The Birmingham age-herald., 1921-10-08
TRAVEL TAXES ID BE REPEALED IN
 NEW REVENUE LAW
Reduce Tariff on Candy and Make Many Changes In Re- pubIican's Amended
 Taxation Bill
By Associated Press

i'iSe eoH, OctoDer f.-Amend- ments to the pending tax revision bill agreed to by republican leaders in the senate were made public today formally in advance of their constd eration tomorrow by majority mem- bers of the finance committee. They would provide for
 Repeal of the express. freight passenger and Pullman Transportation taxes effective at the passage of the bill
 An increase of s2.20 a gallon to s4 gallen in the tax on distilled spirits produced. imported or withdrawn rom bond for use for industrial, medicinal or other purposes. Restore Stock Tax Hestoratton of the capital stock tax or sl on each $1,0oo of invested cap- ital. graduated increase In the estate ta4 rates to n maximum of 50 per cent on the excess over s10.0 ,0oo in lieu of the present maximum of s5 per cent over s10,000, 900, Repeal of the excises on sport goods chewing gums, perfumes. es- sences. tooth and mouth washes and pastes' dentifrices, toilet powder ana soap and soap powders and other mis- ceHaneous taxes sufficient to make up cut of s37.o00,o 900 annually.
 cMt Candy Costs
 Reduction of the tax on candy to 8 cents and the elimination of the com mittee proposal for 10 per cent tax on candy selling at wholesale for more than 40 cents a pound.
 The other excise provisions of the Senate bill would stand includfnr repeal of the excess profits tax next January l. flat tax of 15 per cent on corporation incomes and in- creased exemptions for heads of fam lies and on account of dependents.
 While repeal of the $2.OO0 exemp- ton allowed corporations Is not in- ciuded in the programme as an- nounced, leaders were endeayoring tonight to work out plan to protect small corporations and at the same time remove the exemptions from large corporations
 The suggestion meeting with the most favor was to allow the exemp- tion Tn the case of corporations hay- Ing net incomes less than S2O.000 or $25, 900.
 House leaders today declared against increasing the surtax rate beyond the 32 per cent maximum nxed as it passed the House. Rep. resentatiye Mondell of Wyoming. the republican leader, and Chairman tordney of the ways and means committee, expressed themselves very frankly on this subject before going into conference with Chair man Penrose of the Senate finance committee to discuss the changes as agreed to by the Senate leaders.
 Neither MT. Fordney nor Mir. Mon- dell had examined the proposed new amendments and declined to dIscuss them in detail, but Mir Mondeu did say he saw no reason now for the House to change its opinion on the l2 la per cent corporation income tax rate. He added, however, that many or these matters would have to be worked out In conference.
 In making public the proposed Sem ate amendment. Senator Penrose said they were offered by certain sena- tors fin a patriotic and amicabIe spirit" and that he did not under stand that they were arbitrary or final. Declaring he did not regard them as constituting radical innova- tions disturbing the structure of the ScHiHiittcc hlEdSuTcs the nnance com mittee chairman said many of them were in no way objectionable to him.
 Increase of $11 100000
 The surtax amendment provides wholly new schedule beginning with per cent in that part of incomes between $6.000 and $10.000 and in- creasing 1 per cent for each addi- tionai $2,000 up to 47 per cent on incomes between $9S.000 and $10O,000. Then the rates would be 4S per cent between $100,00o and $15O.O00 and 49 per cent between s150.000 and $200.- O0o. The committee proposal Is 1 per cent on S6,000 to $S.000 and grad ual increases up to 32 per cent on $66. .00O.
 Under the amendment to the es- tate tax the present 25 per cent maximum would apply on the amount of estates between s10.000,000 and 3J5.000,OOO. and then the rates would be: Thirty per cent between $15.000,- 900 and s25.00o. 900; 35 per cent be- tween $25.0O0.O00 and s50.000,000 and 70 per cent between s50.000,000 and t100. .00o. .oeo.
 The Senate went ahead with con- sideration of the committee bill to- day, but four hours of the session was taken up with addresses and only a few of the committee amend ments were acted upon. These re lated to administrative provisions