The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-03-29
SUBSTITUTE PLAN
FOR SALES TAX IS
OUTLINED NHOUSE
House Begins to Accept New
Proposals One BY One in
Their Order
GARNER ASKS FOR PASSAGE
Special levies on Luxuries and
Selected Manufactures
to Be Taxed
GARNER ASKS FOR PASSAGE

Washington, March 29.-(R-Re-
spending to call from the leaders OF
all factions, house members Tuesday
rallied behind the ways and means
committee substitute for the sales tax
and voted series of special levies OH
luxuries and selected manufactures.
First was adopted 10 per cent
sales tax on cosmetics, a similar tax
on jewelry, furs. sporting goods and
cameras followed. Then came a per
cent sales tax on chewing gum and
candy, as the house accepted one by
one the committee proposals.
The house then voted a manufac-
turing levy on automobiles, motor
cycles, trucks and accessories to yield
So, 10000
"A three per cent tax was imposed
on automobiles and motorcycles, two
per cent on trucks and one per cent
en- accessories.
Earlier in response to appeals by
Speaker Garner and Republican and
Insurgent leaders, the house pledged
itself to the passage of a non-partisan
bill to balance the budget.
In addition to q one-cent boost in
first class postage, the taxes recon-
mended by the committee and their
estimated yield included:
Income Tax
New surtax bracket to be lowered
to $6,000-$7,O00,O 900.
Reduce corporation exemption on
profit to 81, 000-$6, 900 900.
Administrative
Repeal Of net losses tor year 1891
to 1933-$20, 100000
REIMBURSEMENT of depletion allow
ances-$l2, 000. 900.
Miscellaneous
Sales Of stocks one-fcurth Of one
per cent but not less than four cents
per share-$75, 000, 900.
Bonds, transfers Of, one-eighth Of
one per cent-$13, O00, 1000.
Capital stocks and bonds, issues Of
Go cents per 5000 $l3,oo0,00o.
Real estate conveyances, 50 cents
on all over $500-$10, 900 900.
Sales of produce on exchanges Give
cents per $100)-$6,000,0 900.
Admissions over As cents Zone cent
for each 10 cents or fraction thereof
$40 000, 900.
Excise Taxes
Cosmetics 10 per cent-$25. 900 900.
Furs, 10 per cent-$20, 00O, 900.
Jewelry, 10 per cent-$l5, 900, 900.
cent-$4, DOC. 900.
Beverages 1921 act rates) nuisance
levy-$ll ,000, 900.
Matches four cents per thousand)
$11 ,00o, 900.
Chewing gum, five per CENTS
0o0, 900.
Radios, monographs. five per cent
-$l1 ,000, 900.
Mechanical refrigerators, five per
cent-$4, SOC, 900.
Automobiles, three per cent, trucks
two per cent, accessories one per cent,
$57 ,000, 900.
Yachts, motor boats. etc. 10 per
cent-$500, 900.
Postage Proposals
Legislative and administrative
changes-$27, SOC, 900.
Increase first class rates one cent
except drop letters where no delivery
service-$l35, 900 900.
In addition the committee proposed
an increase Of one per cent in the
corporate income tax Of corporations
and their subsidiaries which desire to
continue filing consolidated and af-
filiated returns.
This brings that rate to Is per cent,
with the additional one per cent over
the Is per cent already approved. es-
timated to bring In $4,000, 900.
The committee also proposed five
per cent levy on candy to bring In
So ,000, 900 and 10 per cent levy on
safety deposit boxes to bring In ST.
DOC, 900.