Show WAR TAX Repeal Bill Involving Authorized By Com it eo S. S t 7 S Washington Jn an SO Th The House House Committee on em Ways and Means has hasnalli unanimously ou Iy authorized or ed Ch Chairman ir n Payne to report a bill repealing all the Spanish war var re revenue nue taxes except the tax tax flouri on tl r c The repeal is to take effect July 1 1902 except the duty on tea which Iso is isIto isto to Ito o take effect January I r 1903 Chairman Chairman Chairman Chair Chair- man Payne Payne m made mide de a statement a nt showing that the the- total reduction would be 77 77 annually The delay in the re repeal repeal repeal re- re peal of the tax on tea is for the purpose purpose purpose pur pur- pose of enabling those Who have stocks on hand to of them before th the repeal takes place Mr 11 Payne says the country will start upon the next fiscal year ear with available c cash An amendment nt was as offered by Mr 11 vl Ne t to except from the repeal the tax on petroleum and sugar refiners and by Mr 11 Richardson to repeal the custom duties on trust-made trust goods good Both w by party votes Mr 11 Newlands's amendment also provided provid d for far a tax of on tenth one tenth of 1 per cent on the gross receipts ot of all corporations whose annual receipts exceed The repeal will affect the remaining special taxes by the war viz On bankers brokers grain dealers pawnbrokers house custom-house brokers broken theatres museums circuses etc bil bil- bil rooms liard-rooms and ad bowling alleys playing cards dealers in and manufacture of f tobacco The reduction on fermented liquor will amount to 60 GO cents per barrel that oIl on ri tobacco and snuff will be 3 cents bringing the rate back to 6 cents per pound as before the war The rate on onS S cigars and cigarettes was changed last year but the further change now made will wilt bring the rates back to those existing existing existing exist exist- ing prior to the war The repeal under schedule A of the law will include the tax on bonds deben debentures de de- de- de ben tures etc certificate of stock sales or a agreements stock transactions in- in land nd fr foreign hm bills of exchange bills of ot lading Indemnifying bonds certificates certificates cates of cates-of of profit brokers' brokers contracts custom cus- cus tom om house entries warehouse entries steamboat passage tickets The repeal repeal under unger schedule B will include the tax of 1 cent per pint bottle of wine and 2 cents on bottles over a 9 pint Th The legacy taxes also come off Other r reductions Include the excise tax on persons persons persons per per- sons and nd firms engaged in refining pe petroleum petroleum pe- pe and sugar special tax of banks and bankers stamp tax on parlor and sleeping car berths The rate on beer now nov per pel barrel will be he brought flown to to 1 The present tea duty is 10 cents per pound and this will be re re- re- re pealed |