Perth Amboy evening news., 1919-02-06
War Revenue Bill to Amount
TO Over Six Billion Dollars
CONTINUED from naoe II

(Continued from nace II
.~nouncement hat IL would be called
up in the House for consideration on
Saturday.
The twelve per cent. normal rates
on individual incomes and the eight
per cent. rate table in 1920 are re-
tanned with individual exemptions of
$1,000 for single and $4,000 for mar
ried persons and an additional ex-
emption of $500 for each dependent
minor. Also adopted are provisions
hat individuals shall pay only 6 per
cent. this year and 4 per cent. after
on the first $4,000 subject to tax
above exemption. The senate individ-
ual surfaces ranging from ! per cent.
on incomes between $1,000 and $4,000
to 65 per cent. on those of more than
one million dollars also were APP
roved. The following provisions were
adopted:
Restoring pre-war postage rates
on letters and postcards July 1 next;
providing a bonus of $50 for all
persons in the military establishment
offices and enlisted men alike;
For taxation of salaries of federal
officials including the President and
Judiciary but not of state officials"
In agreeing upon war excess profits
taxes (confined 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 p4e-war period standard of CAL
endar years of 1911, 1912 and 1913
was retained as was the system Of
credit. Corporations with incomes
less than $4,000 are exempted. Other
limitations are for a maximum excess
profit AK of thirty per cent. this year
and twenty per cent. in 1920 on in
comes under $4,000 plus eighty per
cent. next cal.
| A state tax substituted for the SEN
ate inheritance levy and following
the original house plan are imposed
at rates lower than existing law.
The provision for taxes on trans
portation and other public facilities
effective April l largely follow the
existing law.
Beverage taxes contingent on Pro-
hibition as quoted are: distilled spir-
its for ~non-beverage purposes s2.20
per proof gallon, the present rate;
distilled spirits manufactured, import
ed or withdrawn for beverage pur-
| pose, $40 per gallon, double exist
| ing law but with a "relief" provision
suspending certain charges and spir-
it's held in bond by prohibition; beer
n other fermented beverages IS per
barrel, double present law; wine,
NOoblG S6lSNtAA0 AAhStt 1SS 1A>C
holic contents and also with relief
| provision permitting distillation OF
wine for Industrial purpose; cereal
beverages or neal beer" fifteen per
cent. on sales. a new tax; grape juice.
ginger ale, root beer, pop, artificial
mineral and carbonated water, and
beverages and similar soft drinks, ten
per cent. on manufacturer sales in
stead of one Cent per gallon; natural
p,fnnral rxrafarc tKCn cents mar p1IInn
double present law.
A new tax effective May ! next is
one cent of each ten cents or fraction
of retailers sales of ice cream soda
water, sundaes and similar confec-
tons or drinks to be paid by con-
IN
Cigar rates fixed by the conferees,
range from $3.50 per thousand instead
OF $40 to SIS a thousand. a fifty per
cent. increase on cigars sold in excess
Of twenty cents each. Cigarettes are
taxed SO per thousand. instead of 81.
Amusement admission X in the
bill effective April /, were increased
only in a few instances, the general
rate of one cent on each ten cents or
fraction paid. being retained.
Club dues are taxed ten per cent
the present rate on members of or
Plantations charging moro than $40
annually.
Manufacturers sales taxes includ-
ing Tire so-called Injuries covering a
wide range of articles, range from 3
TO 10 per cen
Semi-Iuxury taxes of 10 per cent
effective May / next. arc retained. al
though reported subject to possible
modification later. They are to be
CHARGED consumers of high priced ar
ticles of Personal wear and return
able 10 treasury by retailers.