Judsonia weekly advance., 1917-10-10

 | Pipe lines .............. 4.500 GOO Seats and berths ... 2,250,ooO Telegraph and telephone
 ~-~~-~~-~-o-~~-~-~-~-~~~o facturers and the senate federal license tax on owners, the conferees adopted 3 per cent tax on all motor vehicles, including trucks, payable by manufacturers, producers and import CTS.
 Taxes of per cent of manufactur- CTS ales of musical instruments and | jewelry also were written in, with a ture film.
 New Inheritance Tax.
 A new system of graduated inheri- | tance taxes was written into the bill in lieu of the house plan and despite the senates rejection of such taxes. The new rates on inheritances, with those of Americans in military service exempted, range from one-half of l per cent on $50,000 estates to 10 per cent on estates of $10,000,000 and more.
 The bulk of the increases of between $250,000,000 and $300,000,000 made by the conferees in 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 per cent normal tax on incomes of more than S2,000 for married per sons and $1,000 for single persons Is in addition to the present law exempt ing incomes of less than $3,000 for sin gle persons and $4,00U for married per sons. 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 $3,000 or more and married persons whose income is $4,000 or more would pay the full per cent normal tax.
 
 ing an additional exemption of $200 for each dependent child to hedds 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 $2,O0O and $1000 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 S5,000 and less than $7,500; 2 per cent be- tween $7,500 and S10000: 3 per cent between $10,000 and SIP, 800; 4 per cent between $12,500 and S15,000; per cent between $15000 and $20,000; per cent between $20,000 and S40,00O; 10 per IS per cent between $S0,000 and $100,- per cent between $60000 and $S0.000; Is per cent betwene $S0,000 and $100,- GOO; 9 per cent between $100000 and S150000; 25 per cent between $150000 and $200,000; 30 per cent between $200000 and S250,O0O 34 per cent be- tween $25000O and $300,0O0; 37 per cent between $300000 and $5OO,OOO; 40 per cent between $500,000 and $780, 000 45 per cent between $750,00O and S1,000,000, and 30 per cent on incomes exceeding $1,000.0O0.
 Increased Tax on Whisky. Increased senate rates on whisky and beer were yirtuaIlv retained and that on wines somewhat reduced. The tax on distilled spirits was made $2.1O per gallon when for beverage use and S1 less for industrial purposes, esti- mated to raise S135,O00,OOO. The amendment prohibiting importation of distilled spirits for beverage use was retained. Floor taxes to reach with drawn liquors were approved. Beer was taxed $1.50 per barrel additional, to raise $46,000000, an increase of % cents per barrel over the house rate. Present wine taxes were doubled. Taxes on nonalcoholic beverages were compromised. On prepared sirups and extracts the taxes gradu- ated from 5 to 20 cents instead of from 3 to 12 cents gallon were adopted. Grape juice and other soft drinks are taxed 1 cent per gallon. as | provided by the senate in reducing the original 2-cent rate of the house. Senate rates on cigars and cigarettes l were retained. but those on snuff were