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Show TAX REDUCTIONS dorip nrriinro LULInlu UluiUlU Income Tax Allowance of $200 for Each Dependent Child One Cent on Checks. WASHINGTON, June 15. An Income In-come tax exemption allowanco of ?200 for each dependent child of a taxable parent and reduction of tho two-cent stamp tax on bank checks to ono cent were decisions reached today by the senate finance committee revising the war tax bill. Other stamp taxes tentatively approved ap-proved were formally approved today with little change from tho house provisions. pro-visions. By a tie vote a motion to reconsider the committee's action in exempting all confectionery from taxation was lost in an effort to place a tax upon high grade candy. Tho committee also rejected a motion to exempt bequests be-quests and legacies from income and existing Inheritance taxes. |