Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1917-10-02

facturers. producers and importers.
Taxes of per cent on manufac-
turers. sales of musical instruments
and jewelry also were Written in,
with tax of IA cent a foot on
motion pictur films.
On sporting goods. the revised bill
levied 3 per cent on manufacturers
sales, instead of per cent propos-
ed by the house and 2 per cent by
the senate. The per cent levy
also was adopted for cameras in lieu
of the senate 2 per cent rate, and
chewing gum manufacturers would be
taxed per cent of the gross sales,
a reduction of per cent from house
rate.
The senate per cent manufactur-
ers' sales taxes on perfumes and
patent medicines were retained.
Bank Checks Escape.
The senate one-cent stamp tax on
bank checks was not restoreda but
nts tax of one cent on parcel post
packages costing 25 cents or more
was retained. Other stamp taxes,
all made effective December 1, were
retained and the house tax on in
demnity bond restored.
A new system of graduated inheri-
lance taxes was written into the bill
in lieu of the ohuse plan and despite
the senates' rejection of such taxes.
The new rates on inheritances, with
those of Americans in military serv-
iNp QXnmnfad from nnQ-h q IF
of one per cent on $4,000 estates to
10 per cent on estates of $10,000,00O
and more.
The bulk of the increases of be-
tween $250,000,0O and 100000, 900
made by the conferees in the senate
bill was secured from the postage
public utilities and manufacturing
sales section, and the new inheri-
lance taxes.
No Delay on Enforcement.
With but few exceptions the new
taxes are effective with the passage
of the act.
Both Senator Simmons and Repre-
sentative Kitchin, heading the SEN
ate and house conferees, tonight ex-
pressed satisfaction with the con-
ference revisions, and they believe
the compromise measure an improve
ment over both the senate and house
bills.
The income tax section was ad-
opted virtually as written by the
senate. The new per cent normal
tax on incomes of more than $4,000
for married persons and $1,000 for
single persons is in addition to the
present law exempting incomes of
less than $4,000 for single persons
and $4,000 for married persons. Thus
those between the new low ex-
emptions will pay only the new 2
per cent tax, but single persons
having an income of $4,000 or more
and married persons whose income
is $4,000 or more would pay the full
four per cent normal tax.
The senate income provision allow
ing an additional exemption of 5000
for each dependent child toheads of
families subject to the present law
was setained The exemption for
children. however, does not apply
to those subject to the new reduc-
ed taxes with the $4,000 and $1,000
exemptions, respectively, for mar
ried and single persons.
Increase on Whisky, Beer.
Increased senate rates on whisky
and beer were virtually retained
and that on wines somewhat reduced
The tax on distilled spirits was
made $40 a gallon when for bever-
age use and 81 less for industrial
purposes, estimated to raise $135,-
100000. The amendment prohibiting
beverage use was retained. Floor
taxes to reach withdrawn liquors
were approved Beer was taxed ST.
so rer Darrell additional to raise
100000, an increase of 25 cents
per barrel over the house rate.
Present wine taxes were doubled.
Taxes on nonalchoholic beverages
were compromised. On prepared
syrups and extracts the taxes gradu-
ated from to 20 cents instead of
, from 8 to II 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 2cent rate
of the house.
Senate rates on cigars and cigar
cites were retained, but those on
snuff were increased from cents
IN cents a Mound
Stamp Taxes.
Stamp taxes agreed upon were:
Bonds of indebitness, cents on
each 800.
Indemnity and surity bonds, so
cents.
Parcel post packages, l cent for
each % cents of the cost of trans
portation.
Capital stock, original issues,
cents per 500; sales and transfers,
cents per 800.
Sales and transfers, cents per