Jasper County Democrat, Volume 12, Number 28, Rensselaer, Jasper County, 14 July 1909 — CORPORATION TAX IS TO BE ONE PER CENT [ARTICLE]

CORPORATION TAX IS TO BE ONE PER CENT

Income Question Is Now Up to i State Legislatures. I Washington, Jtriy 13.—At a conference at the White House it was definitely decided that the rate to be I levied under the new corporation tax i shall be reduced from 2 per cent to II per cent. j It now is up to the legislatures of the several states to say whether there shall be an income tax amendment to the constitution. j By the decisive vote of 317 to 14, more than the necessary two-thirda, the house passed the senate joint resoi lution providing tor the submission of I the question to the states.