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The Greene County Republican
Waynesburg, Greene County, Pennsylvania
What is this article about?
The U.S. House of Representatives passed an amendatory tax bill, increasing distillery license tax to $500, shifting gas tax to companies, setting cigar tax at $5 per thousand, retaining cotton tax, and establishing 5% income tax with $1,000 exemption.
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The House finally passed the amendatory
Tax bill. The license tax on distilleries
was fixed at five hundred dollars
instead of one hundred as at present.
The gas tax was passed so as to compel
the companies and not the consumers to
pay the tax after April next. The im-
portant tax on cigars, cheroots and
cigaretts was fixed at a specific tax of
five dollars per thousand on all kinds,
The ad valorem rate is abolished, and
is simply to be a specific tax of the rate
named in future. The House refused to
sustain the Committee in abolishing the
cotton tax, by a vote of 65 to 95, and
retained it as in the present law now in
force. The income tax was agreed upon
at the uniform rate of 5 per cent., with
one thousand dollars exempt.
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Domestic News Details
Outcome
bill passed with distillery tax at $500, gas tax on companies after april, specific cigar tax $5/thousand, cotton tax retained (vote 95-65), income tax 5% over $1,000.
Event Details
The House passed the amendatory Tax bill, fixing license tax on distilleries at $500 instead of $100, compelling gas companies to pay tax after April, abolishing ad valorem cigar tax in favor of $5 per thousand specific tax, refusing to abolish cotton tax by vote of 65 to 95, and agreeing on 5% income tax with $1,000 exemption.