The Bridgeport times and evening farmer., 1919-02-06
WAR REVENUE BILL PROVIDING FOR BUDGET OF S6,O86,OOO,OOO IS
 SUBMITTED TO CONGRESS TODAY
Continued from Page One)

ing a wide range of articles include:
 Automobile trucks and wagons, ex- empting tractors, and their tires and accessories three per cent, the pres ent rate; automobiles and motorcy cles and accessories, five per cent, an increase of two per cent; pianos; or gans, (exceptinS pipe organs), players, 1 talking machines, music boxes and | records five per cent, increased two | Der cent Sporting or athletic goods, etc., ten | per cent, increased from three per | cent; chewing gum, three per cent, ! | Increased one per cent; cameras, ten i per cent, increased from three per cent; photographic films and plates, | five per cent, a new tax; candy, five per cent, new tax; fire arms and portable electric fans, five per cent, a new tax; thernos bottles, five per | cent. a new tax; yachts and motor boats, for pleasure purposes and ca noes costing more than $15, ten per cent, new tax; toilet soaps and soap powders, three per cent, sculpture,
 paintings, statuary and other art work, ten per cent. with tax exemp-
 ton for those sold to educational in
 stitutions or public art museums.
 Semd-luxury taxes of ten percent,
 effective May i next, are retained al- | though reported subject to possible modification later by separate resolu- 1 tons They are to be charged to
 consumers of high-priced articles of
 personal wear, and returnable to the
 treasury by retailers. The ten per
 cent. tax is levied on the excess paid l above cost standards prescribed for
 various articles. including the follow | ing:
 Carpets and rugs, except of wool,
 s5 per square yard; picture frames, 1 $10 each; trunks, $50; valises travel
 ing bags, suit-cases, hat boxes and fitted toilet cases, $25; purses, pocket
 books, shopping and handbags, $7.50; portable lighting fixtures, including lamps and shades, s25; umbrellas, | parasols and sun shades, S4; fans, $1; 1 house or smoking coats or jackets and bath or lounging robes S7.50; mems
 separate waist coats S5; women's
 and misses hats, bonnets and hoods,
 $15; mems and boys hats, $5; mems
 and boys caps, $2; boots, shoes,
 pumps and slippers, $10 per pair,
 with special appliances for crippled
 persons exempted; mems and boys
 neckties and neck wear, $2; mems : and boys silk stockings or hose, s1
 per pair; women's and misses silk
 stockings or hose, $2 per pair; mems shirts, $3 each; pajamas, ntghtgowns
 and underwear; kimonos, petticoats
 and waists. $15 each.
 JeweIry and limitations, precious stones, clocks, watches and similar articles are taxed five per cent, new
 levy, effective April 1, when sold by ) dealers.
 Moving picture lessees or licenses are taxed five per cent. of their total monthly rentals in lieu of the present footage tax on films.
 Perfumes, toilet waters, cosmetics, tooth and mouth washes. pills. pow : ders, patent medicines and similar } articles are subject to a retail sale ) tax, effective May 1 and payable by : purchasers, of one cent on each ? 25 cents paid, in lieu of,present stamp taxes.
 = Special taxes provide for retention 5 of the $1 capital stock tax of corpora
 tions and makes effective January 1, :, upon brokers; theatres. concert halls, I etc., bowling alleys, billiard and poll = tables, shooting galleries, taxicabs e and sightseeing cars.
 = Special taxes on cigar and cigarette
 manufacturers were also retained. Yachts, pleasure boats, power and | motor boat taxes also were approved, }, With taxes based on net tonnage and t at double present rates.
 l, Stamp taxes as now provided by e law were kept in the bill, including = one cent for each 25 cents or fraction + on parcels sent by parcel post Il The conferees made many amend /; ments in important administrative $ and basic interpretative sections of 2; the war excess profits income tax and n other sections of the bill Among : these was retention of modified pro- l. vision for consolidated tax returns of = affiliated corporations, except those - Iwith war contracts. Another, defining TT, corporate dividends, affects stock div ,t idends and provides that stock divi- ' ldents shall be considered as income to the amount of earnings or profits u distributed.
 Il Provision for allowance of net loss It es, recently discovered losses, sub- l' mission of inventories and for exemp- 1T tions from income taxes for those ir
 the military establishment were other j. important amendments retained in the 5, bill.