SUMMARY OF REVENUE LAW CHANGES. Changes in the Present Law Contained in the Conference Revenue Bill. PRESENT LAW RETAINED. Bankers' capital and surplus, $50 for $25,000, and $2 for each additional $1,000. Stockbrokers, $50. Pawnbrokers, $20. Custom-House brokers, $10. Proprietors of theatres, museums, and concert halls, $100. Proprietors of circuses, $100 Proprietors of other public exhibitions, $10. Proprietors of bowling alleys or billiard rooms, $5 for each alley or table. Cigarettes weighing more than 3 pounds per 1,000, $3.60 per 1,000. Dealers in leaf tobacco, $6 to $24. Dealers in tobacco, $12. Manufacturers of tobacco, $6 to $24. Manufacturers of cigars, $6 to $24. Bonds, debentures, certificates of indebtedness, etc.. 5 cents for each $100. Certificates of stock, original issue, 5 cents for each $100. Certificates of stock, transfers, 2 cents for each $100. (Amended to include bucket shops.) Drafts or bills of exchange, inland, 2 cents for each $100. Freight receipts or domestic bills of lading, 1 cent. Certificates of profits, 2 cents for each $100. Broker's contract, 10 cents. Entry of goods at Custom-House for consumption, 25 cents to $1. Entry for withdrawal, 50 cents. Sparkling or other wines, 1 pint, 1 cent; more than 1 pint, 2 cents. Petroleum and sugar refineries, one-fourth per Manufacturers of mixed flour, $12 per annum. PRESENT LAW MODIFIed. Beer, $2 per barrel and 7 per cent. discount, changed to $1.60 per barrel and 7% per cent, discount repealed. Tobacco and snuff, 12 cents per pound, now discount of 20 per cent. Cigars weighing more than 3 pounds per 1,000, $3.60 per 1,000; changed to $3 per 1,000. Cigarettes weighing not more than 3 pounds per 1,000, $1.50 per 1,000; changed to valued at not more than $2 per 1,000, 18 cents per pound; valued at more than $2 per 1,000, 36 cents per pound. Cigars weighing not more than 3 pounds per 1,000, $1 per 1,000; changed to 18 cents per pound. Sales of products at exchanges, I cent for each $100; changed to 1 cent for each $100. Sales of merchandise in actual course of transportation exempted from tax. Bills of exchange, foreign, 4 cents for each $100; changed to 2 cents for each $100. Conveyance, 50 cents for each $500; now exempted below $2,500; above $2,500, 25 cents for each $500. Passage ticket, $1 to $5; now exempted below $50 in value. Legacies of every description, various rates; now excluded from tax, legacies of charitable, religious, literary, or educational character. PRESENT LAW REPEALED. Commercial brokers, $20. Bank checks, 2 cents. Certificates of deposit, 2 cents. Promissory notes, 2 cents for each $100, Telephone messages, 1 cent. Bonds of indemnity and bonds not otherwise specified, 50 cents (except bonds of indemnity). Certificate of damage, 25 cents. Certificates not otherwise specified, 10 cents. Telegraph messages, 1 cent. Insurance-Life, 8 cents on each $100; marine, inland, fire, 1⁄2 cent on each $1; casualty, fidelity, and guaranty, cent on each $1. Lease, 25 cents to $1. Manifest for Custom-House entry, $1 to $5. Mortgage or conveyance in trust, 25 cents for each $1,500. Power of attorney to vote, 10 cents. Warehouse receipts, 25 cents. Proprietory medicines, cent for each 5 cents. Perfumery and cosmetics, cent for each 5 cents. Chewing gum, 4 cents each $1. |