Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1917-09-14

a pound on sugar, cents on coffee,
cents on tea, cents on cocoa and from
l to cents a gallon on molasses, went
out by overwhelming rnajorities A
final vote on Senator Broussard's mo-
ton to eliminate them all was So to 49,
No changes were made by the senate
in the two vital sections in incomes
and war profits. The house income
tax levy was increased from 1896, 0O0,-
900 to $4S2, 900, with the house pro-
vision for $10S,O00, 900 additional by
retroactive tax on 1916 incomes elm
mated. In the house bill $500, O0O, 900
additional was levied by doubling pres
ent excess profits taxes. while the SEN
ate bill raises 1,060,00O,0OO beyond
present returns of s226.0o0,OO0 from
both normal excess incomes and war
profits of corporations and individuals.
by a new system of rates graduated
from IL to so per cent based on the
three-year pre-war period of 1s11-13.
The senate also repealed the present
special munitions tax, raising $685.
10000.
TAX ON CORPORATIONS.
OF the income taxes $S9,134, 900 more
would be raised from the new per
cent normal tax on individual incomes
and $393, 077, 900 from surtaxes, rang
ing from l per cent to 80 per cent on
incomes from $4,000 to $1,000. 900.
The bill lowers the exemption from
the normal tax to $4,000 for married
persons with an additional 5000 for each
dependent child, and $1,000 for single
persons.
While the house levied an additional
Q per cent tax on corporations. as pres
ent paying 2 per cent. the senate bill
provides for an additional per cent, to
raise $53S.000,000.
TIT
bill proposes to obtain 1907, 900, 900
against $151 100000 provided by the
house largely by raising the rate on
distilled intoxicants from $1.19 to $500
gallon and on beer from $3.50 to So
per barrel.
On soft drinks the house levy of $780,
100000 was reduced to $11 100000. New
taxes on tobacco and its products were
reduced to $56,600,0OO from $6S, 200, 900.
On public utilities the senate retained
the house 8 per cent tax on freight
transportat ion, estimated to raise $77,-
100000. but to cut from 10 to per
cent the tax on passenger travel, re-
ducing the estimated revenue from $780,
100000 to S97,5O0,000. Five per cent
taxes proposed by the house on electric
light, gas, and local telephone bills. es-
timated to raise $40, 900, 900, were elimi-
mated, but the per cent tax on long
distance telephone and telegraph mes
sages, costing Is cents or more, was
retained. An express tax of 1 cent for
each 25 cents paid for express trans
portation was substituted for the house
s per cent levy on express payments.
A new stamp tax of l cent on parcels
requiring over 20 cents charges were ad-
ded to eQualize express and parcel post
competition. All the public utilities
taxes are effective November /.
The house 8 per cent tax on pipe
line transportation payments was re-
tanned. A manufacturers tax of per
cent on jewelry, musical instruments.
tires and tubes and motion picture films
was eliminated. The senate also reject
ed house taxes on insurance policies is
sued or renewed and added a new tax
of per cent on cameras to raise
$500 900
MOTOR VEHICLES TAX.
For the house per cent manufacturers
tax on automobiles and motorcycles.
estimated to raise s8s,0O0, 600, the sem
ate inserted a new clause for a gradu-
ated federal license tax on owners, esti-
mated to bring in $4,000 900. With a
tax Of $3.50 on motorcycles, the senate
plan would tax automobile owners from
IS up based on the original selling price
with an allowance up to so per cent on
used vehicles On perfumes, patent
medicines and similar articles, the house
8 per cent tax was reduced to per cent
while a house tax on chewing gum was
eliminat ed.
Estimates of 100000 under the
house bill from new assessments on
amusement admissions and club dues are
reduced 10 S1S,Oo0000 by senate changes
exempting many amusement resorts,
chautauquas, and eliminating entirely
the house 10 per cent tax on club dues.
Virtually all of the Spanish war taxes,
whose reimposition was provided in the
house measure. were retained, but a l.
cent bank check tax proposed in the SEN
ate was defeated.
Additional inheritance taxes to raise
$4,000 900 adopted by the house were de-
feated.
The senate struck out the house pro-
vision for a general tariff increase of
10 per cent ad valorem, estimated 70
raise $500. 0OO, 900. The finance commit
tee substituted for this section the con-
sumption taxes finally wiped out last
night.
In dealing with postage revenue as
easements, the senate struck out the
house provision for Scent letters, eX-
pected to yield $70,00O,OOO, in addition
to the house and senate committee pro-
visions affecting publishers.