definition of underwood tariff bill 1913?
- Anonymous1 decade agoFavorite Answer
- KingGeorgeLv 51 decade ago
1913 Underwood Tariff -(10/14/13) The first major reduction in tariffs occured under the Underwood Tariff Bill. The average tariff was decreased from 41 percent to 27 percent. One hundred items became free of tariff. To replace the lost income, a graduated income tax was imposed. This was the first income tax since the Civil War.