Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1917-10-02
CONFEREES AGREE
ON BILL RAISING
BIG WAR REVENUE
Three-Cent Letter Postage
Restored, Second-CIaSS Pos
tai Rates Increased, Higher
Rates on Tobacco Provided

WASHINGTON, Sept. 29.--The war
revenue bill, raising $2,716.OOO.OOO was
agreed upon in conference late today
after three weeks wrangling. 1t will
be taken up Monday IN the house.
As reported, the bill Is an increase
Of $300,000.0O0 over the senate's meas
ure and S900.O00.000 over the house bill.
Adoption Is assured.
These increases were obtained through
restoration of the Scent letter postage
provision, increase in second-class pos
tai rates, higher rates on tobacco and
restoration of the taxes on jewelry and
inheritances
Excess war profits, over which the
principal dispute of the conference &C.
Cured, will not raise any more money
than the senate bill provided-$1. 06O,-
coo 900. The plan finally decided on was
TO tax all profits except an exempted
portion ranging from to 9 per cent.
The graduated scale of taxation is based
on percentage of profits made upon in
vested capital.
The scale is 20 per cent Of profits
which do not exceed 10 per cent of the
capital % per cent on profits over Is
per cent and under 20 per cent; 35 per
cent on profits over 20 and under 20
per cent; As per cent on profits over
- anu 30 per cent, OV per CSHI
on profits over 3S per cent.
The whisky tax is $1.10 a gallon on
spirits in bond and S21O on those with
drawn from bond for beverage pur-
poses. The present tax was doubled on
still wines, champagne and sparkling
wines. On grape brandy or wine spirits
withdrawn from a bonded warehouse
the present tax Is doubled On sweet
wines. 10 cents gallon is added to
present taxes. On grape brandy or wine
spirits used in fortification Of sweet
wines. 20 cents gallon is added.
AUTO TAX RAISED
On soft drinks rates were compro-
missed between the high house and the
senate minimum. Cigarettes, SNUFF and
chewing tobacco were increased.
The automobile tax was increased
from l per cent in the senate bill to 8
per cent. Three per cent on the selling
price Of piano players, monographs and
records is levied. A like rate was placed
on sporting goods such as tennis rackets
and golf balls.
On postal rates. in addition to pro-
viding that within 80 days after passage
of the act, letter postage shall be 8
cents instead Of as at present, the re-
port adopts a zone system on newspa-
pers and magazines. 1t provides a
and reading matter. This, however, is
not effective until July 1, 1918.
The income tax section remains viz
tually as passed by the senate. Sur
taxes were agreed upon as follows: One
per cent on incomes over $1,000 and less
than $500; 2 per cent between $1,000
and $4,000; 8 per cent between $4,000
and $12,50O; per cent between $12.6OO
and $4,000; 5 per cent between $4,000
and $4,000; Z per cent between $4,000
and $40, 700; 10 per cent between $4,000
and $1,000; IA per cent between $4,000 |
and $50, 900; Is per cent between $4,000
and 800, 1000 % per cent between $780, |
300; and $150,O00; 20 per cent
$4,000 and 100000; |
30 per cent between $780, |
700 and $25O,OOO; "a per cent between |
$780, 900 and 100000; 81 per cent be-
tween 100000 and 100000; 40 per cent |
between 100000 and $750,00O; 45 per
cent between $750,0O0 and 100000, and
80 per cent on incomes exceeding $1,000
700.
Admissions and dues will raise about
1928, 900, 900. Amusement parks and con-
,essions charging 10 cents or more for
admission are taxed
Movie films are taxed one-quarter of
cent foot.
Jewelry is taxed per cent of SELL
ng price.
A special munitions tax of 10 per cent
s levied.