War Revenue Act of October 3, 1917

I. War Income Tax

II. War Excess Profits Tax.

III. War Tax on Beverages..

66

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IV. War Tax on Cigars, Tobacco, and

Manufactures Thereof

.....

V. War Tax on Facilities Furnished by

Public Utilities and Insurance...

VI. War Excise Taxes

47

Assessment and administration... 113

II. Income Tax on Corporations.

Rate

118

118

Assessment and administration... 134

III. General Administrative Provisions.. 139

Index

153

CALIFORNIA

WAR REVENUE ACT

Approved October 3, 1917

(PUBLIC-No. 50-65TH CONGRESS)

(H. R. 4280)

An Act to provide revenue to defray war expenses, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

TITLE I.-WAR INCOME TAX.

SECTION 1. That in addition to the normal War income tax tax imposed by subdivision (a) of section one of the Act entitled "An Act to increase the revenue, and for other purposes," approved September eighth, nineteen hundred and sixteen, there shall be levied, assessed, collected, and paid a like normal tax of two per centum upon the income of every normal tax of 2% individual, a citizen or resident of the United on individuals States, received in the calendar year nineteen hundred and seventeen and every calendar year thereafter.

1. Supplementary

surtax on indi

SEC. 2. That in addition to the additional tax 2. Supplementary imposed by subdivision (b) of section one of such viduals Act of September eighth, nineteen hundred and sixteen, there shall be levied, assessed, collected, and paid a like additional tax upon the income of every individual received in the calendar year nineteen hundred and seventeen and every calendar year thereafter, as follows:

$5,000 to
$7,500-1%

$7,500 to
$10,000-2%

$10,000 to
$12,500-3%

$12,500 to
$15,000-4%

$15,000 to
$20,000-5%

$20,000 to
$40,000-7%

$40,000 to
$60,000-10%

$60,000 to
$80,000-14%

$80,000 to
$100,000-18%

$100,000 to
$150,000-22%

$150,000 to
$200,000-25%

One per centum per annum upon the amount by which the total net income exceeds $5,000 and does not exceed $7,500;

Two per centum per annum upon the amount by which the total net income exceeds $7,500 and does not exceed $10,000;

Three per centum per annum upon the amount by which the total net income exceeds $10,000 and does not exceed $12,500;

Four per centum per annum upon the amount by which the total net income exceeds $12,500 and does not exceed $15,000;

Five per centum per annum upon the amount by which the total net income exceeds $15,000 and does not exceed $20,000;

Seven per centum per annum upon the amount by which the total net income exceeds $20,000 and does not exceed $40,000;

Ten per centum per annum upon the amount by which the total net income exceeds $40,000 and does not exceed $60,000;

Fourteen per centum per annum upon the amount by which the total net income exceeds $60,000 and does not exceed $80,000;

Eighteen per centum per annum upon the amount by which the total net income exceeds $80,000 and does not exceed $100,000;

Twenty-two per centum per annum upon the amount by which the total net income exceeds $100,000 and does not exceed $150,000;

Twenty-five per centum per annum upon the amount by which the total net income exceeds $150,000 and does not exceed $200,000;