Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1917-10-20


sons ana $1,000 for single persons Is
III addition to the present law exempt
Ing incomes OF less than $4,000 for sin
gle persons and 81 900 for married per-
sons. Thus those between the new low
exemption bases and the present cx-
emptions will pay only the 2 per cent
TAX, but single persons having an in
come of $4,000 or more and married
persons whose income is $4,000 or more
would pay the full per cent normal
tax
The senate income provision allow
ing an additional exemption of 5000
Tor 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
lect to the new reduced taxes with the
$4,000 and $1,000 exemptions, respcc-
lively, for married and single per
sons.
Surtax Is Agreed Upon.
SurtaNes were agreed upon rs fol-
lows:
One per cent on income over $4,000
and less than $500; . per cent be-
tween $500 and $4,000; 3 per cent
between $4,000 and $12, 800; 4 per cent
between $4,000 and $4,000; 5 per cent
between $4,000 and $4,000; Z per cent
between 100000 and $4,000; 10 per
Is per cent between $4,000 and $780,
per cent between 100000 and $50 900;
is per cent bctwene $4,000 and $780,
600; % per cent between 100000 and
Slao,0oO: 20 per cent between $15O,OOO
and 100000; 20 per cent between
100000 and $25O,O0O; 81 per cent be-
tween $250,000 and 100000; 81 per
cent between 100000 and 100000;
40 per cent between 100000 and $780,
600; 40 per cent between $780, 600 and
Sl,ooo,oo0, and so per cent Oh incomes
exceeding 100000.
Increased Tax on Whisky.
increased senate rates on whisky
ana peer were virtually retained, and
th'lt on wines somewhat reduced. The
TAX on distilled spirits was made So. 10
per gallon when for beverage use and
81 less for Industrial purposes, esti-
mated to raise $135,00O,OO0. The
amendment prohibiting importation of
distilled spirits for beverage use was
retained, Floor tcxes to roach with
drawn LIQUORS were approved Beer
was taxed $3.50 per barrel additional
to raise $1G,000,000, an Increase of 25
cents per barrel over the house rate.
Present wine taxes were doubled.
IaNes on nonalcoholic beverages
were compromised. On prepared
sirups and extracts the taxes gradu-
atcd from to 20 cents instead of
from 3 to ~ cents 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-ccnt rate of the house.
senate rates on cigars and cigarettes
were retained, but those on snuff were
increased from i cents to 5 cents n
pound.
Stamp Taxes Fixed.
Stamp taxes agreed upon are:
bonds OF Indebtedness, s cents on
each 500.
Indemnity and surety bonds, no
cents.
Parcel post packages, 1 cent for
each 20 cents Of the cost of transpor
tatiOn.
Capital stock, original issues, cents
per 500.
Sales and transfers, cents per 500
safes or produce on exchange. 2
cents for each $500 value in merchan-
disc.
Drafts, checks payable other than
on sight or demand, promissory notes,
except bank notes for circulation, and
renewals, cents for all sums below
800 and cents for each additional
500 or fraction thereof.
conveyance papers, SO cents be-
tween 500 and $500 and so cents for
each additional $500.
Customs house entries, from 81
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, S., and
above $50, So.
Voting proxies, 10 cents.
Power Of attorney, % cents.
filylng cards, decks of not more
lhah Oh cards, an additional s cents
on the present rates.
Faxes on life Insurance. eliminated
from the house bill in the scnoto
were amended and reinscrtcd, RAISING
ABOUT So,0OO,0OO. Effective November
the new taxes on new insurance. mol
lctcs issued are cents per 500 or
traction thereof on life insurance ant
I cent per 81 on tie 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 1
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