Salt Lake Telegram | 1932-06-14 | Page 1 | Error in Tax Bill Rectified

ERROR IN TAX BILL RECTIFIED B Dr Ai Associated Press WASHINGTON June 14 An error cr er- er in the new tax law was rectified today when President Hoover sl signet signed ed edan an amendment designed to collect to in iii excise l levies ieL The tax b bill ll as it passed the house I provided that when contracts no not specifying who should pay the tax had been made before belore May 1 I 1932 for lor taxable goods not actually de delivered delivered de- de livered livened before June 21 1932 the buyer buy buy- er should pay the levy The senate inserted an amendment to which the thc house agreed which would have exempted from the tax things bought by persons other than dealers radios dealers radios automobiles and the like purchased on the instalment plan provided plan provided the con con- tracts were made before May 1 It was found that the phrase any zany person other than a dealer would have lave let large companies such as automobile manufacturers which had long ong term contracts for tires and gaso- gaso gasoline line inc for tor instance escape the lev levy unil un un- til iii il the contracts expire