Western liberal. (Lordsburg, N.M.) 1887-1919, 1917-10-12

ieteHTaPn auo
~facturers and the senate federal
license tax on owners, the conferees
adopted a 3 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 a
tax Of X cent a root Un motion pic
ture film.
New inheritance Tax.
A new system Of graduated inherl-
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 lnheritances, with
those Of Americans In military service
exempted, range from one-half of 1
per cent on $4,000 estates to 10 per
cent on estates of $10,0O0,OOO and
more.
The bulk of the increases of between
$25O,00O, 900 and $3OO,OOO,OO0 made by
the c~onferees Ia 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 norma. 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-
ons Thus those between the new low
exemption bases and the present eX
emptions will pay only the . 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
$1,000 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 cent
between $4,000 and $12,5OO; 4 per cent
between S12,5O0 and $4,000; 3 per cent
between $4,000 and $4,000; 7 per cent
between $4,000 and $4,000; 10 pei
IS per cent between $4,000 and 500,
per cent between 100000 and $4,000
10 per cent betwene $4,000 and 500,
900; % per cent between 100000 ant
$4,000; 25 per cent between $150,00(
and 100000; 80 per cent between
100000 and S25O,0OO; "a per cent be
tween $250,OO0 and 100000; 81 pei
cent between 100000 and 100000
40 per cent between 100000 and $3.50,
600; 45 per cent between $4,000 anC
$1,OOO,O00, and 80 per cent on incomes
exceeding $1,OO0.OO0.
Increased Tax on Whisky.
Increased senate rates on whisk!
and beer were virtually retained, anC
that on wines somewhat reduced. tn,
tax on distilled spirits was made $2.1I
per gallon when for beverage use ant
81 less for industrial purposes, estl
mated to raise $135. 900, 900. TIL
amendment prohibiting importation o
distilled spirits for beverage use wa.
: retained. Floor taxes to reach with
? drawn liquors were approved. Bee
was taxed $1.50 per barrel additional
TO raise S48,OOO,OO0, an increase of 2
cents per barrel owe the house rate.
J Present wine taxes were doubled.
! Taxes on nOnalcOhOlic beverage
l were compromised. On prepares
? slrups and extracts the taxes gradu
nted from 8 to 20 cents instead o
r from 3 to - cents a gallon wer
adopted. Grape juice and other sOf
5 drinks are taxed / cent per gallon, a
provided by the senate in reducing tn
original 2-cent rate of the house.
t Senate rates on cigars and cigarette
were retained, but those on SNUFF wer