The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1921-11-08
TO REWRITE BILL
Senate and House COnferees
Get Tax Revision.
With Amendments Adopted
Month Old WraDgle Ends.
MANY OLD TAXES KILLED
Corporation Levy Increased
Soda Tax Is Removed.
Antf-Beer Bill Now Due in
the Senate.

washington, Nov. S.-The tax re-
vision bill now faces its third rewrit-
ing. this time by the house and senate
conferees. The measure finally was
passed early today by the senate, 3S to
"a, at the end of a continuous session
lasting nearly sixteen hours.
1t will be returned to the house
when that body reconvenes tomorrow
and Republican leaders there plan to
send it to conference Thursday 1t
may reach the president for his ap-
proval late in the month.
The long delayed anti-beer bill was
scheduled to be brought before the
senate today under the tacit amend
ment to give it right Of way following
passage of the tax bill.
Many Taxes Reduced.
Outstanding features of the tax re-
vision bill, as passed by the senate
last night, provide for repeal or the
excess profits tax and all of the trans
portation taxes on next January !,
and a reduction of the surtax rates all
along the line, with the maximum
rate reduced from So per cent to 81
Besides these changes, the bill
would repeal taxes on parcel post
packages; proprietary medicines, tot
let soaps and toilet soap powders,
tooth pastes, tooth and mouth washes,
toilet powders and petroleum JellIeS
(stamp taxes); pianos and other mu-
steal instruments; umbrellas, para
soils. sunshades, picture frames ana
various articles of wearing apparel,
clothing in excess of certain amounts
(sO-called luxury taXes); insurance
premiums; articles made of fur; NOV
ing picture films: ice cream; chewing
gum; sporting goods, including bill
lard balls and tables, pool tables and
dice; admissions, where the cost does
not exceed 10 cents; pleasure boats
and canoes costing less than 500;
thermos and thermostatic bottles and
jugs portable electric fans; bonds of
indemnity and surety (stamp taxes).
Taxes proposed to be reduced include
those on: Individual incomes of
$4,000 or less, thru increased exemp-
tions of $500 to heads of families and
$500 for each dependent; candy from
5 per cent to 8 per cent; works of art
from 10 to 5 per cent; capital stock
issues having a par value of less than
500 a share (stamp taxes) cereal
beverages from 15 per cent of the sale
price to 2 cents a gallon; unfermented
fruit juices. from 10 per cent of the
sale price to cents a gallon; car
donated beverages, from 10 per cent
of the sale price to 2 cents gallon
plus cents a gallon on the syrups
used in their manufacture.
Increase Corporation Tax.
Taxes proposed to be increased in
clude those on corporation incomes,
from 10 to 10 per cent; corporation
capital stock. where the amount ex-
ceeds 100000: corporations thru the
repeal of the $4,000 normal exemption
on those having a capital stock in
excess of $4,000; estates taxes where
the total sum exceeds $10,00O.00O.
Taxes proposed to be changed in
form include:
Stamp levies on perfumes, toilet wa
ters. extracts, hair oils etc, to manu-
facturers' levies at 4 per cent.
Retail taxes on fountain drinks to
manufa cturers' levies of TX cents a
gallon on finished fountain syrups for
such drinks.
Retail luxury taxes on carpets rugs,
trunks, valises. travelling bags, suit
cases, hat boxes, fitted toilet cases,
purses. pocketbooks. shopping and
handbags. portable lighting fixtures,
including lamps of all kinds and lamp
shades, and fans costing in excess of
certain amounts. to manufa cturers'
taxes of per cent
New taxes proposed to be imposed
include:
Levies on gifts of property by any
person at rates ranging from 1 per
cent on the amount between 100000