The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-06-04
House CONSIDERS
MEASURE During
SESSION SATURDAY
Hope to Get Bill Before Senate
For Final Congressional
Action Today
HOOVER At RAPlDAN CAMP
As Agreed on by conferees,
Measure Has Bigger Yield
Than Anticipated,
HOOVER At RAPIDAN CAMP

Washington, June 4.-(P)eThe SEN
ate has agreed to take up the revenue
report at noon Monday.
None of the numerous members
present demanded a roll call vote in
the house.
Carrying to finish the tremendous
burst of speed put into enactment OF
the new revenue bill, the house Satur-
day met far ahead of its usual time,
pitching Immediately into the con-
ference report on the measure.
Approval without difficulty was ex-
pected. No further changes were
possible except by returning the ST.
119, 000, 900 measure to the conferees,
a step which apparently no respon-
sible members were even thinking OF.
It was the plan Of the leaders to
act swiftly enough to permit the SEN
ate, engaged in a full days session
on the economy bill, to register its
approval also and send the measure
to the white house.
President Hoover was at his Ra-
pidan camp, however, SO even If he
were willing to waive the customary
period of examination before signing,
the bill could not become law before
next Monday or Tuesday.
AS agreed to by conferees for the
two branches, the tax bill actually
was higher in expected yield than at
any time during its hectic career
through congress. This was possible
because, although conference rules
forbid insertion Of items not APP
proved by one branch of congress or
the other, the conferees were free to
adopt any tax approved by either
house, modifying it within maximum
limits previously set.
Bill Little Changed
Except in details, however, the bill
was substantially as passed by the
senate. The most marked change
was alteration of the three per cent
electricity tax so that it will be paid
directly by the consumer on his
monthly bill. AS the senate had pass
ed it, each utility company would
have paid, probably without being
able to pass on the tax until new
rate schedules were approved by local
regulating commissions.
It was agreed to keep the senate
income tax rates, which reach the
1921 level of normal tax of per cent
on the first $4,000, 8 per cent on in
comes above that and surtaxes up to
SIS per cent on income in excess. of
100000.
The tariffs-on oil, coal, lumber and
copper-Were retained.
Further outlining the decisions OF
the conferees, Rep. Crisp said late
Friday:
1.-THE stock transfer tax of 4 cents
a share will apply to stock loans for
short sales"
I'VE agreed to the senate provisions
on automobiles, tires, chewing gum
lubricating oil. brewers wort. grape
concentrates. jewelry and boats.
The senate receded on the boot
logger tax
This last tax was for 100 per cent
on all proceeds proven to have beer
derived from crime.
Recede on Games Tax
The senate receded on its amend.
ments to exempt the Olympic games
and college football games from the
admissions tax. Crisp added there
had been mo controversy whatever
over the gift tax" 49,
1.-The senate provisions on telephone
and telegraph messages, including the
language on leased wires, were re-
tained," Crisp said. I'VE kept also
the senate provisions on second class
mail and extended the first class
rates until July /, 1884.
I'VE kept the senate provision or
insurance and admissions and thu
house language on foreign credits"
The senate rates were retained or
bond transfers. but the senate recedec
on the Gore amendment for a tax o.
80 per cent on all salaries and bonuses
over $4,000. The house conferees &C.
cepted the two-cent tax on Dani
checks.
The house conferees agreed to tn
senate's levy of per cent on cleo
trical energy with an amendment
making it apply to domestic and com
mercial consumers, but exempted IN
dustrial gas.
The five per cent levies on soap
mouth wash and tooth paste were ap
proved.
A four per cent tax on oil pipe lin
charges was retained.
Explains Action
Explaining the conferees' action Of
the consolidated and affiliated corpo
rate returns, Crisp said the house ha,
been anxious to test out whether tn
imposition of higher tax over tn
flat rate for corporations would no
produce more money for the govern
ment.
The senate had placed flat II pc
cent rate on all corporate returns
after the house had put the rate q
1871 per cent for single corporation
returns and IS per cent on consolt
dated and affiliated returns. Unde
the compromise, the flate rate Is Ia
per cent for single corporate return
ana 1lM for consolidated and affti
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