Pine Bluff daily graphic., 1917-09-30
Inheritance Tax Higher.

heritance taxes was written into the bill in lieu of the houe plan and despite the senatc's rejection of such taxes. The new rates on inheritances with those of Americans in military service exempted, range from % Of
 1 per cent on $50,000 estates to 10
 per cent on estates of $10,0O0,000 and more.
 The bulk of the increases, between
 $25O, 100000 and $500, 100000, made by
 the conferees in the senate bill, was
 secured from the postage, public utill-
 ties and manufacturing sales sec tions and the new inheritance taxes. | With but few exceptions the new taxes are effective with the passage of the act. Both Senator Simmons and Representative Kitchin, heading the senate and house conferees, eX-
 pressed satisfaction tonight with the
 conference revisions and they believe
 the compromise measure an improve
 ment over the senate and house bills.
 Tax $1,OOO Incomes.
 The income section was adopted virtually as written in the senate. The new 2 per cent normal tax on in
 con.> of more than $2,000 for married persons and $1,000 for single persons l is in addition to the present law ex- emption of incomes of less than $3,OO0 1 for single persons and $4,000 for mar
 ried persons. Thus those between the new low exemption basis and the
 present exemption will pay only the new 2 per cent tax, but single per- sons having an income of $3,OOO or
 more and married persons whose in
 come is $4,000 or more would pay l the full per cent normal tax. Surfaces agreed upon are as fol- lows: 1 per cent on incomes of over $5,O00 and less than $7,500; 2 per
 cent between $7,50O and $10,000; 3 per cent between $10,000 and $12,500! 1 per cent between $12,O00 and $15,- | coo: per cent between $15,O00 and l $2O. O.300; ' per cent between $20,000
 and $4O,00O; 10 per cent between s4O,O0O and $6O,OoO; IA per cent be- tween $60,000 and $S0,000; IS per cent between $S0,00O and $100,000; l22 per cent between $100,000 and $15o,0 p per cent between $150,000 and $2G0,G00; 30 per cent between S20O,O0O and $250,0OO; 34 per cent be-
 tween $250.OOO and $300,oo0: g per
 cent between $300,00O and $500,Q00; 40 per cent between $500,000 and S750 ,000; 45 per cent between $75O,000 and $1 900 ,000, and 50 per cent on in-
 comes exceeding $1,00O,0O0
 Soft Drinks Bear Part. Increased senate rates on Whiskey ,,irf, toi that on wines somewhat reduced. The tax on distilled spirits was made S2.10 per gallon when for beverage use and $1 less for industrial pur- poses, estimated to raise $135, ,00O. The amendment prohibiting importa- ton of distilled spirits for beverage use was retained. Floor taxes to reach WlthdrGWn liquors were approved. Beer was taxed $l.50 per barrel, ad- ditional to ra.se $46,000,0 ,000, an in- crease of 25 cents Der barrel over the
 house rate Present wine taxes were doubled
 Taxes on nonalcoholic beverages were compromised. On prepared syrups and extracts taxes graduated from ) tC 20 cents instead of from 5 to l2 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 cent rate of the house.
 Senate rates on cigars and cigar cites were retained, but. those on to- baccc and snuff were increased from four to five cents a pound.
 Stamp Taxes.
 Stamp taxes agreed upon were
 bonds of indebtedness five cents on I each 100; indemnity ana surety bonds,
 oO cents, parcel post packages 1 cent for each 25 cents of the cost of transportation; capital stock, original issues, ) cents per $100; sales and transfers. ? cents per $1o0; sales of produce on exchange, ? cents for
 each Sl0O value in merchandise;
 drafts. checks payable other than on
 sight or demand, promissory notes
 except bank notes for circulation, and
 renewals, ? cents for all sums below
 Sl00, and two cents for each ad-
 dnlonal S100 or fraction thereof; con-
 Veyance papers, 90 cents between $lOO and 5000, and 50 cents for each ad- I