The Green Forest tribune., 1917-10-12

the conferees in the senate bill was secured from the postage public utili ties and manufacturing sales section and the new inheritance taxes.
 With but few exceptions. the new taxes are effective with the passage of the act
 Senate Version Stands.
 The income tax section was adopted virtually as written by the senate The new ? per cent normal tax on incomes of more than S2000 for married per sons and S1,000 for single persons is in addition to the present law exempt ins incomes of less than $3,000 for sin gle persons and $4,00U 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 S3,000 or more and married persons whose income is S4,O00 or more would pay the full per cent normal tax.
 The senate income provision allow ing an additional exemption of $200 for each dependent child to heads of families subject to the present law was retained. The exemption for children, however does not apply to those sub iect to the new reduced taxes with the $2.000 and $1,0O0 exemptions. respec- lively, for married and single per sons.
 Surtax Is Agreed Upon.
 SurtaXes were agreed upon as fol- lows:
 One per cent on income over $5.0O0 and less than $7500; per cent be tween $7.5O0 and S1O,OO0; per cent between $1O.OOO and SIP, 300; 1 per cent between S12. 800 and S15OOO; , per cent between $f5,0oO and $20O0O; per cent between S20OOO and S40.000: 10 per IS per cent between SS0.000 and S100,- per cent between S60,000 and $S0,000; i; IS per cent betwene SS0.000 and S100,- GOO: % per cent between $100.000 and $150,000; 25 per cent between $150,000 | and S200000; 30 per cent between S20000O and S250,000; 34 per cent be- tween S250000 and $30O000; 37 per l cent between $300000 and S500000 i; 40 per cent between $5OO,000 and $780, GOO; A per cent between $750,000 and ] $1.000000. and 30 per cent on incomes exceeding $1,000,o0o. increased Tax on Whisky. Increased senate rates on whisky | and beer were virtually retained, and l that on wines somewhat reduced. The tax on distilled spirits was made $2.10 1 per gallon when for beverage use and 1 S1 less for industrial purposes, esti- mated to raise S135,0O00OO 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 S4G,00O000, an increase of 9 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 5 to 20 cents Instead of from to 12 cents a gallon were adopted. Grape juice and other soft drinks are taxed l cent per gallon, as | provided by the senate in reducing the original 2-eent rate of the house.
 Senate rates on cigars and cigarettes were retained, but those on snuff were increased from i cents to 5 cents a pound.
 Stamp Taxes Fixed.
 Stamp taxes agreed upon are:
 Bonds of indebtedness, 5 cents or each $100.
 Indemnity and surety bonds. 5t cents.
 Parcel post packages, 1 cent fo each D cents of the cost of transpor tation.
 Capital stock, original issues. , cent per $100.
 Sales and transfers, 9 cents per $1OO
 Sales of produce on exchange. cents for each S100 value in merehan disc.
 Drafts, checks payable other thai on sight or demand. promissory notes except bank notes for circulation, ant 1Alg'N' 'Aisot NEllLS lDl ull SulIlS DelON $100 and 2 cents for each additiona $100 or fraction thereof.
 Conveyance papers, 50 cents be tween S100 and $500 and 50 cents fo each additional $500
 Customs house entries, from 2 cents to S1; entry for withdrawal iron bonded warehouses, 50 cents.
 Passenger vessel tickets for port other than those in the United States Canada and Mexico, between S10 an S30. $1; between $50 and S6O, s. an above $60 $5.
 Voting proxies, 10 cents.
 Power of attorney, 9 cents.
 Playing cards, decks of not nor than 54 cards, an additional 5 cent on the present rates.
 Taxes on life insurance, eliminate from the house bill in the senat, were amended and reinserted, raisin about $5,000,0OO Effective Novembe l the new taxes on new insurance DO tcies issued are 8 cents per S1OO c fraction thereof on life insurance an | Spprptarv MnA don tc.,,o.3 AL.