The Butler weekly times and the Bates County record. (Butler, Mo.) 1918-1950, 1921-09-22
SODA FOUNTAIN AND CLOTH
ING TAX REPEAL Is
RECOMMENDED
Amendment Legalizing AIS Beer is
Marked for Rejection.

bill to be laid before the senate
have been completed by the financ.
committee.
Only the Calder amendment legal
izing as beer and the manufactur
ers' sales tax proposed by Senator
Smoot, remained to be passed on
Saturday. 1t was indicated Satur.
day night that neither of these pro.
posals will be adopted by the com.
mittee.
The principal features of the meas
ure, as finally agreed on by the SEN
ate committee, showing the changes
in the house draft follow:
The excess profits tax is repealed
as of January I, 1922.
The capital stock tax is repealed
as of July I, 1922.
Freight and passenger Transports
ton taxes are reduced so per cent,
effective January l, 1922, and are
repealed altogether January r, 1923.
Income surtaxes above 81 per cent
are repealed, effective as of January
I, 1929.
Corporation taxes are increased
from 10 per cent to IS per cent, ef-
fective January I, 1921.
Personal income tax exemptions
are increased from $4,000 to $4,000
for heads of families having incomes
of not over $4,000, and from $2oo to
$500 for children and dependents.
Taxes on clothing and necessities
are repealed.
The soda fountain tax is repealed.
Taxes on so called "luxuries" are
repealed and levied on the manufac-
turers instead of purchasers.
Taxes on. proprietary medicines
are repealed and taxes on cosmetics
and perfumery, now paid by the pur-
chasers, are transferred to the manu-
faeturers and importers.
Travelling statesmen are granted ex-
tmption from their income o tax of
their expenses while way from home
on business.
Taxes on soft drinks are reduced
and levied on the manufacturers in
stead of the consumers.
The tax return simplification conf
mission is established and directed to
recommend to congress method of
simplifying tax returns.
The finance committee changed
the surtax schedule so as to make |
the surtax with 1 per cent at $4,000
instead of $1,000, reduce the surtax
per cent on each additional $4,000 up
to $4,000 and increase the surtax I
per cent over the existing law on
each $4,000 from $4,000 to $4,000.
The surtax on incomes from $4,000
to $4,000 remain as at present, and
all incomes over $4,000 will bear
surtax of 80 per cent. Under the ex-
listing law the highest surtax is IS
per cent.
Reduction of the surtaxes on in
comes of from $4,000 to $4,000 with
the increase on incomes from $780,
900 to $4,000 will cause loss of
$IS,ooo,ooo in revenue, Chairman
Penrose of the finance committee es-
timated.,
The committee adopted a new
schedule of manufacturers sales
taxes on so-called "luxuries," excise
taxes on which were repealed. A tax
of 5per cent to be paid by the man e
ufacturers, was imposed on the man
ufacturers' selling price above certain
prices on the following articles:4
Carpets, in excess of So square,
yard; rugs in excess of Sc square
yard; trunks. in excess of SIS each; 9
valises, travelling bags, suitcases, hat
boxes and fitted cases in excassSof
$40 each; purses, pocketbooks, shop
ping and handbags in excess of S.
each; umbrellas and parasols, in ex-
cess of IS each; fans, other than port
able electric fans in excess of Sill
each; portable light fixtures includ- :
ing lamps of all kinds and lamp /.
shades in excess of $40 each; office
furniture and fittings of mahogany,
rosewood or other imported cabinet
woods. for their entire selling price.
The house tax bill levied a tax Of
S per cent on the entire selling price
OF all these articles. The senate bill.
would levy the tax only on the
amount of the selling price above the
prices named in the bill.
The committee also reduced the
tax on syrups used by soda fountains
from 10 per cent to ? Ia per cent.
MISSOURI NOTES