, so cents.
Passenger vessel tickets for ports
| other than those in the United States,
| Canada and Mexico, between $40 and
$50, 81; between $50 and $50, So, and
above $50, So.
| Voting proxies, 10 cents.
Power of attorney, 25 cents.
Playing cards, decks of not more
than 81 cards, an additional 5 cents
on the present rates.
Taxes on life insurance, eliminated
from the house bill in the senate,
were amended and reinserted, raising
about $5,0O0,0O0. Effective November
1 the new taxes on new insurance pol
icies issued are 8 cents per $1OO or
fraction thereof on life insurance and
1 cent per 81 on the premium charged
on marine, casualty, fire and inland
insurances.
Amusement taxes agreed upon pro
vide that all persons entering places
of amusement free, except employee:
and officials on duty and children un
der twelve, would pay tax rate of
cent on each 10 cents or Fraction
thereof of the admission charge. Thi:
tax also would apply to cabarets ant
similar performances where the cos
of entertainment is included in othel
costs, such as service. Holders of an
nual box seats would pay 10 per cen
of the annual rental. Nickel theater'
%1o- vi
park amusements with maximum ad
mission Of 10 cents and benefit enter
tainments and agricultural fairs wer
exempted.
After November 1, 1917, members o
all clubs, except fraternal orders, pay
ing more than $12 annual dues woul
be subject to a 10 per cent tax.
Exemptions Are Allowed.
On excess profits the conferee
agreed upon a minimum deduction Q
per cent and a maximum of 10 pc
cent, instead of the 6 to 10 per cen
fixed by the senate. Other exemI
tions are $1,000 for corporations an
$4,000 for individuals. Corporation:
| anu lIdlf III
no capital stock would pay a fiat rat
of per cent on net profits in exces
| of $4,000 for corporations and $500
J for individuals and partnerships.
} Miscellaneous income tax amend
| ments inserted by the senate wer
= generally adopted, including the 81
, called Jones amendment for tax {
f 10 per cent on corporations indi
5 tributed surplus, without allowane
: for income taxes paid. The 10 Pc
r cent tax would not apply to undi
, tributed income actually invested {
) employed in business or invested
federal securities after September
1917, and per cent penalty for su
S plus retained but not employed is pr
j vided.
+ In making provision for administr
f ton and collection of the new al
e existing taxes the conferees provide
t that the special tax of 1914 per cel
S on war munitions manufactures sha
e be reduced to 10 per cent, but r
tanned to January 1, 1918. 1t no
S yields about $29,000,000 annually az
e the senate had proposed its repeal.