Show REVENUE MEASURE REDRAFT STARTED New Bill Provides for Expiration Expiration Expiration Ex Ex- Ex- Ex in Four Years of Excess Profits W I tj J to 10 The WASHINGTON Feb 12 Work l Work of redrafting the Uw administration revenue re bill was begun tOll today h by 13 Democrats of oC tint tho senate finance committee in ac accordance ac- ac with th the decision of or yesterdays yesterday's yesterdays yesterday's yester yester- days day's ay caucus of If f Democratic senators l who fInall finally approved ll the measure as It passed sed the tIlt llOu l' l with slight changes New C provisions to lo be hc written into tho the bill would woul provide for tion an automatically I In a four yetis years of or the tho excess profits tax termination ter ter- of or the present 12 per cent centt tax t on makers makers' profits In six Ix Instead of or twelve months after the war ends cods and dl deduction ut l on of or this tax before assessment of the he excess profits lax tax exemption of or mutual insurance compani companies companies compa compa- ni nies from rein the lie excess profits tax providing pro jiro- viding their profits arc aro distributed to policyholders Senator Lewis Lewis' proposal l to Incorporate Incorporate Incorporate rate the Iho Webb exporters exporters' co operative bill lili In the r revenue measure was re- re I Tho Tin nt new hIll 1111 will bw ho reported to the i senate nate within a a. few ew days lays and pressed tot for ln |