The Birmingham age-herald., 1917-09-30

portation; capital stock. original is sues, cents per $100 sales and trans fers. cents per s10o; sales of pro- duce on exchange. cents for each $100 value in merchandise: drafts. checks payable other than on sight or demand, promissory notes except bank notes for circulation and renew als. ? cents for all sums below sl00 and cents for each additional S100 or fraction thereof; conveyance papers. 80 cents between s100 and $500 and 50 cents for each additional $500: cus- tom house entries. from 25 cents to s1; entry for withdrawal from bonded warehouses, 50 cents; passenger ves- sel tickets for ports other than those in the United States. Canada and Mexico, between s10 and $50, s1; be- tween s30 and t60. s3; and above fs. s5; voting proxies, 10 cents: power of attorney, % centss playing cards, decks of not more than 54 cards. an addi- tional cents on the present rates,
 WIRE MESSAGES
 House and Senate provisions for a tax of cents each on telegraph. tele- phone and radio message costing 15 cents or more and designed to raise $7,000,000 were retained. but the House tax on gas electric and telephone service was eliminated.
 INSURANCE
 Taxes on life insurance. eliminated from the House bill in the Senate were amended and reinserted, raising about s5,000.000. Effective November 1. the new taxes on new insurance l policies issued are cents per sl00 ol | fraction thereof on life insurance ant 1 cent per S1 on the premium charged | on marine. casualty. fire and inland ! insurance " .. Amusement taxes agreed upon provide 1 that all persons entering places o | amusement free, except employees and Of l ficials on duty and children under IF would pay tax at a rate of 1 cent oI each 10 cents or fraction thereof of tn, admission charge. This tax also would apply to cabarets and similar perform ances where the cost of entertainment i l included in other costs, such as service 1 Holders of annual box seats would pa, 10 per cent of the annual rental. Nicke 1 theatres, and shows, rides and othe | outdoor park amusements with a max mum admission to 10 cents and benefi entertainments and agricultural fair | were exempted.
 CLUB TAXES
 After November 1, 1o17 members of al clubs-except certain fraternal orders paying more than SIP annual dues woul ] Dc SuDJeCL lO u lV per cent tdx.
 1 On excess profits, the conferees agree upon minimum deduction of per cen and maximum of 10 per cent. instead of the to 10 per cent fixed by the Sen 1 ate. Other exemptions are 5000 Tor cor porations and s60O0 for individuals. Cor porations, partnerships and individual having no capital stock would pay a fla rate of 8 per cent on net profits in ex cess of s3000 for corporations and of $500 for individuals and partnerships.
 MISCELLANEOUS
 Miscellaneous income tax amendment inserted by the Senate were general adopted, including the so-called lone l amendment for a tax of 10 per cent O corporations undistributed surplus, witr out allowance for income taxes paid. Tn 10 per cent tax would not apply to un distributed incomes actually invested c employed in business or invested in fec eral securities after September 1, 19l and per cent penalty for surplus r, tained, but not employed is provided.
 In making for administration. and co lection of the new and existing taxe the conferees provided that the speci: tax of 12z per cent on war munitio manufacturers shall be reduced to 10 D, cent, but retained to January 1, 1918. now yields about $29,0O0,0OO annual and the Senate had proposed it's repeal