Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-09-28
C0NFEREES AGREE
ON WAR TAX BILL
Final Passage of $2,700, 100000
Measure Next Week Con-
sidered Certain.
POSTAGE INCREASE ADOPTED
Stamp Tax on Bank Checks
Put Back; Amusement Ad-
missions Assessed.

WASHINGTON. Sept. 27.-The war
s2,700. 100000 federal revenue in ad-
dition to 1888, 900, 900 secured under
existing law, was completed late to-
day by the senate and house con-
ferees.
After two weeks deliberation the
conferees reached an agreement on
the bill, the largest in American his
tory and in the making four months,
and sent the revised draft to the
printer. While the action was Of
ficially said to be tentative. virtually
only formal approval OF the new draft
remains to be voted. Presentation of
the conference report to the house
late tomorrow was planned. 1t will be
considered first by the house and the
bills enactment into law next week
is regarded assured.
Former Marks Exceeded.
Additional taxes of between $780,
100000 and $500, 10000 over the
senate bill. which totaled s2,416,00O,-
900, were added by the conferees. AS
passed by the house the total was
sl.S6S. 100000.
Senate levies of $1,000. 900. 900 on
war excess profits and $S42,200, 900 on
incomes were substantially unchanged,
the conference increases being divided
among many items with a few new
taxes added and many eliminated
house provisions restored. The sys-
tenn of levying war excess profits taxes,
however. was practically rewritten in
q compromise between the senate war
profits and house excess profits sys-
TENS. A minimum exemption of Z
per cent on invested corporate capital
Is said to be provided with modified
allowances for intangible assets.
The only change in the senate in
come tax section was to rearrange
and harmonize few graduated sur
taxes on incomes over $4,000, 900,
without substantial changes in revenue
returns on individual taxation. Nor
NAL taxes on individuals and corpo ra :
tions and the lower individual exemp-
tions as revised in the senate were ap-
proved.
Liquo. and tobacco sections ol the
senate draft also were practically un-
changed. altho a slight decrease in
revenues from whisky and manufac-
tured tobacco probably will result
Postage Bears Brunt.
OF the $250,000,000 to $500. 900. 900
additional agreed to by the conferees
about one-third was placed on post
timated to raise $70.OOO.O0O, which
was stricken out by the senate, was
restored by the conferees and their
agreement for a graduated zone in
cease on second class mail rates is es-
tlmated to raise some millions more.
Another large increase ordered was
In passenger transportation and Pull
man accommodation taxes. Amuse-
ment admissions also bear a consider
able increase with senate exemptions
of outdoor parks and their attractions
rejected The senate provision exempt
ing moving picture theaters charging
25 cents or less from taxation was
changed and provision made for ex-
empting only much cheaper theaters
The exact exemptions have not been
disclosed
Revenues from automobiles, patent
medicines, perfumes and cosmetics
and other manufactures also would be
increased by the conferees agreement.
The 1-cent stamp tax on bank checks,
eliminated In the senate and estimated
to S10.000,0 900 is reported to have been
restored to the bill.