New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-08-14
New Ievies
Mark End OF
Tax Revision
CONTINUED from page one)

stments in building and loan as
sociatons, effective January j, 1921.
Repeal of the tax on fountain drinks
fiat tax of 10 cents gallon on all
fountain syrups, to be paid direct by
the manufacturer or maker, effective
upon enactment of the bill.
Stamp Taxes Repealed
Repeal of the stamp taxes on per-
fumes, extracts, tooth paste and toilet
preparations and proprietary medicines
and the substitution of a manufacture
ers' tax of per cent on the sale
prices. effective on the enactment Of
the bill.
Substitution of manufacturers tax
of two cents gallon for the present
10 per cent on the sale price of infer
mented juice beverages and carbonated
waters or beverages or other soft
drinks sold in containers, effective on
the enactment of the bill.
A reduction in the manufacturers
tax on candy from to 3 per cent, the
manufacturers taxes on furs from 10
to per cent and on sporting goods
from 10 to per cent, and the levy on
art and art works from 10 to 5 per
cent, effective on the enactment of the
bill.
Imposition of manufacturers tax
of three cents a gallon on certain
classes Of grape juice and two cents
gallon on other classes, in lieu Of the
present tax of 10 per cent on the
manufacturers selling prices, effective
on enactment of the bill.
The levying of five cents pound on
carbonic acid gas sold to manufacturers
of carbonated waters, effective on enact
ment of the bill.
Numerous changes also we're made in
the administrative features of the pres
cnt law on recommendation of Treasury
experts. These Included insertion Of a
provision authorizing the Secretary Of
the Treasury to settle disputes over back
taxes without resort to the courts. In
effect there would be set up a tribunal
to pass on such claims and the time fer
their settlement would be reduced from
tive to three years, except that the Sec
rotary of the Treasury could extend the
time within his discretion
Treasury experts and members of the
committee believe that this provision
will greatly simplify the task Of collect
ing the taxes now in dispute estimated
to total approximately S1,50).O00 900
Authority to Mellon
Another change in the administra-
tive features would give the Secretary
authority to call in representatives Of
the taxpayers in framing new tax re-
turn forms in an effort to simplify
these.
In passing finally upon the various
changes in levies the majority mem
bers of the committee rejected all of
the Treasury suggestions for new taxes
and also the proposal that the income
surtax rates be reduced to rs per cent
effective next January /. The Repub-
llcan committeeman also went much
further in revising lcvics than was suc-
gested at the White House conference.
The bill as drawn will be subject to
change by the Republican conference
which is to decide upon rule Monday
for its consideration by the House. but
members of the committee do not an
tlclpate any material alterations. The
measure Will be considered by the full
Ways and Means Committee-that is.
with the Democrats prcsent-on Tues
day and put in final shape for House
consideration, which will begin on
Wednesday. probably at II a. m.