Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1921-08-21

would not become effective until jan
usry /. the full force of the measure
VII not be reflected in government re-
ceipfs until the calendar year 1923, but
Republican leaders say thae through
repeal of the transportation and other
taxes and reduction in the tax bill
within the next calendar year it will
be approximately $512.OO0OOO.
The principal changes in present tax
levies made by the bill as passed, in
elude:
Repeal of the excess profits tax.
Increase of the corporation income
tax from 10 to 12h per cent, effect
i've next January 1.
from 80 per cent to 65 per cent inclu-
sive.
Increase Exemptions.
families. effective as of last January /,
to $500 for income not in excess Of
5000 and additional exemptions for
dependents to $4O0 from $500.
Repeal of the tax on life. fire and
marine insurance policies and imposi-
tion of the corporation tax of 1914 per
cent on all such insurance companies.
except fraternal. effective next January
Repeal of the transportation taxes,
effective next January l.
Repeal of the taxes on fountain
drinks. ice cream and other beverages
and the substitution of manufacturers
taxes as follows:
Four cents a gallon on various soda
beverages; five cents pound on car
homie acid gas: two cents gallon on
fruit juice or soft drinks: three cents
gallon on still drinks. exclusive of min
eral and table water, and ten cents a
gallon on fountain syrups. These
changes would go into force on en-
actment of the law.
Repeal of the stamp taxes on per-
fumery. cosmetics, toilet preparations
and proprietary medicines upon enact
ment of the bill.
Repeal of the ten per cent tax on
baseball football and basket ball equip.
ment. skates. toboggans. snowshoes and
skis and a reduction from ten per cent
tax to five on tennis. golf and polo
equipment. games and the like. the
whole to come into force on the en-
actment of the bill.
Candy Levy Cut.
A reduction from five to three per
cent on the levy on candy and OF
from ten to five per cent in the levles
on fur articles and art and art works,
and repeal of the tax on electric fans.
These. too. would become effective
when the bill becomes law.
A reduction from ten to five per
cent in the tax on all yachts with mo-
tor or other craft less than 81 feet IN
length or of less than five tons car
rying capacity exempted from this tax.
This provision also would be effective
upnn enactment of the bill.
Exemption from the income tax OF
all allowances from the federal govern
ment for the service of the beneficiary
or another in army or navy forces OF
the United States effective Immediately
the bill becomes law.
Repeal of all the so-called luxury
taxes now collected by retailers and
the substitution Of manufacturers tax
of five per cent on certain articles.
Before the bill was brought to a
final vote there was turbulent scene
with the result that one committee
amendment-that proposing tax in
vestigation commission'-was left at
the post. 1t is understood that an ef-
fort will be made to have the senate
committee insert it in the bill.
Connolly Censored.
The house was thrown into dis
order when Representative Connolly,
Democrat. Texas, undertook to reply to
a prepared address by Representative
Mondell of Wyoming. the Republican
leader. praising the tax measure. There
were ieers and calls from the Republi-
can side and protests from the Demo-
cratic side that Mr.. Mondell was in
the Texas member without
obtaining recognition from the chair.
Order finally was restored. but when
it came time to vote on the bill, the
Democrats sprang a surprise. Repre-
Cochran of New York. ris-
iny to question Of ''the highest privi-
lege" introduced and had read an ar
ticle criticizing President Wilson for
a message to the senate on
July IL urging postpenement OF action
on the soldier bonus bill without having
members of the house present to hear
him.
Representative Mann, Republican.
Illinois. tried to shut off introduction .
of the measure, but after debate,
Speaker Gillett ruled that it was privi-
legged. The Republicans countered with
a motion to lay it on the table. which
prevailed and then the house got 10 vote
m The nAym ncPofic arfinn IN rAftHm. Z