The Bridgeport times and evening farmer., 1919-02-06

exemptions of $1, 600 for single and $2 900 for married persons, and an ad- ditonal exemption of $2O0 for each dependent minor. Also adopted are provisions that individuals shall pay only s.E per cent this year and four per cent thereafter on the first S4,OOO subject to tax above exemptions. The senate individual surtaxes, ranging from one per cent. on income between 5000 and $6,0OO to 65 per cent. on more than $1,0OO,0O0 also were ap- proved.
 Of the important general legilsation and riders" the conferees adopted the following provisions:
 Levying a prohibitory tax on prod ucts of child labor.
 Restoring pre-war postage rates on letters and postcards July next. Providing pay bonus of s6O for all persons in the military establishment officers and enlisted men alike. Extending the Reed ''bone-dry'' pro hilbiion law to the District of Colum- bia
 l Increasing from s25 to $1,00O the ta1 on those dealing in intoxicants, in : cIuding stills" in prohibition terri tory.
 1 For taxation of salaries of Federal i officials, including the president and l Judiciary but not of state officials. | For submission of all government contracts, by contractors on demand : of the international revenue commits i sioner.
 For exemption of 20 per cent. to oil Iprospectons.
 l Establishing an advisory tax board of six members in the treasury. 1 Restricting sale and use of narcot- ics by strengthening the Harrison 1 Drug Act.
 1 Although most of the Senate rates i in the bill are retained, the conferees made many important changes affect l ing income and war excess profits | taxation, rewriting scores of amend ments and virtually redrafting a sub ] stantial part of the measure
 In agreeing upon war excess profits
 taxes, (conf1ned to corporations) the conferees struck out the House alter | native plan to levy on war or excess profits according to the highest yield, | adopting the Senate composite plan. The prewar period standard of cal-
 endar years of 1911, 1912 and 1913
 was retained, as was the system of
 credits. Corporations with income
 less than S3,000 are exempted. Other limitations are for maximum excess
 profits tax of 30 per cent. this year
 and 20 per cent in 1920 on income
 under $20,O00 plus 80 Ser cent. in
 1919 and 40 per cent. thereafter on
 income over $2O,0 900.
 c11hr
 Senate inheritance levies, and follow
 ing the original House plan are im-
 posed at rates lower than existing
 law. With general exemption of
 S5O,0OO the new rates range from 1
 to 25 per cent.-the minimum on net
 taxable estates under $50,000 (after
 deduction of aIlowances), and the
 maximum of 25 per cent. on estates
 of S15,000,000 and over. Tne exist
 ing graduated rates range from 2 per
 cent. on estates under S5O,00O to 25
 per cent. on those exceeding $1O,O00,-
 900, while the House proposed rates
 from to 40 per cent.
 Insurance taxes, effective April 1
 at virtually existing rates based or
 policies written, were adopted as pro- | N11O Senate plan to tax insurance compan. les incomes.
 Beverage taxes, contingent on pro- . hibition, as adopted are: Distilled spirits for non-beverage purposes
 $2.2O per proof gallon, the presen
 rate; distilled spirits manufactured
 imported or withdrawn for beverag, purposes, $6.40 per gallon, double ex 1sting law but with a relief" provis ion suspending certain charges or spirits held In bond by prohibition beer and other fermented beverages $6 per barrel, double present law wines double existing rates based ol : alcoholic content, also with a prohibi 5 ton relief provision permitting dis 8 tillation of wines for industrial pur ? poses; cereal beverages, or Inca.
 beer" 15 per cent. on sales, a nev I tax; grape juice, ginger ale, roo f i beer, pop, artificial mineral and car P bonated waters and beverages an,
 similar soft drinks, ten per cent. ol . manufacturers sales, instead of tn present rate of one cent per gallon 7 natural mineral waters, two cents De gallon, double present law. The provision for taxes on trans }, portation and other public facilities : effective April l, largely follows tht y existing law, but reduces from ten tt v eight per cent. the levy on seats l. berths and state room accommoda h tion in sleeping or parlor cars or. ol :, vessels, fixes the rate on telegraph i. telephone, cable and radio message, - at five cents on those costing 15 to 5 '' cents, ten cents on those above 5
 cents instead of the present five cen
 flat charge on messages costing l a cents and more, and imposes a ney e tax on private or leased telephone O I telegraph wires, except press wires |, of ten per cent. of rentals. In fixinj
 the passenger transportation taxe IS the conferees adopted a senate amend k ment to exempt communication trips O st less than thirty miles or fare pai d under 42 cents.
 le A new tax, effective May 1 next, oI one cent on each ten cents or fractio
 of retailers sales of ice cseam, sod s water, sundaes and similar confec
 tions or drinks, to be paid by con
 sumers.
 'u Cigar rates fixed by the conferee y' range from s1.50 per thousand, ir 'u stead of $1, on cigars weighing thre ie pounds or less per thousand to $1
 per thousand, a 50 per cent increas e. on cigars sold in excess of 20 cent i'd each. Cigarettes are taxed $3 DC
 thousand, instead of s2.05 on thos
 per thousand, and $7.20 per thousant
 l c On