Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1919-02-13

those dealing in intoxicants. including
stills" in prohibition territory.
For taxation Of salaries of federal off,
Gals. including the President and ju-
dietary, but not of State officials.
For submission Of all government con-
tracts by contractors on demand Of the
internal revenue commissioner.
For exemption Of 20 per cent. to oil
prospectors.
Establishing an advisory tax board Of
six members in the treasury.
Restricting sale and use Of narcotics
by strengthening the Harrison drug act
CHANGES BY CoNFEREEs
Although most of the Senate rates in
the bill aic retained, the conferees made
many important changes affecting In
come and war excess profits taxation
rewriting scores of amendments and viz
tually redrafting a substantial part Of
the measure.
In agreeing upon war excess profits
taxes (connned to coIporations). tho con-
ferees struck out the House alternative
plan to levy on war or excess profits
according to the highest yield. adopting
the Senate composite plan.
The pre-war standard of calendar years
of 1911. 1919 and 1913 was retained. az was
the system Of credits Corporations with
income less than 5000 are exempted.
Other limitations are for a maximum
excess profits tax of 80 per cent. this year
and 20 per cent. in 1920 on income under
$4,000, plus 80 per cent. in 1919 and 10 per
cent. thereafter on income over $4,000.
ESTATE TAXES
Estate taxes. substituted for the SEN
ate inheritance leviee. and following the
original House plan, are imposed at rates
lower than existing law. With q general
exemption of $4,000 the new rates range
from one to q per cent. the
, minimum on net taxable estates exceed
ing by $4,000 to $4,000 exemption (under
deduction Of Ilowances) and the maxi
mum OF % per cent. on estate OF so, 600, 900
and over The existing graduated rates
range from two per cent. on estates under
soooO to % per cent. on those exceeding
tIoW"'oo' while the House proposed rates
from three to 10 per cent.
TRANSPORTATION TAXES
The provision for taxes on transporta-
ton and other public facilities. effective
April l. largely follows the existing law
but reduces from 10 to eight per cent. the
levy on seats, berths and stateroom &C.
commodation In sleeping or parlor carr
or on vessels; Axes the rate on telegraph
telephone, cable and radio messages a,
hve cents on those costing Is to so cents
lo cents on those above 30 cents, instead
OF the present fve-cent nat charge or
messages costing Is cents and more, and
imposes new tax on private or leased
telephone or telegraph wires, except prssi
wires, OF 10 per cent. OF rentals. In fix
ing the passenger transportation taxes
the conferees adopted Senate amend
ment TO exempt commutator trips Of les,
than 80 miles, or fare paid under s cents
INSURANCE TAKES
Insurance taxes, effective April l, q
virtually existing rates based on polioie.
written, were adopted as proposed b,
the House. In lieu OF the Senate plan t.
TAX insurance companies incomes.
| BEVERAGE TAKES
Beverage taxes. contingent on prohi
bition. as adopted are:
Distilled spirits for non-beveraSe pur
poses. $40 per proof gallon. the prsssn
rate; distilled spirits manufactured. i'm
ported or withdrawn for beverage pur
poses, $40 per gallon, double existing
law but with a "rslisr' provision sus
pending certain charges on spirits hsi
in bond by prohibition; beer and othsl