Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1917-10-12

facturers and the senate federal
adopted a 8 per cent tax on all motor
vehicles, including trucks, payable by
manufacturers, producers and import
ers.
Taxes of per cent of manufacture
ers' ales of musical instruments and
jewelry also were written in, with
tax of Il cent a foot On motion pic
ture film.
New Inheritance Tax.
A new system of graduated inheri-
tance 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 inheritances,. with
those of Americans in military service
exempted, range from one-half of l
per cent on $4,000 estates to 10 per
cent on estates of $10,000,00O and
more.
The bulk of the increases of between
$25O000,O00 and $3OO,OOOOOO made by
the conferees in the senate bill was
secured from the postage, public utili-
ties and manufacturing sales section
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 2 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 $4,000 for sin
| 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
tax, but single persons having an in
come of $1,000 or more and married
persons whose income is $4,000 or more
would pay the full 4 per cent normal
| tax.
The senate income provision allow
ing an additional exemption of 5000
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
$4,000 and $1,000 exemptions, respec
lively, for married and single per
sons.
Surtax Is Agreed Upon.
Surtaxes were agreed upon as fol
| lows:
One per cent on income over $4,000
and less than $500; 2 per cent be
tween $500 and $4,000; 3 per cen
between $4,000 and $12, 500; 4 per cen
between $12,500 and $4,000; 5 per cen
between $4,000 and $4,000; z per cen
between $4,000 and $4,000; 10 PEI
18 per cent between $4,000 and 500,
per cent between 100000 and $4,000
Is per cent betwene $4,000 and $100,
600; % per cent between 100000 ant
$150,000; 25 per cent between $15O,00
and 100000; 80 per cent between
100000 and $250,O0O; "a per cent be
tween $25O,O00 and 100000; 81 pc
cent between 100000 and $500,0O0
40 per cent between $500,000 and $3.50
600; 45 per cent between $750.O0O an
| p4,OOO,OOO, S~Au pei CSAI OA lACOlAS
exceeding $1,OOO.OOO.
Increased Tax on Whisky.
Increased senate rates on whisk
and beer were virtually retained, an
that on wines somewhat reduced. Th
tax on distilled spirits was made S2.1
per gallon when for beverage use an
81 less for industrial purposes, est
mated to raise $135,000000. Th
amendment prohibiting importation {
distilled spirits for beverage use wa
retained. Floor taxes to reach will
drawn liquors were approved. Bee
was taxed $1.50 per barrel additiona
: to raise $46000,000, an increase of
cents per barrel over the house rate.
l Present wine taxes were doubled.
i Taxes on nOnalcoholic beverage
/ were compromised. On prepare
e sirups and extracts the taxes grad
i ated from to 20 cents instead (
r from 8 to u cents a gallon wei
y adopted. Grape juice and other so
s drinks are taxed 1 cent per gallon, ;
: provided by the senate in reducing tt
original 2-cent rate of the house.
t Senate rates on cigars and cigarette
/ were retained, but those on snuff we
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