The Birmingham age-herald., 1921-09-20
EARLY PASSAGE OF
 TAX REVISION BILL
 SEEN BY PENROSE
Senate Finance Committee Approves House Draft and Measure to Reach PreSi-
 dent Next Month
By Associated Press

Washington, September 19@The tax revision bill will be sent to the President by the latter part of De- tober. Chairman Penrose predicted today in announcing that the Senate finance committee had formally ap- proved the House measure, as amended
 Neither the Shoot manufacturers sales tax nor the Calder proposal to impose tax of s6.40 a gallon on all .alchoholic liquors withdrawn from bond for other than manufacturing purposes will be included in the measure as it vii be presented to the Senate Wednesday. The authors have given notice, however, that they expect to present these amend ments on the Senate floor.
 Senator Penrose said that so far S the business of the Senate would per init, 1t was the purpose to take the bil up immediately and press for final action. He added that some features, particularly the profits tax repeal and the proposed reduction of the maximum income surtax rate 10 s2 per cent would be opposed from certain quarters" but that there seemed to be general resire to ex- pedite passage.
 Two weeks Required
 Under these circumstances" he continued, there is reasonable ex- pectation that the bill can be passed in the Senate with two weeks son sideration and ought not to require more than a week in conference. if that long a time. It is entirely safe therefore for me to predict that the bill will be sent to the President during the later part of October.
 Tt is extremely desirable to have the bill passed as soon as may in order, in order that treasury officials can have ample opportunity to frame and promulgate rules and regula- tions under the new measure.
 '.I think the amendments to be pre- sented to the Senate improve the bill. which will produce the revenue re- quired and contains many features ameliorating conditions now burden some to the taxpayers.
 Expect Over Three Billion
 While treasury experts have yet to complete their final estimate IS to 7 the total revenue that probably would be raised this fiscal year under the measure as amended 1t was stated that the amount would not be less than s3,200,000, the minimum which Secretary Mellon informed the com mittee would be necessary. For the next fiscal year, it Is estimated roughly that the return would be around s2.70o.o0o00 900.
 The Shoot sales tax plan was dis eussed further in the committee to- day with treasury experts partici- patlng but Chairman Penrose said Senator Shoot had stated afterward that he was willing not to press the amendment in the committee, but would reserve the right to submit if to the Senate. The committee did not take vote on the proposal, the chairman added.
 The Calder whisky tax amendment already has been accepted in princf- ole by the committee and Senator would presena it in the Senate prac- tically as committee amendment Senator Calder also has reserved the right to offer another amendment 10 tax 2.75 per cent. beer at the rate of $5 barrel.
 Two More Changes e
 Before finally approving the bill the committee voted two additional changes. Under one amusement ad- cents would be exempt from one mission charges not exceeding 10 cent tax imposed by the present law. Under the other, hotels would pay a tax of 10 per cent, on the entire amount charged to transits for rooms, if the sum exceeded $5 for one person and sS for two persons. As originally presented by Senator Reed, democrat, Missouri, the tax would have been paid only on the amount by which the charge exceed ed these sums.
 In the absence of Senator Sim mons, North Carolina, the plans of democratic committeeman with re- gard to the bill were not announced, but 1t is expected they will submit a minority report attacking several features of the bill, particularly those dealing with evcess profits and income surtaxes. Senator LaFolettc, Wisconsin and some other repubil- cans also are expected to oppose some sections of the measure.