Western liberal. (Lordsburg, N.M.) 1887-1919, 1917-10-12

increased from 4 cents to . cents a
pound.
Stamp Taxes Fixed.
Stamp taxes agreed upon are:
Bonds Of Indebtedness, 8 cents on
each 500.
Indemnity and surety bonds, so
cents.
Parcel post packages, 1 cent for
each 25 cents Of the cost Of transpor-
tation.
Capital stock, original issues, 8 cents
per 800.
Sales and transfers, 2 cents per 500.
Sales Of produce on exchange, 2
cents for each 500 value in merchan-
disc.
Drafts, checks payable other than
on sight or demand, promlssory notes,
except bank notes for circulation, and
renewals, 2 cents for all sums below
500 and 2 cents for each additional
500 or fraction thereof.
Conveyance papers, 80 cents be-
tween 500 and $500 and 80 cents for
each additional $500.
Customs house entries, from %
cents to 81; entry for withdrawal from
bonded warehouses, 80 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, 50. and
above $50, So.
Voting proxies, 10 cents.
Power of attorney, 20 cents.
Playing cards, decks Of not more
than "a cards, an additional 8 cents
on the present rates.
Taxes on life insurance, eliminated
from the house bill In the senate,
were amended and reinserted, raising
about $5,OO0,O00. Effective November
1 the new taxes on new insurance pol
icies issued are s cents per 500 or
fraction thereof ON life insurance and
l cent per 81 on the premium charged
on marine, casualty, fire and inland
assurances.
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
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 tho animal ronfa1 NfalraI thnoNars
and shows, rides and other outdoor
park amusements with a maximum ad
mission of 10 cents and benefit enter
tainments and agricultural fairs were
exempted.
After November l, 1917, members OF
all clubs, except fraternal orders, pay
ing more than $40 annual dues would
be subject to a 10 per cent tax.
Exemptions Are Allowed.
On excess profits the cOnfereei
agreed upon a minimum deduction o.
7 per cent and a maximum of 10 pei
cent, instead Of the 6 to 10 per cen
fixed by the senate. Other exemp
tons are $1,000 for corporations ant
$4,000 for individuals. Corporations
partnerships and individuals havini
no capital stock would pay a fiat rat
OF S per cent on net profits in excess
of $1,000 for corporations and 5000
for individuals and partnerships.
Miscellaneous income tax amend
ments inserted by the senate wer,
generally adopted, including the so
called Jones amendment for a tax o
10 per cent on corporations indls
tributed surplus, without allOwanc
for income taxes paid. The 10 pc
rent tax would not apply to undis
tributed income actually invested o
employed In business or invested 4
federal securities after September
1917, and 8 per cent penalty for SUI
plus retained but not employed is pro
vided.
In making provision for administra
ton and collection Of the new an
existing taxes the cOnferees provides
that the special tax Of 1914 per cen
on war munitions manufactures shal
be reduced to 10 per cent, but re
tanned to January 1, 1918. 1t nov
yields about $29.OOO,OOO annually I'M
the senate had proposed Its repeal.