Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-09-30


8nters producer, and Importers.
SFaxes. OF % per cent on manufac.
sthrcrs' sales Of musical instruments
snHd jswelry, also were written in. with
Ajax LOT one-fourth of cent foot on
Mbtioh- picture films.
..3bn sporting goods the revised bill
leyied 8 per cent on manufacturers
wales. instead lofn5 per cent proposed
By the SHbuse and 2 per cent by the
Senate. The per cent levy also was
s81opted for cameras. In lieu of the
sSenate :. per cent rate. and chewing
Xam manufacturers would be taxed
1dr cent of gross sales. Il reduction of
.4iber cent from the House rate.
m3Tho Senate 2Sper cent manufacturers
Ss3hes taxes on perfumes and paten,
S1fdic,nes were retained.
s#,The Senate 1-cent stamp tax on bank
eohecks was not. restored. blu. it's tax
-a1 cent on :parcei post packages cost
S1E 90 cents or more was retained.
da5hcrE stamp taxes, all. made effective
sDsceinber l. were retained. and the
blouse tax on indemnity bonds re-
sstpred.
81: A new systemS Of graduated inherit
@ahce taxes was'twritten into the bill
I'm lieu ofathc House plan. and despite
Ht4e Sena ties rejection Of such taxes.
SIeie new rates on inheritances. with
CHOSE of Americans in military service
exempted range, from one-half of l per
Ecfnt ON $4,000 estate to 10 per cent
Gph estate OF slo.oOo,oo0 and more.
~; The bulk Of the increases Of be-
gtwecn $4,000 and 100000, 900
%,nade by the conferees in the Senate
.btll was secured from the postage.
anbblic utilities and manufacturing
tsales sections and tho new inheritance
taxes. 90 PA -~
new TAXEs EFFECTIVE
M yJv WITH PASSAGE OF ACT
sWith Ibut few exceptions the new
taxes are effective with the passage OF
Ithe act = 81 see"
%4Both Senator Simmons and Repre-
assntative- Kitchin. heading the Seante
.and House conferees, tonight ex-
Npfessed satisfaction with the confer
%efce revieions. and they believe tho
3compromise measure an Improvement
oyer both the Senate and House bills
M5The Income tax section was adopted
...Rtrtual ly ms written by the Senate.
1.-THE new per cent normal tax on in
.Eomcs Of more than $4,000 for married
&persons and $1,000 for single persons
rs in addition to the present law ex-
temptinE incomes of less than $4,000
Nior single persons and $4,000 for mar
1Tfed persons. Thus those between the
2Dew low exemption basis and the pres
Sasnt exemptions will pay only the new
y ,per cent tax, utIsingle persons hav-
M3bg an income OF $4,000 or more and
ITnarried persons whose income is $4,000
%6r more would pay the full per cent
.ftprnal tax.
IN The Senate income tax provisions.
%Allowing an additional exemption OF
$500 for each dependent child to heads
TDf families subject to the present law.
Twas retained.
VIZ This exemption does not apply to
M1hose subject to the new reduced taxes
,#ith the $4,000 and $1,000 exemptions.
S.:lespectiyely. for married and single
persons. NJ
e>SrRTANES on INCOMES
~ AS HIGH AS 80 PER CENT
sIows: SJy5 sss
~ One per. cent on incomes over So, 600
ssand less than $500; per cent be-
Tween $4,000 and $4,000: per cent
,Maetween $4,000 and $1,000; per
gent between $4,000 and $4,000; per
gent between $4,000 and $4,000; Z
per cent between $4,000 and $4,000:
Stp per cent between $4,000 and $4,000
~ percent between 100000 and $50.
sGgpo; lSlper cent between $4,000 and
- oo'ooo' and graduated taxes up 10
80 per cent on incomes exceeding 81.
100000
~ increased Senate rates on whisky !
zapd beer were virtually retained. and
,.tnat on wines somewhat reduced. The |
Xxx on distilled spirits was made sa.lO
Zper gallon when for beverage use |
:ano 81 less for Industrial purposes es
@!amated to. raise Sl35,oOO,OoO. The |
Samendment prohibiting Importation of
lalstlued spirits for beverage use was
IF famed Taxes to reach withdra
c~s3lqnors We're approved Beer was taxed |
Z3i.oo; per barrel additional, to raise
#Sao'oVo'o0o, an increase OF % cents per
%barrel ovcr!the House rate.
~ Present vino taxes were doubled
HIaxes on nonalcoholic beverages were
seom prised.S On prepared sirups and
Extracts the taxes graduated from s
5{o 20 cents. instead Of from 3 TO 10
@eents gallon. were adopted. Crane
,SZ3hice and other soft drinks are taxed
~ cent per gallon. rs provided by the
in reducing the original 2-cent
Hfate OF the House.
sszz1fETAIN SENATE RATES
I'M On CIGARS AND CIGARETTES
b#i Senate rates on cigars and cigarettes
were retained, but those on tobacco
#ahd snuff were Increased from 4 to-
cents pound ~
taxes agreed upon were: bonds
hoI indebtedness, cents on each sIao.
;indemnity and surety bonds, so cents:
zDarcel-post packages. cent for each
N cents OF The cost OF Transportation.
capital stock. original issues. cents
per 500; sales and transfers. cents
HpFr 800; sales of produce on exchange
~ cents for each 500 value in mer
sehnndiee: drafts, checks payable other
I1nan on sight. or demand. promissorv
32tes except bank notes for circula
:t3pn, and renewals, cents for all sums
sRfiow 800 and 2 cents for each addI
15ona' 800 or fraction thereof: con-
sSYEyancaQ D2Ders 30 cent? bo,,,ao,. e,oo