The Benson signal., 1917-10-13

| increased from 4 cents to s cents
pound.
Stamp Taxes Fixed.
Stamp taxes agreed upon are:
Bonds of indebtedness, s cents on
each $1OO.
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 $100.
Sales of produce on exchange, z
cents for each $1OO 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
$1O0 and 2 cents for each additional
| $1O0 or fraction thereof.
Conveyance papers, so cents be-
tween $1OO and $500 and SO cents for
eacn aQQlClOnal SOUU.
Customs house entries, from Is
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, SIS.
| Voting proxies, 10 cents.
Power of attorney, 25 cents.
Playing cards, decks of not more
on the present rates.
Taxes on life insurance, eliminated
| from the house bill in the senate,
were amended and reinserted, raising
about $5,00O,OOO. Effective November
| 1 the new taxes on new insurance pol
icies issued are s 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 employees
and officials on duty and children un-
der twelve, would pay a tax rate of I
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
nual 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 $12 annual dues would
be subject to 10 per cent tax.
Exemptions Are Allowed.
On excess profits the conferees
agreed upon a minimum deduction OF
per cent and a maximum of 10 pei
cent, instead of the 6 to 10 per cent
fixed by the senate. Other eXemp
tiOns are $4,000 for corporations and
$4,000 for individuals. Corporations
partnerships and individuals having
no capital stock would pay flat rate
of per cent on net profits in excess
of $4,000 for corporations and $4,000
for individuals and partnerships.
Miscellaneous income tax amend
ments inserted by the senate were
generally adopted, including the So
called Jones amendment for 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 OF
employed in business or invested in
federal securities after September l.
1917, and 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 1917 per cent
on war munitions manufactures shall
be reduced to 10 per cent, but re-
tanned to January I, 1913. 1t now
yields about $29,O0OOO0 annually and
the senate had proposed it's repeal.