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gptkbp:instanceOf
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gptkb:United_States_federal_law
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gptkbp:affects
|
imported goods
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gptkbp:alsoKnownAs
|
gptkb:Underwood_Tariff
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gptkbp:category
|
gptkb:United_States_federal_law
United States tax law
1913 in American law
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gptkbp:dateEnacted
|
October 3, 1913
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gptkbp:enactedBy
|
gptkb:United_States_Congress
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gptkbp:followedBy
|
gptkb:Fordney–McCumber_Tariff
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Tariff of 1913
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gptkbp:incomeTaxRate
|
1% on incomes above $3,000
up to 6% on incomes above $500,000
|
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gptkbp:introducedIncomeTax
|
yes
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gptkbp:officialName
|
gptkb:Revenue_Act_of_1913
|
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gptkbp:precededBy
|
gptkb:Payne–Aldrich_Tariff_Act
|
|
gptkbp:purpose
|
reduce tariff rates
re-impose federal income tax
|
|
gptkbp:reducedAverageTariffRate
|
from 40% to 25%
|
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gptkbp:replacedBy
|
gptkb:Payne–Aldrich_Tariff_Act
|
|
gptkbp:signedBy
|
gptkb:Woodrow_Wilson
|
|
gptkbp:significance
|
implemented after ratification of Sixteenth Amendment
first significant reduction in tariffs since Civil War
|
|
gptkbp:sponsor
|
gptkb:Oscar_Underwood
|
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gptkbp:bfsParent
|
gptkb:United_States_tariff_history
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gptkbp:bfsLayer
|
7
|