New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-30

House rate Of 10 per cent on passenger
Transportation, estimating 10 raise from
the compromise levy shout $60,0O0,o0c
instead Of SS7 500 COO under the Senate
plan. The 3 per cent tax on freight
Transportation was retained, and the tax
on express transportation WAS increased
so that ono cent would be levied on
each 20 cents paid instead OF each 20
cents. The House 20 per cent tax on
Pullman accommodations, cut to per
cent by the Senate, was restored, and
- estimated to raise S5.o00,c0o.
In lieu OF the House per cent tax
on sales Of automobiles by manu-
facturers and the Senate Federal IL
cense tax on owners the conierrees
adopted 3 per cent tax on all motor
vehicles, including trucks, payable oy
manufacturers, producers and import
Crs.
Motion Pictures TO Pay
Taxes OF per cent on manufsctur-
crs' sales Of musical instruments and
iewelry also were written in. with
tax Of !. OF a cent foot on motion
picture films.
On sporting goods the revised bill
levied 3 per cent on manufacturers
sales instead OF 5 per cent proposed
nv the House ard per cent by the
Senate. The 3 per cent levy also was
adopted for cameras in lieu Of the
Senate per cent rate, and chewing
gum manufacturers would be taxed 2
per cent Of gross sales, reduction oil
3 per cent. from the House rate.
The Senate per cent manufacturers
sales taxes on perfumes and patent
medicines were retained.
The Senate one-ccnt stamp tax on
bank checks wss not restored, but its
tax Of one cent on parcel post pack
ages costing % cents or more was re-
tanned. Other stamp taxes, all made
effective December l. were retained and
the House tax on indemnity bonds was
restored.
A new system of graduated inner
itance taxes was written into the bill, IN
lieu OF the House plan and despite the
Senate's rejection of such taxes. Inc
new rates on inheritances, with those
Of Americans in military service eN-
cmpted. range from one-half Of / per
cent. on $4,000 estates, 10 10 per cent,
on estates Of 100000 and more.
The bulk Of the increases Of between
$3.50, 100000 and sS0o,00o,Oo0 made by
the conferrees in the Senate bill was
secured from the postage, public utlIl-
ties and manufacturing sales sections
and the new inheritance taxes.
Becomes Effective at Once
With only few exceptions. the new
taxes are effective with the passage OIL
the act.
Roth Senator Simmons and Repre-
sentative Kitchin, heading the Senate
and House conferrees, to,nlght eX-
dressed satisfaction with the confer
ence reyisions, and said they believed
the compromise measure an improve
ment over both the Senate and house
bills.
The income tax section was adopteo
virtually as written BY the Senate Inc
.nov , ner cent normal tax on incomes
Of more than $4,000 for marrled per
sons and 81, 600 for single persons rs IN
o3dit;on to the present law exemptng
incomes of less than $4,000 for single
rersons and $4,000 for married persons.
Tins. those between the new low ex-
enption bases and the present exemp-
tion will pay only the new per cent
tax. but single persons having an IN,
come of $4,000 or more and married
oersons whose income is $4,000 or more
sould pay the full 4 per cent normal
tax. H.
The Senate income provision allow
ing an additional exemption OF S2ou LOT
each dependent child to heads OF fam-
lies subject to the present law was re-
famed. The exemption for children,
however. does not apply to those sub
iect TO tle new reduced taxes with the
$4,000 and $1,000 exemptions, respee-
lively, for married and single persons
Surtaxes Agreed On.
Surfaces were agreed upon as fol-
lows: JE ooo
One per cent on incomes over $4,000
and less than 81 500, 2 per cent between
81 800 and $4,000, 3 per cent between
$4,000 and S12,500, 4 per cent between
S12.5O0 and $4,000, per cent between
$4,000 and $4,000, 7 per cent between
$50 900 and $40 900, 10 per cent between
$40 1000 and $4,000, IA per cent between
100000 and 10000, Is per cent between
$40 600 and 100000, % per cent be-
tween $4,000 and 100000, 20 per cent
between $4,000 and 100000, 30 per
cent between 100000 and S250,OOo. "a
Der cent between s250,O00 and $780,
600, 81 per cent between 100000 and
100000, 20 per cent between s5oo,Ooo