The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1917-10-13

license tax on owners, the cOnferees
adopted q per cent tax on all motor
vehicles, including trucks, payable by
manufacturers. producers and Import
ers.
Taxes Of 3 per cent Of manufacture
ers' ales of musical instruments and
jewelry also were written in, with q
tax of 4 cent foot Un motion pic
ture film.
New Inheritance Tax.
A new system of graduated inheri-
lance taxes was written into the bill
in lieu of the house plan and despite
The senate's rejection of such taxes.
The new rates on lnheritnnces, with
those of Americans in military service
exempted, range from one-half of
per cent on $4,000 estates to 10 per
cent on estates Of S10,0O0,0O0 and
more.
The bulk Of the increases of between
$3.50. 1000. 900 and S3OO.OOO.O 900 made by
the conferees In the senate bill was
secured from the postage. public utili-
Tics uuu SUITES SCNliob
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 $1,000 for married per-
sons and $1,000 for single persons is
In addition to the present law exempt
Ing incomes of less than $1,000 for sim
gle persons and $4,000 for married per-
sons. Thus those between the new low
exemption bases and the present ex-
emptions will pay only the 2 per cent
come Of $1,000 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 $500
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
| ject to the new reduced taxes with the
$1,000 and $1,000 exemptions, respec.
lively, for married and single per.
sons.
| Surtax ls Agreed Upon.
Surfaces were agreed upon as fol.
lows:
One per cent on income over $1,000
and less than $500: 2 per cent be-
tween $500 and $4,000; 8 per cent
between $4,000 and $l2,500; per cent
between $12.5OO and $4,000; per celt
between $4,000 and $4,000; per CEN
between $4,000 and $4,000: 10 pei
IS per cent between $4,000 and 500,
per cent between 100000 and $4,000
IS per cent betwene $4,000 and 500.
! 600; % per cent between 100000 ant
$150.O00; IS per cent between $15O.OO'
and 100000; 80 per cent between
100000 and s250OO0; "a per cent be
tween $25OOOO and $4,000; 81 pc
cent between 100000 and $5OO.OO0
40 per cent between 100000 and $3.50,
600: As per cent between S750,000 an,
$1.0O0,OO0. and 50 per cent on incomes
exceeding s1.0OO.OOO.
Increased Tax on Whisky.
Increased senate rates on whisk,
and beer were virtually retained. all,
that on wines somewhat reduced. Tn
tax on distilled spirits was made 50. l,
per gallon when for beverage use an,
81 less for Industrial purposes. est
mated to raise S135,OO0,OO0. Tn
amendment prohibiting importation O
distilled spirits for beverage use wa
retained. Floor taxes to reach with
drawn liquors were approved. Bee
was taxed S1.50 per barrel additional
to raise s46.OO0,O00. an Increase of 2
cents per barrel over the house rate.
Present wine taxes were doubled.
Taxes on nonalcoholic beverage
were compromised. On prepare
sirups and extracts the taxes gradu
ated from 5 to 20 cents instead O
from 3 to IL cents gallon wer
adopted. Grape juice and other sof
drinks are taxed cent per gallon, a
provided by the senate In reducing tn
original 2-cent rate of the house.
Senate rates on cigars and cigarette
were retained, but those on snuff wer